{"id":5473,"date":"2021-02-07T05:57:09","date_gmt":"2021-02-07T03:57:09","guid":{"rendered":"https:\/\/esatoshi.club\/?p=5473"},"modified":"2021-02-07T05:57:12","modified_gmt":"2021-02-07T03:57:12","slug":"prasaga-x-satoshi-club-ama-recap-from-5th-of-february","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2021\/02\/07\/prasaga-x-satoshi-club-ama-recap-from-5th-of-february\/","title":{"rendered":"Prasaga x Satoshi Club AMA Recap from 5th of February"},"content":{"rendered":"\n

Welcome to another episode of our AMA\nseries. Today we are glad to tell you about the AMA session with our friends\nfrom Prasaga<\/a>, an interesting\nproject with great prospects! A good and confident start, a large team that is\ninterested in the rapid and powerful development of the project. The AMA took place on February 5 and our guests\nwere Jay Moore<\/a>, Michael Holdman<\/a> (Prasaga Founder and\nCEO) and David Beberman<\/a> (Prasaga CTO).<\/p>\n\n\n\n

The total reward pool was 500$ and was\ndivided into three parts. In this AMA Recap we will try to summarize some of\nthe most interesting points for you.<\/p>\n\n\n\n

\n\n\n\n

PART 1, INTRODUCTION AND COMMUNITY QUESTIONS<\/strong><\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Hello\nSatoshi Club! We are happy to announce our AMA session with Prasaga! Welcome to\nSatoshi Club😀<\/p>\n\n\n\n

D. | Satoshi Club: <\/strong>@TheJayMoore<\/a> and @michaelholdmann<\/a> hello! good to see you\nhere! 😃<\/p>\n\n\n\n

Jay Moore:<\/strong> Good\nday!<\/p>\n\n\n\n

Michael Holdmann: <\/strong>Good\nMorning everyone, it is a pleasure to be here. I am very anxious to get\nunderway, looking forward to this.<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong>\nCould you please introduce yourself and tell us more about Prasaga!<\/p>\n\n\n\n

Jay Moore: <\/strong>I am a\nmassively parallel entrepreneur, human connector, and industry insight\nmerchant. In my 25+ years in the video game industry I have spoken\ninternationally and is domain expert on community branding, game development\nmiddleware, startup ecosystems, and new venture and strategic market planning.\nI enjoy successful track record in 12 new ventures with four exits. <\/p>\n\n\n\n

I am most known for being GarageGames\u2019 marketing director\n& chief evangelist, he helped grow a community of 250,000 game developers.\nGarageGames licensed the first AAA game engine for $100 and coining the term\n\u201cIndie Games\u201d and igniting the indie game movement. I believe the future will\nbe massively improved by blockchain, empowered by AI, and driven by an economy\nbased on reaching our full human potential.<\/p>\n\n\n\n

Michael Holdmann: <\/strong>I\nam Founder & CEO of Prasaga. I have been involved in technology sector in\nTelecom, Network, Internet, Software for 5 decades my focus as strategist, biz\ndev, evangelist, and visionary.  <\/p>\n\n\n\n

Prasaga is my 4th start up. I started a mission to create a\nubiquitous, decentralized, open, equitable, technical foundation that would\nallow all everywhere to participate on a global playing field. My first\nendeavor to solve this was an Application Service Provider (ASP) in mid\/late\n90\u2019s, what we call cloud today. For the last decade I have been collaborating\nfor international open standards for the Internet of Things to ensure the\nability for anything to talk to anything or anyone regardless of data model,\nprotocol, platform or provider.<\/p>\n\n\n\n

What I discovered was the need to Decentralize the industry\nto ensure the citizen was in power, not large walled gardens run by the FAANG. This\nis what Prasaga will deliver to the world. The foundation for all transactions,\nfinancial or other.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Guys,\nI am sure with your background you created something extraordinary! Introduce\nus about Prasaga, please.<\/p>\n\n\n\n

