Prasaga DataGrid Blockchain Frequently Asked Questions (FAQ)
Segment 1: Introduction
Could you please introduce yourself And introduce Prasaga to our community?
David Beberman:
Hi, I’m the CTO of Prasaga, the designer of the DataGrid Blockchain consensus algorithms, author of 2 related published pending patents, and several pending patents currently being perfected. Prior to Prasaga, major accomplishments include the implementation of multiple Internet protocol stack modules, and author of a congestion resolution algorithm for wireless communications. 35 years of software architecture and engineering experience.
Michael Holdmann:
I am Founder & CEO of Prasaga. I have been involved in technology sector in Telecom, Network, Internet, Software for 5 decades now focused as strategist, biz dev. evangelist, and visionary.
Prasaga is my 4th start up.
I started a mission to create a ubiquitous, decentralized, open, equitable technical foundation that would allow all to everywhere participate on a global playing field. My first endeavor to solve this was an Application Service Provider (ASP) in mid/late 90’s, what we call cloud today.
For the last decade I have been collaborating for international open standards for the Internet of Things to ensure the ability for anything to talk to anything or anyone regardless of data model, protocol, platform or provider.
What I discovered was the need to Decentralize the industry to ensure the citizen was in power, not large walled gardens run by the FAANG.
This is what Prasaga will deliver to the world. The foundation for all transactions, financial or other.
Jay Moore:
I’m a massively parallel entrepreneur, Prasaga marks my 12th new venture, I have enjoyed creating everything from an ISP, a design firm to a franchise restaurant chain, before my largest success at GarageGames where we changed game development, coined the term “Indie Games” and built a community of 250,000 indie game developers in the early 2000’s.
This is by far the most exciting venture I have ever had the privilege of being a part of to help make a better future for all of us as I see blockchain as the key to so many innovations and improvements to our global quality of life.
We have been working on Prasaga and the DataGrid Blockchain for 3 years and now we are very excited to tell the Cryptoscreen about Prasaga and the DataGrid Blockchain.
Prasaga is a New Native Chain and a New Coin Project, Developers, Miners, Token Holders.
We’ve designed the next evolution of blockchain architecture. A blockchain that actually achieves the promise that all blockchains have aspired to. One that provides the highest level of resistance against attacks. One that rewards its ecosystem of contributors. And, one that, perhaps most importantly, scales in throughput as more resources are added to the network, providing the maximum possible increases in speed.
The DataGrid Blockchain catalyzed by our eXtensible Blockchain Object Model (XBOM) an Object Oriented Blockchain™️ (OOB™️) builds a ledger that puts the coding, execution and settlement of all asset transactions directly onto the blockchain — delivering an evolved approach to Smart Contracts that provides increased speed of development, higher quality, and a future proofed development infrastructure.
The Product suite of Prasaga creates an underlying global foundation for all transactions financial and other while protecting individual sovereignty and ownership/access of all assets and state.
We are currently offering a private pre-sale for our DeFi Liquidity Pool campaign which we will unlock $93M in $DGT over 12-months.
Please DM @michaelholdmann for any questions.
Can you please explain How does Prasaga work?
Jay Moore:
How the business works we are a
Foundation / Enterprise / Collaborative
We have our jurisdicted where the best frameworks are:
Estonia
DGB Labs OU
-Token sale, EU enterprise branch
Switzerland
Prasaga Foundation
• Governance Boards
• Development
• Treasury
• Philanthropic Fund
• masternode support
• archives
USA
Prasaga Enterprise
Prasaga DataGrid Collaborative
– Research Institute for Smart City, IoT, Blockchain, etc
Virtual Accelerator/Incubator w/integration in research studies
Will you add another place in the future? Apart from Switzerland, Estonia and USA.
Jay Moore:
Prasaga in sandscrit means “all things connected”. Early networking.
The DataGrid is like the powergrid allowing all inputs from power generation and delivers it universally to everyone.
What are the differences and usability of DGB and DGT?
