Zetrix Price(ZETRIX)

Zetrix is a Layer-1 public blockchain platform designed to create a ubiquitous trust network to facilitate free trade and closer cooperation in the digital economy. It is engineered to power enterprise and government-grade decentralized applications. The platform aims to address challenges hindering free trade and foster business cooperation through its infrastructure. Zetrix is known for its high throughput, capable of handling 2,000 transactions per second, with theoretical scalability up to 10,000 transactions per second through sharding and subchains. Technically, Zetrix employs a hybrid consensus mechanism that combines Delegated Proof of Stake (DPoS) and Zetrix Byzantine Fault Tolerance (zBFT), which contributes to rapid block finality, scalability, and security. Smart contracts on Zetrix can be written in JavaScript and are supported by an integrated web-based IDE. Key services offered by Zetrix include W3C compliant decentralized identifiers, verifiable credentials, and on-chain agreements. These are crucial for establishing trust and authenticity in digital interactions and creating secure processes for enterprise adoption. The platform's cryptographic infrastructure supports the development of transparent, secure, and efficient processes across various industries. Zetrix has established significant collaborations, notably with China's National Blockchain, Xinghuo Blockchain Infrastructure & Facilities (Xinghuo BIF). This integration enables cross-border data transfer and positions Zetrix as an international gateway for China's national blockchain. It also shows compatibility with other leading public chains like Ethereum and private chains such as Hyperledger. Zetrix is developed by MY E.G. Services Berhad (MYEG) and focuses on building real-world applications by leveraging AI and blockchain technologies. The project has a strong focus on government and enterprise-level Web3 applications, aiming to support digital identity, cross-border trade, and digital asset ecosystems. It is involved in initiatives to propel Hong Kong's Web3 ambitions, including partnerships with Web3Labs and Summer Capital, and has launched accelerator programs to support Web3 startups. Use cases for Zetrix extend to real-world asset tokenization, stablecoin issuance, financial instruments tokenization, and customs clearance. Learn more

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