Prasaga: redefining the functionalities of the blockchain technology.

Hi friends. This time around, I want to introduce you to a new project which is a new breakthrough in the blockchain space.

When blockchain technology was conceptualized in 2008, little did we know that this groundbreaking technology will be deployed to solve real life challenges ranging from financial to health to education entertainment to environment to real estate to energy and even data.

What is Blockchain?

A blockchain is a method of storing data in a way that makes it difficult or impossible to hack, alter or cheat the system. The name is derived from its structure in which individual records, referred to as blocks are linked or connected together in a single list, called a chain. Blockchain is a distributed ledger technology (DLT) that enables data to be stored on thousands of server all around the world.

Only users in the protocol can upgrade the blockchain, and once new data is entered it can never be deleted. It is a write-once, append- many technology, which renders each transaction verifiable and auditable.

As impressive as the blockchain technology is, blockchain protocols are challenging to master, owing to the steep learning curve required by developers, which has resulted to high entry barriers that overcomplicate the promise of inclusive digital ecosystems. Furthermore, many blockchains currently in use lack optimum scalability, resulting in poor transaction speeds that are incompatible with enterprise -level targets. Even the security that the blockchain is meant to offer has not been achieved, as we have seen with the failure of a significant number of coins due to vulnerabilities and misconception of how the blockchain function.

Data is so critical in today’s world that we cannot afford not to pay attention to it, because of its relevance and how it is transforming the shape of the world we live in, many have pointed to data as the new oil. While the blockchain in itself is a data structure that stores transactions, digitization of world’s information makes it useful for us to consume data regardless of any field or sector we find ourselves in and this has make the Prasaga team to innovate a Data Grid Blockchain (DGT) to enhance a better quality of life by creating a globally scalable secure blockchain that can accommodate billions of users.

Now what is DGT Blockchain is and what will DGT address?

Data Grid Blockchain is solely created to fufill all what the blockchain seeks to achieve. DGT will solve many of the pressing technological concerns by ensuring a full resistance against attacks, making available lucrative incentivisation mechanisms for contributors and offers high- throughput transaction capabilities. The goal of prasaga is to develop a decentralized layer 1 blockchain infrastructure, and create a marketplace for connecting devices, data, data users, data applications and even AI algorithms that will facilitate market forces around increasing IoT (internet of things) globally in the area of smart devices, smart cities, smart buildings, smart farming e.t.c

The Data Grid Blockchain is a simple to use and decentralized ecosystem that will allow the collaborations of developers, miners and token holders. In other words, the DGT will bridge the gap between enterprise and consumer-based applications. The Prasaga team has come up with a new smart contract programming which is called smart asset that will allows users to deposit assets directly in to their accounts and monitor, store and certify them. High efficiency can be quickly obtained by introducing additional services on-demand, ensuring lightning -fast performance with quick speeds.

The Data Grid Blockchain makes use or has designed an extensible Blockchain Object Model (XBOM) operating system to simplify blockchain development and scaling in an effort to make DGB suitable for most types of applications.

The Data Grid Blockchain will serve many different purposes which include:

·       The creation of new cryptocurrencies

·       The development of a global digital identity scheme that is accessible to all citizens of the planet

·       Expanding the scope of decentralized finance,

·       Serving the needs of governments looking to modernize and digitize their existing workflows and practices.

Tokenomics

The native token of the Data Grid Blockchain is DGT token. It is a utility token that will be used to power the network and serve multiple use cases within the DGB ecosystem. The DGT is built on the Ethereum blockchain and has a total supply of 52,278,888,889.

DGT Token Sale

Steps to take to join the pre-sale

Conclusion

Data Grid Blockchain has been developed with the objective of simplifying the use of the Blockchain technology thereby enhancing its mass adoption because of its interoperability features that ensures the coexistence of all blockchain users. DGT will ensure that the blockchain technology is fully optimized through its universal data grid where data can be exchanged on a peer to peer basis and will influence the IoT positively. I strongly believe that this is exactly what the world needs at this time.

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Author’s Information

BTT Username: Pecae23

POA: https://bitcointalk.org/index.php?topic=5310375.msg56125187#msg56125187