Jay Moore: <\/strong>Prasaga\nis a Foundation that is building the DataGrid Blockchain. A new native chain\nthat has a different approach to blockchain than any other to date. We started\nby working on a message server solution for interoperability in SmartCity\/IoT.<\/p>\n\n\n\n

After raising $850k for a full ICO back I 2018 we discovered\nthat there were no block chains that would scale for our purposes. 3 years\nlater we’ve designed, patented (to protect for our community) and proven our\nnew invention by launching the XBOM on HyperLedger.<\/p>\n\n\n\n

Q1 from Telegram user\n@JesusFre1tes<\/strong><\/p>\n\n\n\n

One of the biggest\nchallenges facing many platforms and exchanges today is how to take\nhuman-to-human commerce to new heights of speed, ease and security. What are\nthe solutions Prasaga has proposed to improve current exchange systems? How\nhave you improved and diminished the scalability problems and high transaction\nfees that many users suffer from today?<\/em><\/p>\n\n\n\n

Jay Moore: <\/strong>We’ve\nalways seen a need for innovation on multi-sided markets – our IoT\/SmartCity\ndata marketplace is designed for just such purpose to facilitate both AI\nanalysis and human interaction. There are a few key elements that are enabled\nto evolve on our blockchain platform. As we remove the difficult to develop\nSmart Contract and replace with Smart Asset we’re able to put each asset\ndirectly in your account under your control not just referenced. We can then\nfractionalize assets; we can certify them as well as easily transfer them from\naccount to account.<\/p>\n\n\n\n

Michael Holdmann: <\/strong>How\nhave you improved and diminished the scalability problems and high transaction\nfees that many users suffer from today? Thank you for this question.  The scalability is solved by eliminating\nsmart contracts with a Global Operating System, XBOM we call it.  With XBOM we move all state into the account\n(as opposed to the account referencing the smart contract) this allow us to now\nmove accounts and state between parallel chains.  Smart contract platforms serialize at the shard;\nwe increase throughput by adding resources to the limits of the network.<\/p>\n\n\n\n

D. | Satoshi Club: <\/strong>Thank\nyou for answers!  how do you think, do\nyou have any competitors on this field? does anyone trying to do something\nsimilar as you do?<\/p>\n\n\n\n

Jay Moore: <\/strong>There\nis some research at Stanford that is looking at some similar models, but\nnothing we’ve seen in the market has taken our approach. Our CTO David Beberman\nhas previously written a 1st Class Object Model Operating system and the\ntestnet now running on HyperLedger proves that we’re able to host the operating\nsystem effectively on the blockchain.<\/p>\n\n\n\n

The competitors are more in having built full ecosystems of\ndevelopers. We believe as we create a global network as part of the DataGrid\nCollaborative developers will see the advantages of our solution if they\nrequire scale and ease of use.<\/p>\n\n\n\n

Love a “Blue Ocean” Opportunity. The convergence\nof AI, Blockchain and the demand for more online markets seems to also be a\nperfect storm for developers.<\/p>\n\n\n\n

Michael Holdmann: <\/strong>Yes,\nour eXtensible Blockchain Object Model is an architecture based on a First\nClass Object Model.  This is the same\nunderlying foundational architecture, although modified somewhat, as MacOS X,\nand Windows operating system.  This\narchitecture enables us to create a single instance global class tree and to\nput (instantiate) class objects (assets) directly into the account structure of\neach peron. <\/p>\n\n\n\n

This approach does many things, including limit bugs and\nmalicious code as all object instantiate from same exact copy of code on the\nblockchain.  It takes the need of\nknowledge of the underlying blockchain out for both dev. and user by delivering\na blockchain applications framework. \nThink of it just as an OS on your computer, watch phone etc.  You now only have to know how to write or use\nan app.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Btw,\nI started to read this interview 😉 I think it will also\nhelp our users to understand a lot of things about Prasaga https:\/\/hackernoon.com\/interview-with-david-beberman-presaga-cto-2q1031p0<\/a><\/p>\n\n\n\n

