Discover how Zano, led by co-founder Pavel, is revolutionizing privacy coins with cutting-edge technology, hybrid consensus, and an ambitious ecosystem vision for the future of blockchain.
Author: Tanishq Bodh
Written On: Thu, 21 Nov 2024 18:05:09 GMT
In the blockchain space, privacy coins have carved out an essential niche. Among them, Zano stands out not only for its robust privacy features but also for its vision of building a broader blockchain ecosystem. We spoke with Pavel, Zanoâs Co-founder and Project Manager, to delve into the projectâs unique attributes, challenges, and whatâs next for the team and the community.
Zano has built its foundation on strong privacy features like ring signatures and stealth addresses, making transactions secure and untraceable. However, what distinguishes Zano is its ambition to support a broader ecosystem, moving beyond just privacy-focused functionality.
âIn terms of privacy, itâs not really different from Monero. But weâre taking a broader approachâwe want other projects to launch on top of Zano,â Pavel shared.
With APIs and escrow contracts in place, Zano provides developers with the tools they need to create decentralized applications (dApps) and other blockchain solutions. This positions Zano as more than a privacy coinâitâs a dynamic platform for innovation.
One of Zanoâs standout features is its hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus mechanism. This dual-layered approach not only ensures decentralization but also makes 51% attacks virtually infeasible.
âTo execute a 51% attack, youâd need both the majority of the hash rate and a significant stake in the total coins. This dual layer makes Zano extremely secure,â Pavel explained.
This hybrid model provides Zano with a unique edge in security, ensuring trust and stability within its ecosystem.
Zanoâs roadmap highlights the teamâs commitment to delivering innovative features and improving usability for developers and the community alike.
Zano is gearing up for a major consensus upgrade, which Pavel described as being in the final stages of review. Once implemented, this upgrade will further enhance the networkâs security and efficiency.
The reactivation of escrow contracts is set to unlock Zanoâs peer-to-peer trading platform, which has already been developed but awaits integration. This feature promises to elevate Zanoâs functionality and attract a diverse user base.
The Zano team is also prioritizing enhanced developer tools and comprehensive documentation. By offering SDKs and robust guides, they aim to empower creators to build on the Zano platform seamlessly.
âOur goal is to make it easier for people to develop on Zano. Feedback from the community helps us refine these tools and improve accessibility,â Pavel emphasized.
As Zanoâs Co-founder and Project Manager, Pavel plays a critical role in navigating the complexities of building a blockchain platform. He candidly discussed the challenges of managing a small team while juggling development priorities.
Despite these hurdles, Pavelâs strategic focus on multitasking and resource management has allowed the team to stay on track and competitive in a rapidly evolving market.
Zanoâs success is a result of collaboration between its team and community. Pavel urges users to test the tools, provide feedback, and engage with the projectâs features to help improve its offerings.
âWe release SDKs, APIs, and tools for people to make tokens. Any feedback is helpful. It helps us fix things faster and deliver a better experience,â Pavel stated.
Zano, under Pavelâs leadership, is not just another privacy coinâitâs a platform with the potential to revolutionize blockchain ecosystems. With an exciting roadmap, innovative security mechanisms, and a focus on empowering developers, Zano is poised to redefine what a privacy coin can achieve.
Whether youâre a developer, investor, or privacy advocate, Zano invites you to join their journey and contribute to building the future of blockchain.
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