The ZenChain Foundation has announced the public testnet, the blockchain platform developed under the codename “Lotus-testnet”. This version ZenChain Test net enables digital asset creation include Non-fungible tokens (NFTs), decentralized swaps, multi-level multi-signature accounts, advanced staking, governance systems. In addition to the public release of the ZenChain testnet, the ZenChainFoundation invites developers and enthusiasts to join the ZenChain public chain testnet.

TechLead of ZenChain Foundation Kawasaki Takao said: “ZenChain is built for scale with frictionless onboarding and adoption for DEFI and NFT DApps. We’re excited to welcome the community and partners to participate in our testnet in preparation for becoming validators on our main net.”

The purpose of this release is to collect system data on the consensus protocol under more dynamic conditions and at a larger scale than the developer team can sustain internally. ZenChain Foundation needs widely validators, users to help generate telemetry data, analyze and feedback into the development team. The ZenChain team also wants users’ feedback on everything related to the testnet experience.

ZenChain Foundation also working to provide some novel ways for participants to engage with the testnet and monitor the network’s activity with our blockchain explorer at https://scan.zenchain.network There will be no persistence guarantees and tokens in the test network will not be transferable to the main net in any way. The test net needs to regenerate the genesis block and reset the test network periodically.

The subsequent testnet launch is in preparation for the main net scheduled to go live in the third quarter of 2021. More functions will be released in the next Testnet version is the NFTs trading, lending, and borrowing platform and build a bridge to Etherem, BSC, Tron, and Polkadot.

ZenChain Foundation’s CEO Josiah Tan said: “Our goal is to build the best experience for billion users on DEFI & NFT. We sought to build a secure and flexible solution that reduces costs and speed friction, increases trust, and expands the flow of ideas to accelerate innovation. The ZenChain does all this for a multitude of industries.”

ZenChain solution
ZenChain gives some solution to resolve this problem:

• Scalable, high-throughput Blockchain with Tendermint Power
• Bridge from Etherum, Tron, Binance smart chain make cross-chain Defi and NFTs solutions.
• Decentralized pricing oracles built-in
• DeFi primitives built-in: Dex, Lending & Borrowing, token IDO, insurance.
• Non-fungible Token applications like a mint, auction, rent NFTs
• NFTs X DEFI: bring the power of NFTs to Defi ecosystem and Defi to NFTs.

SUMARRY

ZenChain allows for running vanilla Ethereum as a Cosmos application-specific blockchain. This allows developers to have all the desired features of Ethereum, while at the same time, benefit from Tendermint’s PoS implementation. Also, because it is built on top of the Cosmos SDK, it will be able to exchange value with the rest of the Cosmos Ecosystem through the Inter Blockchain Communication Protocol (IBC).

OFFICIAL LINK
WEBSITE:http://www.zenchain.co/

TWITTER:https://twitter.com/zenchainco

FACEBOOK:https://www.facebook.com/Zenchainofficial

TELEGRAM GROUP:https://t.me/zenchaingroup

TELEGRAM CHANNELS:https://t.me/Zenchainofficial

MEDIUM:https://medium.com/zenchain-protocol

GITHUB:https://github.com/zenchainprotocol

Author:
Bitcointalk Username: bronasan
BitcoinTalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=1236365