What is Zencash?

ZenCash (ZEN)


Zencash (Zen) is an end-to-end encrypted system with zero knowledge technology. Namely, data, value, and communication are securely stored and transmitted. Zen is a blockchain system based on the protocol design and feature specification in censorship-evasion, transactions anonymity, and privacy. ZenCash is a zero-knowledge cryptographic shielding. In addition it protects users against the traffic correlation analysis. Although the protocol traffic and nodes are obscured on the zen network, transactions are anonymous and private.

Zen features

Zen offers features beyond ZenCash transaction. The platform has many features. It allows file sharing, document publication, fully encrypted communication and encrypted economy. In addition it offers business activity and hosts a distributed autonomous organization system. Being a world’s first private platform. For distributed, publishing, transactions, and communications. Some of the features found on Zen platform includes:

Private Transaction:

ZenCash uses the transparent and shielded transaction.

Private communications:

The ZenCash ensures no metadata leakage regarding transaction specification. They distribute secure and private communications with a client application. In short it can utilize the secure memo and nodes and the capabilities of shielded transactions.

Secure and anonymous publishing:

ZenCash provides one-to-many private communication on the blockchain. It has distributed publishing and distributed messaging enables anonymous communication worldwide.

ZenCash focuses on privacy and obscurity. Zen embody the maximalist protocol that Bitcoin uses in favor of wide adoptions, simplicity, and usability. The infrastructure on Zen combination of zero-knowledge proofs. Such as full encryption and a governance engine. Moreover it opens multiple opportunities listed in the Zen white paper. Zen infrastructure provides use-case opportunities as follows:

  • Hosting of identification data
  • Selective proof of title for a variety of properties
  • Decentralized banking services
  • Mutual aid societies
  • P2P insurance
  • Simple use as an anonymous token value
  • Decentralized humanitarian aid mechanisms
  • Privacy-preserving b2b/p2p asset exchange.

Zen is building a private and secure platform. Mostly for transactions and instantaneous communications. They use secured distributed Nodes network for usability and accessibility worldwide. The secure Nodes in the platform enable network obfuscation. As well as full encrypted communications to make sure end-user activity is protected.

Zen White paper states foundation examples from which Zen was developed are Decred, seasteading, Bitcoin, and Dash. The initial project was known as Zcash, but Zen was forked out from Zcash’s Zclassic and developed into a platform with internal funding and fully encrypted network. Zen builds on the heritage of network architecture, best cryptocurrencies, and distributed file sharing system.

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