Edgeware

Edgeware is a high-performance smart contract platform designed for the next generation of decentralized applications (dApps). Operating as a proof-of-stake blockchain within the Polkadot ecosystem, Edgeware focuses on being scalable, efficient, and interoperable with other blockchains. Its primary purpose is to support advanced governance systems for seamless community-driven decision-making, enabling the creation of DAOs and funding projects through its on-chain treasury using EDG tokens.

Edgeware's governance model is community-driven, allowing network participants to actively contribute to decisions ranging from protocol upgrades to project funding. This model is facilitated via EDG tokens, enabling stakeholders to vote on various resolutions and partake in the platform's growth and direction. The governance system includes a proposal and treasury system, ensuring transparent and decentralized management, and enabling the creation of DAOs with diverse decision-making processes.

Edgeware utilizes WebAssembly (WASM) for smart contract development, providing developers with tools to create secure and sophisticated contracts. This technology allows for compiling C/C++/Rust smart contracts to Ethereum WebAssembly (Ewasm) and supports the porting of existing EVM smart contracts to Ewasm. By integrating these technologies, Edgeware ensures a robust, secure, and efficient environment for developers aiming to build advanced dApps.

Edgeware offers several benefits, including a self-upgrading and community-governed platform that emphasizes scalability and interoperability. It supports a democratic governance system that empowers its community, utilizes state-of-the-art smart contract technologies like WASM, and assures low-cost DAO creation. These features, along with being built on Parity Substrate within the Polkadot ecosystem, provide a flexible and evolving platform for dApp development.

The Edgeware lockdrop was a unique strategy for token distribution, where participants timelocked their ETH to receive EDG tokens. This method incentivized early adopters and contributors to participate in the network from its inception. The lockdrop facilitated the transition from initial stages to becoming a well-governed and actively utilized chain, setting a precedent for innovative token distribution and community engagement in blockchain ecosystems.

EDG tokens serve multiple roles within the Edgeware ecosystem. They are used for transaction fees, staking, and governance activities, including voting on protocol upgrades and funding proposals. The tokens also play a crucial part in the on-chain treasury system, accumulating with each block and used for various community-driven projects. EDG tokens essentially fuel the platform's functionalities, ensuring a vibrant and evolving dApp environment.