Zenon (ZNN) Price

Zano represents an ambitious project dedicated to creating a stable and secure coin tailored for the e-commerce industry. Leveraging the potential of blockchain technology, Zano's main objective is to offer a variety of features that include reliability, flexibility, and enhanced security, making it an ideal choice for peer-to-peer (P2P) and e-commerce transactions. By prioritizing stability and performance, the Zano project aims to deliver a seamless experience to its users.

The network's design is centered around key code qualities, such as forward and backward compatibility, asynchronous core architecture, and a component-based modular format, ensuring a robust operational structure that supports the requirements of the e-commerce industry. To enhance security, Zano employs ring signatures and stealth addresses, making user transactions untraceable. Ring signatures involve digital signatures performed by a group of individuals, and stealth addresses create one-time addresses for each transaction, thereby boosting privacy on the network.

To maximize utility for users, Zano has introduced a multi-signature wallet mechanism, which allows multiple participants to manage a single wallet, commonly utilized in escrow services. The platform facilitates secure and anonymous payments between counterparties without the need for a delegated third party. When utilizing the Zano network, all parties must provide collateral as an economic incentive to deter malicious activities. This escrow service enables the creation of customizable contracts, ensuring that all parties adhere to agreement requirements in a trustless manner.

Additionally, Zano leverages verified and time-tested cryptographic primitives inherited from CryptoNote while employing a hybrid Proof-of-Stake (PoS) and Proof-of-Work (PoW) consensus mechanism. This combination safeguards the platform from double-spend attacks, providing both improbability and infeasibility. PoS enhances the security offered by standard PoW blockchains, reinforcing the network's resilience.

In support of the project's overall structure, ZANO coins were introduced to facilitate payments and support all operations within the network. Founded by Andrey Sabelnikov and Pavel Nikienkov, the Zano project boasts a total token supply of 13,105,947 ZANO tokens, solidifying its presence in the ever-evolving world of digital currencies.