Type: Platform
🤔 Many ICO’s are trying to build a working programmable economy platform on blockchain but to some, it has proven to be a harder task than anticipated. The technical problem is that while some platforms offer security, they lack efficient performance and vice versa.
❗️But there’s an an ICO that wants to take up the challenge and provide the best solutions for these issues. And more.
It’s called Edenchain.
🎯 It’s building a blockchain platform technology that will grant you to trade on a third generation smart contract blockchain. On this platform all assets, both tangible and intangible, would be tradeable as tokens.
💫 Edenchain can be used in a wide range of applications and industries: on this platform startups of different sectors such as IoT, B2B, services, P2P, finance, shared economy etc. can launch their ICO. Also dApps can be built on it.
Not too shabby, wouldn’t you say?
☄️ So how fast is Edenchain? It combines Merkle trees and Namespace technology to secure the performance and scalability through an execution system that’s able to execute parallel processes. Edenchain can then in theory handle an infinite number of transactions since there are no limits to namespaces, and the transactions in namespaces run in parallel. They also have an E-bridge layer that retrieves and encrypts data, protecting it and keeping it secure.
🏆 Clues for:
- They seem to be ahead of schedule in development: the MVP was already delivered and testnet results should be available soon.
- Korean ICO’s are doing pretty well. Remember ICON?
- They have Masternodes. Hype hype hype.
- Projects can build dApps on their platform.
⛔️ Clues against:
- Team members don’t have much experience of blockchain nor token economy. The lack of experience showed as not being prepared for the blockchain hype, which made the project seem shady at first. Since that, they have done a facelift in the blockchain world.
- Edenchain is not the first nor the only one that’s looking to solve blockchain security and performance problems.
🤝 The case has been solved!
Overall, Edenchain is an ambitious project with a lot of promise. It’s delivering the development faster than anticipated. They’ve showed that when they’re facing problems, they come through it stronger rather than giving up or ignoring them. In other words, they’re doing things right.
📈 RATING: 85/100
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