What's Zeus Network?

BeginnerApr 11, 2024
The article introduces Zeus Network, a cross-chain communication protocol designed to bring Bitcoin liquidity to the Solana network. By creating zBTC, Zeus Network solves the unreliability of encapsulated assets and brings the security and liquidity of Bitcoin to Solana. The project combines Solana’s high-performance transactions and scalability with Bitcoin’s foundation of trust, promoting a seamless connection between the two ecosystems. At the core of Zeus Network is a permissionless layer that includes Zeus nodes and Solana Virtual Machines (SVMs), and a decentralized verification process. In addition, the article also provides detailed information on the listing of Zeus Network token ZEUS on Jupiter LFG Launchpad and the steps to participate in the public sale.
What's Zeus Network?

After several days of voting, the cross-chain communication protocol Zeus Network became Jupiter’s first Launchpad project. On April 2, according to official news, the Zeus Network token ZEUS will be officially listed on the Jupiter LFG Launchpad on April 4. To this end, the Jupiter LFG Launchpad official website has been officially launched.

Zeus Network hopes to connect Solana and Bitcoin through an open communication layer. The main goal of the project is to leverage the power of Bitcoin as an asset and bring it to Solana, a high-performance decentralized transaction chain. Zeus Network was created to overcome the challenges of unreliable encapsulated assets like soBTC and the lack of strong native assets for trading. The solution proposed by the creators, zBTC, will benefit from support from various ecosystems, demonstrating the collaborative spirit of the blockchain community.

At the heart of Zeus Network is a crucial permissionless layer that combines the fast transaction capabilities and scalability of Solana with the security, trust, and liquidity of Bitcoin. This synergy provides developers with the opportunity to build diverse applications and services, promoting frictionless connectivity between Solana and Bitcoin. This unique integration promises to pave the way for many possibilities, from high-performance decentralized applications to efficient and secure financial services.

Related Reading:”How Zeus Network, powered by Solana and Stacks, is reshaping the Boundaries of Blockchain

Project Details

The architecture consists of two main components: Zeus nodes and the Solana Virtual Machine (SVM) responsible for state-related functions. Zeus nodes include key services such as peer-to-peer, signing, broadcasting and validator registration, which contribute to the decentralization and efficient operation of the network. In SVM, different programs further enhance its functionality: the Validator Registration Program facilitates the registration of validators; the Proposal Management Program manages the processes related to proposals; and the Adjudicator Program oversees adjudication activities.

This structured framework ensures seamless integration and functionality of the Zeus network, emphasizing point-to-point communication services and state-related programming elements within the Solana virtual machine.

The verification process within the Zeus network operates on a decentralized and permissionless community model, unlike federated notary systems. To become a validator, an individual needs to run a node, which is necessary to maintain private keys and signing capabilities. Additionally, the process involves staking SOL or LSD-SOL, with LSD preferred, to enable stakers to contribute to the Proof-of-Stake (PoS) consensus and the Two-Way Pegging (2WP) mechanism. Stakers also need to register on the Validator Registration Program. The security framework relies on an over-collateralized design to address potential vulnerabilities through financial reduction measures, enhancing the robustness and resiliency of the verification system.

The Zeus node system consists of several complete components, including off-chain services such as peer-to-peer, broadcast, signature (with signature aggregation), and a dual-function registration service that can operate on-chain and off-chain.

To enhance the scalability of the system, possible modifications include implementing alternative signature algorithms, integrating broadcast service adapters to support different chains such as Bitcoin Layer 2, EVM, MoveVM, etc., and developing on-chain registry programs using various programming languages ​​or Smart contracts such as Solidity, Move, etc.

Through this multifaceted approach, adaptability and interoperability are ensured, allowing the system to evolve and integrate with different blockchain ecosystems.

In the envisioned protocol workflow, sequenced Bitcoin and Solana transactions are systematically stored in the proposal manager. Validators then retrieve these proposed transactions from the Solana blockchain.

The consensus mechanism for these proposed transactions involves a unique process where validators focus solely on verification, separate from on-chain transaction proposals. Validators implement a threshold signature mechanism and Bitcoin taproot utilizes Schnorr signatures. This concept extends seamlessly to the Solana Ed25519 signature algorithm. Off-chain signature aggregation provides efficiency gains over on-chain voting, helping to smoothly broadcast signed transactions to Solana. Additional layers of protection, including proofs of fraud and assumptions of honest validator behavior, strengthen the consensus process. After reaching a consensus, a challenge period is introduced, a topic that will be further clarified in the subsequent safety section.

This network infrastructure is designed to be adaptable to different applications and can serve as an illustrative example of its potential applicability, particularly in bridge-like environments.

