Edgeware ($EDG) is an On-chain Governed, Nominated Proof-of-Stake (PoS) Blockchain that available for smart contract and WASM running on parity substrate.
t is designed to apply decision-making process to the runtime of the blockchain, but also to the decision-making processes themselves, in an effort to rapidly generate more effective governance solutions for blockchain platforms.
Participants can vote, delegate, and fund improvements and upgrades through DAOs, economic mechanisms, cryptographic voting systems, and more.
Edgeware emphasizes user ownership and true decentralization through its governance mechanisms and through its unique token distribution mechanism, the lockdrop. Participants in Edgeware’s lockdrop staked a total of 1.1 million ETH and have a voice in the future of the network; their votes and delegations fund network upgrades.
Edgeware users value the platform for its commitment and potential to fulfill this more decentralized and user-owned vision, both for the governance mechanisms as well as its unique token distribution mechanism, the lockdrop, which distributes tokens more fairly in order to achieve more effective and representative governance.
Built on Substrate
Edgeware is built on Parity Substrate, a framework for creating new blockchains derived from the Polkadot project. Substrate implements nearly all the code necessary to launch a working blockchain, including libp2p networking, a WebAssembly runtime, PBFT consensus, and clients for running nodes and proof-of-stake validators. The engineering effort for creating Edgeware is thus limited to building the governance systems, creating well-tested compile toolchains for writing C/C++/Rust smart contracts that can be compiled to Ethereum WebAssembly (Ewasm), and porting over a pipeline for existing Ethereum Virtual Machine (EVM) smart contracts to be run on Ewasm.