The Zelerius Network was created in September 2018. It is an open-source Blockchain platform.
Zelerius originated as a Bytecoin hard-fork and was released by three Spanish developers without the presence of an ICO or any form of “Pre-mined” coins.
Zelerius is a payment system ready for use wherever you are, even in remote places. We work to build a simple and easy network.
Zelerius is created as a digital decentralized peer-to-peer cryptocurrency, based on the CryptoNight Proof-of-Work algorithm which provides a private, secure and untraceable network for high-speed transactions. Zelerius provides anonymity in each transaction, this means that only participants of a given transaction know the details about it.
Besides offering desktop wallets, Zelerius uses a Telegram wallet system which allows their users to send and receive payments across its network with complete privacy, very low fees and great ease. With these anonymous features Zelerius aims to deliver a form of confidence and trust to those that value their privacy above all. “As easy as sending a message to a friend” Zelerius is not related to Telegram but we know how to use the technology Telegram provides.
An address in Zelerius Network identifies the user. It is used to send and receive coins in the network. Zelerius addresses always start by “ZL”. An example of Zelerius address is as follows ZL3fGvzsm37MUYUJmSa3PS1f6vE3uvqv7R3RFfeQ4qocfVsN6vA5sobauqbHXB7w9FZWpGaFxpNNmMk itDkczf3g11c1DyAKU
Because the Zelerius addresses are very long and difficult to memorize, we are working in alias addresses, to make it as easy as an email address.
The time between blocks is only 30 seconds. This allows fast transactions at the same time during the mining process which results in lesser orphaned blocks. The Zelerius block rewards will never reach zero. Instead these rewards will gradually lower until tail emission commences at the end of January 2025. After this marker, this will be a fixed reward of 0.3 ZLS per block.
The maximum supply of Zelerius is infinite but comes with an asymptote after twenty million coins approximately. The reason for this is to provide an incentive to Zelerius miners which maintains the network security.
Finally, Zelerius Network is a very ambitious project which now has its focus on developing utilities such as payment platforms, Android and IOS apps and smart contracts. We believe that hard work pays off rather than focussing on the current market and their prices.