Roadmap

The team behind Zeus Network is passionate about building a complete network of powerful dApps on top of Zeus. The roadmap outlines several ambitious plans, including:

  1. APOLLO Chapter: Staking/Wrapping Bitcoin with Solana Revenue, introducing a native and permissionless wrapper that redefines cross-chain interoperability by avoiding traditional bridging mechanisms.

APOLLO, as the first dApp for native BTC staking, embodies the network’s latest initiatives. It runs under the Zeus consensus, ensuring trustless governance through the participation of validators, and incorporates the structure of programs that run on the Solana virtual machine. APOLLO aims to handle cross-chain liquidity and decentralized liquidity processing with a strong commitment to decentralization principles, ensuring smooth operations and providing earning opportunities within the ecosystem.

  1. ARTEMIS Chapter: Introducing the liquidity part of the bribery system to enhance the functionality of the network and user participation.

  2. Future plans: including native Bitcoin-collateralized stablecoins, native and cross-chain NFT tools, and lending mechanisms between all Bitcoin layers and Solana, as well as Bitcoin Layer 2 integration.

The Team

The founder of the project, Justin Wang, was born in Taiwan, raised in Canada, and graduated from UBC. He founded a successful VPN business in Dubai in 2014, primarily targeting the Saudi market. The company exited with $3.5 million in equity in 2016. He founded “dAppio Lab” in 2020, leading advanced innovative technologies in Solana and other blockchain ecosystems.

The major architect, Jim Ironaddicteddog, is a blockchain professional with a diverse background who has contributed to multiple projects. Currently, he was an architect at Zeus Network, developing the first permissionless communications layer for Solana and Bitcoin. Prior to that, Jim played a key role in growing Solana’s non-EVM community in Taiwan at Gen3 and served as a technical lead and project manager at dAppioLab, where he led the development of dAppio Wonderland. Previously, Jim worked as a researcher at BSOS and Unitychain. While a contributor to the Taipei Ethereum Meetup, he organized meetups, study groups, hosted conferences, and received job recommendations from Vitalik.

The chief scientist, Dean, is a professional developer from Australia, specializing in software, hardware and blockchain. Having lived in Hong Kong before, I also spent considerable time in Taiwan and am fluent in Mandarin. 7 years of experience in the Bitcoin blockchain, winning hackathons and building multiple successful companies.

In addition to its team members, Zeus Network gets support from early-stage angel investors such as Solana co-founder Anatoly, Mechanism Capital founder Andrew Kang, and Stacks co-founder Muneeb Ali, and is well-positioned to connect Solana and Bitcoin. Through its ambitious roadmap and strong community engagement, Zeus Network aims to redefine the landscape of decentralized finance and blockchain interoperability.

How to participate in the public sale?

Zeus Network not only focuses on technology, but also on community and governance. With the upcoming launch of the $ZEUS token on the Jupiter LFG Launchpad, the project recognizes the decentralized governance rights of the ZEUS community and Jupiter holders. The launch is expected to attract over 300,000 eligible community members, with 3% of the total $ZEUS token supply being allocated as an airdrop to eligible participants.

Eligible participants include: those who voted in Jupiter’s “LFG Voting Round 1!” participants who participated in Zealy missions and earned Zealy XP, and owners of Dappie Gang NFTs.

On April 4 at 9pm (Singapore Standard Time), the $ZEUS token will be launched on the first Jupiter LFG Launchpad. How to participate in the public sale?

  1. Enter Jupiter Launchpad page

You can see the Launch pool status. The initial price is 0.3u, the maximum price is 0.85u, the total number of tokens in the pool is 50M USD, and the curve is 1.2.

It is worth noting that Zeus Network’s Launch pool adopts the Intuitive Launchpool Modeling (ILM) mode. ILM is a new way to launch projects and tokens organically. Part of the platform is Meteora’s DLMM Pool, which provides unilateral liquidity in a way that establishes early liquidity support and allows organic liquidity to be bootstrapped. At the end of the launch period, liquidity transitions from the DLMM pool to organic liquidity across venues.

  1. Preset limit orders in advance

Set up a limit order or DCA in advance to get tokens at launch. New tokens are more volatile and have a maximum price limit when trading. The initial price of the token is 0.3 USDC.

Note: When there is fierce competition, DCA may not be executed initially. The larger your order, the greater the chance of execution. USDC orders have a higher chance of success. The priority fee is only used to create new orders and does not increase your chances of closing.

声明:

  1. 本文转载自[Blockbeats],原文标题《读懂Zeus Network:将比特币的流动性带到Solana网络(附参与教程)》,著作权归属原作者[ 律动小工 ],如对转载有异议,请联系Gate Learn团队,团队会根据相关流程尽速处理。
  2. 免责声明:本文所表达的观点和意见仅代表作者个人观点,不构成任何投资建议。
  3. 文章其他语言版本由Gate Learn团队翻译, 在未提及Gate.io的情况下不得复制、传播或抄袭经翻译文章。
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