Zen – ZenCash, ZenTalk, ZenPub & ZenHide Cryptocurrency System?
Zen, found online at ZenSystem.io, is a private, distributed, and reliable platform for communications, transactions, and publishing. Find out what that means today in our Zen review.
What Is Zen?
Zen is a blockchain platform that offers private and reliable transactions, communication, and publishing. The developers claim to be leveraging the best minds in technology, governance, and community building to bring the project to life.
The Zen ecosystem revolves around the use of ZenCash (ZEN) – not to be confused with Zcash. ZenCash has the ability to use transparent and shielded transactions for blockchain-based commerce. It’s transparent from the bitcoin blockchain network and offers shielded transactions using zk-SNARKS from Zcash.
ZenCash was formed on May 30, 2017 when the currency split from the Zclassic chain. The currency is actively traded on Bittrex.
ZenCash aims to be an improvement on the Zcash codebase aimed at enhancing privacy and making a more resilient network. The platform allows for secure global messaging, persistent file storage, and private economic activity.
Overall, the platform aims to create a permanent, globally-distributed, private network for instant communications and transactions. Let’s take a closer look at how it works.
How Does Zen Work?
Zen works using a collection of technologies and platforms, including all of the following:
ZenCash can be used for transparent and shielded transactions on the blockchain. These transactions are transparent from the bitcoin blockchain heritage. As mentioned above, the shielded transactions are created through the use of Zcash’s zk-SNARKS.
Private communications on the ZenCash blockchain ensure no metadata leakage regarding the specific details of any transaction. Distributed and secure nodes relay communications in a non-trackable way. Secure and private communications within the custom client application fully utilize the secure memo capabilities of shielded transactions.
Secure And Anonymous Publishing:
End-user applications provide one-to-many private communications on the blockchain. Meanwhile, secure messaging allows for publishing on the InterPlanetary File System (IPFS), and distributed publishing and distributed messaging enables worldwide anonymous communications.
Commerce And Communications:
Zen is leveraging a global community to build a private and secure platform for instantaneous communications and transactions. That platform aims to be permanent, globally distributed, and private.
Users And Usability:
As part of its international appeal, Zen plans to offer international documentation and wallets in many different languages as well as global governance with inclusive decision making. Funds will also be set aside for continuous improvement of the platform.
Secure Nodes For International Resilience:
Zen will be secured internationally with nodes based worldwide. These Zen Secure Nodes form the foundation of a distributed and resilient network that can be accessed from anywhere in the world. Another key feature of these nodes is to enable fully encrypted communications and network obfuscation to protect end-user activity.
Overall, Zen wants to promote the value of privacy worldwide.
The ZenCash ICO
One of the unique things about ZenCash is that the developers did not conduct an ICO or pre-mine. Instead, the currency began as a chainsplit from Zclassic. The currency was launched on May 30, 2017 and is actively trading on Bittrex.
Anyone who held Zclassic prior to the block 110,000 chainsplit was allocated a 1:1 amount of Zen automatically. To access your ZenCash, just import the Zclassic private keys into the new Zen wallet after launch to redeem your tokens.
ZenCash is a currency that launched earlier this year during a split from Zclassic. The platform aims to offer private and reliable transactions, communications, and publishing in a highly-private environment. It’s linked to the Interplanetary File System (IPFS) and plans to be a crucial part of the next web.
To learn more about ZenCash, visit the organization online at ZenSystem.io. Or, purchase ZenCash for yourself from an exchange like Bittrex.