Introduction
Ethereal is a lightning-fast Layer-1 blockchain enabling users and developers to build EVM compatible decentralized apps, games, DeFi protocol's, and scaling solutions.
What is the Ethereal?
Ethereal is a web3 infrastructure protocol with the mission of being the go to blockchain solution for enterprises, Web3 gaming, and DeFi. It provides infinite scalability through zkSnarks, optimistic roll-ups, side-chains, decentralized and automated yield generating bridges, smart contract auditing and verification systems, and other features. Ethereal also has multiple target markets including Decentralized Finance, Enterprise Solutions, Web3 and Big Data. Its goal is to offer developers easy access to major scaling and infrastructure solutions while maintaining a solid foundation for growth and security excellence.
Ethereal is
Cross-chain interoperable
Decentralized
Eco-friendly
open-source
Permissionless
Core Focus
Scale Web3 adoption and security
Foster participation and growth
Encourage application development
Cultivate a strong developer ecosystem
Key Features
Speed
Ethereal achieves transaction finality in ~2 seconds on average and provides real-time transactions. That aid in enhancing metaverse gaming, data processing, transaction processing, and cross-chain transactions.
Scalability
Ethereal can process thousands of transactions per seconds and can scale to hundreds of nodes with the capability of scaling to 65,000 transactions per second (TPS).
Security
PoS BFT consensus provides institutional-grade security to distributed networks. Ethereal offers absolute finality, which means that transactions can never be reverted like in networks with probabilistic finality.The Ethereal is also leaderless. By removing leaders, security doesn’t rely on a small set of actors or node validators.
Smart Contract Support
Ethereal is fully compatible with Ethereum. Developers can create and deploy smart contracts as they would on Ethereum using custom smart contracts or their favorite open-source protocols.
Some supported tools:
Securing the network
A node validator must stake 10,000 ETRL tokens to be able to operate as a node validator, which provides early adopters the benefit of a low barrier to entry for validating transactions and helping secure the Ethereal as the fair launch price of Ethereal(ETRL) was $0.75.
Governance
The ETRL token will hold a utility of governance voting rights for ETRL token burns throughout the years from the treasury smart contract. This is due to helping prevent inflation and keeping a stable and secure price target for securing the Ethereal blockchain.Voting will consist of the following discussion topics
Grant funding for new projects (DeFi, Gaming, Security, Government compliance tools, and more).
Projects being listed on the Ethereal decentralized exchange (DEX).
ETRL token burning events.
Node Validator Incentives
ETRL transaction emissions are distributed as incentives for securing and scaling the network. These incentives go directly to node validators to encourage competition, and improve the health of the Ethereal ecosystem.
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