What do we call the only the most advanced blockchain in the crypto market? DataGrid Blockchain (DGB). DataGrid is a blockchain platform developed by a Foundation called Prasaga, which has invested heavily in the crypto space to ease crypto users’ pains.
Prasaga aims to ease problems clouding other blockchains, including scalability issues, security, and decentralization. By solving such issues in its blockchain, Prasaga will encourage more people to join the crypto world, and more developers will participate in Dapp development owing to the blockchain’s features.
How exactly does Prasaga’s Datagrid Blockchain aim to function? What features will it have? Here is a complete review of the Prasaga platform, especially its blockchain project DataGrid.
DataGrid Blockchain in a Nutshell
The DataGrid Blockchain, acronym DGB, is a network developed by Prasaga to provide a better blockchain experience by strengthening the current features. Moreover, DGB introduces far better characteristics than ones in the existing blockchain.
DGB by design will ensure it remains highly secure, scalable, and provides the fastest transactions. The idea behind this blockchain is reaching the global markets and accelerating crypto adoption to businesses.
Unlike many blockchains existing in the market which do not fulfill their promise of transparency, decentralization, and security, DGB’s architecture will make all its promises solid.
What Features will DataGrid Have?
DGB possesses features that make it the most advanced crypto platform in the financial world. Among these features include;
Transaction Speed and Efficiency
One feature that makes DGB unique is that it’s the first blockchain to introduce a hybrid consensus algorithm. DGB leverages a dual chain consensus algorithm, combining both Proofs of Work and Proof of Stake algorithms in its functioning. The feature combination makes the DGB super-efficient and reliable, with the characteristics of top transaction speeds and the release of new blocks.
Among the features that bolster the transaction speed, reliability, and efficiency of the DGB include;
Sharding and scalability
Currently, all blockchains in the crypto space lack scalability of transactions. Because of their growth in adoption, it takes long durations to complete the verification of transactions. However, DGB implants sharding to bolster its scalability. Sharding is a technology that breaks down the database into small partitions called shards, which are operationally independent, thus can provide space for increasing resource supply in the blockchain.
Parallel Transaction Execution
DGB institutes a system that allows it to execute multiple transactions simultaneously. Parallel execution of transactions will increase the speed of service delivery.
As an option for completion of payment, DGB is instituting safety protocols ensuring the platform has top security from hackers and attackers. DGB inculcates security that may parallel Bitcoin while still providing decentralization and speed.
There is a safety-critical system enabling private, secure, interoperable networks. It will have vast applications in the industrial internet provision, messaging networks, fintech, and Dapps.
The PoW-PoS system offers even more security protecting the system from 51%-attacks cases.
In design, DCB will have maximum transparency but still maintain the highest integrity level for world data storage. The aim is to make an open-source, truly distributed, and decentralized network by leveraging the best system principles.
To bolster the blockchain’s decentralization, DGB uses XBOM. XBOM is an eXtensible Blockchain Object Model, providing top infrastructure for faster Dapp development, better market[place functioning and generation of a decentralized and scalable network.
You can fully control your account. The marketplace transactions are decentralized in that all economic benefits autonomy and security if focused on the participants.
A code inheritance-like system that provides a chance for exponential improvement
All on-chain executions follow a smart asset approach that fosters privacy, compliance to regulations, and better monetary policy.
The DataGrid Token
DataGrid Blockchain will leverage Ethereum blockchain’s current mining method to mine its token dubbed DataGrid token, acronym DGT. For Ethereum mining to occur, transactions have to consume gas, and in reward, the miners are given newly released coins.
In DGB, transactions have to consume DGT and release new DGT for rewarding the miners. The DGT is different from a smart contract token since it operates in its blockchain and not in a smart contract.
It introduces policies that will foster stability of the token, but its policies will be unique from algorithmic minting and tethering.
Prasaga’s Real-Time Data Marketplaces
Prasaga provides a marketplace for exchanging data between IoT device owners and data consumers in a decentralized, frictionless, free, and secure manner. The platform allows all entities to build their data marketplace and sell them to data consumers.
Unlike other marketplaces that offer past data, the Prasaga marketplace allows the entities to provide real-time data. It is easy to integrate many IoT smart devices, giving enormous data liquidity.
It’s the consumers’ choice to select their data sources. In Prasaga, there is top innovation in the social world, especially with the real-time data streams. The hub of all these marketplaces will be the DataGrid blockchain, with innovators getting an easy time using DGB.
The Prasaga Team
The Prasaga team has the most prolific team members divided into the leadership and advisory team. The leadership team consists of a Chief Executive, technology, financial, operation, marketing, communication, and decentralization officers. There is also a DataGrid Collaborative CEO and Advising CRO.
You can visit this link to find out the individual names and linked-in identities of each team member; It’s, therefore, easy to trust the platform.
Prasaga’s DGB will be the first platform to introduce a feature-rich platform, making it the only hybrid blockchain in the market. Moreover, DGB using the XBOM feature will make transactions even more secure and the blockchain more reliable.
The Prasaga team is launching its token presale between the 22nd and 26th of January 2020. At this time, users will enjoy a 5% bonus, which gets deducted each day by 1% during this presale period. The minimum purchase value is worth a quarter of ETH, and each coin sells at $0.05.
Additionally, for anyone purchasing over 80 ETH worth of DGT, they will receive even bigger bonuses. Investors who want to enjoy the never-ending benefits of owning a DGB token should take advantage of the time frame set to prepare and invest.