Edgeware
Edgeware is a decentralized, high-performance smart contract platform built using Substrate, a modular framework developed by Parity Technologies. It aims to provide a self-upgrading blockchain with on-chain governance, treasury, and decentralized proposals. Edgeware is designed to be easily upgradable, allowing it to adapt to changing technological landscapes without requiring hard forks. This is accomplished through WebAssembly (Wasm) smart contracts, which are designed for speed and flexibility.
Key features of Edgeware include:
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On-Chain Governance: Edgeware utilizes a sophisticated on-chain governance system, allowing token holders to propose and vote on protocol changes, treasury spending, and other important decisions. This system typically involves mechanisms for submitting proposals, staking tokens to signal support, and voting periods with defined thresholds for approval.
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WebAssembly (Wasm) Smart Contracts: Edgeware utilizes Wasm for its smart contract environment, enabling faster execution speeds and greater flexibility compared to traditional virtual machines. Wasm also offers the potential for multi-language support, allowing developers to write contracts in languages like Rust, C++, and others that can compile to Wasm.
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Treasury: Edgeware has a treasury funded by block rewards, transaction fees, and other sources. This treasury is managed by the on-chain governance system and can be used to fund projects that benefit the Edgeware ecosystem.
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Self-Upgrading Blockchain: Edgeware's architecture is designed for seamless upgrades without requiring hard forks. This allows the blockchain to adapt to new technologies and address vulnerabilities without disrupting the network. Upgrades are proposed and voted on by the community through the on-chain governance system.
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Decentralized Proposals: The Edgeware network supports a decentralized proposal system, allowing users to suggest and vote on various initiatives. These initiatives can range from technical improvements to community-driven projects.
Edgeware's governance structure is designed to be highly democratic and participatory, empowering token holders to shape the future of the network. The combination of on-chain governance, Wasm smart contracts, and a self-upgrading blockchain aims to create a resilient and adaptable platform for decentralized applications.