Q2 from Telegram user\n@rhedd<\/strong><\/p>\n\n\n\n

DGT token is a mined\ntoken. It is not designed with a fixed total supply. The intent of Prasaga\nplatform is to sale up to 21B tokens for just 12mons… Don\u2019t you think your\nplatform have a huge supply of token and surely it will reduce the value of DGT\u2026\nWhat will be the big impact into your community and to your platform?<\/em><\/p>\n\n\n\n

Michael Holdmann: <\/strong>Hi,\nwe have done a premise as Ethereum did which we are using in a Dutch auction\nstyle DeFi liquidity campaign.  To fund\nMainnet, list native DGT, and build out our global community collaborative\netc.  The 21bn is a fluid number based on\nthe spot price of the DGT on the market at time of each week unlock, the 21bn\ntoken is assuming a $.005\/token price.<\/p>\n\n\n\n

Our economic model is different than any other, we are not a\ndeflationary economy as we see no way of those being sustainable, everyone just\nends up a race to zero.<\/p>\n\n\n\n

Jay Moore: <\/strong>Also,\nI might add that with our DeFi farming and staking platform we’ll have a larger\nappeal to retail and larger traders to participate in our Dutch auction that\nfor example EOS had. As we’ve gotten more visibility we’re enjoying discussions\nwith much larger fund (Family Offices, Syndicates and crypto funds) looking to\nparticipate in our project.<\/p>\n\n\n\n

We are going to have a Balancer Liquidity Boot Strap Pool\nstarting on Feb. 14th running for 96 hours. (Our price discovery phase).<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong>\nThank you! DGT is your only one token? nowadays is kind of popular add more and\nmore tokens to your ecosystem😊<\/p>\n\n\n\n

Michael Holdmann: <\/strong>We\nare finalizing our staking and liquidity program now.  It will be published after the LBP Feb. 19\/20\nand prior to DeFi pools on Feb 25.<\/p>\n\n\n\n

Past LBPs:<\/p>\n\n\n\n

FURUCOMBO’s LBP announcement: https:\/\/medium.com\/furucombo\/announcing-combo-token-launch-53ea05a68e74<\/a>\n<\/p>\n\n\n\n

Overview of Nsure Network’s LBP sale: https:\/\/nsure-network.medium.com\/nsure-network-tge-balancer-lbp-user-guide-2d61b40f2a7c<\/a>\n<\/p>\n\n\n\n

Step-by-step guide for APY Finance\u2019s LBP sale: https:\/\/medium.com\/apy-finance\/apy-finances-lbp-step-by-step-guide-8a46d9ade88c<\/a>\n<\/p>\n\n\n\n

Post-sale summary of Perp.fi’s LBP token sale: https:\/\/medium.com\/balancer-protocol\/a-new-paradigm-for-token-distribution-c82de13626bb<\/a>\n<\/p>\n\n\n\n

Q3 from Telegram user\n@AmirJosh<\/strong><\/p>\n\n\n\n

To be able to interact\nwith Prasaga, the stakeholder should have an access to IoT smart devices. What\nare the examples of device that considered as IoT smart device? Do smartphones include\non it?<\/em><\/p>\n\n\n\n

Jay Moore: <\/strong>So in\nour early thesis we had built a message server solution that would allow\ndevices to be interoperable. What we’ve built now is far beyond that original\ndata marketplace approach as we have full blockchain. You need a wallet, a\nbrowser or phone apps that will be developed in our community to interact. The\nkey will be the ease of development of these applications that will allow\nconsumers to quickly be doing new things not even knowing they are on the\nblockchain.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Did\nyou already start to develop some apps?<\/p>\n\n\n\n

