Zetanet:Blockchain 5.0 Project
Zetanet: blockchain 5.0 Project is a blockchain based internet protocol that allows a high speed, more secure and truly free network. It runs on a multi-layered and authentication-enhanced scheme for information encryption based on Jack’s Law application that focuses on encryption and autonomous storage. The scheme encrypts the whole or parts of the data according to its owners’ authorization by cryptography.
About Zetanet: Blockchain 5.0 Project
Zetanet: blockchain 5.0 project, is a multi-layered and authentication-enhanced scheme for information encryption based on Jack’s Law was created and its application focuses on encryption and autonomous storage. The design applied in Zetanet is to demonstrate the effectiveness of the proposed Jack’s Law encryption scheme, and the conceptual framework for autonomous storage that can also be applied to other applications requiring information encryption especially in the new Internet 2.0 for blockchain.
Zetanet: Blockchain 5.0 is a project of Skipjack Technology Pte Ltd, a Singapore based company that focuses on improving and liberating the internet for everyone through the application of mathematical formula called “Jack’s Law” named after Skipjack’s CEO and Founder, Professor Dr Lord Jack Rahman.
Skipjack Technology leadership drives Zetanet Internet 2.0 with the demand for advanced applications and valuable expertise to implement initiatives. The combination of requirements and resources provides a perfect setting for developing the next generation of Internet capabilities. By accelerating the blockchain technology necessary to move the appropriate blockchain technologies into the commercial sector, Internet 2.0 provides both a next generation network and the applications that run on high performance decentralized networks. Skipjack Technology invented Jacks Law and started the advanced application technology development has led to the introduction of Z e t a n e t to be as Internet 2.0 initiatives by first released the Encrypblock 1.0 technology in 2018. The Zetanet Initiative was created in January 2018 and allows members of Encrypblock 1.0 to find peers, work collaboratively, and share tools and other resources. Its goals include facilitating the creation and enhancement of blockchain applications whose development and deployment have been hampered or prevented by traditional Internet technology. Through the Zetanet Initiative the project work closely together to catalyze the development and deployment of advanced applications in the blockchain domain. The internet, designed more than 40 years ago, has grown from little more than a research project to something that touches almost all digital interactions in the world. Although the core, lower-layer internet protocols have remained somewhat consistent since the 1990s, the internet’s application layer and server infrastructure have evolved tremendously to support the massive growth of internet applications.The primary model for building internet applications is the client/server model , popularized in the 90s. This model was a short-term blessing with long-term negative consequences. It enabled the Web to take off but caused Web services to become increasingly dependent on remote servers. Cloud computing is an evolution of the basic client/server model. Today, cloud providers stores private user data, run application logic and computations, manage access credentials, and so on. Zetanet is an open-source effort to design, develop, and grow a zetanet network by integrating decentralized computing network that provides an alternative to traditional cloud computing. Zetanet is reimagining the transport layer of the traditional internet and provides a new network for decentralized applications; t r a n s p o rt a n d applications laye rs built on Zetanet enable users to own and control their data directly into new internet. Zetanet creating new internet transport layer and underlying communication protocols while removing points of centralization in the application layer. We follow the end-to-end design principle to keep the core of the network simple while pushing complexity to the clients. To scale the applications, we minimize global change and provide a reliable non decentralized storage system that gives comparable performance than to cloud storage. Further, our approach gives default options for all developer stack components necessary to build decentralized applications. Zetanet is modular, and developers can easily customize it and integrate alternative technologies.
VISION The following major technological solutions: A novel Zetanet Algorithm Protocol to improve speed, security and new concept autonomous data (zero storage) and transaction per second, With the new consensus agreement which will remove the Byzantine Agreement (BA) algorithm. A Zeta Series Network (ZSN) architecture is a new network concept for nodes with high scalability and speed for use in a wide variety of application scenarios. This network will be secure, include resource isolation, and can be customizable for any demand. Zetanet Protocol (ZP) and Zetanet Crypto Algorithm (ZCA) to aid in the naming, discovery, and addressing of Value Zetanet assets and entities. These seamlessly integrate with internet resources to build underlying protocols and infrastructure services for blockchain ecosystems. A new protocol design TCP/UDP-based low-latency Zetanet Protocol (ZP) to better adapt to and meet the requirements of blockchain network interactions compared to the traditional internet. There are many different types of decentralized systems in production today. The primary goal of Bitcoin, the first and currently the largest blockchain network, is to track and resolvethe ownership ofthe Bitcoin digital currency. The goal of Ethereum is more general purpose: to construct a “world computer” to enable smart contracts and decentralized applications. Filecoin is an attempt to construct a network for decentralized file hosting and storage. In contrast, Zetanet attempts to realize a blockchain internet for decentralized computing, focus on enabling secure, private applications where the blockchain layer handles minimal state and logic because of Zetanets’ protocol layer for reusable codes and function standards.
Zetanet as a Blockchain
The foundation of Zetanet is its own blockchain network. The Zetanet blockchain provides the global consensus and coordination layer for the network and implements the native token of the Zetanet called the Zetanet coin. Zetanet coin are consumed as “fuel” when users register digital assets like universal credential, software licenses, pointers to storage lockers, etc. They are also used to pay miners for registering/executing smart contracts. We present the high-level design of the Zetanet blockchain, for more details on how these designs are being implemented and are evolving, we recommend reading the Zetanet Blockchain Improvement Proposals (ZBIPs) for these various component as well as Zetanet Resquest for Comments (ZRC). We plan to update this paper as more ZBIPs or ZRC are accepted through the Zetanet improvement process.
ZTN ISSUANCE AND DISTRIBUTION
A. Token Distribution A total of 5 billion ZTN will be issued, from which 2,100,000,000 will be offered to the market during public ICO. Skipjack ZTN Token will be distributed as shown in the graph below: (graph)
B. Token Sale Period i. Private sale – Ongoing ii. Public sale – 1 September 2019 to 1 September 2020
A total of 5 billion ZTN will be issued, from which 42% or 2,100,000,000 ZTN will be offered to the market in during public ICO with 10% 500,000,000 for Private sale. A limited amount of 1 million token is available for bounty and rewards. Each Token is priced at 0.002544529 ETH with a minimum purchase of 1 ETH.