Despite the popularity and upward trend of cryptocurrency and blockchain technology in general, developments are always on-going by different projects in order to make the technology of blockchain achieve complete global adoption.
The rate and success of these improvements are pointers to the very fact that this technology is here to stay.
Quickly before I proceed to the project I am to review today, I will like to ask you what you really understand about the blockchain technology. Most cryptocurrency funnily enthusiast do not even have an idea of the mechanism behind blockchain itself, however, I will like to simplify this by telling you that The blockchain technology is an invention that creates a decentralized network based on peer-to-peer protocol networks which allows every computer in that network to become a server making a huge difference to the conventional centralized network.
Just like I said in my first paragraph, the technology ever since it has been invented has been undergoing lot of developments; the advent of ethereum network is among the significant development of the industry which gave birth to the technology of smart-contracts. Smart contracts are computer codes running on top of a blockchain containing set of rules under which the parties to that smart contract agree to interact with each other, when he pre-defined rules are met, then the agreement is automatically enforced.
Ethereum network introduced smart contract to us but Etherzero technology is here to perfect it.
Eherzero is a general smart contract development platform with unique features as smart contract capability which is characterized by zero transaction fees, near real-time transactions and high transaction processing capability.
This platform is a combination of Masternode knowledge, Proof of work double layer network and distributed autonomous architecture nature of DASH coin and clique protocol which is from ethereum Proof of authority Rinkeby testnet.
You might be wondering the reason why this platform was created since we already have the ethereum network, the
rationale behind the creation of the platform to speed up the mass adoption of cryptocurrency by the masses globally.
This will be done through the creation of killer application on a public chain smart contact development platform that will help newbies to understand more about the technology and make it simple and easy to use by them.
Just as we all know that the blockchain technology is still at its infancy stage, most of the projects we have in circulation are still very much in their experimental stage and therefore isolated from each other. Etherzero will serve as a platform to integrate these technologies and provide developers with operating system which will accommodate various technologies.
With the kind of technology that Etherzero has, it can combine, promote and make popular any possible application featured with blockchain technology.
Unlike ethereum platform that has its transaction fee calculated by value of ethers, mining rewards, gas price and gas incurred, Etherzero platform is characterized by using of gas as computational resources measurement while the fee is replaced and expanded by the power mechanism, hence the reason behind its zero transaction cost.
Conclusively, with the technological solution being put in place by the Etherzero platform, it will ensure safe, free and reliable platform for everyone which in no doubt will deliver an excellently new experience of the blockchain technology to the masses, hence, increasing the mass adoption of blockchain technology.
Until next time that I’ll bring more exciting review of this platform to you all, please check the following links for more questions and enquiries;
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
