Prasaga is a Foundation-based organization and creator of the DataGrid Blockchain, a new native chain and coin project, embracing developers, miners and token holders. DGB will be language independent, allowing developers to reuse entire code on a global scale, which will significantly reduce development time and complexity.
The Emperor’s New Clothes
In the much loved folk tale “The Emperor’s New Clothes” author Hans Christian Andersen portrays a ruler, deceived by weavers playing on his vanity, saying that the suit he wears is visible only to those who are smart and be wise and who can speak the coveted language of Solidity.
While the ruler addresses his subjects, fiercely proud of his robe, which is of course the finest in the country, he does not realize that he is in fact wearing nothing at all. The ruler, turning from unashamed to humiliated, teaches the powerful truth: you can’t make pride and fear of looking ridiculous won’t keep you from saying something when you know the truth.
One of blockchain’s major contributions to the world has been the introduction of speculative tokens and now, with Decentralized Finance (DeFi) ‘s automated market making and liquidity pools, it is also a wide variety of unregulated financial derivatives. However, it is the enterprise-scale distributed ledger technology potential that has been the catalyst for the adoption of AWS, Microsoft, Oracle, SAP and IBM. Large-scale technology companies are deploying progressive blockchain technologies, targeting a variety of applications, primarily 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.
At the other end of the spectrum are the consent-less chains, which don’t even have a fraction of the transaction capacity needed to match current payment solutions, let alone the scale needed for the future of society. Large-scale technology implementation is extremely difficult to design, difficult to expand and maintain, and vulnerable to bad actors exploiting its weaknesses.
This naked truth makes selling the bright future promised by decentralized immutable technology very difficult. This is where the DataGrid Blockchain (DGB) brings a vibrant new outfit for the Emperor King.
The innovation that redefines the way distributed ledger technology should be designed for efficiency gains starts with applying a revolutionary layer 1 approach to the blockchain network by dressing it with a fully eXtensible Blockchain Object Model (XBOM) -operating system. XBOM makes it easy to develop on the blockchain without having to write directly to the ledger by introducing a class management infrastructure. The operating system allows each individual group of codes to be stored in accounts on the blockchain, unlike the implementation choices of the current Smart Contract platform.
XBOM: Coding Simplified
Compare writing a smart contract to writing the entire word processor to create a document. With XBOM, the necessary code resides on the blockchain, so developers can easily invoke the code needed to directly execute even the most complex transactions.
The DataGrid Blockchain (DGB) will be language independent, allowing developers to reuse entire code on a global scale, significantly reducing development time and complexity. The real fine clothing is the invention of Smart Assets that are stored directly in the accounts on the DataGrid Blockchain. In turn, their status is stored in each instance of smart assets, in the accounts instead of smart contracts. Accounts and their state can now be moved across shards, allowing for full parallelization and increasing the speed of DGB as more nodes are added, thus scaling transactions is limited only by the bandwidth capacity of the Internet.
This process provides fast scaling technology, allowing DGB to reach network bandwidth limits without being constrained by the individual speed of each shard. DataGrid is too easy to use for both the developer and the client as they never have to use the underlying blockchain code. And, most importantly, it is safe of object code reuse and the mitigating security vulnerabilities that can occur with public blockchains.
Identity is king
The emperor now has new undergarments and undergarments. At least it’s covered. What makes it representative and attractive to the population? What elements are needed to attract even the most discerning fashionistas?
Firstly, one must ensure that the fabric is protected from the elements and to this end DataGrid has created a feature that allows anyone or any entity to have a Globally Unique ID. An account number, consisting of a unique alphanumeric string of 512 bits. However, this string is difficult to remember so there must be some way to easily attach the accessory. This means it needs to be converted to an account name that users can choose. Think of this as a personal website domain, only better! It protects all of the user’s assets, vital records, regulatory approvals, and the status of all actions against anyone interacting with a user’s account during their lifetime.
The voting objections in the US and in other countries led to the debate around (voter) identity and a much-needed upgrade of voting systems.
“The use cases for blockchain voting software are many and diverse. The ability to engage and manage a constituency is critical to the future of society, ”
said Joe Liebkind at Investopedia
“not just to achieve a transparent outcome, but to encourage all people to participate in their community. Currently, the technology is still in its infancy, but it is maturing with the young voters, it will help one day, and appears to be an important part of our collective future.. “
How can the Emperor achieve a truly democratic society, where the voting infrastructure allows anonymity, where the public takes part in the vote, with the assurance that one person has one vote, when the result is unchanging and transparent? This is what the DateGrid Blockchain promises to achieve with the XBOM operating system.
The only account on DGB can contain IDs, National Driver’s License / IDs, Passports and Government Social Numbers. The individual identity documents are a subset of the global UniqueID. A voting certificate assigned to a person automatically gives the right to vote in local elections.
When the voting seasons begin, users can request their class: vote object to be instantiated within the account. Once all credentials have been identified, the voting rights certificate will be added. If elements are missing from the certificates or other authorizations used as the personal identification, the account will automatically look up the “Account Object Containment Tree” to find an instantiated object in the account with the appropriate authorization and proceed with your right to participate in your country’s vote.
Anyone eligible to vote under the laws of their country will now participate 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 rest assured that his people are legal, safe and reliable. The only place where blockchain cannot guarantee a valid vote is with the individual. While it can be guaranteed that it is the person who will vote through biometric checks, there is no guarantee that they have not sold their vote or are under pressure from outside actors. To get around this, a voice panic button in the interface allows users to contact the local police for assistance.
The ERC-20 DGT private pre-sale will start January 22, 2021, where the original DGT currency will be available for purchase at an initial price of $ 0.005. These tokens will be unlocked 3 months (91 days) after the Liquidity Bootstrap Pool and will begin the unlock period once the offer is made on a decentralized exchange. There will be an 20% bonus for purchases over 150 ETH, and 10% bonus on purchases from 80 ETH. The Community Presale has a 1/4 ETH minimum and 5% bonus, from January 22ndnd. This amount will reduce by 1% per day until January 26th. The sale has a soft cap of $ 6 million and a hard cap of $ 25 million.
Solving real world problems is why everyone has gotten into blockchain. The DataGrid Blockchain will be able to create this new paradigm for developers and consumers. Prasaga has set up DGBLabs.io for its Estonia-based token offering and is running its Community presale from January 22ndnd until the 25th. The team will then start on February 14 with the Balancer Liquidity Bootstrap Poolth. So if you fall in love with this project, you can enjoy a 96-hour LBP resistant to bots and whales and let humans set the actual market price, before the ERC-20 DGB launches into the general DeFi pools.
The challenge of the future is to be authentic and truthful about what the Emperor is actually wearing, and not be fooled by the tailors. The real breakthrough happened for the emperor when he admitted he had no clothes and the crowd admitted they were pretending the protocols could scale. Now you can check out the DataGrid Blockchain and honestly evaluate how it will create a new designer costume for everyone.
To participate in the next blockchain paradigm, get whitelisted on DGBLabs website today.
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