In recent days, we clearly saw the market recovering and starting to warm up, as there was a double-digit increase of various currencies, led by the “big coin”.
At this point, it seems still a little bit early to say that a bull market has arrived, but we have finally seen a large influx of incremental funds being channeled into the crypto-currency market, indicating that the trend is in an upwards direction. After more than a year of perseverance, the market seems to be pulling away from the painful bottom of the bear market, which is wonderful and most gratifying.
As the overall environment has improved, investors who have been dormant and have been hibernating for a long time are ready to become active. Whether it is band trading, or buying into low positions and holding them for a long time, it is undoubtedly necessary to grab some undervalued, high-quality, crypto assets and seize the opportunity for them to increase in value with the overall market.
Otherwise, even if the bull market does come, it may still be cut back because of following the fashion and speculation.
Trending Investment Opportunities: Old-fashioned Public Blockchain EtherZero
I believe the continued booming of public blockchains in 2018 must still be fresh in your memory. Indeed, many public blockchains have emerged in the past year. Compared with previous public blockchains, many new ones have often promoted themselves with various concepts to try to convince you that this one will be different.
However, with the extinguishing of the public blockchain fever, criticisms have been directed at the base layer of public blockchains, with their slow processing speed and high costs that have still not really changed, and this has restricted the real large-scale commercial use of Dapp.
For example, congestion and high transfer fees in EtherZero have become the norm, and after the soaring price of EOS-RAM, it has disappointed those who had hoped to be able to transfer money freely on EOS.
Just as the structure of the entire public blockchain market becomes more and more complex, the market competitiveness of the old-fashioned public blockchain EtherZero is highlighted.
The core development team of EtherZero (ETZ) comes from all over the world, most of them being the first Dapp developers in Ethereum. In 2017, they realized that network congestion, the need for transaction fees and the limitations in development capacity were the shortcomings of Ethereum. Therefore, they created EtherZero, in the hope of bringing more advantages to the base layer public blockchain for Dapp developers.
Riding on the back of the achievements of Ethereum technology practices, and benefiting from its influence, EtherZero quickly gained the support of blockchain communities in various countries in 2017, and successfully launched their main network in early 2018, with the features of a zero handling fee and instant payment. In August of the same year, the main network was upgraded to Masternode+PoS (hereinafter referred to as MPoS).
Thus far, EtherZero has brought a highly scalable and low-cost, distributed application, development and maintenance platform to the industry. It may be the first to break away from the “impossible triangle” and bring light to many Dapp teams struggling with high development costs and technical difficulties.
EtherZero is a base layer public blockchain with zero transaction fees, instant payments, high scalability, a primary node network, 10,000 TPS and various Dapp development needs.
The key potential functionalities, or trend investment opportunities, of the base layer public blockchain market lie in three technological highlights.
01 Powerful MPoS Consensus
Since the release of the project at the end of 2017, EtherZero has successively completed the launching of its main network, activated the Geth wallet, and completed the stable and efficient operation of more than 700 nodes, as well as other important initiatives.
In the context of domestic projects, of which most are still in the air of speculation, through the blockchain browser, we can see that:
The EtherZero chain built on the base layer of the MPoS consensus algorithm has high performance and is extremely stable and robust. In theory, with full capacity, today the network can process 1400 transactions per second.
As of May 3rd, the total number of production blocks is 15.679.1 million, and the main network produces 1 block per 1.1 to 1.2 seconds (with the expansion of the network, the production cycle can be shorter). The success rate of block production is over 99.99%, the total number of nodes is 766, and the average daily revenue is 19.3 million ETZ.
In addition, the coding of EtherZero has been open source since February 2018. As seen on Github, there are two developers involved, and the code base has been updated 41 times, and has been “forked” five times (equivalent to being cloned five times, generally developers would only fork a code if it is useful, this data reflects developers’ interest in the project).
From the current operational status of EtherZero’s main network, we can see the potential and ability of the team in the competitive structure of the public blockchain. They are taking each step carefully and steadily, and are willing to invest resources in the technological vision, and thus it has achieved excellent results in mainstream evaluations at home and abroad. At the same time, based on the influence of the community, the project is progressing smoothly in terms of operations, including its active involvement in social media such as Telegraph, Medium, microblog, Twitter, YouTube, GitHub, Wechat group, etc., which is very unusual at present.
