According to the official announcement of ZT Global, the official website of the ZTB smart chain was officially launched on March 13, 2021, and the ZTB smart chain super node campaign was launched on March 15.
It is reported that the full name of the ZTB smart chain is Zenith smart chain (ZSC for short). It is a decentralized, high-efficiency and energy-saving public chain. It is an important innovation proposed by the ZT trading platform for the development of DeFi to help developers build flexible and efficient solutions. Centralized application, sharing blockchain development dividends with ordinary users.
As ZT Global's first year of 2021, the ZTB smart chain has the characteristics of high concurrent throughput, low latency, low gas, smart contract compilability, security and stability, giving users an efficient and low-cost on-chain experience.
From the current point of view, the development of DeFi still relies on Ethereum to a large extent, and the interoperability of transaction fees and assets is still a huge problem for participating in the Ethereum ecosystem, which also limits the healthy development of DeFi. In response to the above pain points, the ZTB smart chain has successfully achieved "higher transaction performance", "lower handling fees" and "mainstream asset cross-chain smoothness" through the ZPoS consensus mechanism. In addition, the ZTB smart chain will be compatible with EVM, which can effectively reduce development and maintenance costs. Through the ZPos consensus mechanism, blocks can be generated in an average of 3 seconds while supporting cross-chain asset transfer.
The ZTB smart chain will efficiently link users, assets and decentralized applications, greatly reducing the threshold of application landing and fees, and allowing users and developers to enjoy an efficient and low-cost on-chain experience.
According to the tester, during the test period, the average transfer fee of ZSC was about 0.000021 ZTB. Based on the market price of 0.25 USDT, this transfer cost 0.00000525 USDT. The official website data showed that the transfer fee was less than 0.0001 USDT. At present, it costs about 3.48 USDT to transfer money in Ethereum, BSC is about 0.071 USDT, and Heco is only 0.0013 USDT. Then ZSC is officially launched, and the low transaction fee rate will give the ZSC chain a great advantage in market competition. After all, for the vast majority of users, low fee rates are the biggest motivation when switching from Ethereum DeFi to the public chain of exchanges.
In addition, the ZTB smart chain gathers many valuable assets at present, covers high-quality projects in multiple fields of the industry, and shows users a brand new decentralized ecology. In the initial stage, ZSC will focus on DEX, oracles, derivatives, smart contract insurance, mortgage lending, and cross-chain asset trading. These tracks are not only important infrastructures, but also have a lot of room for imagination and expansion, and are likely to become the key development direction of the industry in the future. In order to better enrich the function of the ZTB smart chain, a number of ecological projects have been tested on the official website and have achieved good results.
At the same time as the official website went live, the voting campaign for the 21 super nodes of the ZTB smart chain was also launched on March 15th, and the voting on the chain was accepted for nearly 2 months. Users with ZTB can vote. Voting will be open, fair, and transparent, and will be supervised by users. In the end, the top 21 with the most votes will be eligible for super nodes.
The successful launch of the ZTB Smart Chain official website is the result of months of hard work by the team to enrich the ZT ecology and ZTB application scenarios. In the future, ZT will vigorously develop the ecosystem on the chain, taking into account safety and healthy development, and use the wave of DeFi to break through its own ceiling, serve users well, and make the blockchain more creative and meaningful.