zdp - amazon web services...zdp is the only cryptocurrency that lets you select a cryptographic...
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A REAL-TIME DISTRIBUTED DECENTRALIZED CRYPTOCURRENCY MICROPAYMENTS NETWORK
ZERODAYPAYMENTSWHITE PAPER 1.2
ZDP
«CRYPTOGRAPHY USED TO BE AN OBSCURE
SCIENCE, OF LITTLE RELEVANCE TO EVERYDAY
LIFE. HISTORICALLY, IT ALWAYS HAD A SPECIAL ROLE IN
MILITARY AND DIPLOMATIC COMMUNICATIONS.
BUT IN THE INFORMATION AGE, CRYPTOGRAPHY IS
ABOUT POLITICAL POWER, AND IN PARTICULAR, ABOUT
THE POWER RELATIONSHIP BETWEEN A GOVERNMENT
AND ITS PEOPLE. IT IS ABOUT THE RIGHT TO PRIVACY
FREEDOM OF SPEECH, FREEDOM OF POLITICAL
ASSOCIATION, FREEDOM OF THE PRESS, FREEDOM
FROM UNREASONABLE SEARCH AND SEIZURE,
FREEDOM TO BE LEFT ALONE»
PHIL ZIMMERMANN
THE CREATOR OF PRETTY GOOD PRIVACY (PGP), THE MOST WIDELY USED EMAIL ENCRYPTION SOFTWARE IN THE WORLD
TABLE OF CONTENT 3
EXECUTIVE SUMMARY 4
TOP FEATURES OF ZDP 5
LOW HARDWARE REQUIREMENTS 6
SAFETY AND RELIABILITY 7
THE IMPORTANCE OF MICROPAYMENTS 8
OUR FOCUS 9
OFFICIAL DESKTOP WALLET 10TABL
E OF
CONT
ENT
ZDP COPYRIGHT © 2018 ZDP TEAM. ALL RIGHTS RESERVED.
THIS DOCUMENT AND TRANSLATIONS OF IT MAY BE COPIED AND FURNISHED TO OTHERS, AND DERIVATIVE WORKS THAT COMMENT ON OR OTHERWISE EXPLAIN IT OR ASSIST IN ITS IMPLEMENTATION MAY BE PREPARED, COPIED, PUBLISHED, AND DISTRIBUTED, IN WHOLE OR IN PART, WITHOUT RESTRICTION OF ANY KIND, PROVIDED THAT THE ABOVE COPYRIGHT NOTICE AND THIS SECTION ARE INCLUDED ON ALL SUCH COPIES AND DERIVATIVE WORKS. HOWEVER, THIS DOCUMENT ITSELF MAY NOT BE MODIFIED IN ANY WAY, INCLUDING BY REMOVING THE COPYRIGHT NOTICE OR REFERENCES TO ZDP TEAM, WITHOUT THE PERMISSION OF THE COPYRIGHT OWNERS. THIS DOCUMENT AND THE INFORMATION CONTAINED HEREIN IS PROVIDED ON AN «AS IS» BASIS AND
THE ZDP TEAM DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO ANY WARRANTY THAT THE USE OF THE INFORMATION HEREIN WILL NOT INFRINGE ANY OWNERSHIP RIGHTS OR ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.
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ZDP TEAM DISCLAIM ALL AND ANY GUARANTEES, UNDERTAKINGS AND WARRANTIES, EXPRESSED OR IMPLIED, AND SHALL NOT BE LIABLE FOR ANY LOSS OR DAMAGE WHATSOEVER (INCLUDING HUMAN OR COMPUTER ERROR, NEGLIGENT OR OTHERWISE, OR INCIDENTAL OR CONSEQUENTIAL LOSS OR DAMAGE) ARISING OUT OF OR IN CONNECTION WITH ANY USE OR RELIANCE ON THE INFORMATION OR ADVICE ON GIVE IN THIS WHITE-PAPER. THE USER MUST ACCEPT SOLE RESPONSIBILITY ASSOCIATED WITH THE USE OF THE MATERIAL IN THIS WHITE-PAPER, IRRESPECTIVE OF THE PURPOSE FOR WHICH SUCH USE OR RESULTS ARE APPLIED.
EXECUTIVE SUMMARY
The cryptocurrency community created a vibrant ecosystem of services that aim to introduce and increase mass adoption of the cryptocurrencies. The blockchain projects are transforming major industries and at the same time the new platforms are emerging trying to solve the existing problems of other cryptocurrencies and lay a foundation for the future wide use of
blockchain platforms.
While existing cryptocurrencies provide (or will provide soon) great facilities for instantaneous regular (macro) payments, the vast area of micropayments is largely uncovered as it requires a different approach to both technological and social aspects of payments. The ability of devices, individuals and businesses to make payments with the recipient having visibility and use of those funds in near to real time, is an objective that seems likely to become more pressing. One of the key trends in modern online economy is an increased focus globally on speeding up payment processing through faster settlement or payment initiation.
ZeroDayPayments network (ZDP) is solving problems of micropayments delivering an easy-to-use and easy-to-integrate real-time distributed cryptocurrency micropayment network with guaranteed high throughput and predictable low transaction fees for IoT[1] and P2P[2] markets in both B2B [3] and B2C[4] segments.
[1] IoT - The Internet of Things (IoT) is the network of physical devices, vehicles, home appliances and other items embedded with electronics, software, sensors, actuators, and connectivity which enables these objects to vonnect and exchange data.[2] P2P - Peer-to-peer (P2P) computing or networking is a distributed application architecture that partitions tasks or workloads between peers.[3] B2B - Business-to-business refers to a situation where one business makes a commercial transaction with another.[4] B2C - Business to Customer (Business to Consumer) describes the activities of businesses in selling products and/or services.
