EZC is the native token of EZChain. It’s a hard-capped, scarce asset that is used to pay for fees, secure the platform through staking, and provide a basic unit of account between the multiple subnets created on EZChain. 1 nEZC is equal to 0.000000001 EZC.
EZChain Consensus Protocol:
Protocols in the EZChain family operate through repeated sub-sampled voting. When a validator is determining whether a transaction should be accepted or rejected, it asks a small, random subset of validators whether they think the transaction should be accepted or rejected. If the queried validator thinks the transaction is invalid, has already rejected the transaction, or prefers a conflicting transaction, it replies that it thinks the transaction should be rejected. Otherwise, it replies that it thinks the transaction should be accepted.
Snowman Consensus Protocol
Snowman is a chain-optimized consensus protocol–high-throughput, totally-ordered, and great for smart contracts. Snowman is powered by the EZChain consensus protocol. Both P-Chain and C-Chain implement the Snowman consensus protocol.
Key Features
Speed
Uses a novel consensus protocol, developed by a team of Cornell computer scientists, and is able to permanently confirm transactions in under 1 second.
Scalability
Capable of 4,500 transactions per second–an order of magnitude greater than existing blockchains.
Security
Ensures stronger security guarantees well-above the 51% standard of other networks.
Flexibility
Easily create custom blockchains and decentralized apps that contain almost any arbitrary logic.
Sustainability
Uses energy-efficient proof-of-stake consensus algorithm rather than proof-of-work.
Smart Contract Support
Supports the creation of Solidity smart contracts and your favorite Ethereum tools like Remix, Metamask, Truffle, and more.
Private and Public Blockchains
Create your own public or private blockchains.
Designed for Finance
Native support for easily creating and trading digital smart assets with complex, custom rulesets.