As we are all aware that technology and innovations are in continuous development in our present age, the advent of the blockchain technology has also being a form of acceleration to this technological advancement.
The technology was introduced to the world by Satoshi Nakamoto about ten years ago and ever since then, we cannot deny the tremendous improvements that have happened in the technological space. Several sectors of the economy are now seeing reasons why they should adopt the technology and as such, we now have several blockchain platforms with each of them with a particular solution they want to offer.
But as the blockchain technology is still at its very early phase, we cannot deny the fact that there are some problems surrounding the technology that is hindering its development hence, the need to find lasting solutions to them.
As numerous as blockchain projects seems with each of them having their own different solutions, its unfortunate that most of these projects and technology only work independently without any platform that can combine their functionalities together in order of yielding better results and adoption by the masses.
It’s in lieu of this that the EtherZero has stood up against this challenge through its platform.
Etherzero is a smart contract development platform with zero transaction fees which answers the demand of serving multi-smart contract and other blockchain needs and also have unique properties such as high transaction processing capacity and near real-time transactions.
EtherZero has a new version (Etherzero 2.0) which has several advantages such as;
- New consensus mechanism
- Full authority to handle all transaction verification and packing block work
- Detailed design and implementation of power mechanism to support dynamic network resource configuration.
Etherzero mission is to promote further the mass adoption of blockchain technology, and this they can achieve through the hosting of multiple killer platforms and their application on EtherZero.
The Etherzero platform charges no fee for basic operations like registration, login, browsing, collection, sharing, search and other small operations I order to support the development and business operations of decentralized applications.
Another very exciting feature of this platform is the high security level protection on it. Threshold of the masternode makes it very expensive to launch an attack because when the total number masternodes are 3000, the hacker therefore needs to have control of 2000 masternodes which is close 40million ETZ which makes hacking very unrealistic.
Block Parameters
- Block generation time: 1s;
- Block generation reward: 0.45 ETZ;
- Reward allocation: 75% distributed equally to the online master node; 25% for the community
budget.
CONCENSUS PARAMETER
- The EtherZero 2.0;
- Consensus mechanism: MPoS;
- Voting period: around 1 hour;
- Signature algorithm: Secp256k1;
- Hash algorithm: Sha256;
- Number of blocknodes: 21, each voting period is randomly rotated from all the masternodes according to the algorithm;
- Required different block masternode/number for final confirmation: 15
ETZ has an initial supply of 194million while 97million distributed at the ratio 1 to 2 to all ethereum holders after the fork while the remaining 97million ETZ is meant for private placement of early investors and development of the platform.
Conclusion
EtherZero isn’t just any random blockchain project; it was developed mainly to bring real solutions and advancement to the blockchain technology. Judging by the level of professionalism and experience of the team, then it’s obvious that this project will surely achieve its main mission of mass blockchain technology adoption.
For more information and enquiries, please check the links below;
Website: http://etherzero.org/index.html?id=2
Ann thread: https://bitcointalk.org/index.php?topic=260756.0
Telegram: https://medium.com/bottos
Facebook: https://www.facebook.com/EtherZero-554760518194015/
Twitter: https://twitter.com/etherzero_org
My Bitcointalk username; amusanmikel2
Bitcointalk link; https://bitcointalk.org/index.php?action=profile;u=2305577