PRASAGA- INTRODUCING A TOP-NOTCH AND SCALABLE BLOCKCHAIN (DGB) TO THE WORLD
Blockchain technology has provided the entire world with a powerful and cutting-edge technology that is capable of revolutionizing industries, sectors, organizations, and the world at large. Its massive potential offers high levels of security, transparency, and decentralization which have been lacking in today's transactions.
It is undeniable that the existing blockchains ensure the safety of users' data, but the truth remains that none of these blockchains exists as a decentralized blockchain architecture that is specially optimized with first-class safety-critical systems design principles as its top priorities.
Blockchain technology as we all know comes with lots of promises which the existing blockchains are yet to fulfill. But the good news is that the DataGrid Blockchain (a powerful and the next evolution of blockchain architecture) has come to achieve and fulfill all the promises that the current blockchains have been aspiring to.
PRASAGA- PROVIDING RELIABLE SOLUTIONS TO THE TRILEMMA ISSUES
PRASAGA is a reliable project designed to provide new and lucrative opportunities that will enable people as well as companies to collaborate around data. One of the primary objectives of PRAGASA is creating a next-generation global ecosystem that is capable of addressing the trilemma, and this is achieved through a hybrid consensus protocol.
This protocol which is known as the DataGrid blockchain is specifically built to leverage both the PoW and PoS (Proof-of-Work and Proof-of-Stake respectively) to provide solutions to the three important Issues which other blockchains have failed to address.
These issues include the scalability of the consensus algorithm, the parallelization or sharding of the smart-contract architecture, and cryptocurrency to incentivize miners known as Node Validators.
PRASAGA enables the Internet of Things (IoT) which is described as a system of interrelated and internet-connected objects that collect and transfer data over a network without any human intervention to function the way it was originally envisioned.
The truth is that PRASAGA aims at creating a world where the Internet of Things as well as the data they (IoT) produce will be harnessed in ways that will make maximum impact and benefit the global world.
Apart from making it possible for manufacturers together with factories to plug all their IoT smart devices and their existing algorithm into PRASAGA, it also allows Intelligent industries and companies to leverage PRASAGA which will go a long way in helping them to make significant cost savings.
But the most intriguing part of it is that with PRASAGA access to a real-time data stream is controlled by city administrators, and IoT devices from anywhere can easily connect to it (PRASAGA) and start enjoying an endless transmission of data.
PRASAGA- BRINGING DATAGRID BLOCKCHAIN TO LIMELIGHT
DataGrid Blockchain known as DGB is a special and unique technology that is specifically built to accomplish or fulfill the promises which every other blockchain has been aspiring to achieve. As a PRASAGA’s product, DGB offers the highest level of resistance in terms of attack and ensures that its ecosystem contributors are well rewarded.
As earlier stated, DataGrid blockchain addresses the trilemma issues encountered in other blockchains by using a Distributed Proof-of-Work for scalability, an Extensible Blockchain Object Model which is popularly known as XBOM for parallelization or sharding, and the DGT (DataGrid Token) Financial model for cryptocurrency.
It is very vital to understand that this innovative technology is elegant and superior to every other blockchain. It is a pacesetter when it comes to throughput and as more resources are being added to its network it provides a maximum speed that will ensure that the throughput is maintained, which makes it a standout blockchain among the rest.
More importantly, DataGrid Blockchain is very easy to use, because of the operating system that runs in it. With the XBOM, DGB boosts an excellent scaling that is far beyond other blockchains. This XBOM (Extensible Blockchain Object Model) is designed to leverage a more efficient hybrid Proof-of-Work and Proof-of-State.
And this will allow an increase In speed as more resources are added, thereby enabling a maximum transaction rate which is allowed by the bandwidth of the internet. Additionally, DataGrid Blockchain utilizes a monetary policy to ensure that the DataGrid currency or token is stabilized.
WHY CHOOSING DATAGRID BLOCKCHAIN
Apart from enabling blockchain technology to fulfill its potential, other interesting and attractive things make DGB an outstanding technology, and some of them can be seen below.
- It enables blockchains that are compartmentalized as well as blockchains that can be customized to run in parallel, this is because the entire network retains Bitcoin-level security.
- DataGrid Blockchain is known for its scalability which is achieved through sharding with full consideration of internet latency together with transmission protocol issues by employing proven parallelization models that can run as fast as the network limitations allow.
- DGB evolves the present approach to account creation and the recording of transactions, to facilitate the parallel enactment of transactions across all chains.
- This amazing technology eradicates errors by using a method that will have the programming of all transactions that happen on the blockchain and at the same time keeps all the code that is needed to a minimum.
Although DataGrid Blockchain is awesome in delivering a fully transparent and high-integrity platform for the global world’s data, it also engineers a true decentralized and distributed system that is built with safety-critical system principles.
ABOUT THE TOKEN
PRASAGA’s token or the DGB token is known as DGT. The token is used for carrying out transactions in a similar way to that of Ethereum Gas. DGT is created to become a global reserve currency that will be used to price assets on the DataGrid Blockchain for the exchange of value.
More importantly, miners are rewarded with DGT and the token is expected to accrue in value especially when compared to other reserve currencies such as USD, EUR, etc, etc in no distant time
CONCLUSION
In DataGrid Blockchain, the safety-critical systems foundation layer has been built which will enable private, secure, and interoperable messaging networks for fintech, Apps, and large-scale industrial internet. Traditional can as well be integrated into this extraordinary blockchain.
One of the unique features of DGB is that it promotes both decentralized markets and individual sovereignty. All these occur naturally in the blockchain. While the individual's sovereignty is obtained via the account and object structure in the blockchain through the Extensible Blockchain Object Model, the decentralized market is made possible through the XBOM technology.
DataGrid Blockchain allows users to have full control of their assets in their accounts which are highly secured through the XBOM. Furthermore, DGB utilizes four core financial models such as the Monetary Policy Model, the Treasury Model, the Gas Price Model, and the Node Staking Model to ensure stability as well as the growth of the system.
PRASAGA ticks all the boxes and also enables cities to become smart enough. Now is the time for blockchain enthusiasts and the entire world to join hands With PRASAGA to bring this powerful and efficient blockchain (DataGrid Blockchain) to the limelight to allow the world to enjoy all the promises of blockchain which the current blockchains are unable to deliver and many more.
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WRITER’S INFORMATION
Writer: Mansonndubuisi
Bitcointalk Username: Mandez4real
