Introduction
EtherZero (ETZ) is a new generation of smart contract platform (public chain) initiated by a group of professional and technical geeks. Its team members are from different countries in the world. EtherZero (ETZ) entity is registered in Singapore. In order to better serve DAPP developers and users, whether it is developing DAPP on the EtherZero chain, deploying smart contracts or user’s service, are all TX fee. In terms of transmission rate, EtherZero uses MPOS structure, enabling TPS to reach tens of thousands of levels. The application of MasterNode enables EtherZero to achieve instant transmission function.
As a global public blockchain network project, EtherZero is developed by the core development team from China and two senior DAPP development teams from India and Eastern Europe to help on the research and development, and at the same time, a numerous domestics and overseas marketing teams work on the promotion and operation of DAPP base layer development platform.
Transaction Fee:
Power is a EtherZero-origin token generated on the MPOS mechanism, which is used to fuel transactions like GAS in Ethereum network, but it’s no tradable and transferrable. All account balance greater or equal to 0.01ETZ will continue to produce Power as the block grows until the Power limit is reached.
Instant Payment:
EtherZero’s killing feature means that it’s unnecessary for developers to worry about network congestion or transaction delay by deploying DApps in our platform. Block generation speed could be lower to 1~3 sec which could reduce confirmation time compared to 15 sec in Ethereum network.
High Scalability:
EtherZero supports very high transaction volumes with fast verifications. Ethereum can only process 13 transactions per second, EtherZero can process 1,400 transactions per second.
Masternode + Proof of Stake:
EtherZero uses MPOS consensus algorithm integrating Master node system with Proof of stake，which make the platform more decentralized and fair, The whole EtherZero network would be more stable when master nodes increase while all master node operators share 9 million ETZ annually.
Autonomous Community Governance System:
Autonomous community governance system(ACGS), referred to simply as the “treasury system”, is a means of reaching consensus on the proposed changes to the network and the development of EtherZero ecosystem finance. Without the need for external funds, everything is created in the EtherZero network, like a budget for developers or community building.
Key Feature
-MPOS structure
-Masternode system
-Autonomous community governance system
-0 TX fee，
meet any requirement of DAPP’s development, arrangement and operation.
-Instant Payments,
is suitable for more trade scene
-High scalability,
allow DAPP to be used by mainstream people
The network layer of Ethernet is composed of two level network: Master Node network and traditional PoW node network: Master Node network is responsible for transaction verification, PoW network is responsible for block packing and synchronization. The unique double-layer network structure of EtherZero make Instant Pay function was supported by smart contract, which does not need to wait for more than a dozen pieces of block confirmation (minutes to dozens of minutes).
At the same time, because the network structure using this feature, the EtherZero will be able to support thousands of, tens of thousands to hundreds of thousands of transaction per second(TPS). Although the Dash coin could achieve the same TPS, EtherZero support Turing complete smart-contract so that it can support the development of a wider range of DAPP.
Compare the outstanding features of ETZ with other virtual currencies
Offers a total of 116 million ETZ
Trading time of 10 seconds
Block size of 2MB
Hardware extraction: GPU
Instant payment: yes
Master Node: support
Replication (TPS): 10000+
Smart contract: yes
ETZ development roadmap
The current EtherZero project development team has about 20 people from different countries with the idea of creating a new master node system. The development team aims at the price of ETZ at 10% of the price of ETH in a short time. Besides, with the master node, ETZ will be able to attract more money into the project with the holding stake to activate the master node is 10,000 ETZ.
ETZ numbers will be distributed as follows: 45% for node masters, 45% for miners, 10% for self-governing communities.
January 2016: Ethernet network is released for transaction fees.
February 2016: ETZ will complete the release, increase transaction fees to combat DDOS.
March 2016: Mobile wallet and DAPP application store will be issued to create benefits for customers.
End of Q1: Maternode will be tested successfully on Testnet.
End of 2nd quarter: Maternode will be tested successfully on Mainnet, will execute transactions on real time, will trade larger than 10000TPS
End of quarter 4–2018: Maternode optimized version will be complete, supporting tens of thousands of TPS.
4Q2019: Star’s DAPP application contests will launch long-term reward programs for developers and promote the community.
Conclusion:
I am pleased to realize that EtherZero is already a product of its predecessor in which the developers have taken into account many indicators, bringing them to the so-called temporary ideal. Why temporary ?! Yes, because the EtherZero platform intends to develop dynamically throughout its time, absorbing new trends in the cryptographic market, as well as focusing on the demand of its audience, satisfying its needs in all directions. Moreover, EtherZero is officially registered in Singapore and has all the necessary legal and regulatory documents. Of course, in order to become more familiar with EtherZero, your review is not enough for you. Therefore, it is better to understand everything by clicking on the links below.
More information :
Website: http://etherzero.org/
Whitepaper: https://www.etherzero.org/ETZ%20Whitepaper%20v2.0.pdf
ANN: https://bitcointalk.org/index.php?topic=2607526.0
Twitter: https://twitter.com/etherzero_org
Facebook: https://www.facebook.com/EtherZero-554760518194015/
Youtube: https://www.youtube.com/channel/UCigdAIUQAHIdj-LnrTG1SVg?view_as=subscriber
Telegram: https://t.me/EtherZeroCN | https://t.me/etz_official
Github: https://github.com/etherzero
Profil btt : https://bitcointalk.org/index.php?action=profile;u=2280022
Eth addres : 0xdDe4F7782EE2fA6e6801CA5C2c610390F0d28ae1
Author :Nakatami