ZEOS, as the first letter of its name suggests, uses the zk-SNARKs system to process transactions. Matthias Schönebeck explained how this system works. ZEOS has been successfully tested, and the various libraries will be released by the end of the year. A smart contract has been created that emulates the Zcash blockchain (we are talking about emulating the functioning of the protocol itself), taking advantage of other services such as the VCPU and VRAM that do not only allow to scale the power of the EOS blockchain.
But they also have the advantage of lowering the costs of managing the smart contract.
This smart contract can process on-chain transactions, anonymizing them by leveraging other solutions such as DPS to lighten the information load to process.
Everything is decentralized and trustless.
ZEOS allows all kinds of transactions, such as sending fungible and non-fungible tokens like NFTs. A protocol for token exchange, a DEX, has already been put on the roadmap, which uses ZEOS to process transactions, entering the world of anonymous, decentralized finance (DeFiAn).
Everything will also be integrated into existing wallets. Users will only have to create their ZEOS account from their account and connect it to the various protocols designed with a simple button. They will then be able to make anonymous transactions directly from the wallet without installing anything else and placing their private keys in another wallet with potential vulnerabilities.
The ZEOS Website (incl. Roadmap) is accessible here.
More Infos and News on ZEOS:
Author: Peter Valenčič
Editor: Markus Hinrichs
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