However looking at the origin traceability, the biggest advantage of EtherZero is its redesigned base layer consensus, namely MPoS (Primary node plus equity proof mechanism), which makes block generation and verification more secure and reliable:
1. By locking in 20,000 ETZs, to become the primary node.
2. A fair random algorithm is used to select 21 nodes from all the main node groups randomly to pack blocks, once every 10 minutes.
3. In the calculation of each round every 10 minutes, 21 randomly selected nodes become random block-out committees, and the gap is reduced by the characteristics of the block-out committees and the block cannot be repeated within 10 seconds.
From the point of view of the eco-system, the block-out rights of all the main nodes of the MPoS is at an average level, which solves many previous design defects of PoS and effectively suppresses the centralization of other variants of the PoS.
From the perspective of scalability and efficiency, as the MPoS mechanism innovatively introduces master nodes, these master node groups replace the role of miners in the PoW mechanism, and work together on transaction verification, packaging and broadcasting. The masternode server requirement of EtherZero does not need to reach the level of a data center like EOS; instead a general cloud service is sufficient. The lower node server requirement allows the network to be more decentralized, and to operate more openly, thus making the security, block generating speed, success rate and scalability of the main network greatly exceed similar kinds of public blockchains.
From the point of view of friendliness to Dapp developers, EtherZero has the advantages of zero-cost deployment and instant payments, etc. It provides a low-cost blockchain development platform for developers, reduces the threshold for ordinary Dapp users, and provides the basis for the wide application of EtherZero for Dapp.
From the point of view of node investment and efficiency, 20,000 ETZs are locked as the master node, and every year all the master nodes can participate in 9 million EtherZero dividends. Compared with the extremely high funding threshold of 21 nodes in EOS, EtherZero is more conducive in attracting technically competent teams to the EtherZero ecology and maintaining the stable operation of the entire public blockchain. The low threshold and a large number of nodes bring a high-throughput and more stable blockchain network, which can support more complex blockchain applications, such as financial, gaming, social and other performance requirements.
02 Transaction Fees
We know that the value of the future supply chain depends on the scale of Dapp running on the chain, including the number of users and the depth of use. This requires the public blockchain to meet the large-scale requirements of commercial Dapp in order to develop.
The first hurdle facing the Dapp startup team now is the high development costs.
Taking EOS as an example, its account mechanism introduces complex concepts and the mechanisms of the RAM and CPU, which has created a high threshold for users. The database has storage limitations and data expansion needs the purchase of more RAM.
The most critical is the risk of eco-system deterioration in the developer community, which is specifically reflected in the cost of EOS development. For example, some EOS holders are reluctant to sell their tokens, which will indirectly increase the cost of start-up projects.
At this point, as the number of Dapp users increases, the high cost will, in turn, limit the development of these Dapps and force new applications to lose out to other eco-systems.
The deployment of Dapp in Ethereum consumes corresponding GAS. It also requires the size of the Dapp smart contract to store a certain amount of memory, about 0.05 EOS/KB. If a Dapp size is 1G, ETH with a market value of nearly 1.5 million RMB needs to be reserved, which is a huge expense for many distributed application development teams.
In fact, one of the key tasks of this year’s upgrade in Ethereum is to reduce the cost of its virtual machine EVM, but the effect is not significant as far as the present situation is concerned.
On the contrary, EtherZero was originally intended to be the most suitable public blockchain for Dapp development. To achieve this goal, EtherZero’s main network had a zero handling fee at the time of launching:
Through technical means, EtherZero retained the original GAS security mechanism and miners’ accounting mechanism in its processing, but avoided the GAS handling fee generated in the transaction process of Ethereum. So as to realize the development of Dapp on EtherZero, smart contracts and transaction transfers all have zero handling fees.
This is undoubtedly a good choice for distributed application development teams.
03 Network Fragmentation and State Fragmentation
In blockchain technology, each block in the chain has two basic functions: bookkeeping and validation.
In order to achieve both security and a high throughput, EtherZero designed network fragmentation and state fragmentation, in which the main node layer acts as a “supervisor”, that is, the role of validation:
1. Generate random numbers for selection validation.
2. Partition of other nodes.
3. Take snapshots of fragmented information, process collateral in the MasternodePoS system and enforce penalty rules, and be responsible for re-zoning during operation.
Accounting is the responsibility of shards. All transactions are completed in the sharding layer, that is, the shard is only responsible for “work”. The more shards, the more concurrent transactions the whole network can handle.
With the increase of sharding, combined with message DAG technology and cross-section information transmission, etc., in theory, the TPS of the entire public chain can become infinite. For the market, there is no doubt that there is enough room for it to use its imagination.
