What is EtherZero – A Scammy ETH Fork or a Legit Project?

EtherZero Intro

It is familiar that Ethereum is in the top three of digital currencies and rules the virtual scene recently. But to be at the top and go along with your crypto rivals, you have to constantly develop and launch new products and improve your currency’s features.

Ethereum’s initial soft fork had security weaknesses in the voting process, that fact triggered the process of making a hard fork with a new structure and rules as well as forcing all its users to decide either to use the old or a new fork.

A new Etherum’s fork named Ethereum Zero planned for releasing in January this year is a new working project of 20 unknown people, which was announced as the most successful hard fork ever.

Interesting fact is, that Ethereum’s official site and Ethereum’s development team got no comments on this topic. Therefore this brought some speculations about the whole project that is labeled as scam. We will focus on the project in this article not the mentioned “gossips”. Look at the following video and get your own opinion.

EtherZero Official Video

Top 3 coins for huge ROI in 2021?

If you would have bet on the right coins last year you could easily have 10xed your capital…
You could even have made as much as 100x which means you could have turned $100 into as much as 10k.
Experts believe this will happen again in 2021, the only question is which coin do you bet on?
My friend and cryptocurrency expert Dirk is personally betting on 3 under-the-radar cryptocurrencies for huge ROI in 2021.
Click here to learn what these coins are (watch till the end of the presentation).

Here the project is labeled as the “next generation of smart contract platform” built to have all the necessary features that Dapp users need, such as zero fees, high scalability, instant transactions’ paying, high and fast TPS and double layer network system. Some of the Ethereums’ traditional features will be omitted in the new platform as well as the old gas paying system in order to highlight the decentralized applications. The Dash’s masternodes will be pointed out and extended, which will economically broaden this system, maintain and level up the price of the coin. The developers are aiming to raise the market value of EtherZero at 10%.

Everything looks pretty serious and ambitious, but everyone think, who is “behind the scene” and is it for real. It is a fact that, there is a number of ETZ benefits comparing to ETH , but there are still some things that don’t fit, like the exchanges which don’t have an intention to add the ETZ, the blockchain community’s rejection the ETZ according to some technical issues, Metamask blocking the site etc. The community is divided as well on this topic.

EtherZero

There are many questions circulating among the crypto community and the potential users, who will use ETZ, who needs ETZ and in which purpose, what is developers goal-to save Ethereum’s network  from overcrowding or something else.

Two the most important parts of the puzzle- speed and transactions costs, which attract the potential users, who are hunting the lowest  transaction costs and high speed in order to acquire some profit.

IT blog 7Labs on its Facebook page connects ETZ developers with the SmartPlay.tech project. The SmartPlay.tech project could be one of the ETZM’s “addicts”, because of its players number and the small bets, which force them to use ETZ fork to save its network issues,there are some indications according to the  last article of the project.

We can notice, that above mentioned projects are pretty similar to each other. Anonymity and project structure similarity, lead us to a question- Is it possible that, same developers are working behind this projects’ “curtain”.

 

intelligent crypto
How are  regular people making returns of as much as 27,144% in a year?  By picking the right coin at the right time - click the button to learn more.
Crypto arbitration still works like a charm, if you do it right! Check out Bitsgap, leading crypto arbitrage bot to learn the best way of doing it.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Torsten Hartmann has been an editor in the CaptainAltcoin team since August 2017. He holds a degree in politics and economics. He gained professional experience as a PR for a local political party before moving to journalism. Since 2017, he has pivoted his career towards blockchain technology, with principal interest in applications of blockchain technology in politics, business and society.

We will be happy to hear your thoughts

Leave a reply

CaptainAltcoin