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Cryptocurrencies

Zeus network

Zeus Network (ZEUS)


Zeus Network is a multi-chain layer developed on Solana, designed to facilitate interoperability between Bitcoin and leading blockchains through a permissionless framework[1]. Utilizing the Zeus Program Library (ZPL) and ZeusNode, it empowers developers to create decentralized applications (dApps) that can harness cross-chain liquidity into Solana, thereby enhancing asset utilization across blockchain ecosystems. $ZEUS is the official token of the Zeus Network on the Solana blockchain.

How it works: Bitcoin and Solana

The core component of Zeus Network is ZeusNode, which serves as the interaction establisher, providing a trustless mechanism for Solana to interface with other blockchains[1]. This system allows for seamless cross-chain liquidity transfers, particularly between Bitcoin and Solana, through a series of coordinated roles and processes.

zeus-network background
Ticker ZEUS
Category Infrastructure
Website https://zeusnetwork.xyz/
Twitter @ZeusNetworkHQ
Contract Addresses
solana ZE...GqCopied!

Bitcoin-Solana user experience scenarios

The interaction between Bitcoin and Solana within Zeus Network involves several key roles:

  • ZeusNode Operator: Responsible for collecting, proposing, and relaying transactions.
  • ZeusNode Guardian: Validates and signs transaction proposals from ZeusNode.
  • User: BTC or zBTC holders who initiate cross-chain liquidity transfers.
  • Hot Reserve: A Bitcoin Taproot address for user deposit requests.
  • Cold Reserve: A Bitcoin Taproot address securing all validated deposits.
Depositing BTC into Solana

To acquire permissionless BTC on Solana, users must deposit BTC, which is then securely locked in the Bitcoin Cold Reserve. The process involves:

  1. The user submits a BTC deposit request through APOLLO (a dApp) to their dedicated Hot Reserve.
  2. The ZeusNode Operator collects the deposit request and initiates a locking proposal.
  3. The ZeusNode Guardian reviews and signs the locking proposal for the Cold Reserve.
  4. BTC is locked in the Cold Reserve on the Bitcoin blockchain.
  5. zBTC is minted and stored in vaults on Solana.
  6. The user can claim their zBTC from the vault.
Withdrawing BTC back to Bitcoin

For withdrawals, the process is as follows:

  1. The user returns zBTC to the vault on Solana.
  2. The user submits a BTC withdrawal request.
  3. ZeusNode Operator collects the withdrawal requests and proposes an unlocking.
  4. The Operator initiates the unlocking process on the Bitcoin blockchain.
  5. ZeusNode Guardian signs the unlocking proposal.
  6. The user receives BTC from the Cold Reserve.

Blockchains

Zeus Network's vision is to bridge Bitcoin with other blockchains, fostering cross-chain liquidity and decentralized applications while maintaining Bitcoin’s security and decentralization.

Solana

Solana's monolithic blockchain architecture provides a unified execution layer, ensuring high speed, low fees, and scalability without relying on fragmented solutions like sharding[1]. This makes it ideal for decentralized finance (DeFi), non-fungible tokens (NFTs), and large-scale applications. Zeus Network has chosen Solana as the initial platform to unlock Bitcoin liquidity within a high-performance, trustless, and permissionless environment, aiming to drive mass adoption and innovation.

Future extension

Zeus Network is expanding its cross-chain integration services to additional blockchains to build a permissionless ecosystem where assets like BTC can seamlessly interact with the broader Web3 world, providing a robust liquidity foundation for blockchain ecosystems. This service requires a 2% to 5% total supply lock of $ZEUS tokens.

ZeusNode

ZeusNode is the core infrastructure built on the Solana Virtual Machine (SVM), powering Zeus Network's role as Solana’s multi-chain layer and enhancing liquidity with permissionless Bitcoin integration[1].

ZeusNode enables seamless Bitcoin operations on Solana's high-speed environment while ensuring transaction integrity and adhering to high-security standards for cross-chain assets. It establishes a trustless interaction framework between Bitcoin and Solana, facilitated by the coordinated efforts of the Operator and Guardian.

Epoch initiation

Zeus Network initiated its operations at Solana slot 305,467,245. On December 12, 2024, the network successfully established a Bitcoin blockchain on Solana, marking a significant milestone. Zeus Epochs now align with Bitcoin blocks, with each epoch spanning 4,444 Bitcoin blocks, approximately equal to 30 days.

Sources

  1. https://docs.zeusnetwork.xyz/