ETZ: A Foreseeable Rising Market
From the above analysis, it is not difficult to draw the conclusion that EtherZero has great potential to become a base layer public blockchain that can support a large number of commercial applications, based on the solid base layer of MPoS, the advancement of sharding technology, as well as features such as a zero handling fee and instant payments.
Taking game applications as an example, the Ethernet network now accommodates 10 Dapps and serves a community of 500,000+ users. New games such as “Unicorn” and “Zero Planet” have entered the internal testing stage.
After all, when the infrastructure is good enough, there will be more and more superstructure, and eventually a prosperous blockchain ecosystem will emerge, in which there will be many usage scenarios for ETZ.
Just imagine, and not just in the field of gaming, that EtherZero produces a number of super applications with a large number of users, then what would the value be of the ETZ in your hands?
In addition, the strong investment value of ETZ lies in the strong community.
The EtherZero community originated from the Ethereum community, which was created by a wave of technology geeks, who deployed distributed applications on Ethereum at that time. The goal was to attract the best developers to expand the EtherZero ecosystem together.
The rise of the EtherZero community is due to many enthusiasts and investors in blockchain. With the growth of ETZ tokens, they gradually deepened their understanding of the EtherZero principles, base layer construction and business vision. Supporters spontaneously surrounded the corresponding EtherZero versions, and thus the community came into being.
The strength of the EtherZero community cannot be separated from the numerous Dapp developers, investment institutions, as well as the continuous cultivation of numerous nodes in the market.
The excellent base layer design of EtherZero has attracted many Dapp developers, which has resulted in numerous commercial applications. While investment institutions are constantly setting up various funds to invest in, and support, the development projects of EtherZero mentioned above. Such high frequency and high-profile publicity has naturally attracted a large number of community members.
At the same time, at this stage, more than 700 main nodes of EtherZero are completely decentralized and self-governed. Although their backgrounds are different, they have injected long running confidence and hot spots into the EtherZero community.
At present, the EtherZero community has covered Chinese, English, Russian, Korean, Spanish, German, French and other languages. It is worth mentioning that, in addition to the largest community, which is in China, another large community is in Russia, with incomplete statistics showing that there are around 150 to 200 Russian-speaking communities out of the total of 700 node communities, which shows that the market in Eastern Europe plays a decisive role in the EtherZero public blockchain ecosystem.
Next, the competitive focus of the public blockchain must be the community, how strong is the community, and how big could the ecosystem of the public blockchain be?
If MPoS is the soul of EtherZero, then a strong community is the flesh and blood of EtherZero. The master node is the blood supply system, and thousands of community supporters are the individual cells of EtherZero.
In My Opinion
From the perspective of the space for growth, the current market value of EtherZero is only about 143 million RMB, compared with the other public chains valued at 500 million US dollars, 1 billion US dollars and 10 billion US dollars. Taking into account that its market movements, its consensus, its product technology concept, liquidity and the expected value of the future community development are not much different from those others, then its price is nearly 100 times underestimated.
From the point of view of buying at low prices, the mainstream high-quality public blockchains are tens, or hundreds, of times lower than their respective issuance prices. Despite the fluctuation of the bear market, they have fallen in varying degrees, but the currency prices are still at a high level. The entry threshold is equivalent to the investment risk, and ETZ, which is at a low price, has been launched on 11 exchanges as of May, including the world’s five big Bitcoin exchanges, Bithumb, one of the 10 largest digital currency exchanges in the world, EXMO, the largest trading platform in Eastern Europe, and BitMax.io, the emerging potential exchange. It has the advantage of following the market in terms of liquidity, with a high probability of rising and with a minimum risk.
In the good times, there are many speculative projects in the crypto currency marketplace, but in order to truly realize the best chance of increasing our wealth, the key decision is to devote most of our energy on focusing on the most probable and sustainable Investment opportunities.
Such opportunities allow us to enjoy a steady trend of dividends over a longer period of time. More importantly, they are more conducive for ordinary investors to easily grasp, and have a greater probability of succeeding, and EtherZero is such a trending opportunity.
Overall, EtherZero has a very good consensus foundation, and the project has experienced three years of technological accumulation. Now, the zero-fee transaction and instant payment function of EtherZero are key points for Dapp development teams. So, I’m afraid it won’t be too controversial, but in 2019, we have enough reasons to look forward to ETZ.
More Info About ETZ:
Official website: www.etherzero.com