Current cryptocurrency technology:

I always thought that many people would agree with me that our modern society is on the threshold of a new revolution. A technical revolution, when familiar things and processes are done digitally.
Every day, more and more people are interested not only in cryptocurrency but also in using it in their business processes. After all, in recent years, blockchain technology has proven its superiority over the familiar business relationship systems and other methods of communication that have emerged in several business directions. . .

Blockchain technology has brought a lot of great changes to our society. Denial of technology has so far gradually evolved into a system that connects different industries in a decentralized manner.

It should be noted that the different potentials of blockchain networks could be further facilitated when the right networks exist. That's why the Zenchain Protocol project exists to change this Blockchain industry.

Why use the Zenchain protocol?

DeFi has become a leader in the field of finance based on
blockchain. However, from the perspective of investors, there are several key issues that the DeFi ecosystem has yet to solve:

1. Transactions take a long time to be confirmed
2. Transactions are extremely expensive at times of congestion
3. 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 which runs 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, slow mist, Beosin, Avrasya, etc.
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 lending app and can borrow some tokens The report can be substituted (ERC20, BEP20, TRC20…) to use another defi strategy.

NFTs are tokens that the project 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 a leveling up item in traditional games, with NFT your power in Defi will be upgraded and make you have some special benefits over others who don't have any Which NFT-fi. In other words, you can think of NFT-Fi like a loyalty card or coupon.

ZenChain is a Scalable, High Throughput Blockchain

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 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. 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.

Here are some key features of Zen Chain:
• Compatibility with Web3
• High throughput via Tendermint Core
• Horizontal scalability via IBC
• Finish the transaction quickly

ZenChain enables these key features through:
• Implement Tendermint Core's ABCI application interface for management blockchain
• Leverage modules and other mechanisms implemented by the Cosmos SDK
• Use geth as a library to avoid code reuse and improve maintainability.
• Expose a fully compatible Web3 RPC layer to interact with existing Ethereum applications and tools (Metamask, Remix, Truffle, etc.).

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.

Decentralized data entry feature

All blockchain platforms that operate and execute code reliably in smart contracts avoid the same centralization problems that arise when external data points need to be used. Many decentralized systems rely on being able to perform basic tasks and computations that require external data feeds such as asset prices, cross-chain communication, real-world events, and API interactions. external web.

Until decentralized applications can translate real-world external data inputs into simple function calls, there will be significant barriers to technology adoption and accessibility for developers to implement new applications. Current data delivery solutions for blockchain smart contracts either depend on critical central points of failure or suffer from asynchronous interactions, causing delays and complicating contract logic clever.

An oracle is a mechanism for importing off-chain data into a blockchain virtual machine so that it can be read by smart contracts. This includes, for example, the prices of off-chain assets, such as ETH/USD, or off-chain information needed to verify the results of prediction markets and is based on various Defi protocols. . Such data is not natively accessible on the string.

How to solve backlog issues through the ZenChain project, especially the “mass auction”

To solve the problems related to instruction execution, it is suggested to use the Batch execution-ology method. This follows a proposal outlined by (Pourpouneh, Nielsen and Ross 2020), known as a mass auction.
An alternative market solution is a DEX with discrete clearing rather than continuous clear settlement - the so-called bulk auction
Regular bulk auctions provide all buyers and sellers with the same trading opportunities by removing randomness from order processing speed. Instead of focusing on being first in line to trade at a certain price, buyers and sellers are allowed to submit multiple bids and have them all join at the same time.
double auction for a certain period of time. The Mass Auction was launched to address the leading problem caused by High Frequency Transactions (HFTs) on traditional financial exchanges (Budish et al. 2014). In crypto, mass auctions can solve a number of problems. The pre-run issue is resolved directly because all bids and requests are treated equally. Since each batch can include as many bids and requests as needed, performance limitations can be resolved over time.

In batch execution, orders are accumulated in a pool of liquidity over a predetermined period, which can be one or more blocks long.
Commands are then added to the pool and executed at the end of the batch.

In our model, there are two main features:
• Unexecuted orders from the batch that are still in the order book will be executed in the future batch
• Lot term may be changed to reflect market conditions.
For example, batch execution times can be extended when there is a significant price change due to high order volume. An extended lot period invites more traders to participate in price discovery, which leads to a more stable and balanced process. This is similar to the dynamic close or extended bidding model used in many online auction platforms.

Summary

ZenChain is a cryptocurrency and a decentralized digital payment solution for the world's adult population without limits. We see ZenChain as a viable alternative to cash and a rewarding option appealing to new users. The most important function of ZenChain is as a medium of exchange to facilitate digital transactions, especially as a borrowing and lending platform.
This is evident as everyone is currently buying ZenChain through the exchange, while others receive it as a salary payment and in exchange for products and services. Blockchain transparency ensures public accountability for all transactions as every coin can be traced to its creation.
ZenChain is a place to help promising projects reach their full potential by leveraging the investment power and buzzing potential of a community that is never influenced by any government. We believe that ZenChain will be the main medium of exchange in the coming years. Therefore, we came up with a solution to ensure mass adoption. We wish to bring freedom to the poor and for the unlimited population of the world to be able to send and receive payments to and from their loved ones quickly and efficiently

Official Resources :

Website: https://zenchain.co

Facebook: https://www.facebook.com/Zenchainofficial

Telegram Channel: https://t.me/Zenchainofficial

Telegram Group: https://t.me/zenchaingroup

Twitter: https://twitter.com/zenchainco

Medium: https://medium.com/zenchain-protocol

Github: https://github.com/zenchainprotocol

Litepaper: https://docs.zenchain.co/

Written By

Altcoinstalk Forum name:: wellfudge
BEP-20 Wallet Address: 0xDE9197633Cf35590ad54D4e5606097516f7b8Dd5

PoA Link: https://bitcointalk.org/index.php?topic=5336756.msg57019088#msg57019088