Description
etrapay is a next-generation Layer 1 blockchain designed for everyday payments, offering instant global transactions with zero fees. It aims to be a "Bitcoin 2.0" by combining high performance with privacy. The platform utilizes an optimized Avalanche blockchain architecture to achieve speeds of up to 100,000 transactions per second and one-second finality. For privacy, it employs zkMorphic Proofs and the Evacy 2.0 payment architecture to encrypt transactions, ensuring user data is secure while maintaining compliance. The etrapay wallet is designed for a simplified user experience, abstracting away private key management and supporting seamless onboarding from both Web2 and Web3. The network is decentralized through its native currency, ETRA, which is used for staking and governance, rewarding validators with both staking rewards and fees. Additionally, etrapay introduces eERC-20 (Encrypted ERC-20), a privacy-as-a-service solution that brings confidentiality to any EVM-compatible network without requiring modifications to the base chain. This technology is fast, with encryption/decryption and ZK proof generation happening in milliseconds, and is suitable for both public and institutional use cases.