LOGO :
Zedxion White paper:
Indexing & chaptering
ZEDXION white paper:
💥Summary
💥DOCUMENTATION:
A-Learn about the Zedx Platform
1-ZEDX Overview : Mision&Vision, Strategy,platform components,Algorithm
2-The Zedx Blockchain
-Discovering the Network
-Zedx Consensus
-Delegation through Staking with Validators
-Ethereum (EVM) Compatibility and Smart Contracts
-Boosting Zedx's Scalability
3-Zedx Token (ZEDX)
-ZEDX Tokenomics
-Exchanges, Wallets, On-Ramps and DeFi Tools Supporting ZEDX
-ZEDX on Other Chains
4-Interoperability
5-Zedx Governance and Development
-Zedx Assembly
-Zedx Improvement Proposals (FIPs)
6-Wallets supporting Zedx
B-Zedx for Business
C-Things you can do on Zedx
-Interacting with the Zedx Blockchain
-Zedx Ecosystem
-Community
-Grants and Bounties
D-Zedx Mobile Infrastructure Use Cases
💥DEVELOPERS
A-Network Details
-Zedx Mainnet
-Zedx Testnet Spark
-Token Faucets
-Network Upgrades
-Upgrade Guide
-Upgrade Guide (explorer nodes)
-Block 13,800,000 Fork
-FIP's
B-Zedx Consensus
-Contracts Overview
-Stake, Delegate and Withdraw
-Vote
-End-of-Cycle Flow
-Contract Addresses
C-Resources & Tools
-TheGraph
-WalletConnect on Zedx
D-Important smart contracts
-Zedx Token
-Zedx Dollar
-Major Deployed Contracts
-Bridges
-Ethereum ↔ Zedx GoodDollar Token
-Ethereum ↔ Zedx ZED20 Tokens
-BSC ↔ Zedx BNB
-BSC ↔ Zedx Native
-BSC ↔ Zedx ZED20
-Ethereum ↔ Zedx Native
E-How to become a validator
-Getting started as a validator
-Getting started as on the Zedx testnet
💥Summary
Welcome to the documentation portal for Zedx
Welcome to the go-to portal for in-depth information about the Zedx (ZEDX) platform and ecosystem and how to interact with them!
The Zedx documentation is separated into three major parts:
1. Zedx Docs. This part is available in the sections below is for anyone who wants to learn more about Zedx without going into detail that only developers would usually need to know.
Conclusion(About ZEDXION)
-Some Questions
✅What is ZEDXION?
ZEDXION is a scalable Dpos EVM Blockchain solution designed to advance the goals of crypto-neobanking with optimal speed, security, scalability, and efficiency at the most suitable costs. Benefiting from robust security measures and seamless compatibility, ZEDXION stands out for its enhanced productivity, low fees, and strong support from both fiat currencies and cryptocurrencies within the Neobanking network.
Powered by its native coin, ZEDX, for governance, ZEDXION is committed to establishing an independent decentralized organization (DAO) structure - ZEDX - for network management, empowering ZEDX holders to vote on critical proposals affecting features, protocol upgrades, budget allocations, Security Council elections, and all aspects of the Neobanking network and ecosystem.
With an ambitious roadmap for the future, ZEDXION aims to launch development solutions for decentralization, authentication, and validation, enabling developers to deploy applications across various popular programming languages. Furthermore, it seeks to expand its pool of accreditors, enhance protocol layers, and ensure continuous updates to maintain its position at the forefront of innovation.
Led by the seasoned founders of the ZedGroup, boasting over 35 years of financial and banking experience, ZEDXION recently expanded its network in January 2024 with the introduction of various projects (CEXs/DEX/Bridge/Stake/AIRDrop/TokenDeploy/MobileWallet), catering to the needs of users.
Notably, ZEDXION distinguishes itself by pioneering the tokenization and harmonization of traditional assets with digital assets within the ZedBank3 neobanking network. By supporting other crypto projects in the new banking category and mitigating investment risks, ZEDXION aims to drive the development of digital currencies and foster widespread trust and participation in the industry, ultimately leading to the creation of the advanced monetary system, ZedMoney3.
With its bold vision and tangible aspirations, ZEDXION paves the way for seamless globalization and transformative change in the realm of crypto-neobanking.
✅Who are the Founders of ZEDXION Network (ZEDX)?
There is no single founder. ZEDX Network is a DAO-governed and accelerated network , where key decisions are made via governance by $ZEDX holders.
ZEDXION Network (ZEDX) operates on a decentralized autonomous organization (DAO) model, eliminating the concept of a single founder. Instead, it's governed collectively by $ZEDX token holders. This structure ensures democratic decision-making, where key determinations are made through consensus among stakeholders. By empowering token holders to participate in governance, ZEDX fosters a community-driven ecosystem, promoting transparency and inclusivity. This decentralized approach not only distributes power but also encourages active engagement from participants, aligning with the principles of decentralization and self-governance inherent in blockchain technology
ZEDXION's innovative idea is to host a virtual reality (VR) governance summit for ZEDX token holders. This summit would create an immersive experience where participants can navigate a virtual environment representing the ZEDX ecosystem. Within this virtual space, token holders can attend interactive workshops, engage in live debates, and vote on proposals using VR interfaces. This groundbreaking event would not only enhance community engagement but also pioneer a new frontier in decentralized governance, setting a precedent for other blockchain projects. Additionally, it would attract attention from both crypto enthusiasts and tech aficionados, making it a memorable and impactful debut on the global stage.
✅What Makes ZEDXION Unique?
ZEDXION pioneers the integration of the advanced financial industry by tokenizing and harmonizing traditional and digital assets. Through this innovative approach, our aim is to build trust and drive widespread adoption worldwide. Central to our mission is the development of neobanking, with ZEDXION leading the charge to decentralize international monetary resources and bolster the cryptocurrency industry. We invite all crypto projects to join us in this endeavor for strong collaboration and participation.
ZEDX proposes various initiatives like Virtual Asset Portfolio Management, Gamified Financial Education, Decentralized Microfinance, Social Impact Investing Network, AI-Powered Personal Finance Assistant, Tokenized Real Estate Investment, Peer-to-Peer Energy Trading, Blockchain-Based Supply Chain Financing, AI-Powered Credit Scoring, and Virtual Reality Investment Experiences to achieve these goals. These initiatives range from automated portfolio management to democratizing real estate investment and promoting renewable energy adoption, all underpinned by cutting-edge technology like AI, blockchain, and virtual reality.
✅How Is ZEDXION Network (ZEDX) Secured?
In the ZEDXION ecosystem, token holders engage in a democratic process to elect delegates from a diverse pool of candidates. These delegates, also known as validators, play a crucial role in validating transactions and creating blocks.
Delegates operate in a rotational manner to produce blocks according to a predetermined sequence on the ZEDXION DPoS blockchain. This structured approach ensures decentralization and minimizes the risk of any single entity exerting undue influence over the network.
Delegates meticulously verify the authenticity of transactions on the ZEDXION network before bundling them into blocks. Their commitment to integrity is reinforced by potential rewards and the potential consequence of losing delegate status in the event of malicious behavior.
The ZEDXION DPoS blockchain relies on a consensus mechanism where a supermajority of delegates must agree on the validity and chronological order of transactions to be included in blocks, ensuring the network's operational coherence.
To enhance security, ZEDXION's DPoS blockchain implements robust protocols, including slashing mechanisms designed to penalize delegates for any detected instances of malicious conduct by confiscating a portion of their stake. These measures serve as formidable safeguards, preserving the network's integrity and deterring fraudulent activities.
✅Where can you buy ZEDXION(ZEDX)?
ZEDX(Coin) and its tokens (Wrapped, Bridge, Popular) are readily accessible for users to acquire through dedicated Central and Decentralized Exchanges (ZEDXION Exchange/ZedCex Exchange/ZedDex), as well as prominent exchanges(CEXs&DEXs). Furthermore, seamless purchase, swapping, and trading options are available via Neobank'scrypto portal (ZedBank3)(ZedPay) within the ZEDX network.
-Allocation Token distribution
-ZEDXION Analytics
-Address By Holdings
$0 - $1k /X %
$1k - $100/Y%
$100k+/Z %
-Whale holdings
Whales X%
Others Y%
-Address by time held
Cruisers X%
Traders Y%
Holders Z%
-Popular Tokens on the ZEDXION Smart Chain
-Most Visited Crypyocurrencies
-Global Prices
10-Official Liks(WebSite/WhitePaper/Github/Socials/CMC/CG/MarketPlaces
2. Developer docs. Developers wishing to build on top of Zedx and its mobile-centric infrastructure or run validator nodes should consult this portal.
3. Tutorials. This part contains various consumer-focused tutorials. It can be accessed here.
💥DOCUMENTATION:
A-Learn about the Zedx Platform:
Zedx is a decentralized payments-focused platform powered underneath by the fast and low-cost Zedx blockchain.
In this section, you will be able to learn more about:
the vision and strategy behind the platform and its main components
how the Zedx blockchain works, its native ZEDX token and its governance and development
how Zedx is connected to other major chains
1-Zedx Overview:
Mision & Vision, Strategy, platform components,Algorithm
Zedx is a decentralized blockchain-powered platform and technology stack whose goal is to enable genuine mass adoption of crypto payments and decentralized finance (DeFi).
The project was launched in 2024 by a team formerly involved in building several projects aimed at bringing local currencies to the blockchain.
ZEDXION emerges as a pioneering force in the realm of neobanking, wielding the potential to revolutionize traditional financial paradigms. With its innovative approach and cutting-edge technology, ZEDXION aims to bridge the gap between fiat currencies and cryptocurrencies, ushering in a new era of financial inclusivity and efficiency.
At the forefront of this digital evolution stands ZEDXION, a NeoBanking Dpos Blockchain platform boasting a staggering market presence. With billions in trading volume within a 24-hour period and substantial financial reserves, ZEDXION represents a formidable entity in the financial landscape. Through its robust infrastructure and comprehensive suite of services, ZEDXION endeavors to empower users and cryptocurrency projects alike, fostering growth and prosperity in the digital economy.
✔️Mission and Vision:
ZEDXION is driven by a steadfast mission to provide credit to cryptocurrency projects while harmonizing fiat currencies with various digital assets. Our vision encompasses the delivery of highly profitable services to customers, underpinned by the pillars of safety, speed, and convenience. By leveraging cutting-edge financial technologies, ZEDXION aims to transcend traditional boundaries, propelling itself into the quantum era amidst the digital age's relentless evolution. Through the harmonization and tokenization of assets, ZEDXION seeks to pioneer a new frontier in the global financial industry, bridging the gap between traditional and digital realms with unparalleled efficacy and innovation.
Our mission is to provide credit to cryptocurrency projects by harmonizing fiat currencies with various cryptocurrencies and tokenization. We aim to deliver highly profitable services to customers, leveraging cutting-edge financial technologies for safety, speed, and convenience.
Tokenization represents a significant advancement in the global financial industry, bridging traditional and digital assets seamlessly. ZEDXION is at the forefront of this evolution, focusing on the transformation of assets from traditional to digital realms, propelling us into the quantum era amidst the digital age's evolution. Embracing neobanks as pivotal hubs, ZEDXION aims to facilitate the harmonization and tokenization of assets, supporting a consortium of cryptocurrency projects in adopting this transformative technology. By bolstering neobank infrastructure, ZEDXION empowers these institutions to deliver cutting-edge financial and economic services to their users.
ZEDXION supports projects seeking to align with its neobanking standards by offering comprehensive banking and crypto services.
ZEDXION Baneobank offers a suite of banking services sourced from the international banking network, coupled with crypto services derived from the ZEDXION blockchain ecosystem (including ZedCex Exchange, ZEDXION Exchange, ZedDex, and ZEDXION Smart Chain). These services are also extended to other crypto projects.
ZEDXION aims to bolster its infrastructure by fostering the development of new neobanks tailored to each interested crypto project, ensuring users receive robust financial support. Note: Each crypto neobank accesses banking and crypto services through the ZEDXION collection's API.
-ZEDXION performs harmonization and tokenization with the following sets:
📝1-ZedPay:
A user-friendly NeoBank platform for managing your assets and conducting transactions in both fiat and cryptocurrency.
https://zed-pay.com/
📝2-ZedDex:
" ZedDex facilitates decentralized trading of digital assets, ensuring security, transparency, peer-to-peer transactions, and user control for trustless operations
dex.zedxion.com
www.zeddex.com
📝3-ZEDXION Exchange:
Zedxion is a cryptocurrency centralized exchange (CEX) that offers a professional platform featuring an ultra-fast matching engine, quality customer service and multilingual community support for crypto traders of all levels. Established in March 2021
https://www.zedxion.io/en_US/
📝4-ZedCex Exchange:
Zedcex is a cryptocurrency centralized exchange (CEX) that offers a professional platform featuring an ultra-fast matching engine, quality customer service and multilingual community support for crypto traders of all levels. Established in March 2023,
https://www.zedcex.com/en_US/market
📝5-ZedScan(ZEDXION SmartChain Explorer):
ZedScan is a Block Explorer and Analytics Platform for ZEDXION Smart Chain,a pioneering NeoBanking Dpos Blockchain.
https://zedscan.net/
📝6-ZedBridge:
"ZedBridge is a cross-chain swap platform and bridge market designed for ZEDXION Smart Chainn"
bridge.zedxion.com
📝7-ZedStake:
"ZedStake involves holding and voting to earn rewards while securing the network's decentralized consensus"
stake.zedxion.com
📝8-ZedToken:
"ZedToken enables the creation of decentralized applications,token building, fostering innovation, efficiency, and transparency in economic ecosystems"
token.zedxion.com
📝9-ZedDrop:
"ZedDrop utilizes airdrops and token bulk sender mechanisms, streamlining token distribution to recipients, fostering wider adoption, and enhancing community engagement within its decentralized ecosystem"
drop.zedxion.co
-Revenue Streams:
📝Transaction Fees:
Earn revenue from transaction fees on ZedPay and ZEDXION Exchange.
📝Trading Fees:
Generate income from trading fees on ZedCex Exchange and ZedDex.
📝Cross-Chain Fees:
Charge fees for cross-chain transactions through ZedBridge.
📝Token Creation Fees:
Gain revenue from fees associated with token creation on ZedToken.
📝Service Fees:
Offer premium services and charge fees for additional features or benefits.
📝Partnership and Collaboration:
Forge partnerships with other platforms or businesses for mutual benefits and revenue sharing.
✔️Strategy:
📝Market Expansion:
Continuously expand the user base by targeting both crypto enthusiasts and mainstream users through user-friendly interfaces and educational initiatives.
📝Technology Innovation:
Invest in research and development to enhance the platform's security, speed, and scalability, ensuring a competitive edge in the market.
