Zen Protocol

Zen Protocol

Created using Figma
Created using Figma
Zen is a decentralized financial platform, built from scratch with the goal of providing people with a secure, scalable and useful infrastructure for creating their own financial instruments, and trading them directly without intermediaries. The Zen blockchain is secured by multiple proof-of-work algorithms, with token-holder voting on the balance between them. Multi-hash mining creates robust incentives for miners to deliver efficient, reliable security. Zen smart contracts are written and secured by a subset of the F* functional programming language, allowing users to: A) Prove the amount of resources a contract will consume and provide the necessary fees for running the contract to miners, removing the need for a “gas” based system. B) Prove their contracts meet a given specification, meaning they can prove the contract will definitely do (or not do) something given a specific set of parameters. The Zen platform comes with a built-in solution for oracles, which provide contracts with useful real world data. Finally, Zen is integrated with the Bitcoin blockchain, allowing contracts to observe and respond to native bitcoin transactions
Risk: Very High
Nov 30, 2017
Dec 30, 2017
100% completed
$46 790 688
100% goal completed
past
Company Details
Registered Country
Israel
Additional Details
Categories
Platform, Business services

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

  • Q3 2016

  • IDEA IS FORMALIZED Adam, Nathan, Ronen, Sharon, and Ash come together. The idea of a UTXO based bounded computation language is formalized.
  • Q4 2016

  • 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.
  • Q1 2017

  • COST MODEL COMPLETED Start working on an elaborator. Start developing libraries.
  • Q2 2017

  • SMART CONTRACTS AND ORACLE IN C# Continue developing libraries, begin developing contracts. Integration of ZF*.
  • Read More
  • Q3 2017

  • REFACTORING Developing contracts. Testing ZF* builds. Evaluate cost using dependent types and an exported cost function.
  • Q4 2017

  • 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
  • Q1 2018

  • 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.
  • Q2 2018

  • 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
  • Q3 2018

  • 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.

Activity

Activity:
5
VERY LOW
Posts:
51
VERY LOW
Views:
3 997
LOW
Posts:
111
MEDIUM
Followers:
6 480
HIGH
Likes:
6 364
HIGH
Followers:
2 738
MEDIUM
Tweets:
234
MEDIUM
Members:
4 959
MEDIUM
Alexa
Rank:
1 173 115
VERY LOW
Delta:
28 972
Year commits:
7 566
Watchers:
89
Stars:
86
Forks:
43
Open issues:
20

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Adam Perlow
CEO
unverified
Nathan Cook
CTO
unverified
Asher Manning
Formal Verification Developer
unverified
Sharon Urban
Blockchain Developer
unverified
Doron Somech
.Net Hacker
unverified
Elan Perach
Head of Product
unverified
Eleanor Milstein
Art Director
unverified

Last News

$ 0.2668
-0.93%
Coin Stats
Daily, %:
-0.93%
Weekly, %:
-9.09%
Monthly, %:
-42.74%
Market Info
Market Cap:
$ 5.900 M
Volume 24h:
Circ. Supply:
22.098 M ZP
Ticker:
ZP
2.40
negative
5.0 20
ICO Profile Vision Activity Potential Product Team
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