Michael Holdmann: <\/strong>We\nhave a dev environment and testnet running currently at xbom.io. This is only\nour XBOM technology and it is integrated with hyperledger fabric, a crypto will\nnever be on hyper, so no competition.  We\nare about to release our fungible asset class, and ClassSwap which will use a\nUniswap model to demonstrate how asset swapping can be done with XBOM.<\/p>\n\n\n\n

D. | Satoshi Club: <\/strong>Thanks!\nbtw do you have place for non-fungible tokens in your system?<\/p>\n\n\n\n

Michael Holdmann: <\/strong>Yes,\nthe asset can be used as both fungible and non-fungible.   When you instantiate a class object in your\naccount you define its values, what is it, how many, does it fractionalize\n(spark plugs in supply chain) or is it single use (single owner titled\nhome).  Fully customizable.<\/p>\n\n\n\n

Q4 from Telegram user\n@Rosane1a8<\/strong><\/p>\n\n\n\n

Prasaga claims having\nthe highest level of resistance against any attack, how confident are you about\nthe security system of prasaga and what makes it the very best, is it\ninfallible?<\/em><\/p>\n\n\n\n

Jay Moore: <\/strong>Nothing\nis infallible and if anyone tells you it can never be hacked well you know to\nrun not walk out of the room – Michael is working on a more detailed response.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Exploits,\nhacks… Yes, we all have to be very careful.<\/p>\n\n\n\n

Jay Moore: <\/strong>I\nmight add that as we did a very detailed dive into over 80 projects the\nsecurity issues were some of our biggest concerns. As Dave sits on an\ninternational standards body working group regarding cyber security – so we\nknow too much to be over confident.<\/p>\n\n\n\n

Michael Holdmann:<\/strong>\nThe design of our overall system mitigates many attack vectors, not all but\nmany.  First off is in the class\nstructure itself, everyone instantiates their asset from the same copy of code,\nthis mitigates bugs and malicious code from being introduced by continually\ncopying a bad Smart Contract. Our account system enables every person and every\nentity in the world a globally unique ID made up of 512-bit string, all your\naccount assets and state are subsets of your globally unique ID.  This moves possession of asset from smart\ncontact to your account.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Happy\nto hear, not everyone goes further than ‘trust the code’ words, believe me😉<\/p>\n\n\n\n

Jay Moore: <\/strong>If you\nwant reading material on our Distributed PoW\/PoS we invite you to read our\nTechnical WP. Much of it is dedicated to our security. If you have difficulty sleeping,\nwe also recommend our Tech. WP.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>I\nsee that you really care about security! Btw, did you do any third part audit?<\/p>\n\n\n\n

Michael Holdmann: <\/strong>No.\nour project code is not audited. We are building a new blockchain. It will be\npossible for classes written using the XBOM model to be audited and certified\nin the future. At the moment, there doesn’t exist a firm that is capable of\nauditing XBOM code.<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Got\nit! Sure with further development this firms will appear. 😉<\/p>\n\n\n\n

Michael Holdmann: <\/strong>We\nare here to build a global economy and the heart of that is businesses and\ndevelopers writing apps and doen commerce on the DataGrid Blockchain.<\/p>\n\n\n\n

Q5 from Telegram user\n@meml97<\/strong><\/p>\n\n\n\n

I read that \u201cThe\ngovernance model from Prasaga takes inspiration from modern democratic and\nmonetary policy systems\u201d. So, does this mean that the governance model will be\ncentralized? Will the Prasaga users be able to participate in decision and\ngovernance of the project? If so, on what kind of decisions we will be able to vote?<\/em><\/p>\n\n\n\n

Jay Moore: <\/strong>The\ninspiration is to build off the policy with our algorithms not to have a\ncentral body making decisions. We haven’t gone into detail about our monetary\napproach where we begin as a deflationary token and migrate to an inflationary\ncurrency over 8-10 years. All built on the internal Digital GDP that we can\nmonitor in real-time in order to mint or burn as needed to maintain a stabilized\ncurrency. This is where we’ve consulted with some of the most advanced minds in\nmonetary policy to build out our approach.<\/p>\n\n\n\n