📝Regulatory Compliance:
Stay updated with regulatory requirements and compliance standards to ensure legal operations and build trust among users and stakeholders.
📝Community Engagement:
Foster a strong community by incentivizing participation through rewards, governance mechanisms, and transparent communication channels.
📝Partnerships and Integrations:
Collaborate with other blockchain projects, financial institutions, and businesses to expand the utility and reach of ZEDXION's ecosystem.
📝Customer Support and Education:
Provide exceptional customer support and educational resources to assist users in navigating the platform and understanding the benefits of blockchain technology.
📝Marketing and Branding:
Implement targeted marketing campaigns to raise awareness, attract new users, and establish ZEDXION as a reputable brand in the cryptocurrency and fintech industry.
By implementing this comprehensive business model and strategic strategy, ZEDXION can capitalize on its unique market position and offerings to achieve sustainable growth and success in the evolving blockchain and banking sector.
❌The Problem
The currently existing financial system falls way short of the objective of providing the people globally with access to fast, frictionless payments, attractive financial services and passive income opportunities.
This is especially relevant for the developing countries. Hundreds of millions of people there lack access even to the basic banking services, let alone access to more advanced financial opportunities. They also often have to transact using highly unstable fiat currencies, prone to episodes of sudden profound devaluation.
At the same time, even in the poorest countries, the pace of mobile phone adoption has been staggering. In sub-Saharan Africa, more people have access to mobile phones than to clean drinking water.
In addition to this, the rise of blockchain technology and cryptocurrencies has finally created the possibility for potentially anyone on the planet to send and receive funds without the permission of any entity, using currencies that cannot be manipulated.
❌What the crypto industry still lacks
However, while we are observing a lot of activity in the crypto space (especially in the crypto asset markets, and the DeFi and NFT sectors), genuine mass adoption of crypto payments and DeFi is still not there.
The currently available products and tools, with their complicated and disparate UX, are mostly geared towards sophisticated crypto users with significant financial means.
❌How we go about it
Our approach to bringing crypto payments and DeFi to the masses primarily consists in empowering other projects, businesses, organizations and communities to adopt crypto payments and decentralized finance (DeFi).
This is achieved by providing clients with convenient, mobile-first tools for creating and managing token-powered environments, as well as for onboarding users to those and enabling them to interact.
✔️Platform Components
The Zedx platform has three main components:
1) The Zedx blockchain. The EVM-compatible public blockchain is the decentralized, permissionless backbone of the Zedx platform and ecosystem.
2) The mobile-centric open-source technology stack designed to help businesses and developers plug crypto payments into real-world use cases. This toolkit has subsumed into the new Zedx Charge API platform.
3) A set of reference decentralized finance (DeFi) products and tools. The goal of these is to pave the way for the initial adoption of the platform. \
✔️Algorithmic
📝css
Copy code
Initialize ZEDXION Platform
Define Core_Services = {ZedPay, ZEDXION_Exchange, ZedCex_Exchange, ZedDex, ZedBridge, ZedToken, ZedDrop, ZedScan}
Define Revenue_Streams = {Transaction_Fees, Trading_Fees, Cross_Chain_Fees, Token_Creation_Fees, Service_Fees, Partnership_Revenue}
Define Users = {Crypto_Enthusiasts, Mainstream_Users}
Function Market_Expansion:
Loop:
Target_New_Users(Users)
Educate_New_Users(Users)
If Platform_Growth_Threshold Reached:
Break
Function Technology_Innovation:
Invest_in_RnD(Security, Speed, Scalability)
Function Regulatory_Compliance:
Stay_Compliant(Regulatory_Requirements)
Build_Trust(Users, Stakeholders)
Function Community_Engagement:
Incentivize_Participation(Rewards, Governance)
Establish_Transparent_Communication
Function Partnerships_and_Integrations:
Collaborate_with(Blockchain_Projects, Financial_Institutions, Businesses)
Expand_Ecosystem_Utility
Function Customer_Support_and_Education:
Provide_Support(Customer_Service)
Educate_Users(Blockchain_Technology)
Function Marketing_and_Branding:
Implement_Targeted_Marketing_Campaigns
Establish_Reputation(ZEDXION_Brand)
Algorithm ZEDXION_Business_Model:
While Platform_Active:
Market_Expansion()
Technology_Innovation()
Regulatory_Compliance()
Community_Engagement()
Partnerships_and_Integrations()
Customer_Support_and_Education()
Marketing_and_Branding()
If Revenue_Exceeds_Costs:
Platform_Successful = True
Else:
Adjust_Strategy()
This algorithm outlines the steps and functions involved in the ZEDXION business model, including market expansion, technology innovation, regulatory compliance, community engagement, partnerships, customer support, education, and marketing. The platform iterates through these processes while aiming to achieve profitability and success.
-Expand on each function and include more detailed steps and considerations within the algorithm:
📝css
Copy code
Initialize ZEDXION Platform
Define Core_Services = {ZedPay, ZEDXION_Exchange, ZedCex_Exchange, ZedDex, ZedBridge, ZedToken, ZedDrop, ZedScan}
Define Revenue_Streams = {Transaction_Fees, Trading_Fees, Cross_Chain_Fees, Token_Creation_Fees, Service_Fees, Partnership_Revenue}
Define Users = {Crypto_Enthusiasts, Mainstream_Users}
Function Market_Expansion:
While Platform_Growth_Threshold_Not_Reached:
Target_New_Users(Users)
Educate_New_Users(Users)
Increase_User_Adoption_Rate(Users)
Update_Metrics(User_Growth, Market_Share)
Function Technology_Innovation:
For each Technology_Aspect in {Security, Speed, Scalability}:
Improve(Technology_Aspect)
Evaluate_Impact(Platform_Performance)
Update_Metrics(Technology_Index)
Function Regulatory_Compliance:
While Regulatory_Requirements_Change:
Ensure_Compliance(Regulatory_Bodies)
Monitor_Regulatory_Landscape
Adapt_Policies_and_Practices
Function Community_Engagement:
While Platform_Active:
Incentivize_User_Participation(Rewards)
Facilitate_Communication(Governance)
Gather_Feedback(Community_Surveys)
Address_Community_Concerns
Function Partnerships_and_Integrations:
While Platform_Active:
Identify_Potential_Partners(Blockchain_Projects, Financial_Institutions, Businesses)
Negotiate_Partnership_Terms
Integrate_with_Partner_Platforms
Evaluate_Partnership_Effectiveness
Function Customer_Support_and_Education:
While Platform_Active:
Provide_24/7_Customer_Support(Service_Channels)
Offer_Educational_Resources(Webinars, Tutorials)
Monitor_User_Satisfaction(Feedback, Reviews)
Continuously_Improve_Support_Services
Function Marketing_and_Branding:
While Platform_Active:
Analyze_Market_Trends_and_Competitors
Develop_Targeted_Marketing_Strategies
Promote_ZEDXION_Brand(Events, Social_Media)
Measure_Marketing_Effectiveness(Return_on_Investment)
Algorithm ZEDXION_Business_Model:
While Platform_Active:
Market_Expansion()
Technology_Innovation()
Regulatory_Compliance()
Community_Engagement()
Partnerships_and_Integrations()
Customer_Support_and_Education()
Marketing_and_Branding()
If Revenue_Exceeds_Costs:
Platform_Successful = True
Else:
Adjust_Strategy()
This expanded algorithm provides a more detailed outline of the processes involved in each function of the ZEDXION business model. It includes iterative steps for market expansion, technology innovation, regulatory compliance, community engagement, partnerships, customer support, education, and marketing. The platform continuously monitors metrics and adjusts strategies to ensure success in the dynamic cryptocurrency and fintech landscape.
✔️Expand on the ZedPay harmonized code and algorithm in more detail, focusing on integrating digital assets and traditional assets within the Neobank:
📝
Copy code
# Initialization
Initialize ZEDXION Platform
Define Core_Services = {ZedPay, ZEDXION_Exchange, ZedCex_Exchange, ZedDex, ZedBridge, ZedToken, ZedDrop, ZedScan}
Define Revenue_Streams = {Transaction_Fees, Trading_Fees, Cross_Chain_Fees, Token_Creation_Fees, Service_Fees, Partnership_Revenue}
Define Users = {Crypto_Enthusiasts, Mainstream_Users}
# Market Expansion
Function Market_Expansion:
While Platform_Growth_Threshold_Not_Reached:
Identify_Target_Markets(User_Segments)
Analyze_User_Behavior(Trends, Preferences)
Develop_User_Acquisition_Strategies(Targeted_Marketing, Referral_Programs)
Implement_Educational_Campaigns(Crypto_Literacy, Platform_Usage)
Track_User_Onboarding(Conversion_Rates, Retention)
Adjust_Strategies_based_on_Metrics(Feedback_Loops)
✔️ZedSpider Network:
To support and develop Several Cryptocurrencies within the ZedSpider network, we'll need to create a scalable and efficient system for managing these currencies.
Detailed implementation:
📝Copy code
import threading
import time
# Define CryptoCurrency class
class CryptoCurrency:
def __init__(self, name, symbol, category):
self.name = name
self.symbol = symbol
self.category = category
self.price = 0.0 # Placeholder for price (can be updated from an external API)
self.balance = 0.0 # Placeholder for user balance
# Define Neobanking system class
class NeobankingSystem:
def __init__(self):
self.supported_currencies = []
def add_currency(self, currency):
self.supported_currencies.append(currency)
def remove_currency(self, currency):
self.supported_currencies.remove(currency)
def update_currency_price(self, currency_name, price):
for currency in self.supported_currencies:
if currency.name == currency_name:
currency.price = price
# Define ZedSpider Network
class ZedSpiderNetwork:
def __init__(self):
self.neobanking_system = NeobankingSystem()
self.currency_management_lock = threading.Lock()
def add_supported_currencies(self, currencies):
with self.currency_management_lock:
for currency in currencies:
self.neobanking_system.add_currency(currency)
def remove_supported_currency(self, currency):
with self.currency_management_lock:
self.neobanking_system.remove_currency(currency)
def update_currency_prices(self, currency_prices):
with self.currency_management_lock:
for currency_name, price in currency_prices.items():
self.neobanking_system.update_currency_price(currency_name, price)
# Function to simulate updating currency prices from an external API
def simulate_currency_price_update(zed_spider_network):
while True:
time.sleep(5) # Simulate update every 5 seconds
currency_prices = {
"Bitcoin": 45000.0, # Example prices (can be obtained from a real API)
"Ethereum": 3000.0,
"Litecoin": 150.0,
# Add more currencies here
}
zed_spider_network.update_currency_prices(currency_prices)
# Main function
def main():
# Create ZedSpider network
zed_spider_network = ZedSpiderNetwork()
# Define supported cryptocurrencies
supported_currencies = [
CryptoCurrency("Bitcoin", "BTC", "Neobanking"),
CryptoCurrency("Ethereum", "ETH", "Neobanking"),
CryptoCurrency("Litecoin", "LTC", "Neobanking"),
# Add more currencies here
]
# Add supported currencies to ZedSpider network
zed_spider_network.add_supported_currencies(supported_currencies)
# Start a thread to simulate updating currency prices from an external API
price_update_thread = threading.Thread(target=simulate_currency_price_update, args=(zed_spider_network,))
price_update_thread.daemon = True
price_update_thread.start()
# Simulate main program execution
while True:
# Perform other operations here
time.sleep(1) # Placeholder for main program execution
if __name__ == "__main__":
main()
Explanation:
The CryptoCurrency class represents a cryptocurrency with attributes like name, symbol, category, price, and balance.
The NeobankingSystem class manages supported cryptocurrencies, allowing addition, removal, and updating of currency prices.
The ZedSpiderNetwork class represents the network responsible for managing the neobanking system and currency management.
The simulate_currency_price_update function simulates updating currency prices from an external API.
In the main function, we create the ZedSpider network, define supported cryptocurrencies, add them to the network, and start a thread to simulate updating currency prices.
This code provides a framework for managing fifty to hundred cryptocurrencies within the ZedSpider network, supporting neobanking operations efficiently.
📝The Cryptocurrency class represents a cryptocurrency with attributes like name, market cap, liquidity pool, and price.
The ZedSpiderNetwork class manages the cryptocurrencies within the network, allowing addition, removal, and updating of liquidity pools.
The simulate_liquidity_pool_updates function simulates updating liquidity pools for each cryptocurrency.
In the main function, we create the ZedSpider network, define cryptocurrencies with market caps, add them to the network, and start a thread to simulate liquidity pool updates.
The main program continuously calculates and displays the momentary support for each cryptocurrency based on their liquidity contributions relative to their market caps.
This approach provides a scalable and dynamic solution for managing intertwined cryptocurrency liquidity pools within the ZedSpider network, ensuring sufficient liquidity and support for the network's operations.
📝The provided code implements a ZedSpider network, a sophisticated system designed to manage intertwined cryptocurrency liquidity pools with a combined market cap exceeding two hundred billion dollars. Here's a summary of the key components and functionalities of the code:
📝Cryptocurrency Class:
Defines a class to represent individual cryptocurrencies within the network. Each cryptocurrency object holds attributes such as name, market capitalization (market cap), liquidity pool, and price.
📝ZedSpiderNetwork Class:
Manages the collection of cryptocurrencies within the network. This class provides methods to add and remove cryptocurrencies, update liquidity pools, and calculate momentary support.
📝Main Functionality:
Initialization: Initializes the ZedSpider network and defines initial cryptocurrencies with their respective market caps.
📝Liquidity Pool Updates:
Simulates the periodic updating of liquidity pools for each cryptocurrency. This process mirrors real-world dynamics where liquidity pools are subject to continuous changes.
📝Momentary Support Calculation:
Calculates the momentary support for each cryptocurrency based on their liquidity contributions relative to their market caps. This provides insight into the network's overall stability and support levels.
📝Threading:
Utilizes threading to simulate concurrent execution of tasks, such as liquidity pool updates, ensuring efficient use of resources and timely processing.
📝Continuous Monitoring:
The main program continuously monitors and displays momentary support for each cryptocurrency at regular intervals. This allows network operators to stay informed about the network's current state and make informed decisions.
📝The code presents a comprehensive implementation of a ZedSpider network capable of managing a diverse set of intertwined cryptocurrency liquidity pools, fostering stability and resilience in the rapidly evolving cryptocurrency landscape.
-Break down the code into smaller sections and explain each part in more detail:
📝Cryptocurrency Class:
This class represents individual cryptocurrencies within the ZedSpider network.
Attributes:
name: Name of the cryptocurrency.
market_cap:
Market capitalization of the cryptocurrency, indicating its total value in the market.
liquidity_pool:
Amount of liquidity available for the cryptocurrency within the network.
price: Current price of the cryptocurrency.
ZedSpiderNetwork Class:
Manages the collection of cryptocurrencies within the network.
