Zenon (ZNN)

What is Zenon?

The Zenon Network (ZNN) project was founded and launched in March 2019 and quickly attracted the attention of cryptocurrency investors. It is a new generation of projects with an architecture designed to overcome the limitations of current blockchain-based cryptocurrencies or DAGs.

This process is accomplished by providing an efficient reliable layer for transferring value and data globally. Besides, Zenon is also based on a new and secure sharding protocol for permission-less public data ledger called Network of Momentum.

What is Network of Momentum?

Network of Momentum is a network that gives you the tools to develop and manage your own decentralized world. This network welcomes any developer, creator or entrepreneur who wishes to monetize their intellectual resources. Similarly, investors can provide capital or computing power for rewards on the Network of Momentum.

What problems does Zenon Network solve?

Zenon Network aims to solve the current network congestion problem that a lot of blockchain projects are facing. As they once said in one of their tweets: “Before adopting innovative technologies, projects should ensure that they have a solid network foundation to start with.”

Objects will benefit from using the Zenon network:

• Digital Assets
• Decentralized storage solution
•  Artificial intelligence (AI) system
• Digital identification service
• Internet of Things (IoT)
• Distributed computing platform

Highlights of the Zenon project

• Scalable: Zenon is designed to be scalable, meeting the case of massively increasing transaction throughput while maintaining decentralization.
• Smart: Zenon is a programmed blockchain project that enables value encryption and development of zApps.
• Security: Zenon uses a modern cryptographically secured dual ledger system on a P2P network with a distributed topology.

Key components to the Zenon network

• Staker: Staking system that allows everyone to participate in the dual-token economy
• Delegator: The delegator whose task is to support the Pillars who are actively developing the ecosystem by increasing their rank and in return will receive a reward. Pillar: Considered the "backbone" of the Network of Momentum, Pillars participates in both the consensus protocol by validating transactions and the state of the dual ledger in the Governance Framework. Each newly deployed Pillars requires a Pillars Slot by burning a linear amount of QSR.
• Sentinel: Full nodes act as active observers of network activities. Each newly deployed Sentinel claims a Sentinel Slot by locking a fixed amount of QSR tokens.

Read full Article: CLICK HERE