What Is Zenithchain? (ZENITH) Complete Guide Review About Zenithchain.

What Is Zenithchain? (ZENITH) Complete Guide Review About Zenithchain.

What is Zenithchain?

Zenithchain Coin is an innovative solution to bring programmability and interoperability.Using the Proof of Authority (POA) consensus that can support short block time and lower fees. The most bonded validator candidates of staking will become validators and produce blocks. The double-sign detection and other slashing logic guarantee security, stability, and chain finality.

Zenith Chain is a Hybrid innovative solution to bring programmability and interoperability. Zenith Chain relies on a system of 21 validators with Proof of Staked Authority (PoSA) consensus that can support short block time and lower fees. The most bonded validator candidates of staking will become validators and produce blocks.

The double-sign detection and other slashing logic guarantee security, stability, and chain finality. Zenith Chain also supports EVM-compatible smart contracts and protocols. Cross-chain transfer and other communication are possible due to native support of interoperability.

Zenithchain Coin Coin Storage Key Points

Coin BasicInformation
Coin NameZenithchain Coin
Short NameZENITH
Circulating Supply80,000,000.00 ZENITH
Total Supply120,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

How it works?

Zenithchain Coin Blockchain seems complicated, and it definitely can be, but its core concept is quite simple. A blockchain is a type of database. A database is a collection of information that is stored electronically on a computer system. Information, or data, in databases is typically structured in table format to allow for easier searching and filtering for specific information.

Spreadsheets are designed for one person, or a small group of people, to store and access limited amounts of information. In contrast, a database is designed to house significantly larger amounts of information that can be accessed, filtered, and manipulated quickly and easily by any number of users at once.

Features

Eth Compatibiltiy

Industry dominance, established tech stack, tools, languages, standards, enterprise adoption.

Scalability

Dedicated blockchains, scalable consensus algorithms, custom Wasm execution environments.

Security

Zenithchain Industry dominance, established tech stack, tools, languages, standards, enterprise adoption.

Sovereignty

Dedicated throughput/resources, fully customizable tech stack, sovereign governance.

User Experience

Comparable to Web2, “zero-gas” transactions, instant (deterministic) transaction finality.

No Developer Experience

Equivalent to Ethereum, no protocol level knowledge required, no token deposits, fees or permissions.

Modularity

High customizability, extensibility & upgradeability, short time-to-market, community collaboration.

Zenith Exchange

The next generation digital asset exchangeBuy, sell, and store bitcoin, ether, Zenith and other cryptocurrencies with Zenith Exchange, easily link with your Zenith pay account and make Cross border payments in any currency with the speed of light.Coming Soon.

Zenith Pay

Zenithchain Coin Instantly Receive bank account numbers in EUR, USD, GBP & more and get paid as easily as having a local bank account. Convert to Crypto on the app or use your Visa card anywhere visa is accepted worldwide.

Scalability Challenges

Scalability is another likely issue and a hurdle for many blockchain applications. For instance, let’s compare the largest centralized payments system i.e. Visa, and the largest crypto payments system i.e Bitcoin. If Visa can process 65,000 transactions per second, Bitcoin’s maximum speed is 7 transactions per second.

In the case of centralized architecture, it’s the controlling authority that decides the flow, it does not unnecessarily notify other peers about a transaction. This saves time and speed. In the case of blockchain architecture, the validation takes several minutes because a majority o nodes have to authorize the transaction.

System Reward Distribution

Zenithchain All traditional payment systems depend on a trust model that has a central authority providing a clearinghouse service, basically verifying and clearing all transactions. Zenith Coin has no central authority, yet somehow every full node has a complete copy of a public ledger that it can trust as the authoritative record.

The blockchain is not created by a central authority but is assembled independently by every node in the network. Somehow, every node in the network acting on information transmitted across insecure network connections can arrive at the same conclusion and assemble a copy of the same public ledger as everyone else. The blockchain protocol introduced a mechanism of making it expensive to copy digital values.

High Energy Consumption

Zenithchain Coin It is estimated that the mining of 1 bitcoin needs energy equivalent to 2 years consumption of a typical US household. It is also estimated that energy consumption for each bitcoin transaction is equivalent to 80,000X of energy consumption of a credit card processing. Energy Consumption remains one of the biggest issues with miners. The energy is mainly fed to keep the entire network alive all the time.