Jay Moore:
We’ll try to cover this in more detail in our WPs, but our key differences are we actually scale as more resources are added to the network we go faster up to the speed allowed by the bandwidth available on the internet. We have a next generation currency and we have a very ambitious plan to enable innovators and entrepreneurs all over the globe to solve hard problems with our blockchain and put more applications and data on the DGB.
Is Whitepaper available? If it is available, which is where I have a look and read in more detail about it.
Jay Moore:
Yes. Commercial WP- prasaga.com/overview
TechWP – http://drive.prasaga.com/f/09e2368eabf34b87a6d0/
If there are users or investors who are interested in investing in Prasaga. where can people buy DGT tokens?
Jay Moore:
We are currently in Stage 1 Private Presale and if you DM Michael we can discuss further. We are getting our Discord configured to allow us to launch a community presale before we do our DeFi offerings.
What is the minimum amount to contribute to a private sale?
Jay Moore:
Private Stage 1 is $100k and for Community Presale $5k (which we are whitelisting from our Discord), we will announce when that opens.
Bonus schedule also To Be Announced (TBA).
If the private sale and pre-sale are completed which exchange will you choose ?
Jay Moore:
We will be on Balancer and many DeFi Liquidity Pools (Uniswap, etc)
What achievements has Prasaga achieved so far? Then, what is the next big step for Prasaga to take?
Jay Moore:
A little history on the project
Started Nov. 2017
* Integrate blockchain into IoT message bus
* Commercial WP release March 2018
* Token pre-sale- 850k through May 2018
* Token purchasers asked us to solve blockchain scale
* Research, design finished in Jan. 2019- 200+ of pages, 100,000 word notes documents of all major chains and projects scaling, consensus, economics (monetary supply, tokenomics)
* Wrote design of tech, submitted 4 patent pends
Looked at Smart Contacts
* April 2019 realized it was not possible to scale through sharding with current Smart Contact approach (everyone realizes this now, but too late)
* 2 patent pend. XBOM™️ and XSOA™️
* Design an First Class Object Model, Decentralized GlobalOS and Object Oriented Blockchain™️ (OOB™️)
* State resides with account objects, we can move accounts and all individual account state from parallel chain to parallel chain.
* Launched XBOM MVP on Hyperledger.
Completing our Private Presale and launching our DeFi pools in a 12 month dutch auction to raise the capital we need to complete mainnet and launch the Collaborative.
Segment 2: Questions from the Twitter
A lot of people will want to know what the strength of #Prasaga DGT is but I want to know the weaknesses and problems Prasaga DGT faces ? How do you plan to solve it?
Jay Moore:
We face the same threats as all other cryptos:
* Whales accumulating large amounts of crypto
* Volatility created by speculation
* Inability to create a need other than trading of the token
To solve this we have designed the DataGrid Blockchain to:
* Mitigate collusion and centralization
* Have an economy that is driven by the transactions running on it
* Create a currency based on the productivity of the businesses and activity of the consumer.
Almost all blockchains had there ways to solve the three major problems of blockchains, trust, speed, and cost. How will Prasaga solve it and maintain a position in crypto space?
Jay Moore:
The technical answer is covered in our technical white paper. We have designed a new hybrid consensus approach that allows us to keep the security of a bitcoin proof of work (PoW) with the flexibility of Proof of Stake (PoS) to gain the highest level of speed. Our XBOM actually is the secret sauce that makes our parallelization possible as we’ve innovated a new way to manage transactions on our Object Oriented Blockchain to make programming easier and allow for all types of assets to be kept in your account.
Cost is a different component where we have a new approach to governing and monetary policy where DGT will “Begin as a token to invest in and become a currency to invest with” as we deploy our Digital GDP to set our burn/mint to the economy of the blockchain not external conditions.
We believe if you have the fastest blockchain that is the easiest to develop on and provides a stabilized currency for transactions we will gain a strong lead in the crypto space.
“Data is the new oil”. Prasaga gives an opportunity to create a data marketplace adjusted to the needs of each investor or user. But, how is this data protected and secure?
