Zenchain Protocol – High throughput expansion with TenderMint Power

in korean •  3 years ago  (edited)

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Each of us, when we want to invest or spend a large amount of money on something, we have a high demand for its final results and quality. And to have a great result, the management must be extremely tight and always under our control. If you are a person working in the electronic market or your work is related to the electronic market then I am sure that you know the transparency and clarity of blockchain is essential of a cryptocurrency. The goal of the Zenchain Protocol project is to create a platform that aims to accelerate their activities by separating the functions on the blockchain into both defi and nft, while generating a high transaction volume. There will be a blockchain that will be specially optimized on the platform and the platform will appear using a biological smart chain. Cross-chain logic will be one of the most important features. Following this cross-chain logic, ethereum, zincie smart binance and tron ​​etc aim to provide and
support connect bridge solutions. In addition, the platform supports technologies such as ZenChain, Cosmos, and EVM and complies with these agreements. To learn more about the project, follow me through this article.

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Over the years, the cryptocurrency market has developed rapidly, it is
constantly evolving and changing to be able to fully meet human needs. In order to optimize the rights of use as well as the benefits of users, DeFi and NFT have officially cooperated, and the Zenchain project is the dedicated blockchain that proves and is the first product of the combination. between DeFi and NFT.
The aim of the Zenchain Protocol project is to create a platform that aims to further their activities by separating the functions on the blockchain into both defi and nft, while creating a single high transaction volume. There will be a blockchain that will be specially optimized on the platform, and the platform will appear using
a biological smart chain. Cross-chain logic will be one of the most important features. Following this cross-chain logic, ethereum, binance smart chain and tron .
​​ Aim to provide and support connect bridge solutions. In addition, the platform supports technologies such as ZenChain, Cosmos, and EVM and complies with these agreements.
Among the most important energy sources of the foundation are the binance, palkadot, tron ​​and cosmos intelligent chains. In addition, the project currently has 17 partners in beta and I think the number of these partners will increase significantly.
Currently, 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 running on the Tendermint Core consensus engine. By focusing on blockchain functionality and dedicated to DEFI and NFT, ZenChain provides unprecedented high transaction throughput, reduced risk of errors, and developed special intelligence to perform financial services. for both fungible and non- fungible tokens (NFTs) on the blockchain. Additionally, because it is built on top of the Cosmos SDK, it will be able to exchange value with the rest of the Cosmos Ecosystem via the Inter Blockchain (IBC) Communication Protocol. This is a great development that Zenchain has achieved.

How will NFTs in Zenchain Protocol be developed?


NFTs are tokens that ZenChain can use to represent ownership of unique items. Imagine this is a pear or leveling item in traditional games, with NFT your power in Defi will be upgraded and make you have some special benefits over others without NFT-Fi. In other words, you can think of NFT-Fi like a loyalty card or coupon.
It incentivizes people to contribute directly to the ecosystem and benefit by staking their NFTS, defi strategies that have turned people into millionaires in the Defi space and using Defi to create NFT-Fi Talking about technology, you probably understand enough about Zenchain. Here are some important features of the ZEN token that all investors are looking forward to.

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Limitations of Zenchain in the blockchain community

Just like Bitcoin and Ethereum blockchains, Existing Blockchain Infrastructure also faces some major problems such as poor value transfer during processing. In addition, in the mining process, energy consumption is still a bit high and the price difference is higher than the regulations. This is precisely the disadvantage of blockchain that is facing. In recent times, this issue has also been responded to by some customers. The issue of low liquidity fees benefits customers but is a big problem for Blockchain because they will be short of capital and have to increase transaction fees if customers want fast transactions to compensate for low losses caused by liquidity. Although the problem is recognized and the customer feedback, but to overcome these situations is not easy and it takes a long time to be
able to change gradually.

What moves does Zenchain have against the above limitations?


