thenewscrypto.com
Today, Zeus Network announced that ZeusNode, the core infrastructure based on the Solana Virtual Machine (SVM), is live. With its first epoch well under way, Zeus has also released its whole roadmap for ZeusNode’s cross-chain framework, which will easily integrate Bitcoin liquidity into Solana’s blockchain.
As the cornerstone of Zeus Network’s cross-chain framework, ZeusNode presents its Guardian program, which establishes two separate categories of validators: Guardians and Institutional Guardians. While Institutional Guardians are designed for big organizations that can handle substantial amounts of $BTC, Guardians may assign $ZEUS to the network.
ZeusNode Guardians use a Multi-Party Computation (MPC) model to make sure that Bitcoin transactions on Solana are safe and trustless. Guardians preserve the integrity of every transaction and uphold the network’s security requirements while enabling smooth Bitcoin operations across Solana’s blockchain using a decentralized validation and signing mechanism.
While $ZEUS deposits are locked for a six-month period to maintain network liquidity and security requirements, Institutional Guardians have freedom with their $BTC deposits. Holders of $ZEUS may also assign their tokens to Guardians, which helps to secure the network while rewarding them.
ZeusNode uses a dynamic ratio mechanism linked to $ZEUS delegation and $BTC liquidity as part of the network’s scaling approach. To facilitate the onboarding of Bitcoin liquidity into the network, the initial $ZEUS-to-$BTC ratio is established at 20,000:1.
In order to guarantee flexibility and response to market situations, this ratio dynamically changes whenever a Guardian hits a delegation level of 5,000,000 $ZEUS, enabling infinite $BTC inflow capacity.
Justin Wang, Co-founder and CEO of Zeus Network said:
“Zeus Network and its Guardians are redefining Bitcoin’s liquidity utilization, providing permissionless pathways for Bitcoin integration on Solana. With these new pathways for investments and validation, Zeus is the go-to choice for Bitcoin holders and institutions looking to leverage Bitcoin in a high-performance environment.”
The first Epoch of the ZeusNode roadmap’s phased approach to capacity development is now in progress.
- Epoch 1: Establishing a security foundation with a 25 BTC capacity and a 500,000 $ZEUS delegation.
- Epochs 2 and 3: Institutional Guardians are added, and the number of Guardians is increased to four, allowing for a total capacity of 1,100 BTC with up to 12,000,000 $ZEUS delegated.
- Epochs 4 and 5: Targeting 2,250 BTC inflow and delegating up to 25,000,000 $ZEUS to onboard 1% of Bitcoin liquidity onto Solana, scaling to full capacity with 10 Guardians and several Institutional Guardians.
- Epochs 6 and 7: Expanded asset capabilities and the integration of UTXO-based assets, such as $DOGE, $LTC, and $KAS, open the door for smooth Bitcoin liquidity management on Solana.
Zeus Network offers an interoperable solution for the Solana ecosystem, revolutionizing blockchain interaction. Zeus Network, which is powered by Solana Virtual Machine (SVM), enables Zeus Nodes to provide strong security and smooth data transfer. This endeavor makes it possible for Solana to emerge as the leading hub for all ecosystems, enthralling millions of people on many blockchains.
By enabling interoperable communication amongst cross-chain dApps, Zeus Network enables complex apps and liquidity to interact with Solana in a decentralized, permissionless environment that is open to everyone.