Prasaga AMA Summary with Decentralized Club ✔️

Dear, Community,

Welcome to the recap of our AMA with Prasaga.
Our vibrant and enthusiastic community had a lot of questions to ask. To those who want to know quickly what Prasaga is about, we are sure this recap is gonna help you. So without further ado, continue reading 😉

✔️Introduction with Prasaga :👉

BILLY | Decentralized Club:
Q1. Can you guys please introduce yourselves and also tell us a bit about Prasaga? @TheJayMoore @michaelholdmann

Michael Holdmann I WILL NEVER DM FOR DATAGRID TOKEN SALE.:
I am Founder & CEO of Prasaga. I have been involved in technology sector in Telecom, Network, Internet, Software for 5 decades my focus 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 everywhere to 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:
My name is Jay Moore and I am a massively parallel entrepreneur, Prasaga marks my 12th new venture, I have enjoyed creating everything from an ISP and a design firm to a franchise restaurant chain and game streaming middleware.

Of my ventures in video games, my largest success was 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.

Prasaga 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 this project for 3 years and now we are very excited to tell the chance to share with Decentralized Club community about Prasaga and the DataGrid Blockchain. Someday I predict you will tell others you heard about Prasaga before they had even launched on DeFi pools.

About Prasaga
Prasaga is a Foundation based organization that is authoring the DataGrid Blockchain. A new native chain and coin project, embracing developers, miners and token holders.

We have been building Prasaga in a way all of our careers, but we began in earnest in Sept. 2017 and apart from a $850k token round we got in Spring of 2018 we’ve self-funded our R&D over the last 2+ years. We are passionate about this project and have invested a great deal of life energy into bringing it to you today.

BILLY | Decentralized Club:
So we have Michael and Jay in Prasaga both having tremendous experience in running startups before!

Q2. What is so exciting about Prasaga that we should know about?

Jay Moore:
We have changed how blockchain scales!

Your phone, your computer, and your smartwatch all have operating systems that make it easy to develop for and to use.Easy is good. But the blockchain is anything but easy. We need the blockchain to be easy. Easy to use. Easy to develop for. XBOM makes it easy to develop for and to use the blockchain.

BILLY | Decentralized Club:
Exactly..if we are hoping for mass adoption of blockchain then we need guys like you who are making it easier and simple for people to adopt it 😊

Q3. Which are the most important achievements in 2020 for Prasaga?

Jay Moore:
We have filed patents on all our key technology inventions to protect them for us to contribute to everyone. We have launched XBOM testnet on HyperLedger. We have published our Technical Whitepaper. Now most importantly we’re staring to ramp up our DataGrid Collaborative and working to build our community following.

BILLY | Decentralized Club:
Q4. Finally, any sneak peek into 2021 plans for Prasaga?

Jay Moore:
This will be where we bring on larger teams of developers to build out our blockchain, support our efforts on HyperLedger and provide support for educating developers on building on an object oriented blockchain.

We will be launching our DeFi token sales starting with our 96 hour Balancer Liquidity Bootstrap Pool that will ensure humans can compete with bots in setting the true market price of the DataGrid Token (DGT) and then launching our year long initiative on DeFi to raise the additional capital needed to get mainnet live and The DataGrid Collaborative established around the globe.

BILLY | Decentralized Club:
Can you kindly elaborate a bit on the 96 hour balancer liquidity bootstrap pool ?

Jay Moore:
Sure

We are using this in order to help humans compete with bots and will establish a fair market price. It lets us to change the weighting so that the price drops gradually and then the finding where humans want to participate.

We will be posting some Medium articles on how this works.

BILLY | Decentralized Club:
Okay cool 😎

🐧Community ask Questions by Twitter ✔️

BILLY | Decentralized Club:
Twitter question no 1. (Prettyboy07)
Username : @Prettyboy071

Every successful project has a few stories behind the scenes, what’s the story behind Prasaga success? What was that vision when it first emerged as an idea? Are there any special prototypes or upcoming Prasaga updates that you want to share with us?

Jay Moore:
The first moment was rather a challenging one when we were all at an executive retreat with our technical and business team and a large group of advisors and we were asked “How will you solve for scaling?” We said we already to that with our message bus and we quoted our insane high speed of transactions. And they said “no scaling the blockchain.”

We had been lead to believe that there were projects who had roadmaps to solve for the scaling issues and we’d just pick the best one, Solona, EOS, Hashgraph, we knew by then that IOTA wouldn’t work for us, but we looked into dozens of projects Eth 2.0 and realized that none of them would be able to succeed with the approach they were taking.

While David and our team had many small break throughs the Eureka moment came on Easter morning 2019 where the ah ha behind all of XBOM was born. As that has come out on HyperLedger the power of having an object oriented operating system on the blockchain and all the developer advantages have continued to mount. If you goto https://www.xbom.io you will find our testnet running on HyperLedger.

