Zano
What is Zano？ Zano is an open-source cryptocurrency (layer-1) and ecosystem offering enterprise-grade privacy, security, and scalability, serving as a powerful platform for confidential assets and decentralized applications (dApps). Confidential assets Anyone can easily issue user-created privacy tokens on the Zano blockchain; these assets are protected by the same mechanisms that make Zano far more secure than first-generation cryptocurrencies: hidden addresses and hidden amounts. This unique technology can be used to create private stablecoins, shielded versions of existing assets, and more, without the overhead of creating, managing, and securing a blockchain yourself. Untraceable transactions with hidden amounts Zano Network transactions are made untraceable through multiple technologies, most importantly d/v-CLSAG Ring Signatures and Stealth Addresses. In addition, transaction data is stored on the blockchain in a way that allows only parties authorized for the transaction to access it, and no private data is ever published publicly. A security scheme combined with a set of proofs can conceal the amount of coins transferred. These proofs use Bulletproofs+ technology to create proofs that are efficient in terms of performance and size. Burning all fees On Zano all network fees are burned. As network usage increases, daily fee burns may exceed the issuance from block rewards, causing the supply to become deflationary over time. This combination of small, minimal daily issuance and daily burns results in little to no selling pressure on exchanges.
Overview
What is Zano？ Zano is an open-source cryptocurrency (layer-1) and ecosystem offering enterprise-grade privacy, security, and scalability, serving as a powerful platform for confidential assets and decentralized applications (dApps). Confidential assets Anyone can easily issue user-created privacy tokens on the Zano blockchain; these assets are protected by the same mechanisms that make Zano far more secure than first-generation cryptocurrencies: hidden addresses and hidden amounts. This unique technology can be used to create private stablecoins, shielded versions of existing assets, and more, without the overhead of creating, managing, and securing a blockchain yourself. Untraceable transactions with hidden amounts Zano Network transactions are made untraceable through multiple technologies, most importantly d/v-CLSAG Ring Signatures and Stealth Addresses. In addition, transaction data is stored on the blockchain in a way that allows only parties authorized for the transaction to access it, and no private data is ever published publicly. A security scheme combined with a set of proofs can conceal the amount of coins transferred. These proofs use Bulletproofs+ technology to create proofs that are efficient in terms of performance and size. Burning all fees On Zano all network fees are burned. As network usage increases, daily fee burns may exceed the issuance from block rewards, causing the supply to become deflationary over time. This combination of small, minimal daily issuance and daily burns results in little to no selling pressure on exchanges.