ZenChain Protocol - dedicated project for Defi and NFT

in #protocol3 years ago

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In today's society, inflation can happen at any time. A lot of people are panicking and more and more people are looking to invest in some stablecoin. Therefore, to meet the needs of people, more and more cryptocurrencies are born with smart features that bring many benefits to users. If you are one of the participants in the cryptocurrency market then you probably know that ZenChain is a recently launched project and it is an optimized dedicated blockchain, created especially for the DeFi and NFT apps. NFT-Fi is a token that ZenChain can use to represent ownership of unique items. 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. You can imagine that this is a level up item or pear in traditional games, with NFT your power in Defi will be upgraded and give you some special benefits over others no 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, identifying strategies that have turned people into millionaires in the Defi space, and using Defi to create NFT-Fi. And for a deeper understanding of this, let's dive into the main parts of it

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Why should we trust ZenChain? What main features does it have?


ZenChain is a Proof-of-Stake blockchain, so it has all the features of a blockchain. Besides, it has some advanced and improved features from some previous projects such as Web3 compatibility, High Throughput via Tendermint Core, Horizontal Scalability via IBC, and most especially is the feature to close trades quickly. This helps customers to transact crypto via Zenchain faster 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 enable these main features is a matter of interest to many people. In this section I will guide you to enable its features. You must first implement Tendermint Core ABCI application interface for blockchain management, followed by leveraging modules and other mechanisms implemented by the Cosmos SDK. As a next step, 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.

Over the years, the cryptocurrency market has grown like a storm, it is
constantly evolving and changing to be able to fully meet people needs. In order to optimize the use rights and benefits of users, DeFi and NFT have officially cooperated, and the Zenchain project is a proof-of-concept dedicated blockchain and the first product of the combination. between DeFi and NFT. 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 gbi bridge solutions. In addition, the platform supports technologies such as ZenChain, CosmWasm, and EVM and
complies with these agreements. Among the platform most important energy sources are the binance, polkadot, tron, and cosmos.
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.

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ZenChain allows for running vanilla Ethereum as a Cosmos application-specific blockchain. This allows developers to have all the desired features of Ethereum, while at the same time, benefit from Tendermint’s PoS implementation. 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 ecosystem tooling and software to seamlessly 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 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 prime example of 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, 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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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

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 generat

IDO token ZEN

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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 project community.
The platform allows crypto projects to raise capital by setting up a swap pool based on a fixed rate of token purchase. This so-called “Fixed Swap Pool” has many advantages for investors selling tokens compared to traditional fundraising models like ICOs, IEOs, and IDOs (Initial DEX Offerings). The fixed swap pool will maintain the token price throughout the sale until the initial supply is purchased.
With ZenChain Token IDO, decentralized projects will be able to raise and exchange capital cheaply and quickly. Users will be able to participate in a secure and compliant environment and use assets far beyond the current ERC20 standard.

Token Name: ZEN
• Token Type: BEP20 & ERC20
• Token name: TBA
• Total Token Supply: 100,000,000 ZEN
• Initial Round Supply:2,500,000 ZEN
• Initial Market Cap:TBA
• Unsold / Unused Tokens: Burn

TEAM

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PARTNER

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In brief


Zenchain mission is to provide everyone (and in the future, machines and devices) with seamless access to decentralized finance (DeFi) with special non- fungible tokens. (NFT). For that purpose, we are introducing ZenChain, a dedicated blockchain dedicated to decentralized finance (DeFi) specifically for non-fungible tokens (NFTs). As expected, Zenchain Protocol will expand its scope of operations beyond the world. I believe that with its potential, transparency, security as well as its strengths, Zenchain will have a strong foothold in the crypto world.

► For more details, please visit the link below :
Web: 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
►Author :
Forum Username: Hidemail
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2805354
Forum Poof Link : https://bitcointalk.org/index.php?topic=5336756.msg57037075#msg57037075
BEP-20 Wallet Address: 0x2FC48a6E304B7B5f229c094167dd41F5b1660f42

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For general development, it is necessary to study this topic. I'd love to create my own token and try to list it on an exchange, but it's not so easy for me.

A good project, you can try it for beginners.

Honestly, I didn't know anything about Zenchain before. It is attractive.

An interesting combination for those just starting to master the unusual world of cryptocurrencies.

NFT and Defi a perfect combination

they seriously approach the creation of this platform, at first glance it seems to me some kind of exaggeration. And they have been on the market for a long time. And they poured a lot of money into their platform

Good work and the project team is fine, check those docs

I don't really like crypto, but I love the site! I will definitely go.

From your last reviews, this project is probably the best of them all!

They have proven themselves to be a very interesting project in the market. Really made for people and not for fundraising!

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