Connect with us

Blockchain

Zeus Network Launches ZeusNode to Boost Bitcoin Liquidity into Solana

Published

on

Credit : cryptonews.net

Right this moment, Zeus Community introduced that ZeusNode, its core infrastructure based mostly on the Solana Digital Machine (SVM), is reside. With the primary period effectively underway, Zeus has additionally launched its full roadmap for ZeusNode’s cross-chain framework, which can simply combine Bitcoin liquidity into Solana’s blockchain.

Because the cornerstone of Zeus Community’s cross-chain framework, ZeusNode presents its Guardian program, which establishes two separate classes of validators: Guardians and Institutional Guardians. Though Institutional Guardians are designed for giant organizations that may deal with vital quantities of $BTC, Guardians can allocate $ZEUS to the community.

ZeusNode Guardians use a Multi-Get together Computation (MPC) mannequin to make sure Bitcoin transactions on Solana are safe and dependable. Guardians defend the integrity of each transaction and implement the community’s safety necessities, whereas enabling easy Bitcoin operations on Solana’s blockchain utilizing a decentralized validation and signing mechanism.

Whereas $ZEUS deposits are blocked for a interval of six months to take care of the community’s liquidity and safety necessities, Institutional Guardians have freedom with their $BTC deposits. Holders of $ZEUS may also assign their tokens to Guardians, which helps safe the community and reward them.

ZeusNode makes use of a dynamic ratio mechanism tied to $ZEUS delegation and $BTC liquidity as a part of the community’s scaling method. To facilitate the introduction of Bitcoin liquidity into the community, the preliminary $ZEUS-to-$BTC ratio has been set at 20,000:1.

To make sure flexibility and responsiveness to market conditions, this ratio adjustments dynamically when a Guardian reaches a delegation stage of 5,000,000 $ZEUS, permitting an infinite influx capability of $BTC.

READ  Gaia AI Mainnet Launch Accelerates Mira’s Vision for Decentralized Trust in AI

Justin Wang, co-founder and CEO of Zeus Community stated:

“Zeus Community and its Guardians are redefining Bitcoin’s liquidity utilization and offering permissionless Bitcoin integration capabilities on Solana. With these new avenues for funding and validation, Zeus is the only option for Bitcoin holders and establishments trying to leverage Bitcoin in a high-performance surroundings.”

The primary period of the ZeusNode roadmap’s phased method to capability growth is now underway.

  • Period 1: Organising a safety basis with a capability of 25 BTC and a delegation of 500,000 $ZEUS.
  • Eras 2 and three: Institutional Guardians are added and the variety of Guardians is elevated to 4, permitting a complete capability of 1,100 BTC with as much as 12,000,000 $ZEUS delegated.
  • Eras 4 and 5: Concentrating on an influx of two,250 BTC and delegating as much as 25,000,000 $ZEUS to onboard 1% of Bitcoin liquidity to Solana, scaling to full capability with 10 Guardians and a number of other Institutional Guardians.
  • Eras 6 and seven: Expanded asset capabilities and the combination of UTXO-based property, resembling $DOGE, $LTC, and $KAS, open the door for easy Bitcoin liquidity administration on Solana.

Zeus Community offers an interoperable resolution for the Solana ecosystem, revolutionizing blockchain interplay. Powered by Solana Digital Machine (SVM), Zeus Community permits Zeus Nodes to supply sturdy safety and easy knowledge switch. This enterprise permits Solana to develop into the main hub for all ecosystems, participating thousands and thousands of individuals on many blockchains.

By enabling interoperable communication between cross-chain dApps, Zeus Community ensures that complicated apps and property can talk with Solana in a decentralized, permissionless surroundings that’s accessible to everybody.

READ  NodeOps Launches Staking Hub with Initial Support for Hyperliquid and Beam Networks

Adoption

Adoption8 hours ago

Why Ripple’s RLUSD stablecoin thrives on Ethereum over XRPL

Credit : cryptoslate.com Ripple’s RLUSD stablecoin is quickly increasing on Ethereum as a substitute of the corporate’s personal XRP Ledger...

Adoption1 week ago

Financial advisors who ignore Bitcoin ditched by young wealthy Americans

Credit : cryptoslate.com Youthful, wealthier Individuals appear to be rewriting the home guidelines of wealth administration. They like broad fairness...

Adoption2 weeks ago

Aave targets mainstream users with DeFi’s first bank-like app

Credit : cryptoslate.com For greater than a decade, the DeFi sector has been working on a damaged promise. The theoretical...

Adoption2 weeks ago

‘What does Harvard see coming?’ asks macro analyst as university ups IBIT position by 257%

Credit : cryptoslate.com Harvard College has elevated its holdings in BlackRock’s iShares Bitcoin Belief (IBIT) by 257% from its place...

Adoption2 weeks ago

Nebraska joins the digital asset race (but Wyoming laid the tracks)

Credit : cryptoslate.com On November 13, the state of Nebraska introduced that it had formally granted the “first-in-nation” state constitution...

Adoption3 weeks ago

Bitcoin gains strategic footing with Czech reserve experiment

Credit : cryptoslate.com Earlier this 12 months, Christine Lagarde, President of the European Central Financial institution (ECB), emphasised that Bitcoin...

Adoption3 weeks ago

Why Square’s 4M Shops Just Got A 0% Bitcoin Button

Credit : cryptoslate.com Block has enabled Bitcoin funds by way of its Sq. service provider community, permitting roughly 4 million...

Adoption3 weeks ago

Here’s why Solana could be a trillion-dollar network by 2030

Credit : cryptoslate.com For years, the idea inside crypto and inside conventional finance was easy: when institutional adoption lastly matured,...

Trending