Clothing the Naked Emperor – the Blockchain Potential Unleashed With Prasaga – Sponsored Bitcoin News

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Prasaga is a foundation-based organization and the creator of the DataGrid Blockchain, a new native chain and coinage project that includes developers, miners and token holders. DGB will be language independent and allow developers to fully reuse the code around the world, significantly reducing development time and complexity.

The Emperor’s New Clothes

In the popular fairy tale “The Emperor’s New Clothes”, the author Hans Christian Andersen portrays a ruler who is deceived by weavers who play on his vanity by saying that the suit he is wearing is only visible to them who are clever and wise, and who can speak the coveted language of solidity.

When the ruler addresses his subjects, who are very proud of his robe, which is of course the most beautiful in the country, he does not notice that he is actually not wearing anything. The ruler who turns from brazen to humiliated learns the mighty truth: You can’t let pride and fear of looking ridiculous stop you from speaking up when you know the truth.

One of the most important contributions of blockchain to the world was the introduction of speculative tokens. With the automated market making and liquidity pools from Decentralized Finance (DeFi), a large number of unregulated financial derivatives are now also involved. However, it is the enterprise-scale distributed ledger technology potential that was the catalyst for the adoption of AWS, Microsoft, Oracle, SAP, and IBM. Large technology companies use future-oriented blockchain technologies that cover a variety of applications, especially in private chains. The truth is – when it comes to blockchain technology, everyone is still looking for the emperor’s clothes – applications that will reinvent the future.

On the other side of the spectrum are the permissionless chains that don’t scale to even a fraction of the transaction capacity required to meet current payment solutions, let alone the scale required for society’s future. Broad technology deployments are extremely difficult to engineer, difficult to expand and maintain, and prone to bad actors exploiting their weaknesses.

This bare truth makes it very difficult to sell the bright future that decentralized immutable technology promises. Here is the DataGrid blockchain (DGB) brings the imperial king a lively new suit.

The innovation that is redefining the way distributed ledger technology should be developed for efficiency gains begins with the introduction of a revolutionary Layer 1 approach to the blockchain network by working with a full XBOM (eXtensible Blockchain Object Model). XBOM makes it easy to develop on the blockchain without having to write directly to the general ledger by introducing a class management infrastructure. The operating system enables each individual code group to be stored in accounts on the blockchain, in contrast to the current implementation options of the smart contract platform.

XBOM: coding simplified

Compare writing a smart contract to writing the entire word processing application to create a document. With XBOM, the necessary code is on the blockchain, so developers can easily call the code needed to execute even the most complex transactions directly.

The DataGrid blockchain (DGB) is language independent and enables developers to fully reuse code on a global level, which significantly reduces development time and complexity. The really good clothes are the invention of smart assets stored directly in the accounts on the DataGrid blockchain. Their status is in turn stored in each smart asset instance in the accounts and not in smart contracts. Accounts and their status can now be sharded to allow full parallelization and increase the speed of DGB as more nodes are added, which can only limit the scale of transactions by the bandwidth capacity of the internet.

This process establishes a fast scaling technology that enables DGB to reach the limits of network bandwidth without being restricted by the individual speed of each shard. DataGrid is too Easy to use for both the developer and the customer as they never have to use the underlying blockchain code. And most of all, it’s safe from the reuse of object code and the mitigating security issues that can arise with public blockchains.

Identity is king

The emperor now has new underwear and underwear. At least he’s covered. What makes it presentable and attractive for the population? What elements are needed to attract even the most critical fashionistas?

First of all, it must be ensured that the fabric is protected from the elements. For this purpose, DataGrid has created a function with which each or every entity can get a globally unique ID. An account number that consists of a unique 512-bit alphanumeric string. However, this cord is difficult to remember, so there needs to be some way to easily attach the accessory. This means it will be converted into an account name that users can choose. Think of this as a personal website domain, but better! It protects all of the user’s assets, critical records, regulatory approvals, and the status of all actions from anyone who interacts with a user’s account during its lifetime.

The voting concerns in the US and other countries led to a debate about (voter) identity and a much-needed improvement in voting systems.

The use cases for blockchain voting software are diverse. Your ability to include and manage a constituency is vital to the future of society, ”

said Joe dear child at Investopedia

not just to get a transparent result, but to encourage all people to get involved in their communities. Right now, the technology is still in its infancy, but it is maturing along with the young voters it will one day help and seems to be an integral part of our collective future. ”

How can the emperor achieve a truly democratic society where the voting infrastructure allows anonymity where the public can vote with the assurance that one person has a vote while the outcome is immutable and transparent? This is what the DateGrid Blockchain promises to achieve with the XBOM operating system.

The one account with DGB may contain ID cards, national driver’s licenses / ID cards, passports and government social numbers. The individual identity documents are a subset of the global UniqueID. A voting rights certificate asSigning an individual automatically grants the right to vote in local elections.

At the beginning of the voting season, users can request that their class: vote object be instantiated within the account. Once all credentials are identified, the voting certificate will be added. If elements that are used as personal IDs are missing in the certificates or other authorizations, the account automatically searches in the “account tree containment tree” for an instantiated object in the account with the corresponding authorization and continues with your right. Take the vote Your nation.

Everyone who is eligible to vote under the laws of their country now takes part in the vote.

Anyone who does not have the correct credentials will never receive the voting certificate and will not participate in the process. The emperor can be sure that his people are legal, safe, and trustworthy. The one-place blockchain cannot ensure that a valid vote is held on the person himself. Although there can be a guarantee that it is the person who votes through biometric controls, there can be no guarantee that they have not sold their vote or that they are being pressured by outside actors. To work around this, users can use a vote panic button in the user interface to call the local police for assistance.

DGT presale

The ERC-20 DGT private presale will begin on January 22, 2021with DGT native currency available for purchase at an initial price of $ 0.005. These tokens are activated within 3 months (91 days) after the Liquidity Bootstrap Pool and begin with the activation period as soon as they are listed on a decentralized exchange. There will be one 20% bonus for purchases of over 150 ETH and 10% bonus for purchases of more than 80 ETH. The community pre-sale has a minimum of 1/4 ETH and a bonus of 5% from January 22ndnd. This amount will until January 26th, reduce by 1% per day. The sale has a soft cap of $ 6 million and a hard cap of $ 25 million.

Solving real-world problems is why everyone got onto the blockchain. The DataGrid blockchain can create this new paradigm for developers and consumers. Prasaga has set up and leads DGBLabs.io for its Estonia-based token offering Community pre-sale from January 22nd to 25th. The team will then begin the Balancer Liquidity Bootstrap Pool on February 14thth. So if you fall in love with this project, you can enjoy a 96 hour LBP that is bot and whale resistant and allows people to determine the real market price before ERC-20 DGB is introduced into the general DeFi pools becomes.

The challenge of the future is to be authentic and honest with what the emperor actually wears and not to be fooled by the tailors. The real breakthrough for the Emperor came when he admitted he had no clothes and the crowd could admit that they had pretended the logs could be scaled. Now you can examine the DataGrid blockchain and honestly evaluate how it turns into a new designer suit for everyone.

To join the next blockchain paradigm, Get whitelisted on the DGBLabs website today.

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