What is EtherZero (ETZ)?
EtherZero (ETZ) is a new generation of smart contract development platform launched by a group of professional DAPP developers to meet DAPP development. It is a hard forked project based on Ethereum framework. The Ethereum’s traditional gas fee system is abandoned by the EtherZero, which makes the transaction of each transaction, including those in the smart contract, costs 0 transaction fee. We think that only the 0 transaction fee of DAPP can truly fall to the ground and meet people’s daily use needs.
In addition to the core characteristics of the 0 transaction fee, EtherZero introduces and extends the Master node from Dash, which enhances the endogenous economic system of EtherZero, which can effectively stabilize and raise the price of this coin and can effectively manage the community.
The network layer of Ethernet is composed of two levels of 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 makes the Instant Pay function was supported by smart contracts, which does not need to wait for more than a dozen pieces of block confirmation (minutes to dozens of minutes).
Transaction Charges in ETHERZERO Platform
The EtherZero Development team has seen the loopholes in some existing Blockchain platforms that charge excessively for any services on their platforms. Etherzero has created improvements in this section. Transaction and Gas fees in EtherZero Platform has been made affordable. This is one of a kind, EherZero has developed a Zero fee platform for their users. Their fee structure has been an attraction for different types of developers to operate on their Blockchain. The Zero transaction fee. The frequent network usage, block validation by each user help in securing the network and prevent from the attackers EtherZero can be used in token payments
ETZ team has created a utility token which will serve as the main engine in driving the ETZ ecosystem. The ETZ will serve several purposes on the platform.
Although, ETZ is known to execute transactions with zero fees, users must hold some ETZ in the wallet to be able to gain POWER which is consumed during transactions. This POWER MECHANISM takes the place of spending money on Gas in the case of ETH transactions.
To carry out a successful transaction on the ETZ network, users are expected to hold a certain amount of ETZ, as low as 0.01 ETZ. POWER is issued to user’s wallet as bonus depending on the amount of ETZ held in such a wallet.
Also, to participate on the masternode of the platform, users must hold a certain amount of ETZ as a criterion from being a part of masternode. Ether Zero is also created with the capacity to achieve a high degree of decentralization with several masternodes with a high processing capacity of processing during 1400 transactions (TPS) transactions per second.
Ethernet network is released for transaction fees.
ETZ will complete the release, increase transaction fees to combat DDOS.
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.
Star’s DAPP application contests will launch long-term reward programs for developers and promote the community.
MY INFORMATION :
Telegram: https://t.me/EtherZeroCN | https://t.me/etz_official