Introduction

Did you know, the cryptocurrency market is growing rapidly and this has made it a major financial asset, an object of intense interest and speculation around the world. The economy failed and this has made crypto holdings a necessity as a hedge against inflation.
Less than a few years ago, it was difficult to buy cryptocurrency, but this has changed in recent years. There are many crypto exchanges that now support crypto services to users, with some having a localized presence. And day by day new projects are created based on new applications like NFTs and Defi. Today I am going to discuss here an interesting project specially optimized for Defi Applications and NFTs.
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

Purpose of the Zenchain project

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. It started the beta phase of the project platform in April 2021 and I think it will complete the testing stages successfully soon .
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 volume of transactions. 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 gbi bridge solutions. In addition, the platform supports technologies such as ZenChain, CosmWasm, and EVM and complies with these agreements.
Zenchain's mission is to provide everyone (and in the future, machines and devices) with seamless access to decentralized finance (DeFi) with special non-fungible tokens (NFTs). . For that purpose, we are introducing ZenChain, a dedicated blockchain dedicated to decentralized finance (DeFi) specifically for non-fungible tokens (NFTs).

Why should we trust ZenChain?

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.
ZenChain allows running vanilla Ethereum as a blockchain dedicated to the Cosmos application. This allows developers to have all the desired features of Ethereum and, at the same time, benefit from Tendermint's PoS implementation.
Zen Chain is a Proof-of-Stake blockchain, so it has all the features of a blockchain. Besides, it has some advanced features and has been improved from some previous projects such as Web3 compatibility , High Throughput via Tendermint Core , Horizontal Scalability via Tendermint Core . IBC , and most especially the quick transaction closing feature. This makes it faster for customers to transact crypto via Zenchain and save more time. It is also this feature that makes customers increasingly trust in Zenchain. But the problem here is not what features it has, but how we activate these main features that is a matter of concern to many people. In this section I will guide you to enable its features. You must first implement Tendermint Core's ABCI application interface for blockchain management , followed by leveraging modules and other mechanisms implemented by the Cosmos SDK . Next we need to use geth as a library to avoid code reuse and improve maintainability. The fourth and final step is to expose a Web3 RPC layer that can interact with existing Ethereum applications and tools.
The sum of these features allows developers to leverage existing Ethereum ecosystem tools and software to seamlessly deploy smart contracts that interact with the rest of the Cosmos ecosystem.

The main problems that Blockchain is facing

Just like Bitcoin and Ethereum blockchains, Existing Blockchain Infrastructure also faces a number of key issues such as poor processing of value transfer. 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 reported by some customers. The problem 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 to trade quickly to compensate for low losses. caused by liquidity. Although the problem is recognized and the customer's feedback, but to overcome these situations is not easy and it takes a long time to be able to change gradually.

In order to solve the problems on Zenchain, there are several solutions:

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.

So how will NFTs in Zenchain Protocol be developed?

NFTs are tokens that ZenChain can use to represent ownership of unique items. They allow encryption of things like art, collectibles, even real estate. They can only have one official owner at a time, and they are secured by the Ethereum blockchain - no one can modify the ownership record or copy/paste an existing new NFT. NFT-Fi is a non-fungible token with distinct characteristics and is minted with a liquid supply for DEX or Lending systems. 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.

Token allocation
Token Name : ZEN
Public sale : 25.00% of the total token supply
Seed Sale : 6.00% of the total token supply
Private Sale : 15.00% of the total token supply
Team : 5.00% of the total token supply
Advisors : 2.00% of the total token supply
Ecosystem Development : 33.00% of the total token supply
Community Growth : 10.00% of the total token supply

Summary

When we look at the crypto world in general, many projects appear day in and day out as exhausted and dormant funds and continue their activities in ongoing projects. However, we can see that most of these projects are defi based or exposed as nft. Some of them try to continue their activities with a combination of both defi and nft. But, as a rule, most of them end in failure. Especially for those who face mixing, we face this more and more often. When we look at the current state of the crypto market at the moment, investors are tending to abandon projects and invest in such platforms seriously.
The special feature of ZenChain is full support for NFT and cross-chain Defi. ZenChain allows NFT holders to be more powerful with their NFT, just not collectible, users can put their NFT as collateral in lending and borrowing app and can borrow some replaceable token to use other defi strategy.
Overall, when we look at the market as a whole, we see that many emerging projects are anonymous, although we certainly do not recommend investing in anonymous projects, it is always helpful to know more function as person name. , activities, what they will do, where they come from. So even though your investments aren't junk, you'll know where you've invested your money, and you'll calmly know that your investments will pay off for you.

Important Links

Website: https://zenchain.co
Facebook: https://www.facebook.com/Zenchainofficial
Telegram Channel: https://t.me/Zenchainofficial
Twitter: https://twitter.com/zenchainco
Github: https://github.com/zenchainprotocol

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User write : Phituakia
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