Zetrix is a layer-1 public permissioned blockchain that facilitates smart contracts and delivers privacy, security and scalability. The cryptographic infrastructure in Zetrix can be introduced in multiple industries as it creates a more transparent, secure and efficient process for the adoption of all enterprises. The Zetrix chain uses the DPoS (Delegated Proof of Stake) and zBFT (Zetrix Byzantine Fault Tolerance) as its consensus mechanism to support high speed transactions. Using this structure, it is capable of delivering throughputs of 10,000 transactions per second. This allows the chain to maintain high transaction speeds without sacrificing security.
Zetrix was founded in 2021, the blockchain exist as a public blockchain smart contract platform that aims to serve all international markets outside China. Led by MYEG Services Berhad, the South-East Asia company is also collaborating with the 'Institute of Industrial Internet and Internet of Things' of the China Academy of Information and Communications Technology (CAICT) to implement the Zetrix blockchain as the extension of China's national blockchain, Xinghuo Blockchain Infrastructure (Xinghuo BIF). In close partnership with Bubi Technologies Co ltd, one of China's leading blockchain technology providers, is actively involved in the ongoing development of China's national blockchain infrastructure. The join-venture between MYEG Services Berhad and Bubi Technologies Co Ltd. aims to build supernodes within countries in the Regional Comprehensive Economic Partnership based on a blockchain system.
