ZenChain is a dedicated blockchain specialy optimized for DeFi and NFT applications. And especially, with ZenChain, your NFT can use it as colateral in Defi to make a loan or bet on a pool to earn more tokens…
Zenchain mission is to provide everyone (and in the future, machines and devices) with seamless acess to decentralized finance (DeFi) with special non- fungible tokens (NFTs). . For that purpose, we are introducing ZenChain, a dedicated blockchain dedicateds to decentralized finance (DeFi) specificaly for non-fungible tokens (NFTs).
As mentioned at the beginning, many companies are having difficulty in trading as well as many other problem, including the big ones like ethereum, which are high transactions fees and congestion in transactions. Smart contract vulneerabilities are a major cause of problems for many DeFi project. If there is the slightest mistake in the smart contract code, it can lead to loss of money. Insurance protects investtors in the event of hacking or other fraudulent activities. Insurance plays a very important role in centrallized finance while it is rarer in DeFi.
Among the most important energy sources of the foundation are the binance, palkadot, tron and cosmos inteligent chains. In adition, 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 successfuly soon.
The goal of the Zenchain Protocol project is to create a platform that aims to accelerate their activities by separating the function on the blockchain into both defi and nft, while generating a large volume of transactions. There will be a blockchain that will be specialy optimized on the platform and the platform will appear using a biological smarts chain. Cross-chain logic would be one of these
important characteristics. Following this cross chain logic, ethereum, binance smartchains and tron etc. to provide and support bridging soluttions. In addition, the platform supports technologies such as ZenChain, Cosmos, and EVM and complies with these agreements.
Zenchain's missions is to provide everyone (and in the future, machines and devices) with seamless acess to decentralized finance (DeFi) with special non-fungible tokens. (NFT). . For that purpose, we are introduccing ZenChain, a dedicated blockchain dedicated to decentralized finance (DeFi) specifically for non-fungible tokens (NFTs).
Using NFT as Defi
Collateral ZenChain features full NFT and Defi cross-chain support. ZenChain allows NFT holders to be more powerful with their NFTs simply not collectable, users can use their NFTs as collateral in the lending and borrowing application and can borrow some replaceable tokens (ERC20, BEP20, TRC20 ...) to use a different defi strategy. The NFT price is determined by the auction system. This means that only users and NFTs using the ZenChain auction system can use their NFTs as collateral. ZenChain allows users to borrow up to 50% of the top coins.
Using Defi to Mint NFT-Fi
NFT-Fi is a non - fungible token with special characteristics that is created by liquidity for DEX or credit systems. Think of it as a pear or level-up element in traditional games, with NFT your Defi strength will be enhanced and give you some special advantages over others that don't have NFT-Which fi. In other words, you can think of NFT-Fi as a loyalty card or coupon.
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 Tendermints 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 interoperablle with Ethereum. It is built ussing 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 impplementation. Also, because by using the federation curve and dPoS as the system, Zenchain Protocol ensures that securitty gets a lot of attention.
Diversification is a key focus of the Zenchain Protocol by providding risk and return on real-world assets, and these assets have real futture cash flows and are therefore very valuable. Zenchain Protocol has the best engineer and financial experts on the team. And from the beginning they have built a good relationship with many companies like Cosmos v.v
ZenChain allows for running vanilla Ethereum as a Cosmos aplication-specific blockchain. This allows developers to have all the desired feature of Ethereum, while at the same time, benefit from Tendermint’s PoS implementations. 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).
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 eccosystem tooling and software to seamlesly deploy smart contracts which interact with the rest of the Cosmos ecosystem.
Another big problem with DeFi projects is the scalability of the server blockchain. Two main problems arise from the scalability issue:
- Transactions take a long time to be confirmed
- Transactions are extremely expensive at times of congestion
In order to solve the problems on Zenchain, there are several solutions:
When there are problem to be solved, we have to come up with suitable solutions to solve them. One of the fastest soluttions is innovation. And the ZenChain protocol is a prime example of innovation. Zenchain focuses on advanced cryptocurencies 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 swaping between tokens from diferent chains. More than that, protocol ZenChain processes high number of transactions per second through Tendermint electric technology, increasing the scalability of Blockchain. An important Blockchain solution is the creations 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.
Benefits of ZenChain
- Development of key applications for the DEFI and NFTs.
- High throughput for all transactions
- Safer, more secure blockchain specifically for decentralized finance.
- The rapid development of dApps for decentralized finance.
- Peace of mind that the blockchain is not used for any types of non-financial dApps, thus decisions of Foundation and core developers are focused 100% on decentralized financial use-cases and nothing else.
- The rapid development of dApps with dedicated calls specifically for finance applications.
- The minimal attack surface of financial smart contracts developed on the platform.
- Reliable governance
- Highly immutable – by periodic anchoring to the blockchain
ZenChain Token IDO is a decentralized incubator that helps promising projects reach their full potential by leveraging the investment powers and buzzing potential of the comunity.
ZenChain aspires to democratize access to investment opportunities that were previously only available to skiled investors and venture funds, opening a closed eccosystem of phased crypto project investments. head for everyone.
- Token Name : ZEN
- Token Type : BSC
- Ticker: ZEN
- Total Token Supply : 100,000,000 ZEN
ZenChain Provides you high throughput for all transactions and it is a safer, more secure blockchain specificaly for decentralized finances. The rapid development of dApps for decentralized finance is another reason to choose it. Peace of mind that the blockchain is not used for any types of non-financial dApps, thus the decisions of Foundattion and core developers are focused 100% on deccentralized financial use-cases and nothing else. Think twice before choosing any other project except ZenChain.
More Information ZenChain
Website :http://www.zenchain.co/
Medium :https://medium.com/zenchain-protocol
Twitter :https://twitter.com/zenchainco
Litepaper: https://docs.zenchain.co/
Telegram: https://t.me/zenchaingroup
Facebook : https://www.facebook.com/Zenchainofficial
Author : Gozila
ETH : 0x948c0D91F515575d1fb04907F5adEC922C2cf494