Regretting you missed the ICON ICO? Beer is not the only solution, you'll have another chance to partake in a top-notch project.
Simple in its goal and use case, but intricate in its execution, Edenchain can be our new go to platform when we want to buy and sell anything we deem of value.
What is Edenchain?
Edenchain is a programmable economy platform that offers ease of use and high tx/s output due to its architecture. It is also a secure way of doing business on the blockchain due to its security measures that are implemented both off and on chain.
How it works?
EdenChain is a permissioned blockchain consisting of three layers: a distributed ledger layer, a validation layer, and a bridge layer. Distributed layer is where all the data is stored. Validation layer is where all the tx are processed and verified and the bridge layer is where all the input data is processed.
Modern day businesses need a lot more tx/s throughput than the current blockchains provide. This is where Eden jumps in with its transaction speed! The whitepaper claims theoretical potential unlimited number of tx/s. No bold claims have been made but they will be faster than the current blockchains that are dominating the market.
Not just a beer, any product of physical or intellectual value can be tokenized and sent onto the blockchain. Eden makes it efficiently because unlike Ethereum that run on all full nodes, it is a permissioned blockchain that builds and runs a trustworthy environment for smart contract execution, secures safety, increases efficiency by using a certain number of nodes based on a namespace, and ensures 100 percent processing of all transactions.[Whitepaper]
EdenChain server is operated by a small number of authorized agencies or companies which makes it centralized but very efficient and secure.
Without wanting to go into details here, the whitepaper explains how EdenChain structuring of smart contracts is superior to Ethereum and Bitcoin. If the situation requires it, it provides a welcome alternative. I highly recommend looking into whitepaper or at least skimming if you are less tech savvy because it gives an impression of how well thought out EdenChain's offer is.
The team
That is made possible by an impressive list of names in the team. To name just a few here
- James Ahn, CEO, Founder
- Jenny Ryoo, Co-Founder, Blockchain Developer
- Kangho Kim, Chief Strategy Officer
Having Ben Godenzi onboard as advisor means they will probably be joining hands with Icon Wanchain Aion as a new addition of the great companies behind Interoperability Alliance (IOA). All this is executed by an all star team who are very professional and very modest in their claims.
ICO details
Ticker: EDN
Token type: ERC20
ICO Token Price: 1 EDN = 0.0600 USD
Fundraising Goal: 24,000,000 USD
Total Tokens: 1,000,000,000
Available for Token Sale: 40%
Bonus for the First: UP TO 20% (PRE-SALE)
Token Issue: 20% monthly for 5 months
Source
I believe that Edenchain is one of the most promising ICOs so far in 2018. They will make blockchain experience easier for enterprises and also address some of the scalability problems we have today in most of the networks. Also they have a good amount of partnerships already established and some in the pipeline. Some of the noted ones are Across Asia and Microsoft Partner Network
Links
- Website: http://edenchain.io/
- Technical Whitepaper: https://edenchain.io/EdenChain-Technical-Paper-v3-en.pdf
- Blog: https://edenchainio.wordpress.com/category/english/
- MVP demo:https://edenchainio.wordpress.com/2018/04/30/demo-of-e-explorer-mvp-the-first-among-many-products/
- reuters article: https://www.reuters.com/brandfeatures/venture-capital/article?id=30196
I highly recommend you visit their website and watch the introduction video and MVP presentation video, as well as join the community in Edenchain telegram group https://t.me/edenchainio
This review was made in collaboration with @carebbear. Do check him out!