Ether Data launched with a unique consensus system
Los Angeles, California – (Newsfile Corp. – Aug 6, 2021) – Robert Bo Collins, CEO of Mercantile Bank International, and cryptologist Nikolay Tasev have announced the launch of Ether Data. This is a new cryptocurrency token that promises ecological sustainability along with economic development.
The unique technique developed by ETD helps solve scientific computing problems, providing consensus beyond accounting in the blockchain industry.
ETD (Ether Data) is a decentralized general purpose IT system based on the Ethereum smart contract. It comes with relational storage and secure computer technologies from DSB (Disk Storage Banking).
The architecture is a practical, high-performance blockchain network with a unique PoW + DSB PoS consensus mechanism. This design aims to achieve flexible growth of distributed applications to meet the performance criteria of:
● Institutions involved in research projects
● IT requirements for web applications
● Economic requirements for web applications
These technologies support the Berkeley Open Network Computing Platform (BOINC) and other scientific computing platforms by providing public computing capacity. It also adheres to the growing trend of combining industrial applications, talent training, open source systems, incubation accelerators, etc. This allows blockchain systems to be simpler, cheaper and more versatile in the selection of application components.
The unique consensus system in Ether data
ETD uses the consensus proof-of-compute-storage approach, which integrates proof of computation (PoC) with proof of existence (PoE). The choice of consensus protocol is determined by the needs of the double-blind matching challenges. It is a widely distributed computing platform to optimize the use of primary resources such as:
● Distributed computing models
● Distributed storage models
● Two-way data privacy protection requirements for P2P logical (bandwidth) network communication models.
The ETD public chain is designed as an efficient and high performance blockchain platform, using the new PoW + DSB PoS blockchain architecture. It’s about increasing the performance of distributed programs to meet real-world needs.
Why does ETD hold a unique position in the blockchain industry?
ETD is the result of the union of two ideas: distributed computing and time banking. The idea behind time-based banking was that everyone’s time was equal in value. So a bank’s time-based currency conversion certificate simply recorded the hour, not the price.
As a result, anyone could contribute two hours in exchange for the same time for others in the future. Here are some of the unique characteristics of ETD that set it apart in the blockchain industry:
Overcome the challenge of costly R&D and application development
The high cost of R&D and software development is one of the barriers to industrial adoption of blockchain technology, especially public blockchain. The ETD public channel enables companies to develop a range of applications and programs based on the ETD ecological network by providing:
● Reliable and efficient infrastructure
● Standardized and modular application plug-ins
● And, perfectly prepared technological and business advice.
Improves business efficiency in various industries
ETD is committed to accelerating the adoption of blockchain applications while simultaneously supporting high-quality growth in conventional industries. ETD will bring together cutting-edge technologies and innovations such as artificial intelligence, big data, virtual reality, etc. This will optimize various industries such as smart manufacturing, healthcare, transportation, intellectual property protection, new energy vehicles, organic farming, etc.
The ETD Foundation uses these technologies to provide a robust blockchain infrastructure for various application cases and to help businesses make the move to blockchain. In addition, the company is looking to combine blockchain technology with industrial applications to improve productivity and reduce operational expenses.
Bridge the gap between science labs and websites
The crypto company wants to create general purpose ETD computer labs in collaboration with universities and their associated scientific research organizations around the world. Here they will provide ETD machines and a full blockchain node to enable research groups who cannot afford expensive supercomputers to access the ETD platform through the node and receive compute and storage resources. .
Modular ETD technologies allow laboratories to quickly transform their advances into user-friendly online applications that serve a wider community. As a result, scientists no longer have to spend the expense of hiring software developers, marketing staff, and financial specialists to market their research and earn a salary commensurate with their efforts.
Ethereum’s approach for an ecological and scientific blockchain
ETD’s technical architecture integrates computing and data storage tasks more efficiently and at lower cost. It also has a more comprehensive system for protecting user privacy and authentication protocols.
In addition, Ethereum-based smart contract technology is better suited to a wide range of computational demands, allowing it to create a decentralized ecological network, resource sharing and self-organization.
The Ether Data Foundation is dedicated to ETD blockchain-based green construction and investment activities, such as financial product issuance and management, community news publishing, blockchain IPOs, investments in actions and research on the symbolic economy.
It will ensure that all contributor tokens have a stable value and are free to circulate. The foundation will also be in charge of the future expansion of ETD’s open source software architecture and meeting ESG (environmental, social and corporate governance) requirements.
The views, suggestions and opinions expressed here are the sole responsibility of the experts. Do your own research before making a financial decision related to a crypto company or asset.
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