Prasaga — Decentralized DataGrid Blockchain (DGB)
Introduction
What is a Blockchain?
Blockchain can be described as a data structure that holds transactional records and while ensuring security, transparency, and decentralization. You can also think of it as a chain or records stored in the forms of blocks which are controlled by no single authority. A blockchain is a distributed ledger that is completely open to any and everyone on the network. Once an information is stored on a blockchain, it is extremely difficult to change or alter it.
DataGrid Blockchain?
The DataGrid Blockchain (DGB) is another plan for a blockchain. It consolidates parts of the accompanying ideas: proof-of-work, proof-of-stake, equal chain/sharding, byzantine adaptation to non-critical failure, irrefutable irregular capacities, marking, open permissionless plan, open source code. Its plan objective is to empower secure low idleness, high throughput exchange rates, adaptable with expanded asset accessibility. The DGB is intended to be a broadly useful blockchain empowering a digital currency and both basic and complex business connections, with worldwide scale.
Features of Prasaga DataGrid Blockchain (DGB)
DGB accompanies three common issues with blockchain,
- Distributed Proof of Work (D-PoW) for Scalability.
- Extensible Blockchain Object Model (XBOM) for Smart Contract Architecture
- The DataGrid Token (DGT) for Cryptocurrency Miners.
Distributed Proof of Work (D-PoW) for Scalability.
A PC based strategy for consolidating hashpower of shards that utilize a proof-of-work hash method to such an extent that every shard benefits from the hashpower from any remaining shards, whereby a picked set of shards having a maximal consolidated individual hashpower, is alluded to as an agreement. Prasaga’s DataGrid Blockchain, Distributed PoW (D-PoW) is for circulating the PoW esteems among various autonomous chains. In this manner, the PoW’s for each chain are remembered for different chains. This doesn’t create squares or change the serious idea of delivering blocks.
What D-PoW does, is to empower assessing a gathering of chains over the long haul for legitimacy, where the assurance utilizes the idea of biggest hashpower for any contending gatherings of chains. Hashpower likens to consumption of assets, which is indistinguishable from what both Bitcoin and Ethereum does. This methodology likewise considers managing present moment network apportioning where at least one chains may be separated, yet rejoin their association with other chains, as what will happen is that the greatest hashpower decision, will discover those chains once more
Extensible Blockchain Object Model (XBOM) for Smart Contract Architecture
“XBOM is the operating system for the Blockchain, and XBOM makes it easy to develop for and to use the DataGrid Blockchain.”
Michael Holdmann, Prasaga Founder & CEO
The Extensible Blockchain Object Model (XBOM) utilizes an object model to launch classes on the DGB, stacking the code for the classes. The XBOM empowers legacy of the code by subclasses and launch of article cases of the classes. Since the XBOM expressly utilizes code previously stacked on the DGB, the chance for singular coding blunders is altogether decreased, expanding the unwavering quality of business rationale dramatically. XBOM objects are put away unequivocally in every client’s record state.
The XBOM utilizes a language message-passing model. It is feasible to blend programming dialects even inside the legacy progression of a solitary class. Nonetheless, Prasaga will carry out a XBOM language that depends freely on python, and will uphold in the nick of time accumulating for neighborhood hub execution.
XBOM Vs Traditional Smart Contracts
The XBOM is not same as Smart Contract. The XBOM empowers direct help for an item situated model where objects are examples of classes containing code that was recently started up on the DGB. This implies that making another XBOM object doesn’t need stacking any code by the client. Since the XBOM is object-driven rather than account-driven, an exchange shipped off an article executes the code for the class of that object, paying little mind to which record express the item is occupant in.
Furthermore, the XBOM empowers another idea, the XBOM Smart Object Asset (XSOA). The XSOA can address an advanced security, title of responsibility for actual resource. The XSOA can likewise carry out a purchaser and merchant relationship of other XSOA objects. Further the XSOA can acquire code to computerize authorization of KYC/AML guidelines and other prerequisites with no immediate activities by a purchaser or vender. The XSOA idea empowers different new decentralized structures, for example, a non-custodial decentralized multisided commercial center, where KYC/AML rules are authorized consequently, by the XSOA objects free of the commercial center. This exchange the responsibility of authorization from the decentralized commercial center to the individual records.
The DataGrid Token (DGT)
The DGT is a mined coin that is similar to the Ethereum coin. Transactions cost DGT comparatively to Ethereum “GAS”. New DGT is made as motivation compensations for block creation by miners like both Ethereum and Bitcoin. The DGT financial arrangement is a one of a kind new way to deal with tokenomics to improve the strength of the DGT dependent on monetary empowered by the DGB and the XBOM.
- Token Name: Data Grid Token
- Token Ticker: DGT
- Platform: Ethereum
- Standard Token: ERC-20
For More information about the DGB project:
- Website: https://www.prasaga.com/
- Token Presale Website: https://www.dgblabs.io/
- Twitter: https://twitter.com/PrasagaOfficial
- Facebook: https://www.facebook.com/prasagaofficial
- LinkedIn: https://www.linkedin.com/company/prasaga/
- Youtube: https://www.youtube.com/channel/UCWvAYSTavfT2xzN7AnAc2pg
- Telegram: https://t.me/prasagaofficial
Author Details:
Bitcointalk Forum Username: auda159
Telegram Username: @auda159
ERC-20 Address: 0xA22807d5561950643FEc0415B4e7c835F6f341B2
Bitcointalk Forum Profile: https://bitcointalk.org/index.php?action=profile;u=2808982
Proof of Authentication: https://bitcointalk.org/index.php?topic=5310375.msg56581591#msg56581591