Provides methods to add and remove cryptocurrencies, update liquidity pools, and calculate momentary support.
Utilizes a locking mechanism (Lock) to ensure thread safety when updating liquidity pools.
📝Main Functionality:
Initialization:
Creates an instance of the ZedSpider network (zed_spider_network).
Defines initial cryptocurrencies with their respective market caps and adds them to the network.
Liquidity Pool Updates:
Simulates the periodic updating of liquidity pools for each cryptocurrency within the network.
This process mimics real-world scenarios where liquidity pools constantly change due to various factors.
Momentary Support Calculation:
Calculates the momentary support for each cryptocurrency based on its liquidity contribution relative to the total market cap.
Provides insights into the network's stability and support levels.
📝Threading:
Utilizes Python's threading module to simulate concurrent execution of tasks.
Specifically, a separate thread is used to simulate liquidity pool updates, allowing for parallel execution alongside other operations.
Continuous Monitoring:
The main program continuously monitors and displays momentary support for each cryptocurrency at regular intervals.
This continuous monitoring enables network operators to stay informed about the network's current state and make informed decisions.
By breaking down the code into smaller sections and explaining each part, you can better understand how the ZedSpider network operates and how each component contributes to its functionality. This breakdown should make it easier to identify and comprehend the code's structure and purpose.
2-The ZEDX Blockchain
Network Overview and Key Metrics
ZEDX is the decentralized EVM-compatible public blockchain that powers the Zedx platform and ecosystem. It is fully compatible with Ethereum meaning that any smart contract that can be deployed on the latter can also run on top of ZEDX.
The Zedx blockchain uses a variant of delegated Proof of Stake (dPoS) for achieving consensus. The consensus is secured by a significant number of independent validators, only one of which is run by the ZEDX core team.
Validators are also responsible for the most important type of governance on Zedx, namely, adopting the network protocol changes via Zedx Improvement Proposals (FIPs).
The native token of the network is called ZEDX. New ZEDX tokens are issued with every added block and are also use to pay for gas, just like ETH on Ethereum.
The ZEDX blockchain is designed to ensure fast block confirmation times and a low cost of transactions. The average block interval on ZEDX is around 5 seconds, and it currently costs much less than $0.01 to get a transaction confirmed.
In its present capacity, the ZEDX blockchain is capable of processing around 120 native token transfers and 60 ZED20 token transfers per second. The faster processing of native token transfers is due to the fact that they do not involve computations run on the network's virtual machine.
📝Discovering the Network:
The following information will help you discover and connect to the Zedx blockchain:
Network name: ZEDX
ChanId: 83872
Gas price: 1.500000007 gwei
official RPC: https://mainnet-rpc.zedscan.net/
Explorer: http://zedscan.net/
📝ZEDX Consensus
Consensus refers to the agreement process between nodes in a network. The nodes must agree on which transactions to include in the next block on the chain before these transactions are committed.
There are 2 aspects to the process - the actual consensus mechanism to add transactions to blocks, and Sybil protection and validator incentives.
✔️Sybil protection and incentives via delegated proof of stake
Zedx uses delegated Proof of Stake (dPoS) to provide Sybil protection and align the validator incentives.
In order to participate in securing the network consensus, a node operator must stake a minimum required amount of ZEDX tokens (currently set at 100,000 ZEDX). Becoming a validator on Zedx is permissionless, meaning that a node operator just needs to satisfy certain technical requirements. The need to stake ZEDX ensures that an entity cannot create multiple seemingly distinct validators without incurring a significant cost. Hence, the Sybil protection. Currently, the maximum number of validators on Zedx is 100.
The validator who publishes a block agreed upon during a given consensus round is rewarded by the network protocol in newly minted ZEDX tokens. They also receive the fees users paid for the transactions included into the block.
Over time, validators can expect to publish a share of blocks equal to their share of the overall stake. Since ZEDX uses dPoS, a validator can increase their share by attracting ZEDX tokens from delegators. The mechanics of delegation on ZEDX are discussed in more detail on the following page.
Validators who violate the consensus rules (by, for instance, not revealing random numbers) can expect their stake (including the delegators' contribution) to be frozen. This provides a strong incentive for validators to behave in the desired manner.
✔️The AuRa Consensus Model
Zedx currently uses Parity's AuRa (Authority Round) consensus model to append blocks to Zedx. This consensus mechanism is also notably used by the xDAI blockchain.
In this model, the validators take turns signing blocks. A signed block is broadcast to all validators, and if the majority agree it is valid, it is added to the chain. A new block is added every 5 seconds, regardless of whether any transactions occurred during that time.
Although, in theory, achieving transaction finality in this model may take some time, for practical purposes, a transaction on Zedx can be considered finalized after a single block confirmation.
📝Delegation through Staking with Validators
As discussed on the previous page, Zedx validators can boost their share of the overall consensus stake by attracting funds from other users who do not run validator nodes themselves.
Those users are referred to as 'delegators.' A delegator is free to choose any validator (or validators) and stake any amount of ZEDX with them to participate. The most convenient way to delegate ZEDX to a validator is via the Zedx Staking platform.
A delegator receives the share of Zedx block rewards proportionate to their stake minus the fee paid to their chosen validator. The minimum fee is currently set at 15%. This value was chosen to mitigate the risk of validator consolidation through offering very low delegation fees.
Currently, delegators are allowed to unstake their ZEDX at any time but plans are in motion to introduce a minimum staking period.
📝Ethereum (EVM) Compatibility and Smart Contracts
In addition to the information about the transactions processed by Zedx, its nodes also permanently store and update the code and current state of smart contracts. Smart contracts are computer programs (persistent scripts) that anyone can interact with by sending transactions invoking them. Smart contracts also have their own accounts which can hold token balances.
On the network nodes, smart contracts are stored and executed in a special environment called 'virtual machine' (VM). The Zedx blockchain is currently broadly compatible with Ethereum's virtual machine (EVM).
This means that any smart contract or decentralized application (dApp) that can be deployed on Ethereum or another EVM-compatible chain will also function if deployed on ZEDX, including the ZED20 and ERC721 standard-compatible contracts, for instance. No modification of the smart contract code is required.
📝Boosting ZEDX's Scalability
Scalability is a challenge faced by all public blockchains, and Zedx is no exception. Although, currently, the Zedx blockchain is far from being saturated by the incoming transactions the project team is keenly aware that this may change at any moment.
Hence, research has been ongoing into the potential options for boosting the scalability of Zedx without significantly sacrificing decentralization and security.
One approach the Zedx team has been considering closely for boosting scalability is optimistic rollups. We have been carefully researching the available options, including Arbitrum and Optimism and we hope to be able to update our community soon on the state and future direction of that effort.
Another line of research and development work has been around Flutter Layer 2 payments (FL2P) relying on zero-knowledge (ZK) rollup technology. It involves processing most of the transactions within a ZK-enabled second layer environment and periodically batching or 'rolling up' transactions as a single ZK proof on the Layer 1 blockchain.
FL2P is an SDK that will enable developers to integrate ZK rollups directly into their mobile crypto wallet software. As Zedx's ecosystem is mobile-centric, the integration of FL2P into the Zedx wallet technology will allow scaling a lion's share of the network transactions.
3-ZEDX Token (ZEDX)
The ZEDX token is the native currency of the Zedx blockchain and platform, just like ETH on Ethereum.
📝ZEDX utility:
Transaction fees Being the native currency on the Zedx blockchain, ZEDX is required to pay fees to the network in order to approve transactions.
Validation Token holders can stake Zedx to become a validator. The minimal staking requirement is 10K. The network is growing, currently there are 60 validators. (https://status.zedscan.net/)
Voting Validators vote on protocol changes with their staked ZEDX. Which means validators with higher amounts of Zedx staked can have a bigger vote on network upgrades and governance changes (until phase 2 where delegation is activated)
Staking (for delegators) Any ZEDX holder can choose one or more validators to delegate any amount of ZEDX they wish. They receive a share of the Zedx block rewards proportionate to the share of their stake in the total stake, minus the minimum 15% fee paid to the validator(s).
Payments As ZEDX is the native currency on Zedx, sending it does not require interactions with smart contracts. Thus, ZEDX transfers are potentially faster and less costly in terms of transaction fees.
IMPORTANT: Merely possessing any amount of ZEDX tokens does not endow holders with any rights to participate in the governance of the Zedx platform or any revenue streams related to its real-world performance.
📝Obtaining ZEDX
-Where to Buy
ZEDX is available for purchase on a number of centralized (CEX) and decentralized DEX exchanges.
Centralized exchanges: Gate.io, Huobi Global, MEXC Global, AscendEX, Bimart, Bittrex Global
DEXes: Uniswap V2 and V3 (Ethereum), PancakeSwap (Binance Smart Chain), Quickswap (Polygon), Voltage DEX (Zedx), Sushiswap (Zedx), 1inch (Ethereum), KyberSwap (Ethereum), Loopring (Ethereum).
The best information about the ZEDX trading volumes and prices on various exchanges can be found on the Coingecko "Markets" page for the token.
A convenient current way of purchasing ZEDX straight from one's bank account is through using the Zedx Cash wallet to deposit Zedx Dollars, and then swapping those to ZEDX via the in-app integration with Voltage DEX.
-Where to Farm
At the moment, the ZEDX token is sometimes used by the project team to power liquidity rewards (yield farming) programs to boost liquidity on DEXes and the participation in the Zedx Lending Network.
The ongoing liquidity rewards programs on DEXes can be discovered here.
-Other ways of obtaining ZEDX
From time to time, the Zedx team uses ZEDX to pay rewards to the members of the community for various forms of participation and community engagement. The best way to stay up-to-date about these opportunities is to follow Zedx's social channels.
The ZEDX token is also used to power Zedx grants and bounties. Please consult the Grants and Bounties section for more details
📝ZEDX Tokenomics:
Currently, the ZEDX token supply is set to follow a mildly inflationary model.
With each new block created every 5 seconds on Zedx, the validator who creates it, and the delegators who staked with them, receive the block rewards in newly issued ZEDX tokens. This is designed to secure the network's consensus mechanism.
The reward amount per block is currently set such that every year, the ZEDX total supply increases by approximately 5%.
The main reason for choosing an inflationary model at the early development stage was to ensure a certain predictability of the flow of revenue for network validators and delegators. If they had to exclusively rely on transaction fees as the reward for staking ZEDX and validating, it would be harder for them to predict their future returns, as transaction activity on the network can fluctuate a lot. The relative predictability of validator revenue is an important assumption behind the blockchain consensus theory on which the Zedx consensus mechanism is based.
Having substantial block rewards also makes it possible to keep transaction fees on the network low, facilitating adoption of Zedx.
Potential inflation reduction
A Zedx Improvement Proposal aimed at reducing the ZEDX inflation is currently under discussion by the community. If adopted by the validators, it will result in an annual inflation rate of 2% for third year of the network's existence and a fixed amounts of tokens issued in the subsequent years.
You can find the text of the proposal and the discussion here.
📝Exchanges, Wallets, On-Ramps and DeFi Tools Supporting ZEDX
Exchanges:
Centralized
Decentralized
Wallets
ZedWallet
Metamask
Metamask Mobile
Trust Wallet (Binance Smart Chain)
DeFi Tools
Zedx Staking
Zedx Rewards
Zedx Lending Network
Staking Rewards
📝ZEDX on Other Chains
Interoperability with other major blockchains is important for the growth of Zedx and the prospects of realizing its vision. One of the ways of securing it is through enabling the versions (wrappers) of ZEDX on other chains.
Unlinke ZEDX on Zedx, those wrappers are ZED20 tokens are created whenever someone locks a certain number of tokens on the Zedx and gets issued the exact same amount of wrapper tokens on the target blockchain. If a user withdraws the wrapper from the target blockchain, the tokens burned and the ZEDX tokens on Zedx are unlocked.
Currently, wrapped versions of ZEDX token exist on Ethereum (mainnet), Binance Smart Chain and the Arbitrum One layer-2 optimistic rollup chain for Ethereum. The latter is a wrapper of a wrapper powered by the Ethereum-Arbitrum bridge and its withdrawals from Arbitrum are subject to the optimistic rollup rules.
✅ZEDXION (Coin&Tokens)
1)ZEDXION Smart Chain
Ecosystem: Dpos Blockchain✅
CMC : Listed✔️
Projects: ZedScan/ZedBridge/ZedStake/ZedToken/ZedWallet/ZedDrop
-Coin Name:
✅ZEDXION
-Symbol:
✅ZEDX
✅Network Name:
ZEDXION
RPC Url:
https://mainnet-rpc.zedscan.net
Chain ID:
83872
Symbol:
ZEDX
Block Explorer URL:
https://zedscan.net/
✅ZEDX(Bep20) Token
https://bscscan.com/token/0xca30e772e4bd5f38ed775e6f8c57c6ffcb3c931f
✅ZEDX(ERC20) Token
https://etherscan.io/token/0x469b7aeba4fbfca20efc563c49d0c74445179d59
2)Wrapped Token:
Ecosystem: Wrapped
CMC: Will be listed✔️
Project: Wrapped
-Token Name:
✅Wrapped ZEDXION
-Symbol:
✅WZEDX(ZED20)
https://zedscan.net/token/0x3F7BE9DB9d37bd89c3Fa722BB29bA17300C18fc8
✅WZEDX(BEP20)
https://bscscan.com/token/0x567556a7493fb7a22d2fd158dd4c766a98705f96?a=0x02a76001b36e9af913bf6addda16e6ce82da0e2c
3)StableCoin:
Ecosystem: StableCoin
CMC:Listed✔️
https://coinmarketcap.com/currencies/usdz/
Project:StableCoin
Token Name:
✅ZEDXION
-Symbol
✅USDZ(ZED20)
https://zedscan.net/token/0x36A261A59D54225f3cAC185C08229ae01C79fc41
✅USDZ(BEP20)
https://bscscan.com/token/0x734D66f635523D7ddb7d2373C128333DA313041b
4)DEX:
Ecosystem:DEX
CMC: Will be listed✔️
Project: ZedDex
-Token Name:
✅ZedDex
-Symbol:
✅ZED(ZED20)
https://zedscan.net/token/0x5B0F21f60116b9463210C00C7A1A6A46E26BFA33
✅ZED(BEP20)
https://bscscan.com/token/0xd79d8fa7b9e4ee8a4a2ffa1744c9f480096e9684?a=0x02a76001b36e9af913bf6addda16e6ce82da0e2c
5)Free Cross Chain Tokens:
Ecosystem: Central Exchange
CMC: Listed✔️
https://coinmarketcap.com/currencies/zedxion/
Projects: ZEDXION Exchange
ZedCex Exchange
-Token Name:
✅ZEDXION
-Symbol:
✅ZEDXION(BEP20)
https://bscscan.com/token/0xff44967f2E4EBE0b8c5b6812f25e1b9BceC70b34
✅ZEDXION(ERC20)
https://etherscan.io/token/0xbafdabadcf19d0cfbbe0ab9c69cf050d86ff888c
✅ZEDXION(TRC20)
https://tronscan.org/#/token20/TUP3g7kbaESRFRhULeA19USSrcVBEpWLVY
✅ZEDXION(ZED20)
https://zedscan.net/token/0x60DC0bBdd20E5c9cE0129b55299A242AefFb9Ac7
4-Interoperability
Here, you can find the information that can help you navigate the interoperability options that you can use to transfer tokens to and from the Zedx blockchain.