Jay Moore:
This is a good question. When we speak about “Data is the new oil” this is part of our original business thesis that we know will just be one of the applications our blockchain will solve and we will work with talented entrepreneurs to bring to market.
There are a few working parts to ensuring that Data is protected and secure. We need to ensure the correct device, that the data is coming from that device, that the data is not redirected in transport, that the system receiving the data is the correct system, and that none of the actors in the system have been compromised, hardware or software.
We are creating a foundation for all Global Transaction, financial or other, which includes data for sharing and consumption.
Prasaga ensures each of these steps is mitigated to the best possible level by combining our DataGrid Blockchain, Secure Message Bus, use of Open standard protocols for communications layers and new approaches to randomly verifying authenticity of all. The user is still responsible for the storage and security of the data, we can only offer the best possible tools and practices to assist you.
Segment 3: Free/Live Questions
Telegram User: Prasaga was founded at 2017. How have you been able to survive this longest bear market and continue building and developing cos many projects have died out in this time period?
Jay Moore: We raised a small token round back in May of 2018 once we realized that we had to build a blockchain and not just build on one of the existing ones we went into what we call StarveUp mode, like eating like we did in college, lots of Ramen and surviving on our own savings from prior success. We are very fiercely tenacious and will not give up. Prasaga and the DataGrid Blockchain is our life mission and we want it to become a mission for everyone.
Telegram User: You said that “Our decentralized governance allows One person one vote”. Could you please explain it more clearly? How the Governance work on Prasaga?
Jay Moore: Our governance consists of multiple voting communities segmented by the various components of the financial model. Each voting community uses the one-person-one-vote model as opposed to voting by size of stake. To accomplish this, on-chain identity management is used. The mechanisms used for on-chain voting leverages the XBOM to define type of classes for specific types of voting models. Although our main focus for governance is on the management of the DGT, there are other aspects of governance related to the DataGrid Foundation as well. Our whitepaper provides an overview of some of these concepts.
Telegram User: I read in your whitepaper that any entity can build a marketplace on top of Prasaga, what benefits and tools does the Prasaga blockchain provide and why should they build on top of Prasaga?
Jay Moore: The DataGrid Blockchain is a layer 1 protocol and Decentralized GlobalOS (think MacOS, Windows) integrated into the lockchain created an Object Oriented Blockchain (OOB).
The tools delivered through a Single Instance Class Tree, give the developer and end user a platform where you do not need to understand the blockchain or any specific programming language, only need to know how to find a class through a browser interface you want to add to your account and define your specific parameters to what that may be.
Telegram User: At this point, do you think you need exchanges as a binance to keep growing? Or is it better to forget those things and focus on other activities?
Jay Moore: Great question, we are researching and watching the market direction on which exchanges are desired, we will start on DeFi liquidity pools and as interest from CEX’s grows we will do what is best for community and $DGT stabilization.
Telegram User: Great question, we are researching and watching the market direction on which exchanges are desired, we will start on DeFi liquidity pools and as interest from CEX’s grows we will do what is best for community and $DGT stabilization.
Jay Moore: We have been enjoying discussion with a very wide variety of projects. RegTech, FinTech, IoT/SmartCity, Supply Chain – automotive, aeronautics, and identity. We will support as many projects as developers are looking to create.
Telegram User: A very interesting concepts had been developed by you, can we know what are the differences of the XBOM and XSOA?
Beberman: A very interesting concepts had been developed by you, can we know what are the differences of the XBOM and XSOA? XBOM is the platform technology known as a class manager infrastructure (CMI). XSOA refers to classes that support the generalized concept of assets represented as object in accounts on the blockchain. The XSOA classes are implemented using the XBOM.
Telegram User: Can you give me 3 main reasons why I should invest #Prasaga in the long term? What is the advantage of keeping this token for a long and short term?
Jay Moore:
1) Scaling works
2) Currency is Stable
3) We are building a global community that will build real world solutions on our blockchain.
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