Zano (ZANO)
Zano is an open-source cryptocurrency ecosystem focused on privacy, security, and scalability. It supports confidential assets and decentralized applications (dApps), ensuring transaction privacy by default. Zano's features include Confidential Assets, Escrow Contracts, and Aliases. It is a unique project built from scratch, not forked from other projects.
History
The development team behind Zano has been active in the cryptocurrency space since 2014, initially working on Boolberry, which evolved into Zano in 2019. The lead developer, Andrey Sabelnikov, also created the original CryptoNote protocol, utilized by projects like Monero.
| Ticker | ZANO |
| Category | Cryptocurrency |
| Website | https://zano.org |
| @zano_project | |
| Telegram | zanocoin |
| https://www.reddit.com/r/Zano |
Features
PoW/PoS
Zano employs a hybrid consensus mechanism that alternates between Proof-of-Work (PoW) and Proof-of-Stake (PoS) blocks. This approach enhances blockchain security and decentralization. Gaining control over the network would require a significant hash rate and a large amount of staked coins, making it impractical.
Untraceable transactions
Zano ensures transaction privacy through d/v-CLSAG Ring Signatures and Stealth Addresses. This technology ensures that transaction data is accessible only to authorized parties, keeping private data confidential.
Amount privacy
To conceal transaction amounts, Zano uses Bulletproofs+ technology, which offers efficient and secure proofs. These proofs verify that inputs and outputs match without revealing specifics.
Escrow contracts
Zano's Escrow Contracts allow users to create agreements without intermediaries. These contracts ensure compliance by requiring deposits from all parties, facilitating peer-to-peer settlements.
Aliases
Zano provides the ability to create aliases, like @username, simplifying complex blockchain addresses. These aliases can be used for transactions, messaging, and authentication, ensuring funds are sent only to verified aliases.
Marketplace API
The Zano Marketplace API enables users to manage on-chain offers for buying or selling items, supporting the creation of decentralized online stores.
Ionic swaps
Ionic Swaps enhance Atomic Swaps by enabling secure and private cryptocurrency exchanges. This technology is used in decentralized exchanges and instant swaps.
Zarcanum
Zarcanum is an advanced Proof of Stake (PoS) system integrating privacy features like untraceability and hidden amounts. It transforms Zano into a multi-asset platform, supporting privacy tokens alongside $ZANO.
Auditable wallets
Auditable wallets allow for transparent verification without compromising Zano's network privacy, providing accountability while maintaining security.
Confidential assets
Zano's Confidential Assets enable the issuing of private digital tokens, ensuring transaction privacy through hidden addresses, amounts, and IP obfuscation.
Products
Zano Trade
Zano Trade is a peer-to-peer trading platform using Zano's escrow contracts, eliminating third-party involvement. It also functions as a decentralized exchange for trading Zano and Confidential Assets.
Governance system
Zano Governance allows anonymous on-chain voting, enabling stakers to participate in significant blockchain decisions, promoting decentralization.
Zano wallets
Zano offers various wallet types, including a Desktop Wallet for full-node access and a Mobile Wallet for convenience. A Lite Wallet is in development, and integration with third-party wallets like Cake Wallet and Bitcoin.com is underway.
Zano Companion
Zano Companion is a browser extension that connects the Zano desktop wallet to web applications, facilitating access to the Zano ecosystem.
ZANO
The Zano token focuses on providing secure and scalable transactions. It incorporates CryptoNote technology and a hybrid PoW/PoS protocol to bolster security. The network's consensus mechanism, involving both mining and staking, ensures efficient processing.
Partnerships
Zano has established partnerships with various organizations, including ChangeNOW, Verse, CoinRemitter, WizardSwap, Cake Wallet, Bitcoin.com, Swapter, NOWPayments, EXOLIX, SwapSpace, Orange Fren, and Trocador.