Zenon is a cryptocurrency project that aims to combine the strengths of decentralized finance (DeFi) and distributed ledger technology (DLT) to create a new ecosystem for digital transactions. The project focuses on scalability, security, and sustainability.
At its core, Zenon utilizes a unique DAG-based protocol called ZTS, which stands for Zenon Transformational System. This protocol is designed to scale efficiently by mitigating transaction congestion and minimizing network latency. It aims to provide fast, reliable, and secure transactions for users.
Zenon incorporates a hybrid consensus mechanism combining both Proof-of-Work (PoW) and Practical Byzantine Fault Tolerance (PBFT). This combination aims to offer enhanced security and resilience against various network attacks.
In terms of sustainability, Zenon implements an innovative economic model. The network introduces mining rewards that are dynamically adjusted based on the demand for computational resources, ensuring fair distribution and efficient allocation of computing power within the ecosystem.
The Zenon project also focuses on interoperability, aiming to provide seamless integration with other blockchains and networks. This feature enables the efficient transfer of assets and data between different platforms.
As for its native cryptocurrency, Zenon (ZNN), it serves as a utility token within the Zenon ecosystem. ZNN holders can participate in the network's governance, staking, and decentralized applications (dApps).
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