Zerium introduces a blockchain architecture designed to facilitate scaling of decentralized applications (DApps) and Smart contracts in an intuitive environment. The Zerium blockchain is an open-source operating system-like construct upon which applications can be built. The Blockchain can host accounts, authentication, databases, asynchronous communication and scheduling of applications across hundreds of CPU cores or clusters around the globe.
The result is an architecture that scales to millions of transactions per second, diminishes user fees, and allows opportunities for development of no-cost Decentralized Applications.
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What is Zerium
Zerium is a cryptocurrency that supports a stable architecture inside a blockchain designed to facilitate scaling of decentralized applications (DApps) and Smart contracts in an intuitive environment. The Zerium blockchain is an open-source operating system-like construct upon which applications can be built. Zerium is built using an updated version of the ethash mining algorithm (involves finding a nonce input to the algorithm so that the result is below a certain threshold depending on the difficulty) and will gradually be expanded to include PoST (Proof-of-Stake-Time). ZRM has a decreased block generation time, reduced difficulty and improved transaction times, by doing this we assure the inclusion of CPU mining expanding the number of nodes available, promoting decentralization and securing an efficient defense against attacks to the network.
The network itself requires minimal structure as messages are broadcasted on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof and evidence of what happened while they were gone, untieing each miner of the processed transaction regardless of the amount, class or type of use of the hashed block. The Smart contracts are developed natively inside the cryptocurrency acting as cryptographic containment that incorporates value and only unlocks it if certain conditions are met, with vastly more power than that offered by Bitcoin scripting because of the added powers of value-awareness, blockchain-awareness, and state.
ZRM is adapted to support a binary blockchain system (2 blockchains synced with a shared address and key to increase security against attacks to the network, financial stability, and versatility of the smart contracts), the second blockchain under development includes zero-knowledge proof (SK-SNARKS) to increase efficiency and anonymity on transactions.
ZRM’s Dual-Blockchain protocol and Hard-coded upgrade protocol
Zerium secondary blockchain has a protocol that enables the change of hard-coded limits, including natural elements of the original design such as block frequency, and a minimum of number of confirmations per block, we maintain an evolving algorithm in charge of modifying the established parameters according to hard-coded milestones that are only applied if certain conditions are presented.
It analyzes the growth of the cryptocurrency and increases limits in block size and adjust the maximum amount of money supply without creating inflation. This provides a baseline to change and modify both natural and artificial constraints within the blockchain environment.
Zerium Application Environment (ZAE)
Zerium’s architecture allows to easily write and deploy decentralized applications using blockchain technology in many developer-friendly languages, without the added cost (and in some cases extensive cost) of the GAS used for deployment. We work around this by implementing Staking technology (PoST) to grant access to different levels and tools from the developing kit in ZAE.
IO is an implemented technology that is directly embedded in the main blockchain of Zerium. It integrates all necessary tools to create, distribute and manage decentralized Blockchain applications without tokenization (directly on Zerium) or by deploying their own sidechain in Zerium's blockchain (if a side chain is required then a custom token must be implemented) this adds flexibility to developers to customize their applications entirely. It behaves as a multi-token wallet with a future implementation as a multi-crypto payment gateway. It will add a total balance amongst several cryptocurrencies and tokens and executes a sell command whenever the user wishes to pay via BTC payment gateway without having to manually sell individual transactions of each amount to pay for a balance (I.E. Item costs 1 BTC. The user has 0.02 BTC, 20 Eth (0.87 BTC), 6.7 XMR (0.11 BTC), the wallet upon reaching a payment gateway will clear all amounts into BTC, ZRM, ETH or XMR and then executes the payment).
ZEA allows accounts to be named with a human-readable name-value of 2 to 32 characters. The name-value must be chosen upon creation of the contract and is unchangeable throughout the duration of the DApp or Smart contract. All accounts must be funded with the minimum account balance at the time they are created to cover the cost of storing account data (the only fee applicable). Account names also support namespaces (I.E @domain & [email protected])
DetailsPublic sales: Dec 14, 2017 - Jan 14, 2018
Soft cap: 1,000,000 CHF
Hard cap: 10,000,000 CHF
LegalBlockchain Platform: Ethereum
Token infoTicker: ZRM
Token standard: ERC-20
Token price in USD: 1 ZRM = 0.3 USD
Accepted currencies: ETH, BTC
15% - Operational
25% - Marketing and sales
5% - Legal and Compliance
55% - Core Development
25% - Marketing and sales
Conceptualization, mapping & Market Research
Technical feasibility study
Mainnet and syncing protocol test