When there are problems to be solved, we have to come up with suitable solutions to solve them. One of the fastest solutions is innovation. And the ZenChain protocol is a major innovation. Zenchain focuses on advanced cryptocurrencies and traditional financial products and does so to attract users from different chains through interoperability between multiple blockchains. Besides, ZenChain allows for complete freedom of decentralization through the auto market maker (AMM) allowing for quick swapping between tokens from different chains.
More than that, ZenChain protocol ZenChain processes high number of transactions per second through Tendermint electric technology, increasing the scalability of Blockchain. An important Blockchain solution is the creation of Zen tokens. The Zen token stands for $Zen, it is the native token used as the fuel for all transactions on the Zenchain protocol. It has a maximum supply of up to hundreds of millions.

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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 top of the Tendermint Core consensus engine.

Here’s a glance at some of the key features of Zen Chain:

  • Web3 compatibility
  • High throughput via Tendermint Core
  • Horizontal scalability via IBC
  • Fast transaction finality

ZenChain enables these key features through:

  • Implementing Tendermint Core's ABCI application interface to manage the blockchain
  • Leveraging modules and other mechanisms implemented by the Cosmos SDK
  • Utilizing geth as a library to avoid code reuse and improve maintainability.
  • Exposing a fully compatible Web3 RPC layer for interacting with existing Ethereum clients and tooling (Metamask, Remix, Truffle, etc).

The sum of these features allows developers to leverage existing Ethereum ecosystem tooling and software to seamlessly deploy smart contracts which interact with the rest of the Cosmos ecosystem.

IDO TOKEN

ZenChain Token IDO is a decentralized incubator that helps promising projects reach their full potential by leveraging the investment power and buzzing potential of the community.
ZenChain aspires to democratize access to investment opportunities that were previously only available to skilled investors and venture funds, opening a closed ecosystem of phased crypto project investments. head for everyone.

Token Name : ZEN
Token Type : BSC
Ticker: ZEN
Total Token Supply : 100,000,000 ZEN

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TEAM

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PARTNER

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The Zenchain Platform is a Blockchain-based platform with a vision to take blockchain technology to the next level. Full authority, improved transaction speed and low costs, improved deployment speed, improved security, and more. It is a related general purpose blockchain network and can be applied to different areas in Blockchain. Like every other major company in the world, Zenchain was created to be able to break through the existing barriers and data warehouses created by the business model and open up its global reach. Here ZenChain Foundation is developing a special blockchain dedicated to decentralized finance (DEFI) applications and non-fungible tokens (NFT). By focusing on the functionality of the blockchain and dedicating it specifically to Defis and NFTs, Zenchain provides unprecedented high transaction throughput, reduced risk of errors, and developed special intelligence to perform services. financial services for both fungible and non-fungible tokens (NFTs) on blcockchain. As time goes on, it constantly asserts its position in the cryptocurrency market and they also show customers that investing in Zenchain is a right choice.

or more information, visit the link below
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/Zenchainofficial
GITHUB : https://github.com/zenchainprotocol
MEDIUM : https://medium.com/zenchain-protocol
THREAD BOUNTY: https://bitcointalk.org/index.php?topic=5336756.0

Author
Forum Username: Robertstocas
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2727645
Telegram Username: @FullnameHit
BSC Wallet Address: 0xa84E21CB02D045D6bd520024b8E753bBfeF08b39
https://bitcointalk.org/index.php?topic=5336756.msg57045578#msg57045578

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Quite an interesting article created. Thank you very much.

Zenchain has a very successful IDO, congratulations

yes , IDO sold in 5 minutes

An informative review, you need to consider which platform.

thank you for share

Cross-chain technology is currently very developed

Thanks for the article, thanks to the project team for opening a new path in the blockchain industry

Zenchain integrates cross-chain technology to bridge the connection between ecosystems

Thank you very much for the interesting information. I like it very much.

Thank you for the interesting information

A lot of partners have cooperated and invested in zenchain

It is well worth reading and continuing to work on. Not too easy but not too difficult either.

Thanks, The article I researched and wrote for a long time

great project

great sir

Thanks for the good review

thank , mate