Introduction
Source
The revolutionary idea of blockchain is grand, it all started due to the economic challenge that almost brought the world to it knees, economic collapse that was induced by greed, through the minds of corrupt leaders in both government, private and public sectors. The anonymous Mr. Satoshi Nakamoto came up with the idea of building currency on the blockchain (an open ledger on which transactions are permanently recorded), it means that there is no hiding place for fraud because all transactions are transparent. Bitcoin opened up the highway to safe, fast, cheap and secured transactions in 2009. Thereafter, almost before bitcoin gained massive adoption, Mr. Vitalik Butterin discovered how tedious it was to build blockchain, he came up with another groundbreaking concept of smart contract, which allow communities and organizations to adopt blockchain and develop native digital currency cheaply and effectively.
Blockchain arrived with the gospel of immutability of attacks, hence secured network as a result of decentralization of the nodes. Every transaction is executed as a result of consensus, there must be an agreement. Then we had PoW (Proof of Work), PoS (Proof of Stake) and many other algorithm consensus being used on other blockchains. Specifically, Zest is using PoS algorithm consensus due to its immutability to 51% attacks, and eco-friendliness, it consumes less energy unlike PoW.
In The World of Masternodes, What Is The Role of Zest?
A Masternode’s coins act as collateral ensuring their owners are compelled to approve only valid transactions or risk having their coins reclaimed and holdings devalued. This method of protection, combined with staking ensures that Zest’s protocol optimizes security and suppresses network attacks. page 4, Zest whitepaper
In year 2017, the word masternode came to limelight, thanks to Dash, every cryptocurrency enthusiast and speculators began to pay for virtual servers where masternode can be hosted so it can stay online 24/7. Masternode was adopted due to outrageous amount of reward that comes with owning it, in the later part of 2017, several developers began to see it as opportunity to pull exit scam on unsuspecting investors. In early part of 2018, the scam became obvious and everyone lost interest.
Zest Solution
The unsustainable reward of masternode is unarguably the reason why many projects failed, Zest is aware of this industry challenge and is ready to set reasonable RoI (Return on Investment) for stakeholders, and everyone that own masternode on virtually run servers. Zest is actually lowering entry barrier to owning mastermode, investors are expected to have minimum of 2500 zest coins which is less than $1,200 based on current price.
More Than Masternode
To us cryptocurrencies shouldn't just lower the barrier to money for those who want it, but those who need it too. [Zest Whitepaper]
Zest has developed decentralized autonomous community that helps humanity on the blockchain, there are several communities with different vision and mission to help anyone in need as the masternode pool is divided into;
- Rapid Relief Pool
- Club Zest
- Accelerated Athletic Pool
- Prosperity Pool and
- Scholar's Club
souce: zest whitepaper
How It Works
Charitable cause can be nominated by masternode owners to others within the same pool, it is vetted by Zest Inc for verification, then it will be made available for voting. Similarly, individual who do not own Zest coin can nominate charitable cause that can be verified by Zest Inc, it will be submitted for community voting. Stakeholders have the option to abstain, vote for or against it.
Zest would be converted to bitcoin or fiat and transferred to recipient organization. For transparency, transaction hash will be made public as proof that funds are properly allocated to correct organization.
Conclusion
Zest ecosystem reward investors for participating in the community actively and helping human race through donations to charitable causes. The stakeholders help in stabilizing blockchain and maintaining value of Zest coin. The community is active both on discord and telegram, you may want to ask any question, the developers would be glad to answer it.
Partnership With Airwire
Airwire is a revolutionary project with patent pending idea, what do you think about sending digital assets to anyone in any part of the world without having to use wallet address? It sounds cool, right? Yeah, it is. You simply request for phone number, email address, then send Airwire token as text message or mail it via address to recipient. What more? You can send using QR code or social media.
What Does It Mean?
It means mass adoption for the entire cryptocurrency and blockchain ecosystem, almost everyone is on social media, but not everyone has adopted cryptocurrency yet. Airwire is eliminating the ambiguities by making transaction easier than ever before.
If you can transfer fiat, you can transaction with Airwire.
Cryptocurrency is for everyone, try out the cool feature on Airwire website. The new partnership with Zest will bring about increase in value of both project, who knows, soon enough, we may be able to send and receive Zest coin without using wallet address.
Zest Team
Road Map
Technical Specifications
For More Information About The Project
- Zest website
- Zest Whitepaper
- Zest Discord
- Zest Twitter
- Zest Github
- Zest Bitcointalk
- Zest Telegram
You can join live chat on discord server: https://discord.gg/Ks8yzxF
You may want to buy some zest coins to setup the masternode, it is listed on coinexchange.io and cryptopia. Feel free to join ongoing bounty with my refferal link.