(Michael is working a high level description of our\ngovernance).<\/p>\n\n\n\n

Michael Holdmann: <\/strong>Community\nis empowered in our governance and we are committed to a one person one vote\nwith all decision of Foundation to be implemented only on majority or super\nmajority plenary vote. Community nominated experts will comprise of termed\nrecommendation boards which will monitor things across areas including\nTreasury, Technology, Monetary to propose and present recommendation to\ncommunity. The key will be to have an engaged and educated community.<\/p>\n\n\n\n

Jay Moore: <\/strong>(We\nchallenged ourselves not to go back to any of our prior answers and do this AMA\nin real-time – sometimes our writing is more polished when we pre – prepare).<\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Do\nyou have some articles describing your governance model?<\/p>\n\n\n\n

Michael Holdmann: <\/strong>Yes,\nwe go very deep into it in our Technical WP at prasaga.com. <\/strong>https:\/\/medium.com\/@michael_11858\/how-does-your-chain-ensure-sustainability-15dc5ca2a4e<\/a>\n<\/p>\n\n\n\n

Q6 from Telegram user\n@Indomiekuy<\/strong><\/p>\n\n\n\n

As I learn about your\nproject, Prasaga is trying to control Defi market without using Ethereum\nblockchain, by using your own DataGrid Blockchain (DGB), can you tell us what\nis your monetary policy? And where will we see Prasaga Project in next 2-3\nyears?<\/em><\/p>\n\n\n\n

Jay Moore: <\/strong>First\nwe ARE first coming out on an erc20 based token that will exchange 1:1 for our\nnative token upon launch of mainnet. Our milestones are being to launch testnet\nwithin the next 12 months and mainnet in 18. After that we will be integrating\nour Message Server solution into our blockchain technology. {See prior question\nfor M X V = P x Y in the articles above}.<\/p>\n\n\n\n

This is all under the Foundation and we will be working with\nthe community to build out other key elements and tools for development on the\nDGB.<\/p>\n\n\n\n

D. | Satoshi Club:<\/strong>\nnice plans! don’t you afraid, that maybe “upcoming” bear market would\nchange your plans? or your project has everything to survive tough times and\nrise?<\/p>\n\n\n\n

Jay Moore: <\/strong>Having\nsurvived bear markets we are not overly concerned. We have other ways to\ngenerate revenue in enterprise markets if we have to, but we’d prefer to stay\nfocused and with the monetary support of our investors we’re confident we’ll be\nable to do that. Right now we’re talking to the larger funds to be sure their\ngoals align with ours as we don’t want to compromise the integrity of our\nproject.<\/p>\n\n\n\n

\n\n\n\n

PART 2, TELEGRAM COMMUNITY LIVE\nQUESTIONS<\/strong><\/p>\n\n\n\n

The\nchat was open for 120 seconds; a lot of questions were posted by Satoshi Club\ncommunity. Our guests chose some of them. <\/p>\n\n\n\n

Q1 from Telegram User @Astonroe<\/strong><\/p>\n\n\n\n

On one of your AMA I read that<\/em> “We\ndo not believe code is law. We believe that governed code is law” I do not\nunderstand that what did you mean here. So, would you mind to explain us what\ndid you mean by Governed board here?<\/em><\/p>\n\n\n\n

Michael Holdmann: <\/strong>Hello\nAston, at our age we know one thing which is, we do not know everything.  This is a very complex project to build an\nunderlying global foundation for all transaction, financial or other and we\nknow that as this project matures and externalities that effect global\ncommerce, social interaction etc. change we need to allow for a way that the\ncommunity can ensure progress.<\/p>\n\n\n\n

