Most businesses and large companies today cooperate with each other by concluding transactions with the help of several intermediaries and not always everything is done in strict accordance and have to spend time on eliminating defects, errors or even sue on some issues, as there is not excluded the human factor and you can lose your money or goods.
But fortunately, innovations do not stand still and the emergence of blockchain technology has become natural, which helped first of all to make payments to anywhere in the world without intermediaries in the form of banking and electronic payment systems, leaving the parties in complete confidentiality and safety of their data.
But an even more significant step in the development was the emergence of smart contracts that allow us to set various parameters and conditions under which the parties will be able to interact with each other: buy and sell goods, transfer money to each other, conclude the usual trade contracts. Only all this happens without intermediaries, commissions and without the possibility of deception.
Smart contracts create a new economic model, eliminating intermediary links in the form of a large number of legal papers, pitfalls in contracts. I am actively studying the field of cryptocurrencies and I want to say that intelligent contracts are still at an early stage of development and elimination of errors, since when the network is loaded, the processing fee can be several dollars or the time increases.
And the solution of such shortcomings is offered by a promising and new platform called EtherZero, now we will study it and emphasize the differences from the existing blockchain platforms.
EtherZero is an evolving platform for creating smart contracts where transaction fees will equal zero,with higher transaction throughput. It also allows the creation of decentralized general-purpose applications and uses a consensus algorithm called MPoS, consisting of Masternodes and Proof of Stake.
EtherZero has a web version of the wallet similar to Ethereum and is developed by a group of technical specialists, registered officially as a legal entity in Singapore. To become a masternode it is necessary to have at least 20 000 ETZ on the balance sheet and the distribution of remuneration is as follows: 45% goes to the main node, 45% to miners for each block found and 10% to the autonomous community.
Such a system looks much more stable and has a high bandwidth, allowing transactions to be carried out faster, the time interval of blocks is within one to two seconds, the reward is 0.45, to date 204 million ETZ is provided. The combination of master nodes and Proof of Stake is the most optimal both in terms of attitude to its community and from the environmental side, reducing energy costs.
This is not another startup, as the platform has been developing since 2018 and today the capitalization reaches more than $ 39 million (information on this link https://coinmarketcap.com/currencies/ether-zero) and sells on many well-known top exchanges, look at the picture below.
lthough I have little knowledge of programming, from the user's point of view I see that the advantages of EtherZero are obvious and allow to simplify the process of creating smart contracts, speed up transactions with the consensus MPos algorithm and have all the chances to compete with the top blockchain platforms. Therefore, I recommend to read more information on the links below:
WEBSITE: http://etherzero.org/
TELEGRAMCHAT: https://t.me/EtherZeroCN
WHITEPAPER: https://www.etherzero.org/ETZ%20Whitepaper%20v2.0.pdf
BITCOINTALK THREAD: https://bitcointalk.org/index.php?topic=2607526.0
FACEBOOK ACCOUNT: https://www.facebook.com/EtherZero-554760518194015/
TWITTER URL: https://twitter.com/etherzero_org
PAKDEJANGKUNG
PROFILE : https://bitcointalk.org/index.php?action=profile;u=1776349;sa=summary
ETH addres :0x0ebfc5fe073DCc6c1E7D4e5A6c06c092A704276f