The Zedx team strongly believes in interoperability among public blockchains. No single platform is likely to become fully dominant in the future.
Hence, interoperability solutions enabling transfers between Zedx and other blockchains are vital for the continued growth of the Zedx platform and ecosystem.
5-Zedx Governance and Development
Zedx is already a significantly decentralized platform and plans are in motion to achieve full community control over it in the future. Its governance is currently split among the following actors:
1) Network Validators. Zedx validators are entrusted with deciding whether to adopt Zedx improvement proposals (FIPs). Currently, every validator has one vote regardless of their share of the overall network stake but this is likely to change soon.
2) Zedx Foundation and the project team. Like most public blockchain projects at the initial stage of development, the development of the core network protocol and the Zedx treasury that mostly consists of the undistributed genesis ZEDX supply (see the subsection "ZEDX Supply and Current Distribution") are currently mostly managed by a foundation. For Zedx, this role is played by Gibraltar-incorporated company Zedx Limited.
Zedx Foundation employs the Zedx project team whose members' profiles can be found here.
The project team implements network protocol updates adopted by the validators, other protocol changes that do not require validator votes, maintains the full node software. It develops the mobile-centric infrastructure for creating and managing token communities on Zedx. It also works on boosting the adoption of the network through improving the Zedx tech stack, securing new partnerships and integrations, onboarding ecosystem projects and marketing the platform within the crypto space and beyond.
That said, since Zedx is a decentralized public blockchain platform, no permission of the project team is required for anyone who wishes to integrate with or develop on top of Zedx, including the development of the network and node software.
3) Zedx Assembly. See the Assembly page for more details.
📝Zedx Assembly
Zedx Assembly is a governance body formed from particularly active members of the Zedx community. Its formation is the first step in transitioning full governance and ownership over the Zedx platform to the community.
Currently, Zedx Assembly consists of five Zedx ecosystem members independent from Zedx Foundation who have shown consistent dedication and commitment to the project, and already have a voice within the community.
Zedx Assembly's current role includes the following:
taking over the control over the Zedx Forum community discussion platform;
implementing the Snapshot voting mechanism on Zedx; and
managing the Community Token Pool.
Community Token Pool
Zedx Assembly's budget will be initially constituted by the Community Token Pool. Each month, 200,000 ZEDX will be allocated to it from the Zedx Bootstrap Pool (discussed here).
Zedx Assembly will regularly distribute the Community Token Pool funds to finance grants, bounties, marketing, and other initiatives designed to serve communities building on the platform and drive innovation.
Current Assembly members
1. Rob Brown, PhD
Council Chairman
Rob is a software developer and business operations expert with over 20 years of experience. He runs Fuseprime, an independent organization that was one of the first validators on Zedx, and has been heavily involved in Zedx community management and strategic project development since 2019.
2. Luc Lammers
Council Member, Business & Marketing
Luc **** is a business development expert, SaaS leader, and startup enthusiast. He has been a committed member of the Zedx ecosystem since mid-2020 and brings a depth of growth-oriented experience to the team.
3. Lucas @ Zedx Core
Council Member, Business & Finance
Lucas is a financial expert and bank-less enthusiast with over 16 years of experience in financial management and consulting. Lucas joined the Zedx ecosystem in late 2020 and runs a validator. He brings an extra dimension to the development and presentation of Zedx in the business community.
4. Bertrand Juglas
Council Member, Technology
Bertrand brings over twenty years of open-source engineering and DevOps experience to the team, having worked extensively with Linux and other leading technologies. He was originally introduced to Zedx whilst working on the GoodDollar project where he remains a leading voice and prominent community member.
5. Jan Owiesniak
Council Member, Business & Technology
Jan has over 10 years of business and software development experience and currently serves as CTO and co-founder of an Augmented Reality platform designed to drive customer loyalty and boost sales. Having joined the Zedx ecosystem more recently in 2021, Jan has shown an enormous amount of commitment, providing support and feedback across the various different technologies that we are building.
6. Maor Stamati
Council Member
Maor is a software developer, a long-time active participant of the Zedx community and a co-founder of Flambu.
📝Zedx Improvement Proposals (FIPs)
FIPS are Zedx Improvement proposals that are published on Github and extend capabilities of the network and improve it over time. Proposals can be suggested by any entity and discussed under this Github repository:
FIPs/FIPS at master · fuseio/FIPsGitHub
After proposing and discussing every proposal, the proposal that will be implemented are voted on by the validators before upgrading the network.
6-Wallets supporting ZEDX
The following wallets currently support the ZEDX blockchain.
B-Zedx for Business
While the Zedx platform strives to provide crypto users with a solid range of options they expect to see on a major EVM-compatible blockchain, including wallets, decentralized finance (DeFi), NFTs, and so on, our main focus remains developing Zedx into alternative rails for the global payments industry. We want a future where hundreds of millions of people worldwide use crypto for their everyday needs.
However, it is our conviction that most consumers will not use the blockchain for payments directly, as crypto-savvy people do now, at least in the foreseeable future. Most people are not prepared to run their bank accounts directly on-chain and be exposed to the friction and risks involved.
Instead, applications will need to be built that will make the experience of making payments and other financial transactions as smooth and close to what users have become familiar with while using modern payment apps like Venmo and Revolut. These will run on top of the blockchain but they will not force users to handle private keys or pay transaction fees.
This section provides an introduction to the Zedx tools that businesses and other organizations can already put to use to develop just such applications.
C-Things you can do on Zedx
✔️Interacting with the Zedx Blockchain
Adding Zedx RPC:
Please refer to the guide here.
Wallets supporting the Zedx blockchain:
Metamask, imToken, Math Wallet, AlphaWallet, Brave Wallet, BitKeep, Krystal, SafePal, Zedx Cash, TokenPocket (RPC needs to be added manually), Zedx Wallet
On-ramps to Zedx:
Ramp Network, XanPool, Transak
✔️Zedx Ecosystem
📝Projects and platforms building or built upon or partnering with Zedx
The Zedx ecosystem has seen massive growth since the launch of the platform in 2019. It includes the following key elements:
1) Basic infrastructure. This category includes:
Zedx-operated tools like the Zedx RPC, Zedx Explorer, Zedx Staking, etc.
Zedx's mobile-centric B2B infrastructure enabling corporate clients to create token-powered applications and on-board clients via mobile wallets and apps.
Other basic infrastructure providers like Pocket Network (decentralized full node layer), The Graph (smart contract indexing), Chainlink and DIA (oracles)
Fiat on- and off-ramps, including, among others, Ramp Network, XanPool and Transak.
2) Interoperability tools. This includes multichain bridge and inter-chain transfer protocols, such as Multichain (previously Anyswap), Connext, the Voltage bridge, Elk Finance and others.
3) Payment-focused applications built on top of Zedx's B2B infrastructure. These include, among others, Peepl, GoodDollar, Kolektivo, Comunitaria and Flambu.
4) Centralized and decentralized exchanges (on other chains) where Zedx's native ZEDX token and other Zedx-powered assets are traded. The most prominent CEXs are Gate.io, Huobi Global and MEXC. Notable DEXs on other chains include Uniswap (V2 and V3), PancakeSwap and QuickSwap.
5) DeFi tools. The DeFi space on Zedx is led by the community-governed Voltage Finance (formerly FuseFi) platform. Other major DeFi platforms include Sushi, Beefy Finance and Elk Finance.
6) NFTs, metaverses and gaming. The most prominent NFT projects on Zedx include the Artrific and tofuNFT marketplaces, Cozy Cosmonauts and Zedx Foxes. The first metaverse to soon be deployed on Zedx is Tollan Worlds.
7) Wallets and dApp browsers. These include, among others, Zedx Cash, MetaMask, Brave Wallet, BitKeep, Math Wallet.
8) Other tools, aggregators, trackers, bounties, etc. Among these, the most noteworthy are DappRadar, Dapp.com, Staking Rewards, DeBank, ImmuneFi.
You can explore the Zedx ecosystem in full by visiting the dedicated page on the Zedx official website.
📝ZedSpiderNetwork
Attributes:
cryptocurrencies:
A list that stores instances of the Cryptocurrency class representing the cryptocurrencies managed by the network.
liquidity_lock:
A threading lock used to ensure thread safety when updating liquidity pools.
Methods:
add_cryptocurrency(cryptocurrency):
Adds a new cryptocurrency to the network.
remove_cryptocurrency(cryptocurrency): Removes a cryptocurrency from the network.
update_liquidity_pool(cryptocurrency_name, liquidity_amount): Updates the liquidity pool of a specified cryptocurrency by a given amount.
calculate_momentary_support():
Calculates the momentary support for each cryptocurrency based on its liquidity contribution relative to the total market cap.
📝Main Functionality:
Initialization:
Creates an instance of the ZedSpiderNetwork class (zed_spider_network).
Defines initial cryptocurrencies with their respective market caps and adds them to the network using the add_cryptocurrency method.
Liquidity Pool Updates:
Utilizes a separate thread (liquidity_update_thread) to simulate periodic updates to the liquidity pools of cryptocurrencies within the network.
Simulates liquidity pool updates for each cryptocurrency by modifying the liquidity_pool attribute.
Momentary Support Calculation:
Calculates the momentary support for each cryptocurrency by dividing its market cap by the total market cap of all cryptocurrencies in the network.
Multiplies the support ratio by the liquidity pool of each cryptocurrency to determine its momentary support contribution.
Threading:
Utilizes Python's threading module to simulate concurrent execution of tasks, such as liquidity pool updates.
Ensures that liquidity pool updates can occur simultaneously with other operations, enhancing efficiency and responsiveness.
Continuous Monitoring:
The main program continuously monitors and displays momentary support for each cryptocurrency at regular intervals.
Allows network operators to stay informed about the network's current stability and support levels, aiding decision-making processes.
These details provide a comprehensive understanding of each component's purpose and functionality within the ZedSpider network implementation.
📝Dynamic ZedSpider:
This model of the algorithm can be referred to as the
"Dynamic Cryptocurrency Liquidity Management System"
within the ZedSpider network.
As for examples in the world, while there may not be an exact replica of the ZedSpider network, the concepts and functionalities implemented in this algorithm are reflective of real-world cryptocurrency exchanges and liquidity management systems.
Several cryptocurrency exchanges, such as Binance, Coinbase, and Kraken, employ similar mechanisms for managing liquidity pools, tracking market capitalization, and providing momentary support for various cryptocurrencies traded on their platforms. Additionally, decentralized finance (DeFi) platforms and liquidity pool protocols, like Uniswap and SushiSwap, also utilize dynamic liquidity management systems to ensure efficient trading and provide liquidity to users.
While the specifics may vary, the fundamental principles of managing cryptocurrency liquidity in a dynamic and interconnected network are common across various real-world examples in the cryptocurrency ecosystem.
-The model described, the "Dynamic Cryptocurrency Liquidity Management System" within the ZedSpider network, aligns more closely with the third generation of digital money rather than the fourth generation of quantum money.
📝Third Generation Digital Money(Money3.0):
This generation focuses on enhancing the efficiency, scalability, and interoperability of digital currencies.
The model emphasizes managing cryptocurrency liquidity pools, calculating momentary support, and ensuring stability and support within the network.
It leverages threading for concurrency, simulates real-world dynamics, and continuously monitors and adjusts liquidity pools, reflecting advancements in digital currency management.
📝Fourth Generation ZedQuantum Money(ZedMoney+):
Fourth-generation digital money typically involves the integration of quantum computing principles, such as quantum cryptography and quantum-resistant algorithms, into financial systems.
While ZedQuantum technologies may enhance security and transaction processing speed, the model described does not explicitly incorporate ZedQuantum computing principles or ZedQuantum-resistant cryptography.
The focus of this model is more on the management and optimization of cryptocurrency liquidity within a network, rather than on quantum computing or quantum money principles.
Therefore, placing this model within the context of the third generation of digital money is more appropriate, as it aligns with the advancements and innovations seen in digital currency management and exchange
📝ZedQuantum economic theory :
is an emerging field that applies principles from quantum physics to economic phenomena. While still in its early stages, it explores concepts such as uncertainty, superposition, entanglement, and parallelism in economic models and decision-making processes.
To define and load data with quantum economic theory, we would need to integrate quantum concepts into economic models and datasets. Here's a general approach to defining and loading data with quantum economic theory:
📝Define Economic Models with ZedQuantum Concepts:
Incorporate ZedQuantum principles such as superposition and entanglement into economic models. For example, represent economic agents as quantum particles in superposition states, where they can exist in multiple states simultaneously.
Utilize ZedQuantum-inspired algorithms for optimization, decision-making, and prediction within economic models.
Quantum Data Representation:
Represent economic data using quantum states or ZedQuantum-inspired representations. This could involve encoding economic variables and relationships into qubits, the fundamental units of quantum information.
Use quantum algorithms for data processing tasks such as clustering, classification, and regression analysis.
Data Loading Process:
Gather economic data from various sources, including financial markets, government reports, and surveys.
Preprocess the data to ensure compatibility with quantum-inspired representations and algorithms. This may involve encoding numerical data into quantum states or transforming datasets into suitable formats for quantum processing.
Load the preprocessed data into quantum computing environments or quantum-inspired computing platforms for analysis and modeling.
Analysis and Modeling:
Apply ZedQuantum algorithms and techniques to analyze economic data and derive insights. This may include quantum machine learning algorithms for pattern recognition and anomaly detection.
Use ZedQuantum-inspired optimization algorithms to optimize economic processes, such as portfolio management, resource allocation, and supply chain optimization.
Explore the implications of quantum economic models and their predictions for decision-making in finance, policy-making, and business strategy.
Evaluation and Validation:
Evaluate the performance and accuracy of quantum economic models against traditional economic models and real-world data.
Validate the insights and predictions derived from quantum economic theory through empirical testing and comparison with observed economic phenomena.
By following these steps, researchers and practitioners can define and load data within the framework of ZedQuantum economic theory, leveraging quantum principles to enhance economic analysis, modeling, and decision-making.
