Early blockchain networks were only supposed to reach consensus upon re-storage, redundancy, and rampant re-execution of updated computations. It is this factor that has led to the need for a working platform that can eliminate any challenge to efficient computation.
The current need of blockchain computing is to create a network that guarantees scalability of any kind of computation. It should also be noted that the scalability of blockchain platforms and networks is part of the reason why more robust consensus solutions can be developed. The introduction of Zenchain Protocol assumes market needs and complies with the requirements of a fully scalable environment. Here are some features that make it one of the best blockchain networks you will ever come across.
What is the Zenchain protocol?
ZenChain is a dedicated blockchain specially optimized for DeFi and NFT applications. 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.
On a small side, the ZenChain Foundation is also developing a blockchain for decentralized financial applications and non-exchange tokens like NFT. For the purpose of introducing the future of the project. The creator works on the features of the blockchain system. Furthermore, ZenChain offers extended transaction throughput, reduces the risk of failure, and introduces special features dedicated to providing decentralized financial services.
Today financial markets can promote the well-being of society by allowing great ideas to become reality, but power in finance is centralized, most people don't have the power to decide. about what is funded and receive only a small portion of the profits from the projects.
The mechanism behind this is that ordinary people transfer control of their assets to banks and other financial intermediaries so that professional managers can work wisely with money in the market. Their logic is that they will earn a higher profit and therefore the account holder also benefits.
However, the result is keeping control and risk at the heart of the system. We know that bankers, experienced but can still make mistakes and may not see the risk in the market, as in the 2008 housing bubble. When they control all the money, the risk. accumulate at the center and endanger the entire system.
But with Zenchain Protocol, you can rest assured that you can have full control over your transactions and assets. Transparent information, reliable team.
Touching the psychology of big investors, Zenchain has integrated NFTs into its ecosystem with the desire to make Zenchain one of the largest projects in the world.
NFTs can use it as collateral in Defi to make a loan or staking in a pool to earn extra token …
Why use the Zenchain protocol?
DeFi has become a leader in finance-based
blockchain. However, from the investors' point of view, there are several key issues that the DeFi ecosystem has yet to solve:
+)Transactions take a long time to be confirmed
+)Transactions are extremely expensive at times of congestion
+)Low interoperability
+)Poor security
But you can rest assured when using ZenChain's excellent solutions that they will use Tendermint Power to create cross-chain Defi and NFTs solutions, moreover the project team incorporates a Proof-of-blockchain Stake is scalable, high throughput, fully compatible and interoperable with Ethereum. It is built using the Cosmos SDK running on the Tendermint Core consensus engine.
The Zenchain protocol allows running vanilla Ethereum as a blockchain specifically for 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. Also, because by using the federation curve and dPoS as the system, Zenchain Protocol ensures that security gets a lot of attention.
Diversification is a key focus of the Zenchain Protocol by providing risk and return on real-world assets, and these assets have real future cash flows and are therefore very valuable. Zenchain Protocol has the best engineers and financial experts on the team. And from the beginning they have built a good relationship with many companies like Cosmos v.v
Token ZEN
When this project was underway in the last few months and the team from the Zenchain project decided to update the development plan of this project and update the Zenchain tokenomics, for important information as below:
Token Name : ZEN
Token Type : BSC
Ticker: ZEN
Total Token Supply : 100,000,000 ZEN
TEAM
End
It is not surprising that Zenchain Protocol is a place where participants must have a good level of understanding and extends to entire large regions of the world.
However, as the main role of the current Zenchain Protocol will change the blockchain-based finance industry will likely play a larger role in the future of global economies. Diversity helps decision-making, and Zenchain could avoid a lot of consensus controversy if the current financial system were fairer and more open from the start.
For 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: Jangmi
https://bitcointalk.org/index.php?action=profile;u=2754224
0x4482181A20E1Df7b58F6b4db9Acd5011766BC80c
https://bitcointalk.org/index.php?topic=5336756.msg57030475#msg57030475
Yes, I think such projects are needed in the future!
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The project is aiming for an absolute solution that benefits investors
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An extensive program with great potential.
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a topic very relevant to modern society
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Thanks for this great article. All the best and we hope to see more of these great articles. I love it.
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I will update a lot of information about the project on this channel
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In my opinion you spoke very interestingly and in detail about this amazing project.
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Information worthy of attention.
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I want to wish that luck will always be with you, because with it you feel more confident and even happier.
So good luck in everything, everywhere and always!
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I also wish to be with you :)
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A very good, very original project.
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Things are evolving, although in a way I fear it. We are all in a flash
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The project is distinguished by its originality!
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I wish you luck in pushing your projects further!
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Thank you, The project is developing very well
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Information evaluation, but still some questions
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If you have any questions, you can ask me directly, I will answer all questions about the project
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Thanks for the interesting post!!!!!
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thank you very much
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