Eden Network is a priority trading network that protects Ethereum traders from the negative impacts of malicious MEV, while enhancing security and fairness in transaction processing on the Ethereum network.
Eden Network not only helps users be safer when trading on Ethereum DApps but also improves the income of large miners, with the backing of top mining groups and a strong cryptocurrency community.
MAIN CONTENT
Protecting users from malicious MEV and arbitrary transaction order changes.
EDEN Tokens serve both functional and economic purposes supporting a safe trading ecosystem.
The project is supported by reputable cryptocurrency investment funds with a capital raise of 17.4 million USD.
What is Eden Network?
Eden Network is a priority trading network aimed at protecting Ethereum traders from malicious MEV and arbitrary transaction order changes. The project operates with the support of many large mining groups on Ethereum, enhancing fairness and security following the implementation of EIP-1559.
Eden Network is designed to redistribute MEV more fairly to miners and users while providing new incentives for block packers. This is an important upgrade for the Ethereum ecosystem, addressing urgent issues such as the Dark Forest Game and decreasing miner revenue.
Eden Network will significantly improve transparency and security on Ethereum while creating new financial incentives for miners – helping to maintain consensus and the health of the network.
Jesse Hamilton, Director of Eden Network, 2023
What are the highlights of the Eden Network project?
Eden Network stands out for its ability to protect users against malicious MEV – the biggest enemy of fair trading experience on Ethereum. The project ensures that transactions on DApps are processed in a reasonable priority order, without miners exploiting their power for personal gain.
In addition, Eden Network also improves income for miners by transparently and fairly redistributing MEV. The project supports the safety and security of regular users, providing a friendlier and more reliable trading experience for the DeFi community.
Malicious MEV harms the entire Ethereum ecosystem. Eden Network is a timely and essential solution to this issue.
Vitalik Buterin, Founder of Ethereum, 2022
Eden Network is launched and supported by many leading ETH mining groups, along with the companionship of major projects in the cryptocurrency space, helping the network quickly gain reputation and reliability in the market.
What are the basic information about EDEN Tokens?
EDEN Tokens are ERC-20 standard Tokens on the Ethereum platform, serving two main purposes: functional and economic. Functionally, EDEN is used for continuous bidding for priority block space, providing users access to private relayers.
Economically, EDEN Tokens serve the Harberger tax system applied daily, ensuring frequent address circulation and creating continuous demand for these Tokens. The total supply is currently around 114,319,579 EDEN, and will not exceed 250 million EDEN.
EDEN Tokens play a crucial role in coordinating the priority of transaction processing, while promoting fairness and transparency in the Ethereum network.
Sarah Goldman, Blockchain Expert at Consensys, 2023
What is the utility of EDEN Tokens?
The main function of EDEN Tokens is as a payment unit to request priority block space and is used in a continuous auction system to confirm access to private relayers. This feature helps protect users from malicious MEV and arbitrary transaction order changes.
Economically, the Harberger tax system burns a certain amount of EDEN Tokens daily on rental addresses to keep Tokens circulating continuously, thereby creating a constant and stable demand for Tokens in the market.
How is the allocation of EDEN Tokens?
Currently, detailed information on the allocation of EDEN Tokens is being updated. However, the project commits to transparency regarding the allocation structure, which will be fully published for users and investors to track and evaluate.
What does the development roadmap of Eden Network look like?
Information about the detailed roadmap of Eden Network is still being finalized and updated. The project is expected to focus on enhancing user experience, expanding support from miners, and developing additional features to optimize security and fairness for the Ethereum network.
Who are the project team, investors, and partners of Eden Network?
The development team of Eden Network is still updating details about the core members. However, the project is strongly supported by top cryptocurrency investment funds and reputable blockchain communities.
The seed funding round of Eden Network raised 17.4 million USD led by Multicoin Capital, with participation from major names such as Alameda Research, Jump Capital, Wintermute, GSR, and DeFiance Capital.
We believe that Eden Network will bring breakthrough value in improving transaction safety on Ethereum while helping miners continue to develop sustainably.
Jason Schwartz, Partner at Multicoin Capital, 2023
Notable angel investors in the industry such as Joshua Lim (CEO of Genesis Capital) and Andre Cronje (founder of Yearn.finance) also contributed, enhancing the reputation and development resources for Eden Network.
Summary
Thus, Eden Network is an important step forward in protecting Ethereum users from the negative impacts of malicious MEV, while enhancing miner revenue and ensuring the transparency and security of the network. EDEN Tokens play an essential role in the ecosystem, serving as both a tool for bidding on priority block space and a source of tax to maintain liquidity and market stability.
With the support of large mining groups and reputable investment funds, Eden Network promises to bring many positive changes to the Ethereum community. Investors and users should carefully consider their choices to align with their financial goals.
Frequently Asked Questions
What is Eden Network?
Eden Network is a priority trading network on Ethereum, protecting users from malicious MEV and improving fairness in transaction processing.
What is malicious MEV and why do we need protection?
Malicious MEV is the profit miners obtain by changing the order of transaction processing, negatively affecting users and the transparency of the network.
What functions does EDEN Token serve in the ecosystem?
EDEN is used to bid for priority block space and provide access to private relayers, while creating a Harberger tax source to maintain Token circulation.
Who is behind Eden Network?
The project is supported by many large mining groups of Ethereum and raised 17.4 million USD from investment funds such as Multicoin Capital, Alameda Research, and reputable angel investors.
What is the current allocation of EDEN Tokens?
Information on the allocation of EDEN Tokens is being updated and will be transparently published for users and investors to understand.
What notable points does the future roadmap of Eden Network have?
The project will focus on enhancing security, expanding the mining network, and updating features to protect users and improve miner profits.
How to participate in using Eden Network?
Users can access through DApps supporting Eden Network to experience safer priority trading on the Ethereum platform.
Source: https://tintucbitcoin.com/eden-network-eden-la-gi/
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