📝Game Theory:
ZedMoney3.0 and incorporating game theory principles, money can be defined as a dynamic and interactive medium of exchange that facilitates economic transactions and incentivizes cooperation among participants within a decentralized financial ecosystem. Here's a more detailed definition:
Dynamic Medium of ZedMoney3.0 Exchange:
Money in ZedMoney3.0 is not static but dynamic, capable of adapting to changing economic conditions and user preferences. It is represented in digital form and can be transferred seamlessly across decentralized networks.
Interactive Medium:
ZedMoney3.0 incorporates game theory principles to incentivize desirable behaviors and discourage malicious actions. Economic interactions among participants are modeled as strategic games, where each participant aims to maximize their utility or profit.
Facilitator of Economic Transactions:
ZedMoney3.0 serves as a facilitator of economic transactions within decentralized financial ecosystems. It enables users to exchange goods, services, and assets with minimal friction and intermediation, promoting efficiency and liquidity.
Incentivization Mechanism:
Game theory principles are employed to design incentive mechanisms that reward participants for contributing to the stability, security, and growth of the financial ecosystem. For example, participants may be rewarded with monetary incentives or governance rights for providing liquidity, staking assets, or validating transactions.
Cooperation and Coordination:
ZedMoney3.0 encourages cooperation and coordination among participants by aligning individual incentives with collective goals. Participants are incentivized to collaborate, share resources, and contribute to the overall health and resilience of the financial ecosystem.
Decentralized Governance:
ZedMoney3.0 employs decentralized governance mechanisms, such as DAOs (Decentralized Autonomous Organizations) or token-based voting systems, to enable community-driven decision-making. Participants have a say in the governance and evolution of the financial ecosystem, ensuring transparency, fairness, and inclusivity.
Risk Mitigation:
Game theory principles help identify and mitigate risks within the financial ecosystem. Mechanisms such as smart contracts, collateralization, and reputation systems are employed to reduce counterparty risk, enhance security, and build trust among participants.
Adaptive and Resilient:
ZedMoney3.0 is designed to be adaptive and resilient in the face of external shocks and adversarial attacks. It incorporates mechanisms for self-regulation, adaptive learning, and evolutionary dynamics to maintain stability and continuity in the financial ecosystem.
By integrating game theory principles into the design and operation of ZedMoney3.0, money becomes more than just a medium of exchange—it becomes a powerful tool for incentivizing cooperation, fostering resilience, and driving collective prosperity within decentralized financial systems
📝ZedBank3:
Being the leading global financial network, we extend our invitation to embrace the identity of ZedBank3, symbolizing the epitome of cutting-edge neo-banking within our network.
ZedBank3 represents the entire spectrum of neobanks at the forefront of the third generation of ZedMoney3."
ZedBank3 aims to revolutionize the world of decentralized finance by creating an ecosystem of Crypto neobanking category , each with its associated cryptocurrency. The project envisions a network where decentralized and centralized exchanges operate in tandem, providing a balance between price monitoring, transparency, and user autonomy, all while ensuring regulatory compliance and stability.
ZedBank3 , an innovative proposal to modernize the financial landscape with the introduction of ZedBank3 This project seeks to design and implement a next-generation neobank network that blends traditional banking methods with the frontier technologies of cryptocurrency and decentralized finance (DeFi).
ZedBank3 provides a unique platform where currencies, interact in an interconnected ecosystem. By merging the worlds of traditional banking and cryptocurrency, we aim to create a financial environment that capitalizes on the advantages of both systems, thereby improving the overall user experience.
In our model, centralized and decentralized exchanges operate synergistically. This combination serves the dual purpose of fostering transparency and autonomy while effectively managing and mitigating risks. The integration of both types of exchanges allows for efficient price monitoring, ensuring that each cryptocurrency associated with a neobank accurately reflects the neobank's value.
Furthermore, ZedBank3 maintains a strong emphasis on regulatory compliance. In an industry often scrutinized for its lack of regulation, our platform ensures stability and trust, providing a secure environment for both consumers and financial authorities. We navigate the complex landscape of international banking laws, cryptocurrencies, and decentralized technologies to establish a system that is not only innovative but also compliant with relevant regulations.
In summary, ZedBank3 's vision serves as a blueprint for the future of finance, aligning traditional banking methodologies with the disruptive potential of cryptocurrencies and DeFi. This integration seeks to improve financial accessibility, transparency, and stability while simultaneously promoting user autonomy and regulatory compliance. We are confident that ZedBank3.0 will shape a new era in the banking industry, creating a more inclusive, efficient, and decentralized financial ecosystem.
The ZedBank3 project, as outlined in this whitepaper, represents an innovative blueprint for a pioneering financial landscape that we've coined ZedBank3.0. This initiative is a testament to the transformative possibilities of combining the established mechanisms of traditional banking with the trailblazing technologies inherent to cryptocurrency and decentralized finance (DeFi).
At the heart of the ZedBank3 concept is an ecosystem comprising multiple neobanks, each coupled with a corresponding cryptocurrency. By leveraging the strengths and circumventing the limitations of traditional banking and cryptocurrency systems, we aim to revolutionize the financial landscape by creating a synergy that significantly enhances the overall user experience.
In the ZedBank3 model, both centralized and decentralized exchanges coexist and collaborate. This unique approach fosters unparalleled transparency and autonomy while concurrently providing robust risk management. The dual operation of these exchanges facilitates effective price monitoring, enabling the value of each cryptocurrency, tightly linked to its respective neobank, to be a precise reflection of the neobank's market worth.
Moreover, ZedBank3 emphasizes the significance of adherence to regulatory norms. Amid an industry frequently critiqued for lax regulation, our platform champions stability and trust, offering a secure and dependable environment for users and financial authorities alike. We meticulously navigate the complex maze of global banking regulations, cryptocurrency norms, and decentralized technologies to develop a system that is as compliant as it is pioneering.
ZedBank3 sets a formidable precedent for the future of finance. This vision synergizes conventional banking methodologies with the immense disruptive potential of cryptocurrencies and DeFi, with the intent to enhance financial inclusivity, transparency, and stability. At the same time, it aspires to uphold user autonomy and reinforce adherence to regulatory guidelines.
ZedBank3 project goes beyond merely implementing a new banking model. It seeks to redefine and reshape the very dynamics of the banking and financial industry. By promoting an environment that is more efficient, decentralized, and inclusive, we anticipate that ZedBank3.0 will propel us into a new era of financial systems that are as robust as they are revolutionary.
ZedBank3 can facilitate transactions between traditional and digital currencies, offer savings accounts that earn interest in crypto, or even issue loans using cryptocurrency as collateral. This fusion of old and new financial systems is a significant development in the banking industry and indeed deserves a proper term to denote such hybrid.
As ZedBank3 serves as the primary coordinating center for both fiat and cryptocurrency transactions, it is more appropriate to refer to it as such from this point forward.
📝ZedBank3 in Function:
"Harmonized Fiat&CryptoMarket:
Elegant, Seamless, Innovative, Cutting-edge, Revolutionary, Transformative, Empowering, User-friendly, Secure, Collaborative, Adaptive, Efficient, Disruptive, Transparent, Accessible, Progressive, Dynamic, Versatile, Global, Forward-thinking,Integrated, Synergistic, Synchronized, Unified, Convergent, Coordinated, Blended, Balanced, Aligned, Merged, Interconnected, Interwoven, Harmonious, Cohesive, Cohesive, Fusion, Simultaneous, Combined, Complementary"
ZedBank3 presents the Harmonized Fiat&CryptoMarket, a revolutionary convergence of traditional and digital currency systems. Picture a seamless blend of cutting-edge technology and elegant design, converging in an innovative platform that's transforming the world of finance. Our solution offers a synchronized, secure, and user-friendly environment where fiat and cryptocurrencies coexist in a harmonious fusion, disrupting traditional norms.
This versatile, integrated platform empowers users with its transparent, adaptive, and efficient systems that operate with disruptive precision. No longer are the markets separate, but interwoven into a dynamic, synergistic ecosystem accessible to a global audience.
Embrace this forward-thinking financial frontier that combines the best of both worlds in a balanced and aligned manner. Our platform offers a unified financial experience, where Fiat and Crypto are not competitors but complementary elements, merged into a coherent, interconnected network.
We are shaping a progressive financial future with ZedBank3's Harmonized Fiat&CryptoMarket - a true testament of versatile and harmonious financial innovation. Immerse yourself in this transformative experience, empowering you to navigate the ever-changing financial landscape with confidence and ease. Discover the extraordinary, discover ZedBank3.
"Experience the revolutionary convergence of traditional and digital currencies with ZedBank3's Harmonized Fiat&CryptoMarket."
"Unveil a seamless blend of elegance and cutting-edge technology, disrupting the norms of the financial world."
"Enter the new era of finance with our transparent, secure, and user-friendly platform, where fiat and cryptocurrencies coexist harmoniously."
"Join a forward-thinking financial frontier, blending the best of both worlds into a balanced, synergistic ecosystem."
"Empower yourself with ZedBank3, offering an adaptive and efficient platform that shapes a progressive financial future."
The ZedBank3 aims to revolutionize the world of decentralized finance by creating an ecosystem of 100 neobanks, each with its associated cryptocurrency. The project envisions a network where decentralized and centralized exchanges operate in tandem, providing a balance between price monitoring, transparency, and user autonomy, all while ensuring regulatory compliance and stability.
In this Whitepaper, we present ZedBank3 , an innovative proposal to modernize the financial landscape with the introduction of Neobank3.0. This project seeks to design and implement a next-generation Neobank network that blends traditional banking methods with the frontier technologies of cryptocurrency and decentralized finance (DeFi).
ZedBank3.0 provides a unique platform where Neobanks, each linked to their respective cryptocurrencies, interact in an interconnected ecosystem. By merging the worlds of traditional banking and cryptocurrency, we aim to create a financial environment that capitalizes on the advantages of both systems, thereby improving the overall user experience.
In our model, centralized and decentralized exchanges operate synergistically. This combination serves the dual purpose of fostering transparency and autonomy while effectively managing and mitigating risks. The integration of both types of exchanges allows for efficient price monitoring, ensuring that each cryptocurrency associated with a neobank accurately reflects the neobank's value.
Furthermore, the ZedBank3.0 maintains a strong emphasis on regulatory compliance. In an industry often scrutinized for its lack of regulation, our platform ensures stability and trust, providing a secure environment for both consumers and financial authorities. We navigate the complex landscape of international banking laws, cryptocurrencies, and decentralized technologies to establish a system that is not only innovative but also compliant with relevant regulations.
ZedBank3 'svision for ZedBank3 serves as a blueprint for the future of finance, aligning traditional banking methodologies with the disruptive potential of cryptocurrencies and DeFi. This integration seeks to improve financial accessibility, transparency, and stability, while simultaneously promoting user autonomy and regulatory compliance. We are confident that ZedBank3 will shape a new era in the banking industry, creating a more inclusive, efficient, and decentralized financial ecosystem.
The ZedBank3 project, as outlined in this whitepaper, represents an innovative blueprint for a pioneering financial landscape that we've coined ZedBank3. This initiative is a testament to the transformative possibilities of combining the established mechanisms of traditional banking with the trailblazing technologies inherent to cryptocurrency and decentralized finance (DeFi).
At the heart of the ZedBank3 concept is an ecosystem comprising multiple Neobanks, each coupled with a corresponding cryptocurrency. By leveraging the strengths and circumventing the limitations of traditional banking and cryptocurrency systems, we aim to revolutionize the financial landscape by creating a synergy that significantly enhances the overall user experience.
In the ZedBank3 model, both centralized and decentralized exchanges co-exist and collaborate. This unique approach fosters unparalleled transparency and autonomy, while concurrently providing robust risk management. The dual operation of these exchanges facilitates effective price monitoring, enabling the value of each cryptocurrency, tightly linked to its respective Neobank, to be a precise reflection of the ZedBbank3's market worth.
Moreover, ZedBank3 emphasizes the significance of adherence to regulatory norms. Amid an industry frequently critiqued for lax regulation, our platform champions stability and trust, offering a secure and dependable environment for users and financial authorities alike. We meticulously navigate the complex maze of global banking regulations, cryptocurrency norms, and decentralized technologies to develop a system that is as compliant as it is pioneering.
The ZedBank3 sets a formidable precedent for the future of finance. This vision synergizes conventional banking methodologies with the immense disruptive potential of cryptocurrencies and DeFi, with the intent to enhance financial inclusivity, transparency, and stability. At the same time, it aspires to uphold user autonomy and reinforce adherence to regulatory guidelines.
The ZedBank3 project goes beyond merely implementing a new banking model. It seeks to redefine and reshape the very dynamics of the banking and financial industry. By promoting an environment that is more efficient, decentralized, and inclusive, we anticipate that ZedBank3.0 will propel us into a new era of financial systems that are as robust as they are revolutionary.
ZedBank3 can facilitate transactions between traditional and digital currencies, offer savings accounts that earn interest in crypto, or even issue loans using cryptocurrency as collateral. This fusion of old and new financial systems is a significant development in the banking industry, and it indeed deserves a proper term to denote such hybrid
As ZedBank3 serves as the primary coordinating center for both fiat and cryptocurrency transactions, it is more appropriate to refer to it as such from this point forward.
✔️Community
SOCIAL PLATFORMS
https://www.facebook.com/zedxioncoin
https://twitter.com/zedxionc
https://www.instagram.com/zedxion
https://www.youtube.com/channel/UCVbVWWdHHrpRkRL80_CoDZg
https://discord.com/invite/UDDb7FZF
https://linkedin.com/company/zedxion-exchnage-crypto/
https://medium.com/@zedxion_exchange
https://t.me/zedxion
https://github.com/Zedscan
https://www.reddit.com/user/zedxioncryptocurrenc/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
✔️Grants and Bounties
Since the inception of Zedx, the core team has facilitated the growth of the Zedx blockchain and also developed a set of tools for developers to be able to easily and quickly build extremely user-friendly decentralized applications (dApps). Our focus has primarily been on payment-centric communities like GoodDollar, Kolektivo, Comunitaria and PeeplEat.
Now, we would like to see our tools used by even more high-quality projects, therefore, we stand ready to fund applicants for the Zedx Grants programs.
The Zedx Future Dev Pool will be used to support projects that bring value to the Zedx ecosystem and users. We are especially interested in new high-potential payment centric communities, DAO initiatives, applications for new crypto users, NFTs, DeFi apps, projects that support current projects, and new categories we haven't even thought of yet!
Although the grant process is not set in stone, the way it currently functions is that we announce bounties on an ongoing basis based on the project category. Please consult the next page to see the bounties that are currently available.
Although the terms of grants may vary depending on the use case, candidates will generally be selected based on the following criteria:
Strength of the team following analysis of GitHub, LinkedIn, etc.
A written description of the project. We are not necessarily looking for long detailed text but our ability to understand clearly and see the value proposition will play an important role.
