Introduce :

If you are a believer of the cryptocurrency market then I am sure that you cannot forget the crypto craze of December 2012. At that time, many large companies, many businesses moved to a new field that is to invest in the field of cryptocurrency. ZenChain is a scalable, high-throughput, Proof-of-Stake blockchain that is fully compatible and interoperable with Ethereum. It is built using the Cosmos SDK which runs on the Tendermint Core consensus engine and is of course also one of the stable coins. The main advantage of a stable coin is immunity to volatility and inflation. It can be used to issue and receive consumer loans and for various purposes, without fear that the token rate may change in any direction during the transaction. The use of such coins would expand access to a stable currency to those who need it. The relative stability of the US dollar relative to the currencies of other countries is taken for granted. Of course, inflation gradually devalues ​​the dollar, but only slightly, if you take into account the situation in developing countries, where money can lose value by 15% or more every year. Residents of such states are forced to keep their savings in dollars, despite regulatory restrictions that may be imposed on any transaction in foreign currency. An easily accessible digital decentralized instrument with a stable price would be a great alternative for people living in countries with unstable currency systems and tight state capital controls.

What do you know about ZenChain?

The ZenChain project is growing rapidly on the ZenChain platform, which is a blockchain designed specifically for Defi and NFT applications. Since then, ZenChain delivers the highest transaction throughput ever, reduces the risk of errors, and designs special intelligence to perform financial services for non-fungible and exchangeable tokens. position on Blockchain.
ZenChain approaches decentralized finance as a specific and important segment of the blockchain community. ZenChan contains all core DeFi applications built into the core of the chain, not written by smart contracts like swaps, loans, and insurance dapps. ZenChain also contains all supported applications for NFT such as minting, auctions and trading. And especially, with ZenChain, your NFT can use it as collateral in Defi to make a loan or bet on a pool to earn more tokens

ZenChain Protocol and its challenges

On a technical level, the underlying DeFi of the blockchain is facing significant difficulties. Blockchain transaction fees have gone up a lot during times of congestion, with costs for simple, moderate smart contract projects running into the many dollars. High transaction costs result in fewer transactions, thus limiting the sort of transaction types that a layer one blockchain can be used for. Taking everything into account, since more than 90% of DeFi projects depend on the Ethereum blockchain, we will consider the difficulties of the Ethereum challenge as the DeFi challenge:

Flexibility
Another big problem with DeFi projects is the adaptability of the host blockchain. Two important issues emerge from the problem of flexibility:

Transactions take a long time to get confirmed: Transactions are expensive in case of congestion. Ethereum at full cap can measure around 13 transactions per second, while centralized counterparts can handle a lot of transactions.

Smart Contract Issues : The weakness of smart contracts is an important cause of problems for some DeFi projects. If there is the slightest mistake in the code of the smart contract, it can lead to the loss of assets.

Low interoperability
There are different types of blockchain like Bitcoin, Ethereum, Binance Smart Chain, each with its own DeFi ecosystem and local area. Interoperability empowers DeFi platforms, devices, DApps, and agreements of interest across different blockchains to communicate with each other. Until this becomes less complicated, more tasks will be done.

Poor security
Security ensures financial backers in case of hacks or other tampering exercises. Protection takes on an important part in consolidated finance while it is a lot more special in DeFi.

ZenChain Solution

ZenChain offers several solutions to this problem:

• Scalable, high-throughput blockchain with Tendermint Power
• Bridge from Ethereum, Tron, and Binance smart chains to create cross-chain Defi and NFTs solutions.
• Integration of decentralized valuations
• Built-in DeFi primitives: Dex, Lending & Borrowing, IDO token, insurance.
• Irreplaceable Token applications such as minting, auctions, NFT rental
• NFTs X DEFI: bring the power of NFT to the Defi ecosystem and Defi to NFTs.

Cross-chain solutions

ZenChain are two types of solutions that allow token transfers across public blockchain exits:
Bridge Solution: Two-way connection between ZenChain and Etherum, Polkadot, Binance SmartChain, Tron.. and many more chains with ZenBridge module

IBC Solution: Two-way connection between the ZenChain family blockchain and Cosmos using the Inter-blockchain Communication protocols.

Bridge from Etherum, Polkadot, Binance smart chain, Tron, etc.
ZenBridge is a ZenChain bridge <-> Etherum, Polkadot, Binance smart chain, Tron and many more... are designed to run on ZenChain, focusing on simplicity and efficiency in maximum design. The bridge can transfer tokens (ETH, ERC20, DOT, TRX, TRC20, BEP20...) two-way between Ethereum smart chain, Polkadot, Binance, Tron ... to ZenChain.

