Zenchain Protocol: Incorporation into a decentralized finance and non fungible tokens framework.
The last boundaries of the crypto-currency room are the non-fungible tokens (NFTs) and the Decentralized Finance (Defi). When conducting large-scale transactions, Cryptocurrency investors can use Defi to hide their identities. Transactions are faster here but are solely responsible for the security of the asset at the expense of the trader. On the other hand, Crypt Investors who are not so technologically knowledgeable can make their own custom tokens. Prominent individuals, athletes, carpenters and musicians may all have their own tokens to name a few. NFT tokens may display all images, audios, photos, ebooks, game objects and other objects. Any value can be tokenized by NFT. The infrastructure of the Zenchain Protocol is based seamlessly on these two forms of cryptocurrency.
Zenchain Protocol is a blockchain-based platform specially built for decentralised financial applications. With this strategy, Zenchain will provide its protocols with unequalled quick transfers, reduce the chance of error and also provide for the smart creation of features mainly for financial services. With Non-Fungible Tokens, the Zenchain Protocol offers a unique entrance to decentralised finances for Crypto Investors, machines and the Internet of Things applications.
Zenchain Protocol’s universal adaptation
Zenchain has the major defi applications integrated in the chain’s hearts in terms of decentralised finance. Intelligent contracts (including swaps, loans and insurance) are not used to code decentralised applications (Daps). As far as NFTs are concerned, Zenchain Protocol also includes all the applications related to NFTs such as mining, auction and trading. In Decentralized Financial Services, you can apply for a loan or participate in a liquidity mining pool, so you can obtain more tickets that are Zenchain exclusive.
I will split the problems into three separate classes of cryptocurrencies.
● Opportunities for investment are strictly limited
The advent of cryptocurrencies and decentralised finance has given the technology industry (Fintech) a fresh impetus. Investors wished for and bought as many digital assets at the initial exchange rates. The investors made a lot of money as the value of the assets was increasing. Investors have flown to cryptocurrencies and Defi for their speculative opportunities, but that has happened; efforts to lend peer-to-peer and tokenize assets have proven unsuccessful, and the mechanism has been abandoned. In comparison with Fiat currencies, there have been few investment opportunities in the genre.
● Wallet insecurity
Like any modern technology, decentralised finance carries its own risk set. Wallet farms are more and more and more investors are losing money. Token owners used hackers’ private keys using malware Domain Name Sever (DNS). Beloved wallets like Metamask are using web browsers to allow their carriers to access their property. Mnemonic phrases were quickly developed to combat this threat, which led to more than $130 million loss of funding for the genre of DEFI by the year 2020. Hackers got insane and began to create malicious intelligent contracts.
● Increased transaction fees
High transaction costs are caused when a blockchain network is congested. The mining companies give preference to transactions from investors who can afford to pay high gas fees. In exchange, this increases the total transaction volume of a blockchain network in a single case. Again, the Bull Run raises transaction fees for common currencies to absurdly high levels, impeding the blockchain network’s ability to provide a diverse range of transaction types.
SOLUTION TO THE CONTROVERSY
Here, we’ll look at five different options:
● Cross-chain solutions
For the purpose of implementing Defi and NFT solutions, Zenchain provides a chain-cross solution, Bridges Ethereum, Tron, Polkadot and Binance Smart Contract.
● Enhanced security
Zenchain provides improved online security to protect users from the heinous activities of online scammers.
● Implementation of non-fongible tokens is supported.
Zenchain-supported non-fungible token applications include minting, sale and rental of NFT, to name a few.
● Outstanding scalability
The scalability of Zenchain is very high in all Blockchain operations with tendermint power.
Zenchain Protocol Batch Execution
Cryptocurrencies have been investing an unprecedented amount of capital. Decentralized exchange orders are often executed hundreds or thousands or more per second, leading to delays in order. To solve this problem, Zenchain proposed the use of Batch Execution Methodology. This will result in transactions being handled in a batch fashion. In other words, several transactions are all transmitted at once. The batch auction was used on standard stock markets in order to tackle HFT (HFT). The fact that orders are collected in liquidity pools for a specific period of time is characterised for batch executions.
On the Zenchain Protocol, lending and borrowing are possible.
You can lend and borrow on-chain assets on Zenchain’s website. Loanable funds protocols aid in the speeding up of this operation. The Defi lending protocol is a loanable protocol that creates distributed ledger — based markets for loanable funds or crypto assets.
Importance of the Zenchain Protocol
To define the significance, the following seven categories are used:
● Relevant Default and NFT applications defining and developing
● A more robust, decentralised finance-specific blockchain.
● A forum to promote the rapid development of decentralised financial applications.
● The delights of realising that the Blockchain Zenchain Protocol is being used mostly by the foundation and core developers to provide decentralised finance.
● A more reliable and reliable administration,
● This is achieved by the eventual anchoring of the blockchain. Extremely immutable.
● The Zenchain Protocol platform for smart financial contracts has a smaller attack surface.
ICO (Initial Coin Offering) of Zenchain (IDO)
Zenchain’s IDO used PolksBridge and Yellow Path. The IDO was an enormous success. With the $210,000 raised, the team could achieve its soft market capitalization target. Further campaigns to raise funds will be revealed at the Zenchain Telegram party. Please enter to keep up to date with the latest details if you wish to participate in the next round.
Sales and Tokenomics
Below is clearly shown the token detail. The details you need can be obtained.
a route map
Q2 of 2021
The public Testnet V1 has been released.
The BIP-20 token has been released.
Blockchain Explorer is now available for download.
Bridges to Ethereum, Tron, and Binance SmartChain are being implemented on the testnet.
The Incentivized Staking Competition has been published, as well as a bridge.
NFT minting, auction, and rent application Internet of Things (IoT)
Dex Testnet is now available for download.
Lend and Borrow Testnet is now available for download.
Q3 of 2021
The first mainnet version is now available.
The token is changed to the native chain from BIP-20.
Testnet is being used for bridges to Polkadot.
There are bridges to the main network in different blockchain networks.
NFT mint, auction and rental application mainnet release
Bonuses for staking will be added.
Now it’s open to Dex Mainnet.
Mainnet Lend and Borrow can now be downloaded.
Liquidity mining incentives (Dex, Lending).
Cross-chain yield generation has started.
The choice and inference of people
Zenchain is based, and this is amazing, on decentralised finance and non-fongible token incorporation. I am also pleased to note that the core team will focus on providing unrivalled speed, improved security and mitigation of trader errors. It’s a beautiful project overall; get involved now!
For more information, you can check any of the links below:
Bitcointalk username : wizwiz7
BSC wallet Address: 0x5a81313668fe9591d226860bba79afc04919eb73