This is all done of course by majority plenary vote based on\nrecommendations and proposals put forth. \nThese could be changes to values in monetary supply equations, voting\nparameters etc.<\/em><\/p>\n\n\n\n

Q2 from Telegram User @Indomiekuy<\/strong><\/p>\n\n\n\n

What are the different\nbetween XSOA and XBOM? What is the function from them in Prasaga platform?<\/em><\/p>\n\n\n\n

David Beberman: <\/strong>XBOM\nis the infrastructure that creates the metaclass, class and object model on the\nblockchain.  XSOA is a set of classes and\nthe objects instantiated from them to support smart object assets.  That is XSOA is realized by, runs on, and\nuses the XBOM, much the way your applications run on an operating system.<\/p>\n\n\n\n

Q3 from Telegram User @dnddlzo<\/strong><\/p>\n\n\n\n

I have read an article\nand seen saying Prasaga in the future will launch LBP. I am very curious about LBP;\ncan you explain it carefully?<\/em><\/p>\n\n\n\n

Michael Holdmann: <\/strong>Yes,\nwe are also calling it a Price Discovery Pool as that is what is does.  A liquidity bootstrap pool (LBP) is a balancer.finance\nsmart pool product. We fund one side of pool with DGT, the other with a\nstablecoin. The opening weight of the DGT is at 95% and the stablecoin is at\n5%.  Over the course of 96hrs we will\napply weight to the DGT pushing the spot price down.  <\/p>\n\n\n\n

This stops whales and bots from buying early and dumping on\neveryone, as the market now decides when to start adding more stablecoin to the\npool, balancing out the weight and determining the spot price for DGT which we\nwill launch at in the DeFi Pools.<\/p>\n\n\n\n

Q4 from Telegram User @topind7<\/strong><\/p>\n\n\n\n

Can you brief us on\nyour marketing strategy to promote your project and attract users, developers,\ninvestors and build communities as these play major roles in the success of any\nproject?<\/em><\/p>\n\n\n\n

Jay Moore: <\/strong>We\nhave a 9 plank approach of to our community development and promotion. <\/p>\n\n\n\n

1) Publicity we’ve had articles in Hackernoon and\nBitcoin.com and we’ve got another 12-15 in development as well as additional\npress releases. <\/p>\n\n\n\n

2) We’re doing an intensive e-mail marketing approach that\nis yielding a large number of new token purchasers and partner opportunities <\/p>\n\n\n\n

3)We have a team opening up one of our first DataGrid\nCollaborative Labs in Vietnam and gaining us 70% name recognition with all VN\ncrypto traders. <\/p>\n\n\n\n

4) We’ve got an event marketing approach where we’ve spoken\nat Digital Davos 2021, DC-Finance’s High Networth & Family Offices\nBlockchain and Cryptocurrency Conference and BTCMiami <\/p>\n\n\n\n

5) We have a few AMAs we’ve been doing the Satoshi Club\nmarks our 40th AMA (not including our discussions on Clubhouse) <\/p>\n\n\n\n

6) KOL’s are coming to us a few are looking to endorse and\njoin as advisories of course we can’t mention those important traders and YouTuber’s\nuntil we announce their participation. <\/p>\n\n\n\n

7) We’re planning a full suite of promotional efforts and ad\ncampaigns like our Merch store, NFT campaigns and online promotions. <\/p>\n\n\n\n

😍 We have a very high\nresponse community management team coming on board to help us communicate with\nall our new members within moments of them arriving with 24\/7 monitoring of our\nTelegram, Discord, Facebook, Twitter and Instagram channels.<\/p>\n\n\n\n

9) We have a SEO and a Paid performance advertising that\nwill give us highly trackable analytics on all our exposure and the connections\nwe make from those efforts.<\/p>\n\n\n\n

