New York, NY, December 5, 2024, Chainwire
Zeus Network today announced that ZeusNode, its core infrastructure built on virtual machines (SVMs), is now live. Zeus also announced the complete roadmap of ZeusNode's cross-chain framework for seamlessly integrating liquidity into Solana's blockchain, the first epoch of which is underway.
ZeusNode introduces the Guardian program, which serves as the foundation of Zeus Network's cross-chain framework and creates two distinct classes of validators: Guardian and Institutional Guardian. While Guardians can delegate $ZEUS to the network, Institutional Guardians are created for large institutions with the ability to manage large amounts of $BTC.
ZeusNode Guardians utilizes a multi-party computation (MPC) model to ensure that Bitcoin transactions on Solana are secure and trustless. Through decentralized verification and signing mechanisms, Guardian facilitates seamless Bitcoin operations across Solana's blockchain while maintaining the integrity of each transaction and adhering to the network's security standards.
While institutional guardians enjoy flexibility with their $BTC deposits, $ZEUS deposits will remain locked for six months to maintain liquidity and security standards within the network. Additionally, $ZEUS holders can delegate their tokens to guardians, contributing to the security of the network while earning rewards.
As part of the network's scaling strategy, ZeusNode will implement a dynamic ratio mechanism tied to $ZEUS delegation and $BTC liquidity. The initial $ZEUS to $BTC ratio will be set at 20,000:1 to support the onboarding of Bitcoin liquidity into the network. This ratio will be dynamically adjusted once Guardian reaches the delegation threshold of 5,000,000 $ZEUS, freeing up unlimited $BTC inflow capacity and ensuring flexibility and responsiveness to market conditions.
“Zeus Network and its Guardians are redefining Bitcoin liquidity usage and providing a permissionless pathway for Bitcoin integration on Solana,” said Justin Wang, co-founder and CEO of Zeus Network. he said. “These new paths for investment and validation make Zeus the go-to choice for Bitcoin holders and institutions looking to leverage Bitcoin in high-performance environments.” outlines a phased approach to capacity building across epochs. The first epoch is underway. Epoch 1: Building a security infrastructure with a capacity of 25 BTC supported by a $ZEUS delegation of 500,000. Epochs 2 and 3: Expansion to 4 Guardians and introduction of Institutional Guardians allows for a total capacity of 1,100 BTC with up to 12,000,000 $ZEUS consignments. .Epoch 4 and 5: Scaling to full capacity 10 Guardians and multiple institutional Guardians influx 2,250 BTC and delegate up to $25,000,000 $ZEUS to onboard 1% of Bitcoin liquidity to Solana is the goal. Epoch 6 and 7: Integration of UTXO-based assets including $DOGE, $LTC, and $KAS, expansion of asset functionality paves the way for seamless Bitcoin liquidity management. About Solana.Zeus Network
Zeus Network transforms blockchain interactions by providing interoperable solutions to the Solana ecosystem. Zeus Network, powered by Solana Virtual Machine (SVM), ensures robust security and seamless data exchange for Zeus nodes. This effort paves the way for Solana to become the premier hub for any ecosystem and attract millions of users across diverse blockchains.
Zeus Network facilitates interoperable communication between cross-chain dApps, allowing liquidity and complex applications to work seamlessly with Solana in a decentralized, permissionless environment, making it accessible to everyone.
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Contact Communications Officer Franck Kuopr@zeusnetwork.xyz
This article was originally published on Chainwire