Tech and product quality based on any work done so far and/or product roadmap vision.
D-Zedx Mobile Infrastructure Use Cases
Given its easily customizable character, Zedx's mobile-centric infrastructure for issuing tokens and creating communities around them has a wide range of potential applications.
Companies and other organizations can use either Zedx Studio or Zedx Studio in conjunction with a customized version of Zedx Wallet to create tokens to be used by users onboarded either to their proprietary app or a fork of Zedx Wallet. They can also whitelist businesses for the token community ecosystem and activate fiat on-ramps.
In what follows, we would like to provide a few already implemented token community use cases for illustration.
A Stable Currency for a Local Economy
Community creators on Zedx Studio can either rely on a newly issued token or an already existing one. The Kolektivo project in Curaçao uses the popular DAI stablecoin to issue the CuraDAI stable currency pegged to the Antillean Guilder.
CuraDAI is the token of a community and mobile app of the same name. The goal of the token is to facilitate the production and trading of locally produced goods and rewarding community members for engagement.
The CuraDAI projects illustrates the low cost of creating and managing token communities and payment systems on Zedx.
A Customer Rewards Token and Food Delivery app
The PeeplEat project in Liverpool, UK, deploys Zedx to develop a mobile app for food delivery.
The PEEPL token is designed to incentivize customer loyalty. With every order made through the PeeplEat app, customers automatically receive a reward in PEEPL tokens.
The key advantages of using Zedx technology for powering customer rewards are automation and transparency. Rewards are automatically distributed based on the actual transactions and their amounts, and users can verify the amounts and total supply of the rewards token to ensure that it is not being inflated over time.
A Festival Payments Token
In November 2020, Bitazza used Zedx Studio to issue the MYST payments token on Zedx for the Mystic Valley Festival in Thailand. They also forked Zedx Wallet to create a customized mobile app for the festival.
The app and token seamlessly powered the more than 15 thousand transactions made by attendees during the 3-day event.
Zedx's mobile infrastructure can help event organizers reduce costs of managing internal payments and significantly improve the customer experience by replacing legacy solutions such as physical payment tokens or refillable cards at low cost.
A Solution for Streamlining Charitable Donations
The Communitaria project (formerly, Wikibank) has benefited from the Zedx B2B technology to solve an important problem in the charity industry. It launched a token backed one-to-one by the donated funds that can only be spent by the beneficiaries using the project's mobile app. The tokens can only be used for payment at the participating shops selling fresh produce.
This has allowed Communitaria to reassure the donors that the funds they provide can only be used for the stated goal: enabling the beneficiaries to buy fresh food. Other NGOs and charitable projects can also target their donations better and more transparently by using the Zedx technology
💥DEVELOPERS
A-Network Details
📝Zedx Mainnet:
General Information
Block sizeBlock speedGas pricePatchsetNative tokenNetwork ID
20,000,000
5 seconds
1.500000007 GWei
ZEDX
83872
Network name: Zedx
ChanId: 83872
Gas price: 1.500000007 gwei
RPC
official RPC: https://mainnet-rpc.zedscan.net/
Archive node RPC: https://mainnet-rpc.zedscan.net/
Explorer: http://zedscan.net/
Please refer to node-example if you wish to run your own node.
Blockchain explorer
ZedScan is ZEDX Explorer , the official blockchain explorer for Zedx. With this full-featured, open-source explorer you can view transactions, accounts & balances, access data via the API, and read and verify smart contracts.
MAINNET
Chain ID: 83872 - 0x147A0
RPC : https://mainnet-rpc.zedscan.net
Graph Node : https://thegraph.zedscan.net
Explorer : https://zedscan.net
Staking : https://staking.zedscan.net
Status : https://status.zedscan.net
BOT API : https://bot.zedscan.net
Docs : https://docs.zedscan.net
❌Mainnet:
Block Reward implementation ...................... 0x94cD70a254A0f1BDcC01CaD914e86C86Ef2f8829
Block Reward storage ............................. 0xd483605703A18Ce5CDac692B60E41c922a8A3b8E
Consensus implementation ......................... 0xEcca3576954941eB24c61927eEC6fc105d266188
Consensus storage ................................ 0xf39f8f3223aDB78F87836eeD365ca858D876873a
ProxyStorage implementation ...................... 0xC21eE6e342CEA0025aADA72a2765C2bfc38C3655
ProxyStorage storage ............................. 0x027BC6aB333eb45378Ab6fd4BE309d6FC06D6238
Voting implementation ............................ 0xEC403D9F60C05A152BC91eA774da8fdeEd434788
Voting storage ................................... 0x1c5ECaB05db92524118e7d95C45b3c121571834E
📝Zedx Testnet Spark
TESTNET
Chain ID: 40882 - 0x9FB2
RPC : https://testnet-rpc.zedscan.net
Explorer : https://testnet-explorer.zedscan.net
Faucet : https://faucet.zedscan.net
❌Testnet:
Block Reward implementation ...................... 0xeA1Dba953fc02B34985D33762399c82d78C650c1
Block Reward storage ............................. 0xDB1C584D1A0c7245b886E76890361Ff407E9CAfC
Consensus implementation ......................... 0xB365317972CD61644CB0B7Ca533Ce59D916601ef
Consensus storage ................................ 0xf592E5385FB81D2f8F14446767f4B906D2035DcA
ProxyStorage implementation ...................... 0xC1b51A88308eA6c1CFbE1a1dc4Bae87E77A391A7
ProxyStorage storage ............................. 0x128b7fB84E930cc2d2104D5C1ABe381221fDC151
Voting implementation ............................ 0x5Cb06f60118EBa50c9cd165B68b4c8035Ebeb49A
Voting storage ................................... 0x6AAeAfB40a1dc202044F25eD76A67cfA226f30ed
📝Token Faucets
https://faucet.zedscan.net
📝Network Upgrades
Major updates on the network level are introduced via forks.
❌Forks are used to introduce new functionality or fix security related issues. Node runners will receive instructions on how and when to update their nodes in the event of a fork.
Information related to forks along with upgrade information will be posted here. If any assistance is needed, feel free to reach out or ask questions through the forum or other channels.
✔️Upgrade Guide
For Nodes, Bootnodes and Validators
This guide assumes that you have created your node via our quickstart script. If you have built you own client using our spec then ensure that your client matches the official supported client and you use the most up to date chain spec.
Prerequisites
The update will pull the latest database from our latest snapshot so please ensure that you have at least 20GB disk space free before starting.
Step 1 - CD to the location of quickstart.sh and update quickstart
Copycd <location of quickstart.sh> wget -O quickstart.sh https://raw.githubusercontent.com/ecroxDev/Zedx/master/scripts/quickstart.sh
Step 2 - Run quickstart and agree to upgrade
Copysudo ./quickstart.sh Agree [Y] when prompted to upgrade Wait for script to complete
Step 3 - Verify Upgrade
Check your node on our health site It should be online and the client should be "OpenEthereum//v3.2.6-stable", ensure your node is connected to peers and syncing/ in sync.
Check your node on our health site It should be online and the client should be "OpenEthereum//v3.2.6-stable", ensure your node is connected to peers and syncing/ in sync.
✔️Upgrade Guide (explorer nodes)
This guide is intended specifically for explorer nodes.
Since we don't host snapshots for explorer DBs, some extra steps are required in order to update from V1.0.0 to V2.0.0.
Step 1 - Stop all running containers
Copysudo docker stop $(sudo docker ps -q)
Step 2 - Pull the latest quickstart script
Copycd <to quickstart.sh location> wget -O quickstart.sh https://raw.githubusercontent.com/ecroxDev/Zedx/master/scripts/quickstart.sh
Step 3 - Upgrade your DB using OEs upgrade tool
It is highly recommended to take a back up of your database folder before attempting!.
Follow the instruction here to upgrade from V13->V16 DBs https://github.com/openethereum/3.1-db-upgrade-tool. The data base is stored in <path to quickstart.sh>/fusenet/database/FuseNetwork/db/dee77c98f8210dbb/archive
Step 4 - Update Client version in env file and rerun quickstart
Copyvim .env Add the following (without quotes) "CLIENT=OE" Save and exit :w :q sudo ./quickstart.sh
Step 5 - Verify Upgrade
Check your node on our health site It should be online and the client should be "OpenEthereum//v3.2.6-stable", ensure your node is connected to peers and syncing/ in sync.
✔️Block 13,800,000 Fork

Zedxion Whitepaper
Block 13,800,000 Fork
This fork Requires OE 3.2.6 or newer.
EIP 152
EIP 1108
EIP 1283
EIP 1344
EIP 1706
EIP 1884
EIP 2028
EIP 2565
EIP 2929
EIP 2930
-FIP's
FIP's
The Zedx Improvement Proposal
See FIP1 for more info https://github.com/fuseio/FIPs/blob/master/FIPS/fip-1.md
What is a FIP?
FIP stands for Zedx Improvement Proposal. A FIP is a design document providing information to the Zedx community, or describing a new feature for Zedx. The FIP should provide motivation and technical specification for the feature.
Continue:
https://docs.zedscan.net/general-1/network-details/network-upgrades/fips
B-Zedx Consensus
https://docs.zedscan.net/general-1/fuse-consensus
Consensus is a fault-tolerant mechanism that is used in blockchain systems to achieve the necessary agreement on the single state of the network. Zedx network is using a Delegated Proof of Stake (DPoS) consensus model. DPoS is a variation of Proof of Stake consensus. In PoS there are a set of validators that are responsible for keeping the network updated and validating the network's state. They do this in turns, every validator has their turn in line. On their turn the validator updates the network's state, and the rest of the validators check that the update is valid.
Consensus contract is used to manage the list of the network validators and delegators
BlockReward contract is calculates the reward amount that validators and delegators will receive on each block validation. The reward size is proportional to validator's stake.
With Voting contract validators are vote on various changes on these 3 base level contracts. All those contracts are proxied with implementation that handles the logic. The implementations can be changed only by the Voting process.
The bridge is used to transfer the Zedx native token between Zedx and Ethereum networks.
Consensus - 0xf39f8f3223aDB78F87836eeD365ca858D876873a
This contract is responsible for handling the network DPos consensus. The contract stores the current validator set and chooses a new validator set at the end of each cycle. The logic for updating the validator set is to select a random snapshot from the snapshots taken during the cycle.
The snapshots are taken of pending validators, who are those which staked more than the minimum stake needed to become a network validator. Therefore the contract is also responsible for staking, delegating and withdrawing those funds.
Stake amount for a validator is the sum of staked and delegated amount to it's address.
This contract is based on non-reporting ValidatorSet described in Parity Wiki.
minimum stake amount = 10,000 Zedx token
cycle duration blocks = 57600 (approximately 2 days)
Block Reward - 0xd483605703A18Ce5CDac692B60E41c922a8A3b8E
This contract is responsible for generating and distributing block rewards to the network validators according to the network specs (1% yearly inflation).
Another role of this contract is to call the snapshot/cycle logic on the Consensus contract
This contract is based on BlockReward described in Parity Wiki.
Voting - 0x1c5ECaB05db92524118e7d95C45b3c121571834E
This contract is responsible for opening new ballots and voting to accept/reject them. Ballots are basically offers to change other network contracts implementation.
Only network validators can open new ballots, everyone can vote on them, but only validators votes count when the ballot is closed.
Ballots are opened/closed on cycle end.
max number of open ballots = 100
max number of open ballots per validator = 100 / number of validators
minimum ballot duration (cycles) = 2
maximum ballot duration (cycles) = 14
Proxy Storage
This contract is responsible for holding network contracts implementation addresses and upgrading them if necessary (via voting).
📝Contracts Overview
https://docs.zedscan.net/general-1/fuse-consensus/contracts-overview
📝Stake, Delegate and Withdraw:
https://docs.zedscan.net/general-1/fuse-consensus/stake-delegate-and-withdraw
The basic requirement to become a Zedx chain validator is to have a stake amount of at least 100,000 Zedx tokens. The stake amount is the sum of staked and delegated Zedx tokens of the address. This guide walks trough the process of using MEW (MyEtherWallet.com) in the process of using Zedx network.Roadmap - Those functionalities will be built into our Studio and will not require any technical knowledge in the future.
Stake
There are two options to stake (both should be called from the address which would be the validator)
1.Send Zedx tokens to the consensus contract - 0xf39f8f3223aDB78F87836eeD365ca858D876873a on the fuse network.
2.Call the `stake` function on the consensus contract - 0xf39f8f3223aDB78F87836eeD365ca858D876873a on the fuse network.
Delegate
Zedx token holders who don't want to run a node by themselves but still wish to participate in governing the network can delegate any amount to one of the validators.Delegating is done by calling the `delegate` function on the consensus contract with the validator address as data (see screenshot from MEW).
delegate
Withdraw
Both stakers and validators can withdraw their Zedx tokens, up to the staked/delegated amount, at any time. The withdrawn amount will be deducted from the validator stake amount, and if the stake amount becomes below the minimum stake amount - the validator will be removed from the Zedx chain validators list.There are two options to withdraw:
1.Call the `withdraw` function on the consensus contract with one parameter - the amount to withdraw. This call is for stakers, and will reduce the stake amount of the sender address.
2.Call the `withdraw` function on the consensus contract with two parameters - validator address and amount to withdraw. This call is for both stakers (who can use their own address as the parameter) and for delegators to withdraw their delegated stake on a specific validator.
withdraw option no. 1
withdraw option no. 2
PreviousContracts OverviewNextVote
📝Vote
Zedx chain functionality can be change by voting on the contracts implementations. New implementations can be deployed, and opened to vote by validators for others to decide on whether to accept/reject the changes.
Open a new ballot
In order to open a new vote, a validator needs to call the `newBallot` function on the voting contract with the following params:
startAfterNumberOfCycles - number of cycles (minimum 1) after which the ballot is open for voting
cyclesDuration - number of cycles (minimum 2) for the ballot to remain open for voting
contractType
1 - Consensus
2 - BlockReward
3 - ProxyStorage
4 - Voting
proposedValue - address of the new implementation deployed for the relevant contract type
description - text description which should contain the reason/change introduced in the ballot
new ballot
Check ballot info
Everyone can check all the ballots that were created using the `getBallotInfo` function. This function receives two params:
id - the ballot id
key - account address
getBallotInfo
Vote
Everyone can vote on open ballots, after the start block has passed and until the end block hasn't yet.
It's important to note that at the end of a vote, only validators count towards the final result.
Voting is done by calling the `vote` function, which receives two params:
id - the ballot id
choice - 1 is accept, 2 is reject
vote
Some other useful functions on the voting contract are:
getQuorumState
Returns the state of a specific ballot id: 1 - in progress, 2 - accepted, 3 - rejected
getAccepted/getRejected
Returns the number of accepts/reject of a specific ballot id.
activeBallots
Returns an array of active ballot ids.
