Ether Zero price is $0.00078270
The price of Ether Zero (ETZ) is currently $ 0.00078270. It has increased over the last 24 hours by +0.00%.
EtherZero (ETZ) is a high-expansibility, no-fee and real-time transaction blockchain platform created as a hard fork on Ethereum. Its goal is to serve as a general-purpose smart contract platform, enabling developers to establish decentralized applications (DApps) beyond finance and business, and make decentralized services more accessible to diverse industries and the general public.
The developers behind EtherZero introduce key changes to the original Ethereum infrastructure, most notably by eliminating the gas fee system, and incorporating a Transaction Restriction Policy Protocol. This protocol regulates transaction thresholds, frequency, and depths, associating them with the account balance as a means to protect against DDOS-like attacks.
ETZ is inspired by DASH's two-tier network architecture, built with a Masternodes transaction verification network and a blockchain ledger layer. The two-tier network, comprising of a master node and the POW consensus layer, is designed to provide real-time operation feedback, achieve high transaction concurrency, and ensure transactions are validated in real time, eliminating long confirmation times.
The platform also integrates a community autonomous system to allow for independent evolution, among other features. ETZ retains Ethereum's strengths and proven strategies for smart contracts but removes the less scalable gas-based fee system. This gives rise to a fully accountable trading limit and an efficient security strategy against DDOS Class attacks.
The no-fee system of EtherZero is a significant advantage, particularly for DApp developers. Take a day-to-day DApp like a Todolist for team task decomposition, it would need all team members to be aware of each other's tasks. The decentralized application involves several operations like member registration or task additions and deletions. On the Ethereum network, each of these operations would require gas consumption, which may not be reasonable for users.
In EtherZero, however, the frequency of initiating transactions and the depth of smart contract executions are positively correlated to the balance held by the account. This setup, bearing similarities to POS mechanism, allows for fair bandwidth usage and sets a high capital threshold for potential DDOS attackers, while offering free services for users. This balance between free service availability and protective measures helps in making decentralized applications more common and accessible.
With a market cap of $ 0.2M, Ether Zero (ETZ) currently holds #2868 place among all cryptocurrencies.
The circulating supply of Ether Zero is 199.5M out of a total supply of .
The 24-hour trading volume of EtherZero (ETZ) is 174.2.
EtherZero (ETZ) is available for purchase on the following exchanges: EXMO, Bithumb, BitMax.
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