Zenchain: DeFi and NFT-specific blockchain
Introduce
ZenChain Protocol is a blockchain for DEFI and NFT applications. The project sets itself ambitious goals that can change a lot. Therefore, it is important to understand in more detail what this project is, what goals it sets and features that will directly affect its development.
WHAT IS Zenchain ?
Zenchain is a dedicated blockchain that’s optimized specifically for decentralized finance and non-fungible token applications. ZenChain actually contains all core DeFi applications inbuilt the core of the chain, not written by smart contracts like swap, lending, and insurance dapp. ZenChain also contains all applications supported for NFTs like mining, auctions, and trading. With ZenChain, your NFTs are considerably useful because you’ll use it as collateral in Defi to form a loan or staking during a pool to earn extra token. This actually shows that with zechain are NFTs are going to be considerably beneficial to us.
Talking about decentralized finance people are alleged to be fully control of thier finances but so bad the present system are faraway from providing financial systems that are truly under the control of individuals who use them. Zenchain is standing bent bring a revolution to the present , there are aiming on giving people seemless access to decentralized finance with non Fungible token. Like i a said earlier there are problems in Defi which must be resolved, so i will be able to be sharing with you guys the issues of DeFi and therefore the solutions rendered by Zenchain .
Why is ZenChain Protocol considered one of the most promising?
Looking at the tools and solutions currently available in the DEFI and NFT decentralized financial markets, one can get the feeling that everything has been done and done for a long time. But, here it is important to ask a completely familiar question: who provides complete decentralization and security for users? In most cases, only the illusion is created, in reality there are controls, limitations and other factors.
The ZenChain protocol seriously stands out from the mainstream. There is one simple principle that this platform adheres to: everyone must take control of their own finances. This seems obvious. But, it is in ZenChain Protocol that everything is perfected.
Features of the project
Among the key features of the ZenChain Protocol project that directly affect its development are:
- Special attention is always paid to usability. In this segment, newcomers appear who constantly ask questions and simply do not understand how everything works. Therefore, special attention was paid to the user-friendly interface in this platform so that ordinary people could quickly understand all the functions presented.
- Convenient platform configuration. For example, everyone can choose the financial products and services they need. Thanks to the flexible adjustment, the comfort of use increases significantly.
- Over time, a mobile application will be available. Right now it is in the active design stage.
- Third parties will not have access to users’ finances. And this is important for all people who want to control their savings while maintaining full confidence in all ongoing processes.
The decentralized finance market has changed a lot. And if earlier most projects did not even pay attention to commissions, now everything has changed. For example, it is too expensive to operate on the Ethereum network. Although, there will be certain updates in a few months, which should completely correct the situation.
The project developers made a completely rational decision because the Ethereum network and BSC were used here. This already indicates that the project uses proven technologies, creating conditions for fast and inexpensive processing of all transactions. Therefore, using ZenChain Protocol will be easy and comfortable for everyone.
Milestones
2021 Q2
Release of public Testnet V1.
Launch of BIP-20 token.
Release blockchain explorer
Implementation of bridges to Ethereum, Tron, Binance SmartChain on Testnet
Release of Incentivized Staking Competition and bridge.
Release NFT mint, auction, rent application Testnet
Release Dex Testnet
Release Lend and borrow Testnet
2021 Q3
Launch of Mainnet V1.
Swapping of the token, from BIP-20 to native chain.
Implementation of bridges to Polkadot on Testnet
Implementation of bridges to multiple blockchain networks main net
Release NFT mint, auction, rent application Mainnet
Adding staking incentives.
2021 Q4
Release Dex Mainnet
Release Lend and borrow Mainnet
Adding liquidity mining (Dex, Lending) incentives.
2022 Q1
Launch of cross-chain yield generation.
Conclusion
The ZenChain protocol is quite simple: there is a unique idea and tools that are lacking in this segment. At the same time, the developers of ZenChain Protocol are still in the development stage. Over time, even more, different services and tools will emerge to work comfortably. And all this is direct and indicates possible prospects for the development of this project. Zechain is designed for both decentralized finance and non-fungible tokens, in order to support the smooth operation of these two, Zenchain will also provide everyone with full access to decentralized finance. centralized with a non-Fungible token and the best part is that this project will help solve most of the problems we face in decentralized finance.
The infomation channel :
Website : http://www.zenchain.co/
Twitter : https://twitter.com/zenchainco
Facebook : https://www.facebook.com/Zenchainofficial
Telegram : https://t.me/zenchaingroup
Medium : https://medium.com/zenchain-protocol
Litepaper: https://docs.zenchain.co/
Author
Bitcointalk Username : RobertoMills1
Link to profile: https://bitcointalk.org/index.php?action=profile;u=2602386
BEP-20 Wallet Address: 0x882C2337c2AB8a6f852Aeca1B78C4635b8A504CC
