Introduction
Cryptocurrency, Bitcoin, Blockchain, and Tokens are terms intrinsically tied to the emerging technology that is Decentralized Applications or dApps and its revolutionary potential for changing multiple industrial landscapes. Promising widespread applications, massive scalability, and significant paradigm shift potential, these burgeoning programs are already being hailed as the future of the information age.
Along with the excitement leveled at the prospects of dApps, however, are also a wide variety of legal and legislative concerns attributed to the rise of this technology. Because it has a wide range of uses that can replace traditional options in numerous public and private sectors, the economic, social, regulatory, and financial implications have led to closer scrutiny. As such, the sheer potential of dApps prompts the question of how much it will upend existing industries.
Cezo OS
Off-Chain Computation Using Custom Linux Operating System For Reduced Blockchain Load and Faster Processing.Running on a system that functions on both off-chain and Blockchain, CEZO is meant to be a model that compensates for the slow computation and transmission of data via the traditional Blockchain throughput. It does so by providing a two-layer processing solution where simultaneous data processing such as those involving smart contracts are done via Blockchain nodes and nodes via CEZO.
In doing so, the dApp addresses the number perceived drawback of Blockchain services that prevents wider adoption of the technology in most sectors. This will also aid in the creation of new dApp services that are geared specifically towards providing additional computation speeds to both other existing dApps in the market and those that will spring up in the inevitable expansion of the technology’s adoption.
1. Scalability
As of now, there are significant hurdles with regard to scalability as it pertains to dApps. With the biggest concerns being security and decentralization, many platforms and developers struggle with widespread adoption. This applies to many areas, but most specifically in trading, financial transactions, and gaming. The problem becomes even more prominent during periods of high congestion, thus slowing transfers of data or token access even more.
Decentralized applications are open-source platforms that operate autonomously with complete transparency and with no one single individual or special interest controlling the token contracts. Any changes, improvements, or shifts in use are agreed upon by the majority and all relevant data is stored in a decentralized blockchain network that is accessible to the public. Cryptographic tokens are the sole method of access, which are generated via cryptographic algorithms that represent contributing nodes that support the application.
Due to the nature of dApps, value is often dependent on the users with a few exceptions such as so-called Stablecoins. Treated as digital currency, Stablecoins are attached value in accordance with specific fiat currency. That is to say, if a particular Stablecoin is said to only be worth $1.00 USD per coin, this value will not change. In contrast, Bitcoin is worth as much as the market dictates, thus making it significantly more volatile.
One of the biggest challenges of blockchain is the issue of slow transaction speeds due to limits of computation power imposed by the multiple nodes that data has to go through. This is the price of security since every line of code is thoroughly checked, even ones that are done in chains that are off the main block.
Security and privacy are two of the features of blockchain that makes the technology highly sought after. However, it comes at the price of processing speed. Due to the fact that data needs to go through so many nodes before arriving at the final destination, there is an implicit expectation that transaction speeds are going to be slow.
A considerable number of today’s tech tools and applications are built off of the back of the Linux OS. As an open-source platform, it has become the core of many other ecosystems used by giant tech companies such as Google with its Android OS, as just one example. Blockchain is no different, with different services using Linux in different ways.
Smart contracts have been theorized for decades and was introduced in the mainstream in 1994 by Nick Szabo. However, it was not until the Ethereum blockchain was launched in 2015 that the idea became more widely recognized and used. The idea behind smart contracts is to create programs that would have their own executable codes and would have their own storage of variables that control access in the form of tokens.
Breakdown of our Token Recipients.
- Mining rewards:36%
- Team:25%
- Public sale:15%
- Reserve Fund:8%
- Private sale:10%
- Bounty and events:6%
- TOKEN NAME: CEZO
- TOKEN SYMBOL: CEZ
- SMART CONTRACT: 0xFEbc25f4c5fc3E90a7eFaE0b4d436A77c9e131B3
- TOTAL SUPPLY: 9,900,000,000 CEZ
Q1 2019
Problem research and initial Whitepaper draft
Problem research and initial Whitepaper draft
Q2 2019
Start of the ICO Whitepaper 1.0, internal testing
Q3 2019
Closed source code is ready
Q4 2019
Code inspection, testing and final verification
Q1 2020
CEZO token minting
CEZO token minting
Q2 2020
Advertising, bounty and ICO
Q3 2020
Showcase DApp running on CEZO OS
Q4 2020
Testnet
Q1 2021
PoS mainnet (mining support enabled)
Q2 2021
SDK, source code publishing
OUR TEAM
- Manuel silva- Blockchain Developer
- Anthony francis- CEO
- David Cavalli- Frontend Web Developer
- Peter Chen- Full Stack Engineer
- Albert Morawski- Software Engineer
- Website: https://cezo.io/
- Twitter: https://twitter.com/cezo_io
- Medium : https://medium.com/@cezo_io
- Telegram: https://t.me/cezo_io
- Github : https://github.com/cezo-os
AUTHOR
- Bitcointalk Username: lani123lani
- Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=1220105
- Telegram Username: @lani123lani
- Wallet address (eth): 0xaeC6B59a69a13FBea61AC87b27Cc50d8F594F923
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