Review on Eden by Stephen Toluwani
Eden is a new paradigm for DeFi
Initially launched on the Ethereum Blockchain was the Eden chain, created as a new paradigm for Decentralised Finance through its scalable solution. Now Eden is on its side chain which is built as a layer 2 solution on Ethereum and has been able to achieve much progress as compared to its initial starting Point. Using a novel Proof of Work model termed PoET, Eden is less of an energy consumer, yet very scalable in it's Defi solution. Eden is changing the paradigms of decentralised finance by creating a chan that is highly interoperable for other Chan's to interact and bridge in their Defi products into it's very own chain. The project is always at the forefront of implementing and ticking every mark they had planned for in it's whitepaper. Just recently, they successfully launched out MoA, a Defi marketplace for it's chain and coupled with the rather small community they have the project is still making raves in the products due. It's become my new Defi breeding ground
Pros
- Eden launch into it's mainchain is seen to be impulsive to reduce the issues it could have faced being directly planted on Ethereum
- It's a scalable solution for DeFi products.
- Security of its chain is done through a novel Proof of Work termed PoET
- It's an interoperable blockchain that allows bridging of assets into the ecosystem
Cons
- It's really a very unpopular option of Decentralised Finance options
- The centralised effects of the platform has its benefits but at the same undermines the true meaning of Decentralization