Q5 from Telegram User @AugusS7<\/strong><\/p>\n\n\n\n

You mention that with\nDataGrid Blockchain the quality of life of everyone could be improved, not only\ntoday, but many years in the future, but really in which areas could “our\nquality of life” improve? And how will you not lose validity in the coming\nyears?<\/em><\/p>\n\n\n\n

David Beberman: <\/strong>The\nDataGrid Blockchain itself is about creating as globally scalable secure\nblockchain that can maintain transaction throughput with a large population of\nusers. We targeting supporting billions of users.  This is one aspect of the entire ecosystem. A\nvery important foundation, and has many applications in its own right.  However, another important aspect is creating\na marketplace for connecting devices, data, data users, data applications, and\neven AI algorithms.  This is a general\ntechnology currently known as IoT.  IoT\nhas lots of promise for smart devices, smart cities, smart buildings, smart farming,\netc.  But its promise has not been\ndelivered yet.  A significant reason is\nthat there isn’t a market force behind it driving companies to adopt such\ntechnologies at a high pace.  The DGB\nmessaging system, management through the blockchain, and market place for data\nsources and uses, is intended to create market forces around increasing IoT\nglobally.  As such it will directly and\nindirectly drive quality of life advances around the world.<\/p>\n\n\n\n

Q6 from Telegram User @Astonroe<\/strong><\/p>\n\n\n\n

Prasaga has its own\nblockchain called DataGrid blockchain. But the DGT token built on Ethereum\nblockchain. So, in future what will happened with DGT (ERC-20) tokens? Are you\nplanning for a token swap?<\/em><\/p>\n\n\n\n

Michael Holdmann: <\/strong>Yes,\nupon launch of MainNet and listing of Native DGT, all erc-20 $DGT will be\nconverted 1:1 to Native DGT.<\/p>\n\n\n\n

Q7 from Telegram User @jangrihwa<\/strong><\/p>\n\n\n\n

What are the benefits\nof users or investors following, being involved and becoming Prasaga holders\nand giving 1 reason why Prasaga can surpass other projects?<\/em><\/p>\n\n\n\n

Jay Moore:<\/strong>For us it is important for token\nholders and larger funds to assist us in the seeding identification of key\nentrepreneurs that will launch important projects on our blockchain. <\/p>\n\n\n\n

For example, we are in discussions with a couple funds that\nwant us to launch DataGrid Collaborative Labs in their regions to inspire more\nincubators\/accelerators on blockchain and help get their projects to market\ninternationally. The ecosystem of miners, core blockchain developers and\napplication developers will all be heavily involved in our token. <\/p>\n\n\n\n

Building out our global community will give us network\neffects all built by native nationals in every region using our playbook, but\nalso sharing their innovations.<\/p>\n\n\n\n

Q8 from Telegram User @babynamki<\/strong><\/p>\n\n\n\n

Prasaga uses parallel\ntransaction processing technology, can you please explain more clearly to me\nwhat parallel transaction processing technology is?<\/em><\/p>\n\n\n\n

David Beberman: <\/strong>By\nparallel processing we mean using multiple shards with separate sets of validator\/miner\nnodes to process separate transactions. \nThink of this as divide and conquer. \nThe DGB consensus algorithm enables separate shards to generate their\nown blockchains and then braid them together for long-term security.  At the same time the XBOM and account object\ncontainment model enables multiple independent transactions between separate\naccounts to occur simultaneously on separate shards.  This is logically equivalent to how a\nmulticore CPU operates, and also somewhat how big data algorithms run on large\npools of computers.  The enabling concept\nbehind this is to have the data for each account local to the account on the\nblockchain instead of smart contracts have all of the data for each of the\naccounts in a single array.  In\ncomparison, a smart contract as currently designed, can only process one\ntransaction at a time for any given account, which causes all the transactions\nfor that smart contract to queue up, and can only be executed in a single\nblockchain to maintain determinism, even if the transactions in the queue are\ncompletely unrelated to each other.  We\nspecifically address this with the XBOM account object model and the DGB sharing\nmodel.<\/p>\n\n\n\n

