DataGrid Blockchain (DGB), A Revolutionary Blokchain Network

General Introduction

Blockchain technology without doubt is the future of technology . Several problems have been solved by blockchain technology ever since its discovery. Most people believed the technology utility is limited to issuance and management of cryptocurrencies but reverse is the case. Blockchain technology is limitless , its use is applicable in almost all areas of human endeavors' know the question that comes to readers who are just hearing blockchain for the first time is what is blockchain technology ? Blockchain technology is a digital technology that can be used for data storage and transaction .There are several digital system where data transaction can be conducted and stored but most of them uses central server What makes blockchain different is the decentralized architecture of the technology . Data storage and transaction are being done in a decentralized manners , this makes data in the chain transparent and immutable . Information on the chain are resistant to alteration and are publicly displayed. The use of blockchain has gone beyond what it used to be . Blockchain technology has been experimented in several areas and has come up with a proven good result . In this publication, i will be discussing about Prasaga DataGrid Blockchain . It is a new blockchain network developed to solve the existing problems in blockchain networks . It is no longer a news that majority of the existing blockchain network have scalability problems and this has limited their application in some relevant fields . An obvious example is the Ethereum blockchain , most widely used blockchain network which users are being facing with problems of low speed, high transaction charges and congested networks. Prasaga DataGrid blockchain has emerged to proffer a lasting solution to all these problems. Prasaga blockchain network has incorporated the components of Proof of Work (Pow) and Proof of Stake (PoS), Open permisionless architecture , open source code , Staking , Verifiable Random functions and lots interesting features. Details about Prasaga Blockchain Network shall be reviewed in this publication.

Comprehensive Review of Prasaga DataGrid Blockchain (DGB)

DGB is different from Smart contract implements blockchain , it is not a smart contract token and not developed for a particular vertical use case . it was developed as horizontal technology which is very useful for countless application globally. Prasaga blockchain network has incorporated with the components of Proof of Work (Pow) and Proof of Stake (PoS), Open permisionless architecture , open source code , Staking , Verifiable Random functions and lots interesting features. Prasaga aims to achieve high level of scalability with high resource availability , enabling secured low latency and high transaction speed/ low rates.

Prasaga DataGrid Blockchain have unlimited use cases in which i am going to mention some in this article. DGB is a multipurpose blockchain . It is basically an infrastructure that will be very applicable in the Internet of Things (IoT) and Fintech industries. With Prasaga blockchain infrastructure , there will be ability to track and create complex business relationship in a very secure and open system. Prasaga DataGrid blockchain in conjunction with XBOM creates this possibility through their underlying technology . DGT is just the native token that act as fuel in the blockchain network . it is just a means of monetizing the network , enabling new application and opening new markets in the ecosystem.

DataGrid Blockchain (DGB) envision to solve the existing blockchain and DApps problems . It aims to approach this problem with a new approach which has never implements in the past. Prasaga aims to improve blockchain adoptability and usability both at large and small scale level. Prasaga DataGrid blockchain will achieve transaction latency which suits varieties of commercial use , this includes Point of Sale (POS) . It will also offer transaction capacity that is highly scalable with potential of scaling new resources amount e.g The new Miners Nodes. DataGrid Network will maintain high security with latency . The network will further be used as an open permission less blockchain network .
DataGrid will offer support for multi-signature schemes and the newly invested ones. Another useful features of DGB network is the decentralizing all areas of blockchain management . DataGrid blockchain will also providing system for enforcing external rules like KYC .

DataGrid Token (DGT)

DGT is the native currency of DataGrid blockchain ecosystem . It is the network token that fuels the network operations in DGB blockchain . DGT is a mineable coin just like Ethereum token . DGB network uses DGT token as Gas just as Ethereum network uses ETH as gas . Block producers known as Miners create new DGT coin as reward for producing blocks in the network. DGT monetary system is well designed and offered stability and improvement in DGT economic activity .
DGT is quite different from Ethereum based token which are smart contract token . DGT is the native token of DataGrid Blockchain (DGB).It is not a smart contract supported token . DGB chose not make their token smart contract supported because in the nearest future such Smart contract powered token will become obsolete. #Prasaga #DGT #Blockchain #Crypto

Conclusion ,

DataGrid blockchain has emerged to redefine blockchain networks. DG has been developed to solve the existing problems in the blockchain networks. Prasaga DataGrid blockchain has emerged to proffer a lasting solution to all these problems. Prasaga blockchain network has incorporated the components of Proof of Work (Pow) and Proof of Stake (PoS), Open permisionless architecture , open source code , Staking , Verifiable Random functions and lots interesting features.

Prasaga Official Links

Website: https://www.prasaga.com/
Whitepaper : https://www.prasaga.com/ecosystem-whitepaper/
Twitter: https://twitter.com/PrasagaOfficial
Telegram: https://t.me/prasagaofficial
Facebook : https://www.facebook.com/prasagaofficial
Linkedin : https://www.linkedin.com/company/prasaga/

Writers info
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