LayerEdge Crypto: How It Works, Tokenomics, and the Recent Prices

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In the ever-evolving world of blockchain, the need for a secure, decentralized, and efficient verification system is becoming increasingly crucial. LayerEdge comes as an innovative solution by leveraging the power of Bitcoin security to create a global layer of trust that can be accessed by various protocols. This article will take a comprehensive look at how LayerEdge works through its modular architecture, details on the distribution and utility of EDGEN tokens, and a recent price update that provides a snapshot of current market conditions.

What is LayerEdge?

LayerEdge is a global verification engine that turns Bitcoin (BTC) into the foundation of security for the internet.

By verifying various off-chain computational processes-such as rollup state transitions, Zero-Knowledge (ZK)-based applications, AI inference proofs, data verification from IoT devices, and embedding final proofs into the Bitcoin network-LayerEdge creates a truly decentralized layer of trust that can be leveraged by various protocols. This makes Bitcoin’s unparalleled level of security accessible to all.

Simply put, LayerEdge transforms Bitcoin’s role from a passive financial ledger to a cryptographic layer of trust capable of verifying computations without having to execute them directly.

LayerEdge Price in the Last 7 Days

layeredge price

LayerEdge (EDGEN), a crypto project focused on transforming Bitcoin into a global internet security layer, is currently trading at $0.005427, recording a decline of 5.2% in the last 7 days. Despite a significant price spike, the chart shows that EDGEN’s price experienced a gradual decline after peaking during the past week.

As of October 17, EDGEN’s market capitalization stands at $956,344, with a relatively high daily trading volume of $6,604,646, indicating that there is quite active transaction interest in the market. EDGEN’s total supply is listed at 1 billion tokens, with 176 million tokens circulating in the market. If all tokens are in circulation, the fully diluted valuation of the project is estimated at $5,433,772.

Tokenomics LayerEdge

EDGEN is the main utility token supporting the LayerEdge ecosystem and has a total fixed supply of 1 billion tokens. The distribution of these tokens is strategically designed as follows:

  • 46% allocated to the community through airdrops and events
  • 22% given to core contributors
  • 15% used for ecosystem development and research & development (R&D)
  • 12% funded foundation (Foundation)
  • and 5% goes to early backers.

Users can earn EDGEN tokens by running edgenOS lightweight nodes on their devices, which contribute to the network’s distributed verification system without the need to use specialized hardware.

At the initial stage, only a portion of the community allocation was circulating in the market, specifically for Airdrop I and initial liquidity.

How does Layeredge Work?

how layeredge works

  1. LayerEdge consists of four main modular subsystems, each with a specific function in building a robust and decentralized verification infrastructure:

  2. Verification Layer

Placeholder polylang do not modify

  1. General Aggregator/Verifier
  • Recursively combine evidence using circuits like Halo2, Nova, or Spartan
  • Using binary tree structure or batch fan-in method to reduce recursive depth
  • Produce one final πₐgg proof that represents the validity of all previous calculations
  1. Data Availability Layer (DAL)

Placeholder polylang do not modify

  1. Bitcoin Anchoring Layer
  • Embedding the final proof of πₐgg into the Bitcoin network using script-level logic
  • Guarantees immutability, protection from censorship, and high economic finality
  • In the future, support enhanced modular anchoring using OP_CAT

With this modular architecture, LayerEdge strengthens its position as a decentralized verification system that various blockchain protocols can rely on.

Disclaimer This content aims to enrich readers’ information. This information is collected from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

EDGEN-3.89%
BTC1.3%
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