Ether Data started with a unique consensus system


Los Angeles, California – (Newsfile Corp. – August 6, 2021) – Robert Bo Collins, CEO of Mercantile Bank International, and cryptologist Nikolay Tasev have announced the launch of Ether Data. It is a new cryptocurrency token that promises environmental sustainability with economic development.

The unique technique developed by ETD helps solve scientific computation problems and provides consensus beyond accounting in the blockchain industry.

ETD (Ether Data) is a decentralized general purpose computer system based on the Ethereum Smart Contract. It comes with relational storage and secure computing technologies from DSB (Disk Storage Banking).

The architecture is a practical, powerful blockchain network with a unique PoW + DSB PoS consensus mechanism. This design aims to achieve the flexible growth of distributed applications to meet the performance criteria of:

● Institutions involved in research projects
● Storage
● Computer requirements for web apps
● Economic requirements for web apps

These technologies support the Berkeley Open Network Computing Platform (BOINC) and other scientific computing platforms by providing public computing capacity. It also follows the increasing trend of combining industrial applications, talent training, open source systems, incubation accelerators, etc. As a result, blockchain systems can be simpler, cheaper and more versatile in the selection of application components.

The unique consensus system in Ether Data

ETD uses the consensus approach Proof of Computation-Storage, 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 designed to optimize the use of primary resources such as:

● Models of distributed computing
● Distributed storage models
● Two-way data protection requirements for P2P peer-to-peer models for logical network communication (bandwidth).

The public ETD chain is designed as an efficient, high-performance blockchain platform and uses the new PoW + DSB-PoS blockchain architecture. This is done to increase the performance of distributed programs to meet the demands of the real world.

Why does ETD have a unique booth in the blockchain industry?

ETD is the result of the union of two ideas: distributed computing and time-based banking. The basic idea of ​​time-based banking was that everyone’s time is equally valuable. A bank’s time-based currency conversion certificate only registered the time, not the price.

As a result, everyone could contribute two hours in exchange for the same time from others in the future. Here are some of the unique features of ETD that set it apart in the blockchain industry:

Overcomes the challenge of expensive R&D and application development

The high costs of R&D and software development are one of the obstacles to the industrial adoption of blockchain technology, especially public blockchain. ETD’s public chain enables companies to develop a range of applications and programs based on ETD’s ecological network by providing:

● Reliable and efficient infrastructure
● Standardized and modular application plug-ins
● And fully prepared advice on technological and business standards.

Improves business efficiency in various industries

ETD is committed to accelerating the adoption of blockchain applications while supporting high quality growth in conventional industries. ETD will bring together high tech technology and innovation like artificial intelligence, big data, virtual reality etc. This will optimize various industries like 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 use cases and to support companies in the transition to blockchain. In addition, the company aims to combine blockchain technology with industrial applications to increase productivity and reduce operating costs.

Bridges the gap between scientific laboratories and the web

The crypto company wants to set up ETD General-Purpose Computing Labs worldwide in cooperation with universities and their affiliated scientific research organizations. Here they will provide ETD machines and a complete blockchain node so that research groups who cannot afford expensive supercomputers can access the ETD platform via the node and obtain computing and storage resources.

ETD’s modular technologies enable laboratories to quickly turn their breakthroughs into easy-to-use online apps that serve a larger community. As a result, scientists no longer have to spend the expense of hiring software developers, marketers, and finance professionals to commercialize their research and get compensation commensurate with their efforts.

Ethereum’s approach to an ecological and scientific blockchain

ETD’s technical architecture integrates computing and data storage tasks more efficiently and cost-effectively. It also offers a more extensive system of user privacy and authentication protocols.

In addition, the Ethereum-based smart contract technology is better suited to a variety of computing requirements and enables the establishment of a decentralized, resource-sharing, self-organizing ecological network.

The Ether Data Foundation is dedicated to ecological construction and investment activities based on the ETD blockchain, such as:

It will ensure that all contributors’ tokens are of stable value and can circulate freely. The foundation will also be responsible for future expansion of ETD’s open source software architecture and compliance with ESG (environmental, social and governance) requirements.

Jacob Lakhany
+ 1-650-430-6380
[email protected]

The views, suggestions and opinions expressed here are the sole responsibility of the experts. Do your own research before making a financial decision regarding a crypto business or asset.

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