Q9 from Telegram User @Unknown_Mark<\/strong><\/p>\n\n\n\n

So you will allow\nblockchain to reach its full potential, improve identification and voting,\nfinancial services and solving hard challenges in supply chain and logistics\nand a lot more, but I still don’t know how will you do that, this is almost\nimpossible to be done! So can you briefly tell me how will that be possible?<\/em><\/p>\n\n\n\n

Michael Holdmann: <\/strong>Hi\nMark, it starts with moving off smart contracts.  Vitalik stated a few months back, not as many\napps will run on eth 2.0 that everyone wanted. \nThis is because of the serialization of the Smart contract and their\ninability to perform complex tasks. By moving to a Class\/Object model\narchitecture, it is now possible to do complex processes.  Placing all assets as objects into accounts,\nincluding all state we are now able to move accounts between parallel chains\n(shards) and move an object between individual accounts with no intermediaries\nor need for custodianship.<\/p>\n\n\n\n

Q10 from Telegram User @K2ice<\/strong><\/p>\n\n\n\n

When you first started\nthe industry in 2018, you didn\u2019t complete the ICO. Why was this decision taken\nand why do you think that decision is so important for you?<\/em><\/p>\n\n\n\n

Jay Moore: <\/strong>We\nstarted in 2017 with our WP in Sept. We did complete the 1st round of our\ninvestment in 2018 of $850k, we were in the process of having more money\ntransferred in when the fidgid cold of crypto winter hit in June 2018 and by\nAugust we were frozen out of any additional fundraising. We have been\nself-funding and with the tenacity and grit of a team with over 20 new ventures\nbetween us are still moving forward. The decision was to solve scaling on the\nblockchain, we knew it was possible, but we knew it wouldn’t be easy or it\nwould have already been done. All the optimizations we did to our design\nwouldn’t have been the sea change leap in innovation we’ve made without the\nXBOM Operating System for the Blockchain.<\/p>\n\n\n\n

\n\n\n\n

PART 3, QUIZ AND INFO<\/strong><\/p>\n\n\n\n

As usual, for the third part, Satoshi\nClub Team asked the chat 4 questions about Prasaga. A link to a\nQuiz form was sent into the chat. Participants had 10 minutes to answer. 300$ were\ndistributed between the winners. <\/p>\n\n\n\n

For more information and future AMAs, join our Social Media\nchannels: <\/strong><\/p>\n\n\n\n

English Telegram\ngroup: https:\/\/t.me\/Satoshi_club<\/a>\n<\/p>\n\n\n\n

Russian Telegram\ngroup: https:\/\/t.me\/satoshi_club_ru<\/a>\n<\/p>\n\n\n\n

Spanish Telegram\ngroup: https:\/\/t.me\/satoshi_club_spanish<\/a>\n<\/p>\n\n\n\n

Telegram Channel:\nhttps:\/\/t.me\/satoshi_club_channel<\/a>\n<\/p>\n\n\n\n

Website: https:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n

Twitter:\nhttps:\/\/twitter.com\/esatoshiclub<\/a>  <\/p>\n\n\n\n

Our Partners: <\/strong><\/p>\n\n\n\n

Prasaga DGT Token Official: https:\/\/t.me\/prasagaofficial<\/a> <\/p>\n\n\n\n

Website: www.prasaga.com<\/a>\n<\/p>\n","protected":false},"excerpt":{"rendered":"

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from Prasaga, an interesting project with great prospects! A good and confident start, a large team that is interested in the rapid and powerful development of the project. The AMA took place on […]<\/p>\n","protected":false},"author":4,"featured_media":5474,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/5473"}],"collection":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/comments?post=5473"}],"version-history":[{"count":1,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/5473\/revisions"}],"predecessor-version":[{"id":5475,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/5473\/revisions\/5475"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media\/5474"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=5473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=5473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=5473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}