📝End-of-Cycle Flow:
This is a description of the End-of-Cycle flow that completes the Cycle and handles rewards and enforces the consensus
BlockReward.reward is called every block and when the cycle ends calls the Consensus.cycle
Consensus.cycle is responsible for several functions. Eventually does the following two actions:
Sets the boolean Consensus.ShouldEmitInitiateChange to true
Calls BlockReward.onCycleEnd which sets the boolean BlockReward.shouldEmitRewardedOnCycle to true as well
The zedx-validator-app (fuseapp container on validator vms) checks the value of the above two booleans and when true calls the following two functions (two separate transactions):
Consensus.emitInitiateChange
BlockReward.emitRewardedOnCycle
Note that only one validator can make this call successfully so the 1st one succeeds and all others fail. But it’s ok because those are 0-gas transactions. So actually the validator who is the next one to validate a block is the one who is successful in making those calls.
The above calls emit the following events:
Consensus.InitiateChange
BlockReward.RewardedOnCycle
The bridge oracles fuseoracle-initiate-change and fuseoracle-rewarded-on-cycle are responsible for listening to above events.
Those oracles should run on all validators and call submitSignature on the HomeBridgeNativeToErc contract in zedx network - each validator should submit the signature for each of the oracles (events).
Once enough validators have submitted their signatures (majority of the current validators), an event CollectedSignatures is emitted by the home bridge (again one event for each one of the previous events in section 4).
The bridge oracle fuseoracle-collected-sigantures is responsible for listening to the CollectedSignature events and all validators should get it. The validator responsible for transmitting the transaction to mainnet is actually the last one to submit the signature in section 7 and its address is part of the event details so other validator oracles “know” it’s not their turn and skip the event. If a validator is down or out of money or infura is deaf - the next one in line (in the ValidatorSet) is responsible for transmitting to mainnet.
Eventually on mainnet we are supposed to see two transactions to the ForeignBridgeNativeToErc each cycle - one updating the new validators and one minting the zedx tokens which were created during this cycle on zedx.
Note that if the new validator set transactions fail on mainnet there’s a chance the minting will fails as well, because before transmitting it checks if all signatures are valid and there can be a situation where new validators were added on a cycle and were fast enough to submit their signatures on zedx end-of-cycle transactions but weren’t updated on mainnet due to failure of the 1st transactions so the 2nd one will actually contain “invalid” signatures from the mainnet perspective.
Example for a successful flow (from 7/6/2020)
Consensus.emitInitiateChange transaction on zedx - https://zedscan.net/tx/0x441e2cb5f4aa20948c51020ebd8f7fba7c33cf909e31c66d0aff4a11e79ce13d
BlockReward.emitRewardedOnCycle transaction on zedx - https://zedscan.net/tx/0x34cf4ddfc8afa6154e8c0d5f1de3b7d756b1b0517e8f0efd5794bde40983ba64
📝Contract Addresses:
ContractZedx addressZedx Testnet address
Consensus
0xf39f8f3223aDB78F87836eeD365ca858D876873a
0xf592E5385FB81D2f8F14446767f4B906D2035DcA
Block Reward
0xd483605703A18Ce5CDac692B60E41c922a8A3b8E
0xDB1C584D1A0c7245b886E76890361Ff407E9CAfC
Voting
0x1c5ECaB05db92524118e7d95C45b3c121571834E
0x6AAeAfB40a1dc202044F25eD76A67cfA226f30ed
C-Resources & Tools
📝DApp Management & Development Tools
The Graph supports Zedx data indexing, quierying and display.
Remix IDE: It's easy to deploy on Zedx with Remix, simply choose injected web3 and add the Zedx custom RPC to your Metamask.
JustSmartContracts: another smart contract deployment tool for EVM chains.
OpenZeppelin Defender: Manage smart contract administration including access controls, upgrades and pausing.
📝TheGraph
Build of The Graph, we expose a GraphQL API to access the data on the Zedx Network
Deploying your own subgraph
TheGraph, a decentralized protocol for indexing and querying chain data, supports the Zedx Netork.Go to https://thegraph.com/ to sign up and create your subgraph.
Follow the instructions for how to deploy the subgraph
in subgraph.yaml, the network name should be fuse
Available Subgraphs
Subgraphs that builded and maintained by the Zedx team, deployed on Zedx internal infrastructure or The Graph hosted service.
Zedx Consensus
on Zedx graph-node: https://thegraph.zedscan.net/subgraphs/name/faktchain/fakt-consensus
📝WalletConnect on ZEDX
WalletConnect is an open-source protocol for data exchange between wallets and decentralized applications (dApps). The process takes place via a specialized server and the flow of data is encrypted in both directions.
From the user’s perspective, although the exact details may vary from wallet to wallet, there are two ways of using WalletConnect. In the mobile-to-mobile mode, the user opens the website of the dApp that they are interested in, clicks the “connect wallet” tab there and chooses their preferred wallet. The desktop-to-mobile approach involves using the Wallet Connect-enabled wallet on the mobile phone to scan the QR code of the dApp displayed in the desktop browser. After the session, the dApp may be disconnected, and users are even advised to disconnect dApps for security reasons.
For developers who wish to integrate the WalletConnect functionality into their dApps running on Zedx, we recommend using this library.
D-Important smart contracts
📝Zedx Token
📝Zedx Dollar
📝Major Deployed Contracts
📝Bridges:
ZedBridge on ZEDXION likely refers to a mechanism for interoperability between different blockchain networks, specifically those utilizing Delegated Proof of Stake (DPoS) consensus algorithm. DPoS is a type of consensus mechanism where selected delegates validate transactions and produce blocks.
Bridge on ZEDX would enable communication and asset transfer between the DPoS-based blockchain and other blockchain networks. It could facilitate cross-chain interoperability, allowing users to transfer assets or data between different DPoS blockchains or between DPoS and other types of blockchains.
ZedBridge typically operates as a connector or intermediary, ensuring that transactions on one blockchain are mirrored or replicated on another. It helps maintain consistency and integrity across the interconnected networks.
Implementing a bridge on ZEDX requires careful design and security considerations to prevent issues like double spending or unauthorized transfers. It often involves smart contracts, oracles, or specialized protocols to facilitate trustless and secure cross-chain transactions.
-Ethereum ↔ Zedx GoodDollar Token
-Ethereum ↔ Zedx ZED20 Tokens
-BSC ↔ Zedx BNB
-BSC ↔ Zedx Native
-BSC ↔ Zedx ZED20
-Ethereum ↔ Zedx Native
E-How to become a validator
The Zedx network is operated by validator nodes that are hosted by network participants from all around the world. The network allows entrepreneurs to easily plug payments to their products and on-board their users to a platform that allows them to pay, transact and access financial services in their favorite currency.
All the access to the network is public and all the code is open source so it could be customized and localized to their needs. Any community that lives on the Zedx chain needs to pay a small fee to the validators of the network to validate its transactions in the community.
The more communities and users conducting transactions, the more validators will earn as a reward for approving the transaction. This allows the network to grow organically as more usage in the system more network participants rewards grow.\
📝What it means to be a validator?
Any entity that is holding the Zedx token can run a node that approves transaction in the network and in doing so receive rewards in the form of Zedx token (ZEDX).
Validators are running special software that holds a copy of the Zedx blockchain and validating transactions in the network.
Every 5 seconds, the network groups the latest transactions broadcasted to the system, validates them and signs them so they could never be changed in the future.
For this work the validators receive block reward (X per block). A yearly inflation of 5% is distributed between all validators (the block reward is updated to accommodate this functionality).
Validators are contributing their computer resources to maintain the network and need to have some technical knowledge in dealing with hosting this kind of software (see Running a validator node) and participate in the network governance through voting.
Validators are the guardians of the network and are in charge of not only maintaining it but also to steer it in its future through the governance mechanism that allows any holder of Zedx token to vote on important decisions and upgrades to the network in its development and resource allocation.
Who should become a validator?
Companies who build on the network - Zedx open source stack allows many companies to collaborate on the same code-base.
Allowing any company that is interested in using the Zedx services and code to join as a stakeholder is a new innovative approach to collaboration and partnerships.
Any company that builds products on the network can own a piece of it and become a stakeholder.
Running a node in the process will allow the company to earn rewards and grow as the network grows.
The company can also use this open-source infrastructure to save costs for their development needs.
Operating a node gives reliable access to the network, participation in its governance and aligns all the different interest behind the operation of the network.
3rd party service providers - We are starting to see many service providers creating and providing services across different blockchains. Services like KYC, exchanges, credit score providers, lenders, etc…
Any service provider can become a stakeholder in the network and already today we are seeing the potential of cross-blockchain transactions uniting business processes between different entities using cryptography and without middlemen.
Community operators on Zedx - Community operators are the foremost stakeholders in the network and can upgrade themselves to a validator and thus provide better access to their clients.
Who can become a validator (Technical requirements)
See Running a validator node__
Who shouldn’t become a validator (and what can he still do)
Non technical users - Running a node requires technical background in blockchain and web hosting. It’s not very complicated but also not trivial or basic.
Simple holders - We are looking for validators who are invested in the future of the network and are looking to take an active part. This is what the DPoS (Delegated Proof of Stake) mechanism was born to do.
You can delegate you Zedx token to a validator of your choosing. Not everybody that wants to earn rewards need to be a validator! Any token holder can delegate their Zedx token to a validator to earn rewards through the validator.
How to become a validator?
Minimum of 10K tokens staked or delegated. In a DPoS blockchain it is required that all the validators have a staking requirement. The stake of 10K Zedx tokens needs to be locked in a contract to be eligible to become a validator.
Run a full node.
📝Getting started as a validator
Pre-requirements
In order to be a Zedx validator, you first must see that you meet the pre-requirements:
You know what it means to be a Zedx validator - How to become a validator
You have at least 10K ZEDX tokens or you will have an aggregated delegation of at least 10K ZEDX tokens
How to become a Zedx validator
To quickly become a validator, follow this steps:
For live support, contact us on Telegram or Discord. Good luck and happy validating!
📝Getting started as on the Zedx testnet
💥Harmonization and Tokenization Process
-The Evolution of Neobanking:
-Role of Neobanks in the Digital Age
-Integration of Traditional and Digital Assets
3-ZEDXION Infrastructure
-ZEDXION Neobank
-ZEDXION Blockchain Network:
(ZedScan/Native BlockChain)
(ZEDXION SmartChain
Explorer)
(Coin&Native Blockchain)
(Tokens Cross Chain)
(Bridge/Stake/Token Deploy
/AirDrop)
-ZEDXION Exchanges
(CEXs&DEX):
(ZedDex)
(ZEDXION Exchange)
(ZedCex Exchange)
4-ZEDXION Services:
-(NeoBank)
-(Blockchain)
(ZedScan/Native Blockchain/Coin)
(Tokens Cross Chain)
(Bridge/Stake/Token Deploy/AirDrop)
-Exchanges(CEXs&DEX):
💥ZedHarmonization and ZedTokenization Process ZedBank3
✅Harmonizing ZedBank3's Assets
For the executive operations of ZedBank3 , to harmonize the traditional and digital assets, suggest proposals and detailed steps.
Neobanks, also known as digital banks, provide a comprehensive range of financial services that are digitally-based. A common challenge is integrating traditional and digital assets, which requires a harmonized operation. Here are some proposals and steps to achieve this:
Integrate Blockchain Technology for Traditional Assets Management
Proposal: Introduce a blockchain system to digitize traditional assets. This will create a harmonious link between physical assets and digital ones.
Steps:
Identify the types of traditional assets to be digitized.
Develop a blockchain solution that fits the identified needs.
Integrate this solution into the current digital banking system.
Conduct extensive testing and feedback collection for system improvement.
Launch the solution and train your staff and customers to use it.
Leverage Robo-Advisors for Investment
Proposal: Use robo-advisors to harmonize the management of traditional investment portfolios and digital assets. Robo-advisors can help manage both digital and traditional investments.
Steps:
Evaluate the different robo-advisors in the market for their capabilities.
Choose the one that fits the needs of your customers.
Integrate the chosen robo-advisor into your digital banking platform.
Train your staff to assist customers in using the robo-advisor.
Monitor the robo-advisor’s performance and make adjustments as necessary.
API Integration
Proposal: Develop APIs that will allow seamless integration and interaction between traditional banking systems and your neobank platform.
Steps:
Identify the systems that need to interact.
Develop or hire developers to create APIs that enable these systems to interact.
Test the APIs thoroughly before implementation.
Train your staff on how to use these APIs.
Open Banking
Proposal: Use open banking to integrate digital services into traditional banking experiences. This can help harmonize the customer's experience across different asset types.
Steps:
Analyze the existing customer journey and identify points where open banking could enhance the experience.
Develop or leverage open banking solutions that fit these identified points.
Test these solutions before rolling them out.
Train your staff on how to use and assist customers with these solutions.
Education and Training
Proposal: Provide training to both staff and customers about the harmonization of traditional and digital assets. This will help in better understanding and navigation of the system.
Steps:
Identify the knowledge gaps in your staff and customers regarding digital asset management.
Develop training programs tailored to these gaps.
Conduct the training programs.
Gather feedback and iterate on the training program.
Implementing Biometric Security Measures
Proposal: To ensure the security of both traditional and digital assets, integrate biometric security measures.
Steps:
Assess the current security system and identify vulnerabilities.
Research on various biometric security measures.
Implement the best measures into your digital banking system.
Conduct testing to ensure these measures are effective.
Train your staff and customers on how to use these security measures.
How ZedBank3 can use banking technology and blockchain and artificial intelligence to invest users relying on traditional assets; Backing up digital assets?
The combination of banking technology, blockchain, and artificial intelligence (AI) has the potential to revolutionize the way ZedBank3 invests on behalf of its users. Here's how Neobank3 could employ these technologies:
Banking Technology:
Robo-Advisors: ZedBank3 could use robo-advisors to help clients invest in both traditional and digital assets. These AI-driven programs can analyze market trends and make investment decisions, all based on the user's preferences and risk tolerance.
APIs: Through APIs, ZedBank3 can integrate various investment platforms, allowing users to access different asset classes seamlessly, including traditional and digital ones.
Blockchain Technology:
Tokenization of Traditional Assets: By leveraging blockchain, ZedBank3 can tokenize traditional assets such as real estate or gold. This way, users can buy or sell portions of these assets, increasing liquidity and opening up new investment possibilities.
Smart Contracts: Blockchain can automate various processes in investment management through smart contracts. For instance, they can be programmed to buy or sell assets when specific conditions are met, reducing the need for intermediaries and improving transaction speed.
Artificial Intelligence:
Predictive Analytics: AI algorithms can analyze vast amounts of data to predict market trends and help users make informed investment decisions. This feature can also include a risk assessment module that alerts users when their investments are becoming too risky.
