Zen Protocol
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MarketPairPriceVolume 24H24H (price)24H (volume)
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Bilaxy
ZP/ETH 19 days ago$ 0.0305$ 226.17-1.72%-21.81% -
Bilaxy
ZP/BTC one year ago$ 0.0565$ 36.87--
About Zen Protocol
With backgrounds ranging from finance to design to mathematics, we’re a team united by our drive to create tools to help people take part in the decentralized era of money and finance.
We’re developing Zen Protocol to make that happen.
Features
- Bitcoin integration. Zen Protocol watches the Bitcoin network. Anything that happens in the Bitcoin blockchain can trigger contracts on the Zen blockchain. Zen can act as a sidechain to Bitcoin, using a federated peg, collateral deposit, or, in the future, mechanisms like Drivechain. Zen Protocol uses the full Bitcoin consensus, storing a record of the valid Bitcoin chain with most proof of work.
- Multi Hash Mining. Multi Hash Mining is a new way of using many hash functions in Proof of Work mining. Each hash function gets its own difficulty, which adjusts over time to target a hash function ratio. The different hash functions don't have to be used in a set order: if too many blocks are mined using a function then its difficulty increases. Holders of the Zen Native Token can vote to say what the ratio should be. This creates matching incentives for miners and users of the Zen Protocol.
- Oracles. Our oracle solution is fast, efficient, and profitable for oracle operators. Oracles can commit to gigabytes of data in a single, 200-byte transaction. Oracle users then pay the oracle operator for each individual piece of data they want to use. The only data which gets written to the blockchain are those which users pay for.
- Native token use and issuance. Zen's native token is used to activate contracts. Contracts are pay-per-block, meaning they don't use network resources that they don't pay for. The token is also used to vote on what mix of hash functions should be used in Zen Protocol's PoW.
Zen Protocol Roadmap
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Q3 2016
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IDEA IS FORMALIZED Adam, Nathan, Ronen, Sharon, and Ash come together. The idea of a UTXO based bounded computation language is formalized.
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Q4 2016
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TECHNOLOGY STACK IS CHOSEN Work begins. Started to work on how we do a cost model for contracts. We choose F* and start work on the contract language. Nathan presents Zen for the first time at the china-israel innovation summit.
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Q1 2017
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COST MODEL COMPLETED Start working on an elaborator. Start developing libraries.
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Q2 2017
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SMART CONTRACTS AND ORACLE IN C# Continue developing libraries, begin developing contracts. Integration of ZF*.
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Q3 2017
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REFACTORING Developing contracts. Testing ZF* builds. Evaluate cost using dependent types and an exported cost function.
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Q4 2017
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TESTNET Implementation of: Decentralized multi token UTXO blockchain. Smart contracts with: Formal verification Computational Boundaries Compiled execution Active Contract Set GTK GUI and contract editor Headless client with a terminal user interface Contract explorer Template contract generator Oracle system Electron Crowdsale wallet Token sale
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Q1 2018
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RELEASE CANDIDATE We will take our current testnet and enhance its robustness: Refactoring Bitcoin Integration Improve the UX/UI experience: Insert the demo site to the wallet. Create a domain name system and a customized distributed hash table to assist in network.
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Q2 2018
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GENESIS BLOCK Multi hash mining Voting system Non outsourceable proofs + smart contract to assist miner variance. Difficulty discounts? Robust APIs and SDKs Project documentation Work with implementing the use cases of our strategic partners
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Q3 2018
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ECOSYSTEM BUILDING Implementation of multiple use cases and a high speed decentralized exchange Market research Hardware wallet integration Wallet overhaul: We want a multi seed cross platform experience The basis is a USB-C open dime style hardware wallet which can be inserted to a phone or computer. Mobile wallets Cross platform native clients Web wallet Additional template contracts Build a community of open source developers.
Zen Protocol Team
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
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