Overview of Zetrix
Last updated
Last updated
Zetrix is focusing on the next generation platform of public Blockchain infrastructure and building a future ecosystem of Ubiquitous Trust Network. Therefore, value will be transferred freely on Blockchain just as information is transferred freely on the Internet today. Lots of decentralized applications, such as digital assets and Internet of things, can be developed and deployed rapidly on Zetrix network.
Consensus mechanism is the method that transactions are validated and subsequently added to the blockchain.
The Zetrix blockchain offers an innovative consensus algorithm Delegated Proof of Stake (DPoS) and Zetrix Byzantine Fault Tolerance (zBFT), which supports large-scale nodes and high-speed transaction to participate in the consensus process. The high performance and consistency features of Zetrix, makes the chain suitable for various commercial application designs.
Based on the DPOS mechanism, ordinary nodes pledge ZETRIX tokens to enter the validating node-set. The set of validating nodes then randomly selects 21 validating nodes to generate blocks in a cyclical rotation through the zBFT algorithm. Validators are voted in via a validator contract. Hence, this allows the chain to maintain high transaction speeds while ensuring decentralisation and security.
Zetrix currency unit is called Zetrix identified also as "ZETRIX" : For example 1 zetrix or 1 ZETRIX.
Zetrix is subdivided into smaller units, down to the smallest unit possible, which is named Zeta. One Zetrix is equal tu One Million Zeta(1,000,000 Zeta). Comparison in details is below.
| ZETRIX | Zeta |
|---|---|
1 | 1,000,000 |
0.000001 | 1 |