ZDP
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NETWORK INTERNET OF THINGS
ENTERPRISE-READINESS USABILITY
It is estimated that the global market value of IoT will reach $7.1 trillion by 2020. ZDP aims to support global transaction levels and volumes for IoT market.
Usability and user-friendliness and overall ease of use of ZDP currency from a variety of different user groups and perspectives is out top priority.
We are building a decentralized network of public and private processing nodes and a public and open distributed ledger: https://ledger.zdp.io.
Based on open-source enterprise-grade standards with monitoring and reporting, backup and recovery tools. Commercial support available.
WITH GUARANTEED PERFORMANCE AND LOW TRANSATION
FEES - WE MAKE MICROPAYMENTS A REALITY!
In the modern online economy world micropayments are used in scope of microtransactions strategy for digital content monetising. Therefore in the last few years micropayments (defined as online transactions from fractions of a cent up to $10) have occupied an important place.
TOP FEATURES OF ZDP
ANONYMITY EASE OF INTEGRATION
• Open-source Java/C++/C#/Javascript SDKs• Reference implementation/examples available• Open-source messaging (Apache ActiveMQ)• HTTP REST API (JSON/XML)• Community support
• Anonymous accounts secured by private keys• Anonymous transfers between accounts• Unique untraceable addresses• Irreversible transactions• TOR/I2P integration
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LOW HARDWAREREQUIREMENTS
OUR PRORITY IS ZDP CLIENTS HAVE AN ABILITY TO
OFFLOAD MOST OF THE OPERATIONS
TO THE POWERFUL SYSTEMS THAT
RUN THE NETWORK BY UTILISING
NETWORK’S HTTP REST SERVICES.
The support of the devices with limited storage, minimum memory and processing power (that are common in IoT industry) is one of the top priorities in the design of the ZDP cryptocurrency. This includes the choice of the cryptography algorithms – ECC (elliptic curve cryptography).
This asymmetric encryption and decryption method is shown by the US National Institute of Standards and Technology (NIST) and third-party studies to significantly outperform its biggest competitors, offering significantly shorter keys (comparing to alternatives, such as RSA algorithms), lower central processing unit (CPU) consumption and lower memory usage.
Timeliness has at least two
elements: the timing of the
availability of funds to the
recipient and a confirmation
that the payment has been
authorised and funds will be
received.
This includes the ability to
access the payments system
when and where required
and to be able to make
payments to whomever
required.
Ease of use can reflect
factors such as the number
of steps in the payment
process, the amount of
information that must be
provided, and the process by
which it is provided.
TIMELINES ACCESSIBILITY EASE OF USE
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OUR PRORITY IS
SAFETY AND RELIABILITY
CRYPTOGRAPHY
ZDP is the only cryptocurrency that lets you select a
cryptographic algorithm of your preference for your
private/public key generation. This feature allows
integrators to focus on the algorithms best supported
by their software and hardware capabilities:
prime192v1/2/3, prime239v1/2/3, prime256v1,
secp192k1 (Bitcoin), secp192r1, secp224k1/
r1, secp256k1/r1, secp384r1, secp521r1,
P-224/256/384/521, c2pnb163v1/2/3, c2pnb176w1,
c2tnb191v1/2/3, c2pnb208w1, c2tnb239v1/2/3,
c2pnb272w1/304w1, c2tnb359v1, c2pnb368w1,
c2tnb431r1, sect163k1/r1/r2, sect193r1/
r2, sect233k1/r1, sect239k1, sect283k1/r1,
sect409k1/r1, sect571k1/r1, NIST (B-163
/233/283/409/571), Teletrust (brainpool), ECGOST
(GOST3410-2001).
Payments are often made as part of a process that requires
some form of information exchange and reconciliation.
Payment systems should be able to integrate efficiently with
these processes. Key examples are the capacity of payment
systems to carry additional information relevant to the
payment and the ability of payment messages to be easily
integrated with accounting and other business systems.
End users of a payment system need to have confidence
that the system will be available when expected and
that payments will reach the intended recipient at the
time promised. They also need to be confident that
the system is secure, so that using it will not expose
them to future losses as a result of information being
fraudulently obtained.
EASE OF INTEGRATION SAFETY AND RELIABILITY
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THE IMPORTANCE OF MICROPAYMENTS
FOR MERCHANTS, MICROPAYMENTS ARE OFTEN TOO EXPENSIVE TO OFFER. PROCESSING FEES ASSOCIATED WITH CARD-BASED TRANSACTIONS ARE OFTEN HIGH ENOUGH THAT THEY PARE
DOWN OR ELIMINATE ALMOST ALL POTENTIAL FOR SELLER PROFIT FROM MICROPAYMENT TRANSACTIONS.
INSTANTANEOUS PAYMENT SETTLEMENT
VisaNet handles an average of 150 million transactions every day and is capable of handling up to 50,000 transactions per second (TPS) as of July, 2017.
ZDP cryptocurrency network is designed to match VisaNet’s volume and target the future volumes thus discovering previously unknow ways of content monetisation.
ZDP is designed to scale to millions of requests to
cater for current and future payment needs of B2B (IoT)
and B2C markets.
Performance and low transaction fees are
essential to business use-cases of online enterprises.
Using the latest software hardware for validation network
nodes the performance aspect of the system is guaranteed.
SCALABILITY PREDICTABILITY
PERFORMANCE
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OUR FOCUS
USABILITY
POSITIVE USER
EXPERIENCE
EFFICIENCY
AVAILABILITY
ACCESSIBILITY
ENTERPRISE-
READINESS
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OFFCIAL DESKTOP WALLET
SOURCE CODE AND DOWNLOAD AVAILABLE AT:
https://github.com/zerodaypayments/zdp-desktop-wallet
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