Era Swap Network leverages the Decentralization and security of Ethereum and the scalability achieved in the side-chain that solves the distributed blockchain trilemma for Era Swap Decentralized Ecosystem.
ESN is consisted of bunches and blocks of Era Swap Ecosystem Transactions. Blocks are produced by Miner, and the collections of these blocks are selected and a Merkle Tree is created. And, the root of the merkle tree is submitted to the ESN Plasma smart contract on Ethereum Mainnet. By this all the transactions happening on Era Swap Blockchain Network are fingerprinted to the Ethereum Chain.
HERE ARE SOME MORE FEATURES THAT MAKES ESN UNIQUE
Day Swappers
Day Swappers is a unique affiliate program powered by Era Swap. It is decentralized affiliate marketing, where Day Swappers bring active users onboard by referring in order to earn rewards.
The new thing available for Day Swappers is that they can now introduce/ Launch any product or services to the community on any of the Utility Platform in Era Swap Decentralized Ecosystem to leverage and incentivize them.
Multi-Level KYC Verification
Era Swap Community completes their KYC Process on one of the DApps Era Swap Introduced, KYCDapp, KYCDApp is a decentralized application for doing KYC of Era Swap Community, it has multiple level and here are the things KYCDApp helps Era Swap achieves.
A) Comply International AML, CFT, FATF Guidelines
B) To restrict participation of scammers, criminals, fraudster, fraudulent participants in Era Swap Ecosystem.
C) It is difficult for an individual to remember wallet address, by completing KYC on KYCDapp users can write their username instead of just wallet address.
Plasma Framework
Era Swap Network is an EVM-compatible sidechain attached to the Ethereum blockchain through Plasma Framework. It allows off-chain processing of Era Swap Decentralized Ecosystem and the transactions and posting only the hash of the bunch to Ethereum. This greatly reduces the high network fee and confirmation time issuesfaced by the current Era Swap Ecosystem DApps deployed on Ethereum.
PoS based Blockchain
PoS based blockchain is more environment friendly with No expensive hardware, No noise pollution, & No excess electricity wastage and air conditioning. Anyone can participate and run Node with the minimum staking delegation of 170000 Era Swap (ES).
Quadratic Cost for PoS Seats
To minimize the centralization due to huge staking in one node, Era Swap introduced a quadratic adjustment scheme in which for huge staking`s on one node the adjustment is also huge.
Therefore, Adjusted Staking = Total Staked — Adjustment
Kami
Kami is also known as The Guardian of ESN Background Process, which runs with the Era Swap Network Node. Kami keeps a very close look on the ESN for any kind of attack taking place. When it senses one, its guardian form gets activated and it does everything it can to prevent attack from taking place.
Merkle Swap
Era Swap Network with Merkle Swap enables users to move their ES ERC20 Tokens to Era Swap Network PoS secured blockchain using user-friendly portal; Merkle Swap, to do instantly confirmed transactions and pay gas in ES itself. User can take tokens back to ERC20 as well, to use their Era Swap (ES) Tokens elsewhere on other DApps on Ethereum that welcomes ES Tokens. User might have to pay gas in ETH and may wait long for transactions to be confirmed.
With Era Swap Blockchain Network and its unique features, Team Era Swap aims to achieve Scalability, Speed and most importantly low-cost transactions for Era Swap Decentralized Ecosystem, without much compromising on trustless asset security of Era Swap (ES) for Era Swap Community.
To know more about Era Swap Blockchain Network, check out Era Swap White Paper:- https://eraswaptoken.io/pdf/eraswap_whitepaper.pdf
To read WHAT MAKES ERA SWAP NETWORK UNIQUE — PART 1, check below link:- https://medium.com/@eraswap/what-makes-era-sawp-network-unique-part-1-c9b9d7728e2e