Users send tokens (ERC-20, TRX20, BEP20, DOT) to the deployed Zen Bridge Contract on each chain, generating a LogLock event.
The ZenBridge relayer listening for this event creates and signs a Tendermint transaction that encrypts this information, which is then transmitted to the Zen Chain.
The nodes of the Zen Chain verify the validity of the transaction.
New tokens representing ERC-20, TRX20, BEP20, DOT are minted in the banking module of ZenChain
Then, ERC-20 can be used on Zen Chain's EVM as well
in Zen Chain's Cosmos-SDK-based application logic.

Benefits of ZenChain:

• Develop key applications for DEFI and NFT.

• High throughput for all transactions

• Blockchain is safer, more secure especially for decentralized finance.

• The rapid growth of dApps for decentralized finance.

• Rest assured that blockchain is not used for any kind of non-financial dApp, so the decisions of the Foundation and core developers are 100% focused on decentralized financial use cases and not what else.

• Rapid growth of dApps with dedicated calls for financial applications.

• Minimal attack surface of financial smart contracts developed on the platform.

• Trustworthy Administration

• Very immutable - by periodically anchoring to the blockchain.

Stable coin

A non-custodial stablecoin is a crypto-asset that aims to stabilize prices against a target currency, typically USD, and seeks to achieve this through additional economic mechanisms. The core components of a non-custodial stablecoin are as follows.

• Collateral: This is the primary store of value for a stable coin. Collateral can be zETH, zBTC or ZEN tokens.
• Dealers: Agents form at least two roles in a non-custodial stablecoin:
• Governance: A mechanism and set of parameters that govern the entire protocol is implemented by actors or by algorithms.
• Issuance: A mechanism to control the issuance of stablecoins based on or using collateral (performed by dealers or algorithmically.
• Oracles: A mechanism for importing data outside of the blockchain into the blockchain, such as a price feed.

Token sales and economics:

Token allocation

Token Name Zem

Public IDO. 5% of the total token supply

Early Contributor. 8% of the total token supply

Strategic Partners 20% of the total token supply

Team. 5% of the total token supply

Advisors. 2% of the total token supply

Ecosystem Development. 33% of the total token supply

Community Growth. 10% of the total token supply

Liquidity and Staking. 17% of the total token supply

Roadmap:

2021 Q2

• Release of public Testnet V1.

• Launch of BIP-20 token.

• Release blockchain explorer

• Implementation of bridges to Ethereum, Tron, Binance SmartChain on Testnet

• Release of Incentivized Staking Competition and bridge.

• Release NFT mint, auction, rent application Testnet

• Release Dex Testnet

• Release Lend and borrow Testnet

2021 Q3

• Launch of Mainnet V1.

• Swapping of the token, from BIP-20 to native chain.

• Implementation of bridges to Polkadot on Testnet

• Implementation of bridges to multiple blockchain networks main net

• Release NFT mint, auction, rent application Mainnet

• Adding staking incentives.

2021 Q4

• Release Dex Mainnet

• Release Lend and borrow Mainnet

• Adding liquidity mining (Dex, Lending) incentives.

2022 Q1

• Launch of cross-chain yield generation

Team

Partner

Conclude :

Overall the project overview I feel very great , is the right choice to invest . Using stable cryptocurrencies as a payment instrument provides merchants with all the advantages of cryptocurrencies without the volatility risk inherent in coins with floating rates. In developing countries, the mobile money market is expanding. while only 2% of adults worldwide have a mobile money account, 12% of adults in Sub-Saharan Africa have one, half of them have no other. We found that countries with the highest reliance on mobile money solutions have the lowest usage of Bank Accounts. That's why we provide you with the best services and give you the best deals. We are confident that with the support
Our support will help your business succeed in the crypto space. Good luck with the project (Zenchain Protocol)

Readers interested in this project can learn more about the project through:
Website: http://www.zenchain.co/
Litepaper: https://docs.zenchain.co/
Telegram group: https://t.me/zenchaingroup
Telegram channel: https://t.me/Zenchainofficial
Twitter: https://twitter.com/zenchainco
Facebook: https://www.facebook.com/Zenchainoffi...
Medium: https://medium.com/zenchain-protocol
Github: https://github.com/zenchainprotocol

Author
Bitcointalk username: hoacomay1992
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2593708
Proof of Authentication link: https://bitcointalk.org/index.php?topic=5336756.msg57014134#msg57014134
BEP-20 wallet: 0x5E2b16194357cd8d300A658bfa70049826806029