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KnowledgeKing 5C2C49BE-0B07-4C3F-8D36-B1FB2C7ACC0C Created with sketchtool. 12 Stranger 3 Oct 4 2023 0:10

What is Edgeware blockchain and what's unique about it?

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What are the unique advantages of Edgeware blockchain?

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undefined 5C2C49BE-0B07-4C3F-8D36-B1FB2C7ACC0C Created with sketchtool. 0 Stranger 0 Oct 19 2023 12:45

Edgeware is a high-performance, self-improving and decentralized smart contract platform within the Polkadot ecosystem. It's designed to offer a platform for developers to build decentralized applications and protocols with features including on-chain governance, identity, and interoperability.

Here are some key features that make it unique:

  1. Smart Contract functionality: Edgeware prioritizes the enhancement of smart contract technology. It aims to offer a more efficient and simpler way to deploy smart contracts within the Polkadot system.

  2. Community-driven Governance: Edgeware operates under a community-driven governance model. It enables its token holders to directly vote on network upgrades and decisions, creating a truly decentralized governance system.

  3. Lockdrop Token Distribution Mechanism: Instead of funding through ICO, Edgeware introduced a new model called "Lockdrop", through which they issued 90% of Edgeware’s tokens to all crypto investors. In a lockdrop, users voluntarily lock up their funds and in return receive new tokens (EDG in this case) on the new network.

  4. Nominated Proof-of-stake Consensus Protocol: Edgeware employs a Nominated Proof-of-Stake (NPoS) protocol which allows users to vote, delegate responsibility, and fund each other to upgrade the network.

  5. Interoperability via Polkadot: As part of the Polkadot ecosystem, Edgeware can take advantage of Polkadot's interoperability features to communicate and interact with other blockchains in the network.

  6. Strong Developer Support: Edgeware's platform empowers developers, allowing them to build powerful applications in various languages such as WebAssembly (Wasm) and Rust, or directly port their Ethereum DApps to Edgeware with minimal changes.

  7. On-Chain Identity: Another unique feature of Edgeware is its on-chain identity feature. This means that each account on the Edgeware blockchain can be associated with multiple off-chain accounts. These can be from various platforms, effectively making Edgeware a repository of online identities.

These features make Edgeware a stand-out player in the world of blockchain smart contract platforms.