Zenchain Protocol

 

OVERVIEW

ZENCHAIN is a special blockchain specially optimized for DeFi and NFT applications. zenChan does contain all the core DeFi applications built at the core of the chain, not written by smart contracts such as swaps, loans and insurance dapps. zenChain also contains all supported applications for NFTs such as printing, auctions and trading. and especially, with ZenChain, NFT you can use it as collateral in Defi to lend or stake in the pool to get extra tokens...

PROBLEM

we need to be clear about what DeFi is. DeFi, in its ideal form, boasts four properties.

FIRST, non-custodial financial services allow participants to exercise full control of their funds at any time.

SECOND, unlicensed DeFi allows anyone to interact with financial services without being able to censor or block their access by third parties.

THIRD, DeFi can be openly audited, which means that anyone can audit protocol status - for example, that they are fully secured.

FOURTH, financial services can be arbitrarily structured so that new financial products and services can be made similar to how one might imagine a new Lego model based on some basic building blocks.

In conclusion, since more than 90% of DeFi projects are based on the Ethereum blockchain, we will consider the challenges for the Ethereum challenges as DeFi challenges:

🔸SCALABILITY
Another big issue with the DeFi project is the scalability of the host blockchain. two main problems arise from scalability issues:

• It's been a long time to confirm

• Transactions are very expensive in times of congestion

Ethereum at full capacity can process around 13 transactions per second, while its centralized partners can process thousands and thousands of transactions.

🔸SMART CONTRACT ISSUES
Smart contract vulnerabilities are a major source of trouble for many DeFi projects. if there is even a slight deficiency in the smart contract code, it could result in loss of funds.

🔸LOW INTEROPERABILITY
Interoperability allows DeFi platforms, tools, DApps, and smart contracts on various blockchains to interact with each other. until it becomes simpler, many projects have been silenced.

🔸LACK OF INSURANCE
Insurance protects investors in case of hacking or other fraudulent activity. insurance plays a very important role in centralized finance while it is much less common on DeFi.

ZENCHAIN SOLUTION

ZENCHAIN provides several solutions to solve this problem:

• High-throughput, scalable blockchain with Tendermint Power

• Bridges from Etherum, Tron, Binance's smart chain create cross-chain Defi and NFT solutions.

• Oracle's built-in decentralized pricing

• Built-in primitive DeFi: Dex, Borrow & Borrow, IDO token, insurance.

• Non-exchangeable Token applications such as mint, auction, NFT rental

• NFTs X DEFI: brings the power of NFT to the Defi ecosystem and Defi to the NFT.
  
  THE INITIAL DEFI SET OF PRIMITIVES INCLUDED:

• DECENTRALIZED EXCHANGE

• STABLE COINS

• LOAN

• COVERAGE

• COLLECTION OF IDO TOKENS

BENEFITS OF ZENCHAIN

Major application development for DEFI and NFT.
High throughput for all transactions
A more secure and secure blockchain specifically for decentralized finance.
rapid development of dApps for decentralized finance.
peace of mind that blockchain is not used for any type of non-financial dApps, so the Foundation and core developer decisions are 100% focused on decentralized financial use cases and nothing else.
rapid development of dApps with a special call for financial applications.
minimal surface of a financial smart contract that will always be developed.
Reliable governance
Very irreversible - with periodic tethering to the blockchain.

REJECTION

This document does not constitute or imply a prospectus of any kind. none of the words contained herein should be construed as an invitation to invest. accordingly, this whitepaper in no way deals with the offering of securities in any jurisdiction around the world. instead, this whitepaper is a technical description of Cake's product functionality and Zen development and distribution

For more information about ZENCHAIN, click the link below

OFFICIAL LINK
WEBSITE:http://www.zenchain.co/

TWITTER:https://twitter.com/zenchainco

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

TELEGRAM GROUP:https://t.me/zenchaingroup

TELEGRAM CHANNELS:https://t.me/Zenchainofficial

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

GITHUB:https://github.com/zenchainprotocol

Name:Bayanganhitam

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