What Is EZChain(EZC)? Complete Guide & Review About EZChain 

What Is EZChain(MLD)?

EZChain Consensus Protocol: Protocols in the family operate through repeated sub-sampled voting. When a validator is determining whether a transaction should be accepted or rejected, it asks a small, random subset of validators whether they think the transaction should be accepted or rejected. If the queried validator thinks the transaction is invalid, has already rejected the transaction, or prefers a conflicting transaction, it replies that it thinks the transaction should be rejected. Otherwise, it replies that it thinks the transaction should be accepted.

Snowman Consensus Protocol​Snowman is a chain-optimized consensus protocol–high-throughput, totally-ordered, and great for smart contracts. Snowman is powered by the EZChain consensus protocol. Both P-Chain and C-Chain implement the Snowman consensus protocol. Key Features​Speed​Uses a novel consensus protocol, developed by a team of Cornell computer scientists, and is able to permanently confirm transactions in under 1 second. Scalability​Capable of 4,500 transactions per second–an order of magnitude greater than existing blockchains.

EZChain Coin Security​ Ensures stronger security guarantees well-above the 51% standard of other networks. Flexibility​Easily create custom blockchains and decentralized apps that contain almost any arbitrary logic. Sustainability​Uses energy-efficient proof-of-stake consensus algorithm rather than proof-of-work. Smart Contract Support​Supports the creation of Solidity smart contracts and your favorite Ethereum tools like Remix, Metamask, Truffle, and more. Private and Public Blockchains​Create your own public or private blockchains. Designed for Finance​Native support for easily creating and trading digital smart assets with complex, custom rulesets.

Flexible Price

Blockchain 3.0Foreasy life

EZChain is a new generation blockchain platform for creating public blockchains and private blockchains. EZChain has high performance, low cost and simplest oriented system optimization for end users.

Distinctive Features Of EZChain

Blazingly Fast

The transaction processing speed is up to 4,500 transactions per second and the transaction processing time is just under 2 seconds. Compatible with most applications.

Low Cost

Transaction processing costs are extremely low, from only $0.0001. Suitable for most applications with large transaction needs and low fees.

High Security

Data is verified and protected by thousands of Validators with a consensus safety threshold of 80% instead of 51% of other platforms.

Private Data

Projects and businesses can easily build their own private chains based on EZChain and fully master the system data.

Easy to use

EZChain is EVM compatible and has powerful support tools that make it extremely easy to use and build Dapps.

Eco-Friendly

EZChain’s blockchain works with low power consumption and equipment requirements. This contributes to the protection of the environment thoroughly.

The Native Token $EZC

The native token of EZChain platform, $EZC, is capped-supply, where the cap is set at 1,000,000,000 tokens, with 500,000,000 EZC tokens pre-minted at the mainnet launch. However, unlike other capped-supply tokens which bake the rate of minting perpetually, $EZC is designed to react to changing economic conditions. In particular, the objective of $EZC’s monetary policy is to balance the incentives of users to stake the token versus using it to interact with the variety of services available on the platform. Participants in the platform collectively act as a decentralized reserve bank.

The levers available on EZChain are staking rewards, fees, and airdrops, all of which are influenced by governable parameters. Staking rewards are set by on-chain governance, and are ruled by a function designed to never surpass the capped supply. Staking can be induced by increasing fees or increasing staking rewards. On the other hand, we can induce increased engagement with the EZChain platform services by lowering gas fees, and decreasing the staking rewards.

EZChain Specializations

EZChain envisions an interactive, secure and scalable ecosystem of seamless decentralized finance applications based on a new generation of blockchain. Learning from existing blockchains, it is clear that no solution is perfect, and no single chain can fit everything. EZChain team deeply studies various Blockchain platforms and see that, among others, Avalanche provides a hybrid architecture of a multi-chain system which can build a high-performance, scalable, customizable, and secure blockchain platform.

Scalability.

EZChain is designed to be massively scalable, robust, and efficient. The core consensus engine is able to support a global network of potentially hundreds of millions of internet-connected, low and high-powered devices that operate seamlessly, with low latencies and very high transactions per second.

Security.

EZChain is designed to be robust and achieve high security. Classical consensus protocols are designed to withstand up to f attackers, and fail completely when faced with an attacker of size f + 1 or larger, and Nakamoto consensus provides no security when 51% of the miners are Byzantine. In contrast, EZChain provides a very strong guarantee of safety when the attacker is below a certain threshold, which can be parametrized by the system designer, and it provides graceful degradation when the attacker exceeds this threshold. It can uphold safety (but not liveness) guarantees even when the attacker exceeds 51%. It is the first permissionless system to provide such strong security guarantees.