1. Clear Roadmap:
One of the fundamental factors that establishes credibility for a blockchain is a well-defined development roadmap. With a transparent and coherent development plan, investors and users can trust in the project’s long-term vision. This roadmap should provide a clear trajectory for technology upgrades, ecosystem expansion, and overall project development.
2. Security:
Security is of utmost importance in the blockchain world. ZKFair must prove to its users that it is secure and reliable. Source code should be made public and verified by multiple parties.
3. Transparency and Decentralization:
Every aspect of the project should be transparent. While ZKFair has done this well, decentralization remains a community expectation.
4. Low Transaction Fees:
The first criterion for competing with Layer 2 solutions is transaction fees. ZKFair needs to maintain transaction fees below $0.1 for a basic transaction.
5. Diverse Ecosystem Development:
Building a thriving ecosystem is essential for the long-term success of any blockchain project. By supporting various applications and use cases, ZKFair can attract a diverse user base and maintain relevance in the ever-evolving cryptocurrency landscape.
In conclusion, these five prerequisites serve as the foundation for ZKFair’s potential to become a $10 billion project. As the blockchain space continues to evolve, ZKFair’s commitment to excellence, security, transparency, low fees, and a diverse ecosystem may propel it to new heights in the cryptocurrency world.