Zedxion Smart Chain(Zed20) Documentation
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Zedxion Smart Chain(Zed20) Documentation
  • Summary
  • DOCUMENTATION
    • Learn about the ZEDXION Platform
      • ZEDXION Overview: vision, strategy and platform components
      • The ZEDXION Blockchain
        • Discovering the Network
        • ZEDXION Consensus
        • Delegation through Staking with Validators
        • Ethereum (EVM) Compatibility and Smart Contracts
        • Boosting ZEDXION’s Scalability
      • ZEDX Сoin
        • ZEDX Coin Economics
        • ZEDX Coin Wrappers
        • ZEDX on Other Chains
      • Interoperability
      • ZEDXION Governance and Development
        • ZEDXION Assembly
      • Wallets supporting ZEDXION
    • ZEDXION for Business
    • Things you can do on ZEDXION
      • Interacting with the ZEDXION Blockchain
      • ZEDXION Ecosystem
      • Community
      • Grants and Bounties
    • ZEDXION Mobile Infrastructure Use Cases
  • Developers
    • Network Details
      • ZEDXION Mainnet
      • ZEDXION Testnet
      • ZEDXION Faucet
      • Network Upgrades
        • Upgrade Guide
        • Upgrade Guide (explorer nodes)
        • Block 13,800,000 Fork
        • FIP's
    • Consensus
      • Stake, Delegate and Withdraw
      • Vote
      • End-of-Cycle Flow
      • Contract Addresses
    • Resources & Tools
      • TheGraph
      • WalletConnect on Zedx
    • Important smart contracts
      • Zedx Token
      • Zedx Dollar
      • Major Deployed Contracts
      • Bridges
        • Ethereum ↔ Zedx GoodDollar Token
        • Ethereum ↔ Zedx ZED20 Tokens
        • BSC ↔ Zedx BNB
        • BSC ↔ Zedx Native
        • BSC ↔ Zedx ZED20
        • Ethereum ↔ Zedx Native
    • How to become a validator
      • Getting started as a validator
    • Zeddex Contracts v2-v3 Zedx
    • Zeddex Contract v2-v3 BSC
    • API of ZedDex
  • Links
    • Discord
    • Facebook
    • GitHub
    • LinkedIn
    • Medium
    • Telegram
    • Twitter
    • YouTube
    • instagram
    • Slack
    • Zedxion Coin
    • Zedxion Exchange
    • Zedcex Exchange
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  1. DOCUMENTATION
  2. Learn about the ZEDXION Platform

The ZEDXION Blockchain

PreviousZEDXION Overview: vision, strategy and platform componentsNextDiscovering the Network

Last updated 6 months ago

Network Overview and Key Metrics

ZEDXION is the decentralized EVM-compatible public blockchain that powers the ZEDXION platform and ecosystem. It is fully compatible with Ethereum meaning that any smart contract that can be deployed on the latter can also run on top of ZEDXION.

The ZEDXION blockchain uses a variant of delegated Proof of Stake (dPoS) for achieving . The consensus is secured by a significant number of independent validators, only one of which is run by the ZEDXION core team.

Validators are also responsible for the most important type of governance on ZEDXION, namely, adopting the network protocol changes via (FIPs).

The native token of the network is called ZEDX. New ZEDX tokens are issued with every added block and are also use to pay for gas, just like ETH on Ethereum.

The ZEDXION blockchain is designed to ensure fast block confirmation times and a low cost of transactions. The average block interval on ZEDXION is around 5 seconds, and it currently costs much less than $0.01 to get a transaction confirmed.

In its present capacity, the ZEDXION blockchain is capable of processing around 120 native token transfers and 60 ZED-20 token transfers per second. The faster processing of native token transfers is due to the fact that they do not involve computations run on the network's virtual machine.

consensus
ZEDXION Improvement Proposals