We will have some exciting announcements about the DataGrid Collaborative and our Labs as well as partnerships coming soon.

BILLY | Decentralized Club:
Twitter question no 2. (John Williams)
Username : @Ontortk

What are the most notable benefits for users who buy DGT and hold them? Where I can buy DGT token, does DGT available at any exchange?

Jay Moore:
Q) What are the most notable benefits for users who buy DGT and hold them? Where I can buy DGT token, does DGT available at any exchange?

A) Buying $DGT and holding them IS the benefit.

It benefits YOU as you will realize the full potential of the value growth as the mainnet and economy grow.

It benefits the COMMUNITY, as it protects the token from massive dumps and value depletion

It benefits the WORLD, as it allows the project to fully complete and deliver a stabilized Global currency that allows easy and safe transaction in a truly global economy

We will be announcing our community pre-sale shortly, we are seeking whitelist and KYC/AML partner now. In the meantime we will are taking orders from larger funds through SAFT/TPA agreement.

We will start on Balancer Finance in a 96hr. LIquidity Bootstrap pool and then open 12-month Defi liqudity pool campain, this will be a Dutch Auction style program similar to EOS token sale.

BILLY | Decentralized Club:
Twitter question no 3. (Thuý Diễm)
Username : @thuydiemnn

What has been the biggest technical challenge that you overcame this year? what is it that makes your solution better others similar projects

Jay Moore:
Q) What has been the biggest technical challenge that you overcame this year? what is it that makes your solution better others similar projects.

A) Thank you for asking this, that is very easy for 2020 and we are very proud of this major advancement in Blockchain.

eXtensible Blockchain Object Model (XBOM), which allows an Object Oriented Blockchain is that challenge. The results of this innovation is a Decentralized GlobalOS on the blockchain delivering an interface for developer and user as familiar with your smart phone, smart watch and computer.

When fully integrated into DataGrid Blockchain Mainnet, never again will the underlying blockchain technology be of concern to the community of businesses and consumers.

Through an account architecture, a the user will possess (this is not capable in smart contracts) all assets, physical titled, digital, health records, reg compliance certs, identity docs. in their own account on the blockchain protected by a Globally UniqueID.

BILLY | Decentralized Club:
Twitter question no 4. (Mia Isabella)
Username : @shuvoapon56

Can you give me more information about your Roadmap of $DGT? What is your goal for 2020–2021?

Jay Moore:
Q) Can you give me more information about your Roadmap of $DGT? What is your goal for 2020–2021?

A) 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™️)
* Published our Technical White Paper
* Launched XBOM MVP on HyperLedger.
2021: Completing our Private Presale and launching our DeFi pools in a 12 month dutch auction to raise the additional capital we need to complete mainnet and launch the DataGrid Collaborative and regional Labs initiative.

BILLY | Decentralized Club:
Twitter question no 5. (Edward Caro)
Username : @DustyLooooza

Can @PrasagaOfficial’s DGB or DataGrid Blockchain is capable enough to handle and process sufficient transactions?
because that’s the major problem with blockchain these days?

Jay Moore:
The answer is YES, and we have filed for 6 patent applications which allow us to emphatically state that.

We have architected a Blockchain in a way to allow parallel processing of transaction on 100’s or 1000’s of chains.

The point of serialization for the DataGrid Blockchain in the network bandwidth. We utilized Amdahl’s law to identify where parallel processing can be applied and where serialization will take place.

In every other blockchain project in existence today that point of serialization is in the movement of state between shards, for us it is the limits of network bandwidth, we can move state between parallel chains.

Why do you think $DGT token is necessary for your project? What is the main role of $DGT in your project? What are the benefits of holding $DGT in long-term?

$DGT is designed to be a Global Currency used specifically to transact in the economy which is internal to the DataGrid Blockchain.

✍️ Telegram live Questions answered by Prasaga ✔

♔〘ALEX〙♔:
How scalable is your technology for building a blockchain platform for decentralized applications and DEFI, and what is the cost-effectiveness of implementing your amazing technology?

Michael Holdmann I WILL NEVER DM FOR DATAGRID TOKEN SALE.:
Q) How scalable is your technology for building a blockchain platform for decentralized applications and DEFI, and what is the cost-effectiveness of implementing your amazing technology?

A) Hi Alex. We have worked tirelessly on the issue of scale in blockchain. Having been involved with scaling before (we wrote the algorithms for dynamic load balancing of the internet in 2000) we looked to apply different mathematic and computer laws to the to our technology.

We scale to the limits of the network bandwidth, we are not serialized at the individual shard.

For applications in multi-sided marketplaces (think ebay, amazon, nasdaq) of which DeFi and decentralized exchanges (DEX) would be, we create an enviroment that does not need the center smart contracts to manage the two smart contracts on each side of the pool.

