Overview:Often regarded as the next most anticipated ICO of 2018 and the Ethereum of South Korea,
EdenChain is creating a third generation smart-contract blockchain which they will utilize to implement a Programmable Economy. With the EdenChain platform, users can capitalize tangible / intangible values, and trade them over the blockchain. EdenChain also aims to provide a pervasive blockchain and token platform for applications across the board, including IoT, Energy, AdTech, P2P finance, Healthcare, and similar industries. With the EdenChain platform, users can capitalize tangible / intangible values, and trade them over the blockchain.
What is the architecture of EdenChain?•
Distributed Ledger Layer: Based on Linux Foundation’s open source project, Hyperledger Sawtooth, this distributive ledger layer provides the decentralized database functionality to EdenChain. The layer in which data used in the blockchain is distributed and stored, and only data of transactions agreed to in the validation layer are processed. Distributed ledger data can be added through transactions.
•
Validation Layer: The layer where a transaction is executed and verified, and includes an Ethereum Virtual Machine (EVM) to run a smart contract. Transactions are executed and verified in this layer, which includes the EVM. With a Transaction Execution Scheduler, it forwards transactions to corresponding nodes based on namespaces. The router can be automated, allowing resource management across transactions and nodes.
•
Bridge Layer: This layer consists of an e-bridge that connects EdenChain with external data sources through secured interoperability, enabling the on-chain smart contract connects with the off-chain modules. This layer is used to securely import data needed by an on-chain smart contract within the blockchain in cooperation with an off-chain.
We have identified the following trends in the blockchain, and how it will solve problems with existing blockchain platforms:• There is an ongoing trend in the development of the programmable economy, but the main obstacles that hinder adoption of blockchain platforms are scalability and performance.
• Almost every transaction involving tangible assets is sold and managed by intermediaries, which increases transaction costs.
• There is an absence of platforms that can serve as intermediaries for enterprises and individuals to capitalize on their intangible assets.
• There is a lack of talented developers with blockchain knowledge to help companies adopt blockchain technology, slowing adoption rates.
Solutions we have proposed for the problems include:• To solve scalability by combining namespace technology with Merkle Tree, so that it can isolate transactions by namespace and ensure high-performance and scalability. Edenchain constructed an execution system capable of parallel processing by namespace, which allows ease of scaling. Each namespace can process up to 1,000 transactions per second. To scale, an enterprise can simply increase the number of namespaces.
• To ensure a secure platform, Edenchain offers a high level of security with regards to interoperability by implementing both hardware and software solutions. For hardware, intel SGX enclaves are used to protect against attackers. For software, Elliptical Curve Cryptography and Threshold Cryptography are used.
• To create a market for all tangible and intangible assets, Edenchain allows users to tokenize their assets. Thereafter they can be traded as a cryptocurrency.
• External data are ensured for reliability through the use Median Voter Theorem for continuous variables.
• Energy-efficient consensus algorithm via Proof-of-Elapsed-Time which was developed by Intel, randomly selects a lead node to generate the next block.
• Use of APIs to interact with Edenchain’s blockchain, shortening development time and cost. There is no need for extensive knowledge of building blockchains. Most developers are already comfortable using APIs. This speeds up adoption of Edenchain
Major Partners and Investors•
HelloEden — HelloEden will be the first to implement EdenChain in Q2 2018 and is mainly targeted at the Korean Market. EdenChain will provide ICO coin release, marketing, and investment, a total service on the basis of a platform.
•
CleanDeal — Cleandeal is a B2B open-market platform, run by YT Corp and will be launched in Q4 2018. The platform provides coin and Blockchain technology that is needed for B2B service for Cleandeal.
•
MyCreditChain — MyCreditChain is using Edenchain Platform to provide coins and Blockchain Technology to provide P2P service. This will be launched in early 2019.
Team:•
James Ahn has over 20 years of experience in IT. He is the Founder and CEO of MHR Inc. (Software development for Machine learning), as well as the Founder and CEO of DeepNumbers Inc. (Financial Machine learning). He is an adviser of the NIA Platform, a technical adviser to the National Computing & Information Service and an adviser to Cloud for the Korean Agency for Technology and Standards.
•
Jenny Ryoo was was leading scientist in MHR Inc. for 11 years and was also engaged in research for the Korean government.
•
Hokyun Kim has over 18 years of IT experience who developed SK Telecom’s WAP Mail Gateway technology, which provides standardized APIs on 7 portals, reeling in 200,000 paid subscribers within a month of service launch.
•
Brian Park has experience in IT that spans over 15 years, including stints at SK telecom and Korean telecom. He developed direct push technology on Windows Mobile and other software.
PRE-SALE INFORMATION:• 30% bonus EDN Tokens until May 14th
• 0.04 USD discounted price per EDN Token
VISIT OUR WEBSITE TO LEARN MORE INFORMATION AND CONTRIBUTE: https://edenchain.site