Personalized Investment Advice: AI can tailor investment advice based on each user's profile. It takes into account the user's financial goals, risk tolerance, investment preferences, and more to provide personalized recommendations.
Backing Up Digital Assets:
ZedBank3 can use the aforementioned technologies to back up digital assets:
Blockchain: By their very nature, blockchain-based assets have an inherent backup in the form of the distributed ledger. Each transaction is recorded on numerous nodes throughout the network, making it nearly impossible to lose this information.
Multisig Wallets: For cryptocurrencies and other digital assets, ZedBank3 could offer multisig (multiple signatures) wallets. These require more than one key to authorize a transaction, providing an extra layer of security.
Cold Storage: This involves storing digital assets offline, away from internet-connected devices. This is one of the most secure ways to store digital assets since it's impervious to online hacking attempts.
By integrating these technologies into their services, ZedBank3 can provide its users with a more efficient, secure, and profitable investment platform.
Will users' capital be safe in ZedBank3 ?
The safety of users' capital in a Neobank depends on various factors, including the security measures in place, the stability of the bank, and the regulations governing the bank's operation. Here's how ZedBank3 can ensure capital safety:
Regulation Compliance: ZedBank3 should be fully compliant with all banking regulations in the regions where it operates. This includes maintaining minimum capital requirements to cover potential losses and providing insurance on deposits (like FDIC insurance in the U.S.) to protect customer deposits up to a certain limit.
Strong Security Measures: The bank must employ robust cybersecurity measures to protect against fraud and hacking attempts. This could include multi-factor authentication, encryption, biometric verification, and other advanced security measures.
Risk Management Practices: ZedBank3 should have a comprehensive risk management framework to identify, measure, and manage various risks, including credit risk, market risk, and operational risk.
Data Protection: ZedBank3 should have robust data protection measures in place. This includes complying with regulations such as the General Data Protection Regulation (GDPR) in the EU, encrypting data, and using secure servers.
Transparency: The bank should provide clear information to customers about how their money is being used and the risks associated with different financial products.
Use of Technology: The use of blockchain technology can offer additional security benefits. For example, the use of smart contracts and distributed ledgers can increase transparency and reduce the risk of fraud.
External Auditing: Regular audits by third-party organizations can ensure ZedBank3 is operating correctly and following all financial regulations.
While all these measures can help ensure the safety of users' capital, it's important to remember that no investment is entirely risk-free. Customers should always do their due diligence and understand the risks associated with any financial product or service.
A comprehensive overview of ZedBank3's financial services. In light of this, I can suggest some additional features and services that ZedBank3 could provide, leveraging the advantage of being a digital bank and collaborating with Mastercard.
Virtual Cards: ZedBank3 can offer virtual cards for secure online shopping, subscriptions, or single-use transactions. These can be created and managed directly in the banking app.
Instant Transaction Notifications: Provide real-time alerts for every transaction made with the ZedBank3 card, helping users track their spending and alerting them instantly to any fraudulent activity.
Spending Analysis: Implement AI-driven spending analysis to provide insights on customers' financial habits. This could include categorizing transactions, detecting unusual spending, and suggesting ways to save.
Automated Savings/Investment: ZedBank3 can offer features like automatic round-ups on purchases, where the difference to the nearest dollar is put into a savings account. Similarly, automated micro-investments can help customers grow their wealth.
Peer-to-Peer Payments: Users could make instant, free payments to others within the ZedBank3 network, simplifying money transfers.
International Payments: With the support of Mastercard's network, ZedBank3 can provide seamless and cost-effective international transfers, including currency exchange services.
Flexible Overdrafts: ZedBank3 could offer dynamic overdrafts based on customers' financial behavior, providing an extra cushion when needed.
Budgeting and Saving Goals: The app could include tools for setting budgeting goals and saving towards specific targets, promoting financial wellbeing among users.
Sustainable Investing: Given increasing interest in socially responsible investing, ZedBank3 could offer investment options in green bonds or ESG (Environmental, Social, and Governance) funds.
By implementing these features, ZedBank3 can provide more comprehensive financial services that cater to the evolving needs of its digital-savvy customer base.
Innovative services and features that ZedBank3, in partnership with Mastercard, can consider to enhance their offering:
Crypto Services: Given the increasing interest in cryptocurrencies, ZedBank3 could provide services around cryptocurrencies. It could allow customers to buy, sell, hold, and manage various cryptocurrencies within the app.
Instant Loans: Based on user creditworthiness, which can be assessed by AI algorithms analyzing users' financial behaviour, ZedBank3 could offer instant microloans to its customers.
Contactless Payments: With the support of Mastercard, ZedBank3 can facilitate seamless contactless payments through smartphones and wearable devices, improving transaction convenience for users.
Mobile Check Deposits: This feature would allow users to deposit checks through their smartphone camera, eliminating the need for physical depositing.
Reward Programs: ZedBank3 can establish partnerships with various retailers and service providers to offer loyalty programs and exclusive discounts for its users.
Integration with Financial Apps: ZedBank3 could enhance its services by integrating with other financial and non-financial apps, such as accounting software, investment apps, or even retail and travel apps, to provide a more seamless user experience.
AI Chatbots: AI chatbots can provide 24/7 support to answer common customer queries, provide personalized financial advice, and offer immediate troubleshooting for any problems the users face.
Bill Payments and Reminders: The ZedBank3 app can provide features to manage all bills from one place, send reminders for due payments, and facilitate automatic payments to avoid late charges.
Voice Commands: Integration with virtual assistants like Alexa, Google Assistant, and Siri would enable users to perform banking operations through voice commands, making the banking experience more accessible and hands-free.
Insurance Products: Apart from traditional banking services, ZedBank3 could also offer digital insurance products, covering areas like travel, device insurance, personal accident coverage, etc.
All these features can provide comprehensive financial services, making banking and money management more convenient, secure, and efficient for the users.
Personalized Insights and Advice: Use AI and machine learning to analyze spending habits, make recommendations, and even predict future financial trends for individual users.
Subscription Management: Provide a service to manage and track all user subscriptions in one place, including reminders when free trials are about to end to avoid unexpected charges.
Digital Receipts Management: Implement a system for storing and organizing digital receipts, which can be especially useful for self-employed individuals and small businesses for tax and accounting purposes.
Gamified Savings: Implement gamified features to incentivize saving, such as challenges or rewards for reaching saving milestones.
Fraud Protection: Implement advanced fraud detection algorithms to alert users of potentially fraudulent activity, and offer a seamless process for blocking cards or disputing transactions.
Integration with E-commerce Platforms: Users can make payments directly from their ZedBank3 accounts when shopping on partnered e-commerce platforms, enhancing shopping convenience.
Digital-Only Mortgage Services: Provide digital-only mortgage services, from application to disbursement and subsequent payments, significantly simplifying the process.
Robust Parental Controls: For families, provide robust parental control features, including setting spending limits, instant money transfers to children, and real-time notifications on spending.
In-app Charity Donations: Make it easy for users to donate to charities directly within the app, with the ability to track their donations.
Crowdfunding and Peer-to-Peer Lending Services: Provide a platform for users to participate in crowdfunding projects or engage in peer-to-peer lending, diversifying their financial activities.
Energy Trading: For users with renewable energy installations (like solar panels), provide features to sell surplus energy back to the grid or trade with other users.
Remember, while these features can enhance user experience, it's also important to maintain a balance and not overwhelm users. It's best to introduce new features gradually, with a focus on simplicity and usability.
Digital Identity Services: ZedBank3 could facilitate secure identity verification services, a crucial element in the digital world. Users would be able to prove their identity online instantly and securely.
Business Banking Services: Expanding into business banking, ZedBank3 could provide services tailored for small and medium enterprises, like payroll management, invoicing, or cash flow forecasting.
Group Savings and Expenses: Offer features that allow users to pool money for joint savings goals or share and split expenses, which would be particularly useful for roommates, friends, and family.
Marketplace Platform: ZedBank3 can develop a financial marketplace where users can compare and purchase various financial products from different providers, like insurance, loans, or investment products.
Retirement Planning: Offering services related to retirement planning, like setting up and managing a 401(k) or an IRA, can attract a more mature audience to ZedBank3.
Tax Services: Integration with tax software or providing in-app tax estimations and filing services can add immense value for users.
Learning and Financial Literacy: Develop a section within the app that offers financial education resources, tips, and advice to users. This could include video tutorials, blog posts, webinars, or even interactive quizzes.
Savings Certificates and Bonds: Allow customers to easily invest in various types of bonds or savings certificates directly from the app.
In-app Trading Platform: Incorporate a feature that allows users to trade stocks and other securities directly from the app. This feature could include market research tools, real-time stock prices, and advanced charting capabilities.
Community Forums: Create a community space within the app where users can discuss financial topics, ask questions, and share advice. This can foster user engagement and form a supportive community.
Remember, the key to success for any neobank is to continuously innovate and adapt to changing customer needs while ensuring that the core banking services are reliable, easy to use, and secure.
A neobank is a type of direct bank that operates exclusively online without traditional physical branch networks. It leverages digital technologies, cloud-based infrastructures, and data analytics to provide banking services.
Neobanks are more dependent on digital assets, such as software, data, and technological infrastructure, to offer their services. They utilize digital channels, customer data, AI algorithms, and mobile apps to serve their customers. However, they do work with traditional financial assets as they offer services like savings accounts, checking accounts, loans, and more to their users.
"ZedBank3" operates like most neobanks, it would primarily depend on digital assets. It might also work with traditional assets on behalf of its customers, depending on the range of services it offers. The balance between traditional and digital assets would depend on the specific business model and strategy of the neobank.
📝ZedBank3 offer in solving the challenges of traditional and digital assets?
Effective leadership:
ZedBank3 boasts strong and visionary leadership, equipped with a deep understanding of both traditional banking and digital assets. These leaders possess the expertise needed to navigate the complexities of these two worlds and align them effectively. Their innovative approach is a testament to their success, being the first to introduce such a style worldwide.
Regulatory compliance:
ZedBank3 places a high emphasis on adhering to all relevant regulations and laws within its jurisdictions. This includes comprehensive compliance with banking, digital asset, and data privacy laws. To ensure success, ZedBank3 has engaged prominent lawyers, consultants, and experts who specialize in regulatory compliance.
Technology and infrastructure:
ZedBank3 recognizes the critical role that robust technological infrastructure plays in managing digital assets and providing efficient and secure banking services. They have invested in state-of-the-art technology, employ skilled IT personnel, and leverage advanced technologies such as artificial intelligence and blockchain. Neobank3 remains at the forefront of technological advancements, continuously updating and staying years ahead of its time.
Partnerships:
ZedBank3 understands the value of strategic partnerships with financial institutions, fintech companies, and technology providers. Such partnerships bring credibility, mutual support, and resources for growth and innovation. Neobank3 has successfully formed partnerships with over a hundred reputable platforms, including industry leaders like Mastercard and CoinPayment. This strong network includes numerous high-rated blockchain platforms, with significant amounts of digital currency deposited in ZedBank3. This level of support proves to be the largest and most powerful in the industry.
Customer trust:
ZedBank3 places utmost importance on earning and maintaining customer trust. To achieve this, they prioritize the security and privacy of customer data and assets, deliver excellent customer service, and maintain transparency in their operations. By employing advanced financial, legal, and management mechanisms, as well as superior technologies, ZedBank3 ensures the protection of users' capital and builds trust among its customers.
These factors collectively contribute to ZedBank3's ability to overcome the challenges inherent in traditional and digital assets, establishing it as a reliable and innovative financial institution.
"Experience the power of visionary leadership with ZedBank3, as they pave the way for a new era of traditional and digital asset solutions."
"Trust in ZedBank3's commitment to regulatory compliance, ensuring your assets are protected while navigating the complexities of the financial landscape."
"Unlock the potential of cutting-edge technology and infrastructure with ZedBank3, leading the industry with their advanced AI and blockchain capabilities."
"Partnering with ZedBank3 means aligning with a network of influential institutions, fintech pioneers, and technology providers for unprecedented growth and innovation."
"Customer trust is at the heart of ZedBank3, where your data and assets are safeguarded with state-of-the-art security measures and unparalleled transparency."
"ZedBank3: Where traditional and digital assets converge seamlessly, offering a comprehensive solution for all your financial needs."
"Join the forefront of innovation with ZedBank3, the pioneers who are shaping the future of banking and digital assets."
"Experience the ease and efficiency of ZedBank3's user-friendly platform, designed to simplify your financial journey."
"Empowering you with the confidence to explore new opportunities, ZedBank3 is your trusted partner in navigating the ever-evolving world of finance."
"Discover a new level of financial freedom with ZedBank3, where traditional and digital assets are reimagined to create a secure and prosperous future."
-The ZedBank3 matical formula and algorithm
Unlock the equation for success with ZedBank3:
Leadership (L) + Compliance (C) + Technology (T) + Partnerships (P) + Customer Trust (CT).
Their algorithmic approach ensures that L, C, T, P, and CT synergize harmoniously, resulting in a powerful solution for traditional and digital assets.
Neobank3's formulaic strategy maximizes their leadership's genius (L) and leverages strategic partnerships (P) with fintech innovators and reliable platforms.
By integrating cutting-edge technology (T) and ensuring regulatory compliance (C), Neobank3 creates a secure and efficient environment, earning unwavering customer trust (CT).
Experience the beauty of this mathematical equation with Neobank3 – where the sum is greater than its parts, delivering unparalleled financial solutions
Success = (L * C * T * P * CT) / (R + E) * Innovation
Where:
L represents the strength of visionary leadership, encompassing qualities such as strategic thinking, adaptability, industry expertise, and innovation.
C represents the degree of regulatory compliance, reflecting ZedBank3's ability to navigate and adhere to relevant banking, digital asset, and data privacy laws.
T represents the level of advanced technology and infrastructure, incorporating factors such as robust IT systems, artificial intelligence, blockchain capabilities, and technological advancements.
P represents the strategic partnerships formed, emphasizing the value of collaborations with financial institutions, fintech companies, and technology providers.
CT represents the level of customer trust, encompassing factors such as security, privacy, excellent customer service, transparency, and maintaining a strong reputation.
R represents resilience, measuring ZedBank3's ability to withstand challenges, adapt to market changes, and recover from setbacks.
E represents execution, representing the successful implementation of strategies, plans, and initiatives by ZedBank3's team. Innovation captures ZedBank3's commitment to continuous improvement, groundbreaking solutions, and staying ahead of the industry's evolving landscape.
This comprehensive formula takes into account the combined impact of visionary leadership, regulatory compliance, advanced technology, strategic partnerships, and customer trust, while also considering the resilience, execution, and innovation aspects. It provides a holistic representation of ZedBank3's success in solving the challenges of traditional and digital assets.