ZenChain, a dedicated blockchain designed to facilitate DeFi and NFTs usage and application

Introduction

Decentralized Finance popularly known as DeFi has changed the entire narratives in the global crypto space .In the past , cryptocurrency investments was limited to buying , holding and trading crypto assets for profits but DeFi technology has changed the narratives. Decentralized Finance incorporates the features in the traditional banking system which includes, lending , borrowing , insurance , trading and more . DeFi has created huge opportunity of investment for everyone both the banked and unbanked . Despite the huge opportunity created by DeFi , there are still some lapses in the industry. Problems such as low scalability, smart contract problems , low interoperability and more . In this publication, i will be discussing with my readers about ZenChain, a project dedicated specifically to solve all the aforementioned problems . ZenChain will build a Blockchain that will facilitate DeFi and NFTs .

About ZenChain

ZenChain is a dedicated blockchain designed for facilitate DeFi and NFTs uses and application . The ZenChain Protocol supports all related application to DeFi and NFTs such as minting , auction and trading . ZenChain Protocol allows DeFi users to use their NFTs as collateral for loans and staking in other to earn more profits.
ZenChain has developed an easy to use DeFi platform to gives power to the unbanked , here removing any form of restriction associated to investments . Users will be able to enjoy high level of scalability , security and blockchain interoperability in the platform . Zen Chain removes the limitation in operating a single chain DeFi platform . Users will be able to Invest using cryptocurrencies of different chain . Users will be able to access and trade on NFTs of different chain using ZenChain Platform . ZenChain platform is a Proof of Stake ( PoS) blockchain which is being built on Cosmos SDK and runs on Tendermint Coree consensus engine. #ZEN #ZenchainProtocol #Bitcoin #BSC #Crypto

What makes ZenChain Stands out?

(i) Cross Chain : . ZenChain Platform support cross chain and offer bridge solution amongst varieties of blockchain network such as Ethereum , Binance smart chain , tron and other blockchain network.

(ii) Scalable , high throughput blockchain network : ZenChain platform is a Proof of Stake ( PoS) blockchain which is being built on Cosmos SDKand runs on Tendermint Coree consensus engine.

(iii) ZenChain , specially developed for DeFi and NFTs

(iv) ZenChain supports smart contracts technology ,powered by Cosmos, Wasm , EVM tech.

Existing Problem in DeFi Sphere and the Solution offered by ZenChain

(a) SCALABILITY

Scalability is one of the major challenges faced in DeFi space , all these problems makes DeFi not attractive to users. Transactions cost is very expensive and making it unattractive for small scale investors. Another aspects of the problem is the long waiting time it takes to verify and complete a single transaction. All these problems motivated the team of ZenChain to develop a bridge solution, a cross chain platform where users will be able to transact with ease and high profitability.

(b) Smart Contract Vulnerability : There rate which smart contracts are being manipulated is alarming . Some project implements a poorly written smart contract filled with bugs. The attackers / hackers explore these vulnerabilities and steal some large sum of funds from the project , hence rendering the platform useless. ZenChain uses advanced technology and incorporate a well written smart contracts free of bugs

(c) Insurance : Most of these DeFi platform does not have any insurance to protect their users against any form of unforseen event that could lead to loss of funds .ZenChain as a very advance DeFi platform will ensure users are insured by partnering with relevant insurance institution that will cover them .

(d) Interoperability : Interoperability among different blockchain is one of the vital feature required for smooth operation of DeFi . When this is lacking , users will be limited ,hence preventing interactions amongs all these chains. ZenChain will provide a bridge for varieties of blockchain network such as Ethereum, BSC , tron. It will further create the possibility of cross Chain DeFi and NFTs .

ZEN TOKENOMICS
Name : ZEN
NETWORK : BEP20
Total Supply : 100,000,000

Finally

Zenchain will play a huge role in DeFi space due to the amazing features and products it offers. ZenChain removes the limitation in operating a single chain DeFi platform and offering an highly secured DeFi platform tht gives users high level of confidence . Users will be able to Invest using cryptocurrencies of different chain . Users will be able to access and trade on NFTs of different chain using the Platform .

ZenChain Links to official community :

Website : https://zenchain.co/
Litepaper : https://docs.zenchain.co/
Twitter : https://twitter.com/zenchainco
Facebook : https://www.facebook.com/Zenchainofficial
Medium : https://medium.com/zenchain-protocol
Telegram : https://t.me/Zenchainofficial
Github : https://github.com/zenchainprotocol

Authorship
Bitcointalk username :koremodupe
Bitcointalk profile url: https://bitcointalk.org/index.php?action=profile;u=2681359
Eth address: 0x92d259F369B02eF1d625C3F3bDc2F6b06A8BE272