On January 19, at block number 4936270 in Ethereum, the EtherZero fork will take place. Users will receive 116 million ETZ tokens, each equal to one ETH.
Currently, the EtherZero team consists of 20 people. These people are from different countries who collaborate with many well-known decentralized application development companies from India and Eastern Europe. Most of the team members are professional DAPP developers.
As a result of the hard fork, the ideologists of the project want to receive 10% of Ethereum’s capitalization, which today is almost $97 billion.
The authors of the fork believe that masternode owners can earn more: to create a node in the new network, the user will have to have 10 thousand ETZ.
At the same time, the miner will receive 45% of the mined assets. 45% will go to the wallets of the masternode owners, and the developers plan to use 10% for the development of the ecosystem. The resulting reserve - 20 million ETZ - will be used for system development purposes. That is, the principle of distribution of funds in the new fork will remain the same.
The new service will use the Proof-of-Work algorithm, blocks of 2Mb in size (block creation time is 10 seconds), an instant payment system and promises zero commission.
It is currently unknown which exchanges ETZ will be listed on, but if most major exchanges support this fork, then the price of ETH will certainly skyrocket.
That's all the information about the EtherZero fork for now. The developers promise to tell you more in the very near future.
According to https://minfin.com.ua
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