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The major reason why people venture into cryptocurrency is to gain financial and freedom, which seems to be impossible sometimes due to some lapses in Defi world, NFT, and the crypto world at large. The motive to create financial liberty becomes an issue; due to the unachievable motive of creating peer–to–peer of assets, lending, and tokenization; as a result of this people have a limited choice as to investment decisions on crypto asset.
In Nutshell, Defi (Decentralized Finance) is a pattern of finance that uses the digital asset, Protocol, Dapps (Decentralize Application) on both Binance Smart Chain and Ethereum Network; in other to allow the member of the public to have access to funds.
Furthermore, NFT (Non-fungible Token applications) is a digital asset that depicts real-world objects like music, art, in-game items, and videos. They are purchase and sold online, often with cryptocurrency, and they are mostly encoded with the same fundamental software as cryptocurrency. Considering the usefulness of NFT and Defi the issue of financial freedom is still not solved; Zenchain is the solution.
What is ZENchain?
ZenChain IS a dedicated blockchain platform that is specifically designed to enhance DEFI (Decentralized Finance and NFT (Non-FungibleNon-Fungible Tokens) applications. This is done by having all Defi application built in an integral part of it chains like lending, insurance Dapps, and swap; and also create room for NFTs like an auction, minting and trading, furthermore, Zechain makes it possible for NFT to be used as collateral for staking and loan, with a motive to receive an extra token.
FUNCTION/DUTIES ZENCHAIN
• ZenChain gives Scalable, high-throughput Blockchain with Tendermint Power
• ZenChain gives Bridge from Etherum, Tron, Binance smart chain make cross-chain Defi and NFTs solutions.
• ZenChain gives Decentralized pricing oracles built-in
• ZenChain gives Defi primitives built-in: Dex, Lending & Borrowing, token IDO, insurance.
• ZenChain gives Non-fungible Token applications like a mint, auction, rent NFTs
• ZenChain gives NFTs X DEFI: bring the power of NFTs to the Defi ecosystem and Defi to NFTs.
Furthermore, ZenChain is a highly scalable platform, high-throughput Proof-of-Stake blockchain that can work and interoperable with Ethereum. It is developed using the SDK Cosmos which work on top of the Tendermint Core consensus engine.
More so, ZenChain allows vanilla Ethereum as a Cosmos application-specific blockchain. This makes developers have all features of Ethereum, and concurrently benefit from Tendermint’s Proof of stake implementation.
Benefits of ZenChain
• ZenChain develops key applications for the DEFI and NFTs.
• ZenChain gives High throughput for all transactions
• Zechain is more Saver, a secure blockchain that is specifically designed for decentralized finance.
• ZenChain helps in the rapid development of dApps for decentralized finance.
• ZenChain helps in the rapid development of dApps with dedicated calls specifically for finance applications.
• ZenChain helps in minimizing the attack surface of financial smart contracts developed on the platform.
• ZenChain has Reliable governance
• ZenChain is Highly immutable – by periodic anchoring to the blockchain.
CONCLUSION
ZenChain chain is a platform that helps it, user, to enjoy and unlock the full benefit of Decentralize finance and Non-fungible Token applications with the motive of them to have financial freedom and good Return on investment.
For more information visit:
Website url : https://zenchain.co/#/
Telegram url: https://t.me/zenchaingroup
Twitter url: https://twitter.com/zenchainco
Facebook url: https://web.facebook.com/Zenchainofficial?_rdc=1&_rdr
Medium url: https://medium.com/zenchain-protocol
Githum url: https://github.com/zenchainprotocol
Litepaper url: https://docs.zenchain.co/
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