New York, New York, December 5, 2024, Chainwire
Zeus Community immediately introduced that ZeusNode, a core infrastructure constructed on a digital machine (SVM), is stay. Zeus additionally revealed its full plan for the cross-chain ZeusNode framework to seamlessly combine liquidity into the Solana blockchain, with its first epoch underway.
ZeusNode introduces its Guardian program, which serves as the inspiration of the Zeus Community cross-framework and creates two distinct courses of validators: Guardians and Institutional guardians. Custodians can delegate $ZEUS to the community, whereas Institutional Custodians are created for giant establishments with the capability to handle vital volumes of $BTC.
Utilizing the Multi-Get together Computation (MPC) mannequin, ZeusNode Guardians ensures that Bitcoin transactions on Solana are protected and reliable. By way of a decentralized verification and signing mechanism, Guardians allow seamless Bitcoin operations throughout the Solana blockchain whereas sustaining the integrity of every transaction and adhering to the community's safety requirements.
Institutional custodians have flexibility with their $BTC deposits, whereas $ZEUS deposits stay locked for six months to take care of liquidity and safety requirements throughout the community. As well as, $ZEUS holders can delegate their tokens to guardians, contributing to the safety of the community whereas incomes rewards.
As a part of the community scaling technique, ZeusNode implements a dynamic ratio mechanism tied to $ZEUS delegation and $BTC liquidity. The preliminary ratio of $ZEUS/$BTC is ready at 20,000:1, which helps the combination of Bitcoin liquidity into the community. This ratio is dynamically adjusted as soon as Guardian reaches the $5,000,000 ZEUS delegation threshold, unlocking limitless BTC$ influx capability to assist guarantee flexibility and responsiveness to market situations.
“Zeus Community and its gatekeepers are redefining the usage of Bitcoin liquidity and offering permissionless paths for Bitcoin integration on Solana,” stated Justin Wang, Co-Founder and CEO of Zeus Community. “With these new avenues for funding and verification, Zeus is the correct selection for bitcoin holders and establishments trying to leverage bitcoin in a high-performance setting.”
The ZeusNode roadmap outlines a phased method to capability constructing throughout a number of epochs, with the primary epoch underway.
- Epoch 1: Safety Basis constructing, with a capability of 25 BTC backed by a $500,000 ZEUS delegation.
- Epochs 2 and three: Growth to 4 Guardians and introduction of Institutional Guardians, permitting a complete capability of 1,100 BTC with delegation of as much as $12,000,000 ZEUS.
- Epochs 4 and 5: Scaling to full capability with 10 guards and some institutional guards concentrating on 2,250 BTC influx and delegation of as much as $25,000,000 ZEUS on board 1% of Bitcoin Liquidity to Solana.
- Epochs 6 and seven: Integration of UTXO-based property, together with $DOGE, $LTC, and $KAS, and expanded asset choices, paving the way in which for seamless Bitcoin liquidity administration on Solana.
In regards to the Zeus community
Zeus Community is remodeling blockchain interplay by offering an interoperable answer for the Solana ecosystem. With Solana Digital Machine (SVM) expertise, Zeus Community permits Zeus Nodes to make sure strong safety and seamless information trade. This initiative paves the way in which for Solana to change into a number one hub for all ecosystems and captivate hundreds of thousands of customers throughout varied blockchains.
The Zeus Community facilitates interoperable communication between cross-chain dApps and permits liquidity and sophisticated functions to work seamlessly with Solana in a decentralized, permissionless setting, making it accessible to all.
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ContactHead of CommunicationsFrank Kuopr@zeusnetwork.xyz
This text was initially printed on Chainwire
