Zechain : A dedicated blockchain speacially made for DeFi and NFT

Ever since the origination of crypto it has attracted billions of investment, due to the fact that crypto is connected with alot of activities which is very beneficial to it's users, it has captured the interest of many people putting in their money , time and effort. Crypto activities like decentralized finance (DeFi) and non-fungible token (NFT) has been trending in the crypto space but when it comes to investment DeFi is lagging behind and on the other hand NFTs seems not valueable or useless to most people since it can't be swapped to some other currency. DeFi which has been very essential in the crypto space is facing some kind of issues which needs to be resolved for the smooth run of defi. Well I will be glad to introduce to you a platform which is specifically designed for defi and NFT. Zechain is a platform which was designed specifically for DeFi and NFTs making its activities run smoothly.
Read on and let's get know what Zechain is all about.

WHAT IS Zechain

Zechain is a dedicated blockchain that is optimized specifically for decentralized finance (DeFi) and non-fungible token (NFT) applications. ZenChain actually contains all core DeFi applications built in the core of the chain, not written by smart contracts like swap, lending, and insurance dapp. ZenChain also contains all applications supported for NFTs like mining, auctions, and trading. With ZenChain, your NFTs are very much useful because you can use it as collateral in Defi to make a loan or staking in a pool to earn extra token. This actually shows that with zechain are NFTs will be very much beneficial to us.
Talking about decentralized finance people are supposed to be in full control of thier finances but so bad the current system are far from providing financial systems that are truly under the control of people who use them. Zechain is standing out to bring a revolution to this, there are aiming on giving people seemless access to decentralized finance with non Fungible token.
Like i a said earlier there are problems in Defi which needs to be resolved, so I will be sharing with you guys the problems of DeFi and the solutions rendered by Zechain

PROBLEMS DeFi

Due to the rise of prices of cryptocurrencies and so many people using the blockchain, Ethereum has been facing some challenges and since 90% of DeFi project are based on Ethereum, ethereum challenges will be will be seen as DeFi challenges. Read through to see the challenges faced by this blockchain therefore affecting the smooth run of DeFi.

• Scalability: scalability can be seen as one the big problems with DeFi projects. The scalability of the host blockchain causes problems for the DeFi projects, the effects of this problem causes transactions to take a long time to be confirmed and also makes transaction being extremely expensive at times of congestion.
  Ethereum at full capacity can process about 13 transactions per second, while centralized counterparts can process thousands and thousands of transactions.

• Smart Contract Problems: Smart contract vulnerability is a major source of issues for many DeFi projects. If there is a slightest flaw in the code of a smart contract, it can lead to loss of funds.

• Low Interoperability: There are different types of blockchains such as Bitcoin, Ethereum, Binance Smart Chain, each with its DeFi ecosystem and community. Interoperability enables DeFi platforms, tools, DApps, and smart contracts on different blockchains to interact with each other. Until this becomes simpler, many projects are siloed.

• Lack of Insurance : Insurance protects investors in the event of hacks or other fraudulent activities. Insurance plays a very important role in centralized finance while it is much rarer in DeFi.

Solutions rendered by Zechain

ZenChain gives some solution to resolve this problems:

• Scalable, high-throughput Blockchain with Tendermint Power
• Bridge from Etherum, Tron, Binance smart chain make cross-chain Defi and NFTs solutions.
• Decentralized pricing oracles built-in
• DeFi primitives built-in: Dex, Lending & Borrowing, token IDO, insurance.
• Non-fungible Token applications like a mint, auction, rent NFTs
• NFTs X DEFI: bring the power of NFTs to Defi ecosystem and Defi to NFTs.

I am sure by now you must have gotten to see the importance of zechain to decentralized finance and non-fungible token, well I think that's not all, zechain has a native token which got good potentials, no doubt in due time this token will skyrocjet because it got back up from the project which is already a rare gem.

Token details

Token name : Zen
Token type : BEP20 & ERC20
Total supply : 100 000 000
Initial market cap : $360 000

CONCLUSION

Zechain was designed for both decentralized finance and non-fungible token, to aid the smooth run of this two activities, zechain will also give people full access to decentralized finance with non Fungible token, and the sweetest part is this project will help in solving most problems we face in decentralized finance.
For more information about this great project follow these useful links below 👇👇👇

Website : http://www.zenchain.co/
Twitter : https://twitter.com/zenchainco
Facebook : https://www.facebook.com/Zenchainofficial
Telegram : https://t.me/zenchaingroup
Medium : https://medium.com/zenchain-protocol
Litepaper: https://docs.zenchain.co/

Author details
Bitcointalk Username : Emmychris
Link to profile: https://bitcointalk.org/index.php?action=profile;u=2825273;sa=summary
Link to profile of authentication : https://bitcointalk.org/index.php?topic=5336756.msg57055694#msg57055694
BEP-20 Wallet Address : 0xc36BE80721595EC2f162E32d5810a1093E8D289d