What is Zano coin?
Zano is an open-source cryptocurrency and ecosystem designed with enterprise-grade privacy, security, and scalability. It serves as a robust foundation for confidential assets and decentralized applications (dApps). Zano is a privacy-focused cryptocurrency designed to meet the growing demand for privacy in digital transactions. Unique to its kind, Zano combines the security of blockchain technology with advanced features to guarantee users' anonymity and security. It aims to provide secure and anonymous digital transactions and can be used for various purposes, including peer-to-peer payments, online purchases, and as a store of value.
Future roadmap and partnerships
Zano aims to further enhance its privacy features, expand its DeFi ecosystem with decentralized exchanges and lending platforms, and foster enterprise adoption through partnerships and integrations. The team is also working on improving user experience across wallets and interfaces to make Zano more accessible to a broader audience.
Zano recently announced a partnership with Bitcoin.com, a leading cryptocurrency platform. This collaboration will integrate the Zano blockchain into the Bitcoin.com wallet app, allowing users to seamlessly manage and transact with ZANO alongside other major cryptocurrencies. This integration signifies growing confidence in Zano's privacy-focused approach.
Zano has also partnered with Exolix, a decentralized exchange platform, to list ZANO and facilitate trading of confidential assets created on the Zano blockchain. This partnership enhances liquidity and accessibility for Zano's unique offerings.Additionally, Zano has collaborated with Cake Wallet, a popular multi-cryptocurrency wallet, to enable native support for ZANO and its confidential assets. This integration provides Cake Wallet users with a seamless experience for managing their Zano holdings securely.
Launching History and Background
Zano, developed by cryptography experts, was launched in 2019 to address industry challenges like scalability and ease of use while ensuring robust user privacy. Known for its advanced cryptographic methods and user-friendly design, Zano quickly attracted users seeking secure, private digital transactions. The project has consistently updated its features, including significant enhancements like Zarcanum, to improve performance and security. Zano has maintained a strong commitment to transparency and security throughout its development, making it a trusted choice in the privacy-focused cryptocurrency market. Recently, a significant hard fork was implemented, introducing many exciting changes. Notably, it introduced the world's first PoS scheme with hidden amounts and confidential assets on the Zano blockchain, allowing users to create privacy tokens.
Recent ecological development：
- Introduction of a New Mobile Wallet with Support for Confidential Assets.
- Integration of Confidential Assets Creation and Management Tools in Mobile and Desktop Wallets: Users will soon be able to create and manage Zano’s Confidential Assets seamlessly from the wallet interfaces.
- Introducing Zano Companion: Enhancing the DeFi ecosystem with upcoming DEX, Zano Trade. Trade ZANO and confidential assets in a decentralized, peer-to-peer manner at [https://trade.zano.org/dex](https://trade.zano.org/dex).
Core Features Of ZANO
Zano (ZANO) is a cryptocurrency that strongly emphasizes privacy, security, and usability. Below are the core features:
Privacy
Zano is designed with privacy as a default feature, utilizing advanced techniques like stealth addresses, ring signatures, and RingCT (Ring Confidential Transactions) to ensure complete anonymity. These methods make it nearly impossible to trace transactions or link them to specific users, safeguarding user privacy at all levels.
Security
The security of Zano's blockchain is reinforced by a unique hybrid consensus algorithm that combines Proof of Work (PoW) and Proof of Stake (PoS). This dual approach harnesses the strengths of both consensus mechanisms, creating a highly secure environment that is resistant to double-spending and other common attacks, thereby ensuring robust protection for all transactions.
Zarcanum
Enhancing Zano's hybrid PoW/PoS model with advanced features like untraceability and hidden transaction amounts, ensuring greater privacy and security for all network participants.
Scalability
Zano's blockchain architecture is built for scalability, featuring a modular design, forward and backward compatibility, and an asynchronous core. These elements enable the system to efficiently handle a high volume of transactions, making it ready to support widespread adoption and high traffic without compromising performance.
Confidential Assets
Zano allows users to create their digital currencies and tokens on its blockchain. These assets benefit from the same advanced security measures that protect Zano itself, including hidden addresses, confidential transaction amounts, and IP obfuscation, making them far more secure than those on first-generation cryptocurrency platforms.
Ionic Swaps
Zano advances the concept of Atomic Swaps with Ionic Swaps, providing a seamless and private method for exchanging cryptocurrencies. This innovation preserves user privacy while facilitating easy and efficient cryptocurrency exchanges.
Marketplace API
Zano offers a dynamic API designed to integrate seamlessly into various marketplace ecosystems. This feature empowers users to create their decentralized marketplaces, fostering a robust and flexible environment for commerce.
Escrow Contracts
Zano's escrow service features customizable contracts within a trustless environment. These contracts are secured by deposits, which deter malfeasance, providing a reliable and secure platform for transactions that require escrow services.
Staking
Zano's implementation of Proof of Stake is designed to be highly inclusive, with no minimum staking amount required. This egalitarian approach allows anyone to participate in staking, supporting Zano's vision of a decentralized ecosystem that is accessible to all users.
Aliases
Zano users can create custom aliases, such as @username, which can be linked to payment addresses. This feature enhances user-friendliness and paves the way for future developments, including a dedicated messenger, a user reputation service, and an alias-based authentication system.
Auditable Wallets
Zano provides the option for auditable wallets, enabling individuals and organizations to create transparent wallets. This feature is particularly useful in situations where verification is preferred over trust, offering a clear and verifiable record of transactions.
Statistical Performance of Zano
Understanding Zano's statistical performance provides a clearer picture of its market presence and adoption. As of June 14, 2024, data from CoinMarketCap reveals that Zano has a market capitalization of $29,192,727. This substantial market cap highlights the growing interest and confidence in Zano among investors.
The 24-hour trading volume for Zano stands at $80,814, indicating there's active trading and sufficient liquidity for users to buy and sell the cryptocurrency. With a circulating supply of 12,257,846 ZANO out of a total supply of 14,287,346 ZANO, it's evident that a significant portion of the coins are in active use, facilitating various transactions within the ecosystem.
Moreover, the fully diluted market cap, assuming all possible coins are in circulation, is $33,991,841. This figure underscores the potential future value of Zano as more coins come into circulation. These robust statistics reflect Zano's increasing adoption and solidify its position as a key player in the cryptocurrency market, especially for users prioritizing privacy and security in their digital transactions.
Where Can I Buy and Trade ZANO?
CoinEx is a global cryptocurrency exchange trusted by over 6 million users worldwide with a 100% reserve. With its 1000+ coins supported, users can now trade easily and seamlessly on CoinEx.
Overview
- Name: ZANO
- Official link: https://zano.org/
- White paper link: https://zano.org/downloads/zano_wp.pdf
- Explorer: https://explorer.zano.org/
- Total supply: 14.28M （Data as of June 14）
- Contract address: 0xdb85f6685950e285b1e611037bebe5b34e2b7d78
- Twitter：https://x.com/zano_project
- Telegram：https://t.me/zanocoin
- Supported CEX: CoinEx, Mexc, TradeOgre
- Supported DEX: Uniswap, TradeOgre
- Convenient for users to know in time：https://www.coinex.com/en/info/zano
*This article is for informational purposes only and does not constitute investment advice.
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