What Is Zenon (ZNN)?

What Is Zenon (ZNN)? Complete Guide Review About Zenon.

What Is Zenon (ZNN)?

Designed for scalability and enabling massively concurrent transactional throughput while preserving decentralization. A programmable cryptocurrency that enables tokenization of value and zApps development. A dual-ledger system secured by state-of-the-art cryptography based on a decentralized p2p network with distributed topology. Zenon computing has been getting increasing worldwide attention. Certainly the largest cryptographers are riveted on quantum computing progress.

The Post-Quantum Cryptography sector is now engaged at NIST, sifting through dozens of algorithms and protocols, in search of an industry standard. Zenon expect this standard will take more than the coming year to resolve. While a functional quantum computer is still somewhat indefinite in its delivery date, they are now making plans. PQC is also developing its own specifics. Any future-proof architecture must work equally well with both classical cryptography and post-quantum cryptography.

Zenon Storage Key Points

Coin BasicInformation
Coin NameZenon
Short NameZNN
Circulating Supply6,330,750.42 ZNN
Total Supply7,102,886
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

Mission

Zenon is a cryptocurrency based on a decentralized network that aims to create next-generation tools powering the digital ecosystem of the future. A works in synergy with Quasar powering Network of Momentum. ZNN is used as locked collateral to spawn Pillars, Sentinels and staking. It is also used to delegate to Pillars in order to increase their weight and increase their rank in the network. One more step towards decentralization is being taken by providing experimental support for the wrapped ZNN (wZNN) via the BNB Chain 2-way Bridge. Discover and fix bugs in Alphanet, SDKs, wallets, and other open-source repos and get rewarded & recognized for your help.

Quasar

Quasar is used to create Pillars & Sentinels Slots and as an alternative method to generate Plasma beyond proof-of-work, which is required for a higher transactional throughput. Wrapped ZNN, powered by the BNB Chain experimental bridge is opening a new gateway for the Zenon ecosystem. Experiment with Alphanet Actors during the Alpha net live and open for everyone to join. Be part of Network of Momentum’s Phase 0. Provides a new, flexible and secure way for both developers & users to issue and manage tokens. Native and interoperable at the protocol level, token transactions are fee less, unlocking a new dimension of possibilities.

Delegator

Support Pillars that are actively growing the ecosystem by increasing their rank and get in return a share of their rewards. Full nodes acting as active observers of network operations. Each newly deployed Sentinel requires a Sentinel Slot obtained by locking a fixed amount of QSR. The technological limit of the size of the transistor of modern CPUs is very close. According to various estimates, in the period from 2021 to 2025, Zenon will not be able to reduce the size of the silicon chip as it will be limited by the size of the atom.

Therefore, an infrastructure protocol that wants to be future-proof will be efficient and scalable across a network. It is about maximizing usage of available computing resources and interconnecting these resources in effective networks. Understandably, we maximize performance by building code as close to hardware as feasible using plain C and low-level hardware optimization.

Pillar

The backbone of Network of Momentum, Pillars participate both in the consensus protocol by validating transactions & the state of the dual-ledger and in the governance framework. Each newly deployed Pillar requires a Pillar Slot that can be obtained by burning a linearly increasing amount of QSR. Everyone will easily swap their funds to Zenon by using the Syrius wallet, the command-line tool, or build tools using open source SDKs. Starting with Alphanet Launch, there will be a total of 10 Swap Cycles spanning over a period of 12 months. The Swap Decay mechanism will decrease the number of funds that can be swapped with each passing cycle until the swap window is closed.

Zenon was born as a response to the challenges they have described, leveraging design goals they believe will squarely address your coming future. Low-level architecture. In order to maximize the efficiency of the protocol, it must be built in such a language so that it can speak without kernels with the kernels of any operating systems and be efficient in working with both mainframes and smart refrigerators. This is why is built entirely on C with no third party code.