This reduces many costs from intermediary/custodial fees, stabilized GAS fees etc.

The hot new term in crypto is “YIELD FARMING”. Why did this get so hot right now? Do you have a plan to develop the Yeild Farming system?

Sindent ymuier:
The hot new term in crypto is “YIELD FARMING”. Why did this get so hot right now? Do you have a plan to develop the Yeild Farming system?

Jay Moore:
Getting attention in a noisy market and adding incentives to attract traders is the core of why Yield Farming is so hot.

We have been watching this new trend and looking for stand out approaches that make it both easy to participate and have integrity to the incentives — create a reward tied to the token value in the over all market.

Many are primarily ways to get lots of pairs setup for arbitrage and don’t actually contribute to the long term token value.

You see some of this behavior on CEX exchanges with market makers and they create artificial demand. Our goals will be to put incentives into the staking and farming, but not try to build incentives to escalate pump and dump cycles.

We are drafting our plans and will announce our approach before we launch on DeFi, we expect to continue to innovate as the market changes over the coming year.

❤️ Ⓖ Ⓛ Ⓐ Ⓓ Ⓤ Ⓢ Ⓗ Ⓚ Ⓐ ❤️:
What does the Prasaga team think of a public network with privacy features? Many public networks are considering adding a privacy puncture, will Prasaga develop in this area?

Michael Holdmann I WILL NEVER DM FOR DATAGRID TOKEN SALE.:
Q) What does the Prasaga team think of a public network with privacy features? Many public networks are considering adding a privacy puncture, will Prasaga develop in this area?

A) This is a necessary function in the DataGrid Blockchain design. One of the classes we are currently building is class ZK. This will allow anyone to apply ZK protection to any of the individual objects (assets) in their account by just dragging and dropping the class ZK object.

By applying this and other capabilities, there can be anonymous private chains that contribute hashpower to the overall security of the public chain, without reveling state of there chains tranactions.

GJK:
What is the role of the community in the governance of the your crypto ecosystem in order to be able to call it community driven? Which members of the community canj participate in the decision making?

Michael Holdmann I WILL NEVER DM FOR DATAGRID TOKEN SALE.:
Q) What is the role of the community in the governance of the your crypto ecosystem in order to be able to call it community driven? Which members of the community canj participate in the decision making?

A) This is one of the main concerns we had in design of the overall ecosystem and another reason it was 3 years in research and design of the project.

The founding team believes that we should not be involved in the oversight of the DataGrid Blockchain and believe with our design, should realize that within about 4 years from mainnet.

We have to bootstrap the initial structure however, we also DO NOT believe code is law, been doing this for 5 decades and have seen too many failures with this attitude. Rather, governed code IS law and that is how we designed the DataGrid Blockchain.

To enable one person one vote we rely on the XBOM tech, where YOU have an account on the blockchain, protected by a Unique 512 bit string. In this account you can hold any identifying certificate that issued by a accepted authority that proves you are a identity anonymously, we dont need to know who you are, only that you have the right to participate in the transaction.

Prasaga Foundation has created a system of recommendation bodies that will have subject matter expertise in matters of money supply, incentives, economics, technology which will recommend to the community a change in the system. NO changes are implemented without Majority or Super Majority of the community voting for the change.

❄️ Decentralized Kitties ❄️:
Hi Jay
Lots of angel Investors available in Decentralized Club Community, and many projects on the High-DeFi end has turned out to be a bad investment for us.
How can you guarantee our investment is secured and success with $PRASAGA ?

Jay Moore:
First WE CAN NEVER GUARANTEE any new venture that does is a scam or is violating most security laws here in the US.
We can tell you we’re not going to do a rug pull or walk away when things get hard — we would have already done that for us some of the hardest parts are behind us.

One thing about dealing with “veterans” us older people, we have built successful and some less successful startups before is we have a different approach. We don’t just have a great idea and go promote it, we’ve figured out all the hard parts and proven it will works before we tell the world about it.

Like any investment you have to believe in the team and believe in the purpose and their ability to execute. Our team has an amazing track record we’ve contributed to the technology that makes it possible to be in this very chat and we don’t want the greatest opportunity to leave a legacy to pass us by.

As for our purpose we want to create a better world to do that we need to have a scaling, secure blockchain infrastructure that is easy to build on and with the right monetary governance is critical for building the future that blockchain promises.

if we wanted to create a scam there are much easier ways to do that than what we have put our own money and valuable time into the DataGrid Blockchain. Could we fail, it is possible, but we are tenacious and will not let this advance go without a long hard fight and working to get everyone who wants to support us involved in our community.

✔️Thanks to all of our Community Fans✔️

Have a Great Day

Edited by : 🌿DK✍️

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