Zano (ZANO)

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Privacy and Security

Zano is a privacy-focused cryptocurrency that keeps transaction details like sender, recipient, and amount completely confidential using advanced cryptographic methods such as ring signatures and stealth addresses. It offers untraceable transactions and hidden amounts by default.

Scalability and Technology

Zano uses a hybrid Proof of Work/Proof of Stake consensus mechanism, including a unique private Proof of Stake system called Zarcanum. This design helps it handle more transactions efficiently while maintaining privacy.

Confidential Assets and Decentralized Applications

Zano supports Confidential Assets, which are user-created privacy tokens that maintain the same privacy level as native Zano coins. It also enables decentralized applications (dApps) to run with built-in privacy features.

Peer-to-Peer Trading and Escrow

Zano Trade is a peer-to-peer platform that uses escrow contracts to allow users to trade cryptocurrencies and fiat without third-party involvement, ensuring secure and private exchanges.

Marketplace and Atomic Swaps

The Zano Marketplace API lets users create on-chain offers to buy or sell items, enabling decentralized online stores. Ionic Swaps allow seamless, private exchanges between different cryptocurrencies within the Zano ecosystem.

Use in Trading and Arbitrage

Because Zano is actively traded, users can buy low and sell high to earn more Zano tokens, taking advantage of price fluctuations on exchanges.

Future and Ecosystem Growth

Zano aims to expand its use cases by supporting new projects that create confidential assets and by integrating with popular wallets, making privacy-focused digital currency more accessible.

Privacy and Security

Zano offers strong privacy features like untraceable transactions, hidden amounts, and stealth addresses. It uses a hybrid Proof of Work and Proof of Stake system to boost security and efficiency. Users can create aliases linked to payment addresses for easier and private transactions.

Scalability and Performance

Zano is designed to handle more transactions without slowing down, thanks to its flexible scalability. This helps keep the network fast and efficient even as it grows.

Features and Usability

Zano supports confidential assets, allowing anyone to issue private tokens on its blockchain. It also offers multi-signature wallets, customizable escrow contracts, and plans for alias-based messaging and reputation systems, making it user-friendly and versatile.

Community and Development

The project is actively developed with regular updates and improvements. Its privacy focus appeals to users who want confidentiality in their digital transactions.

Cons

Because Zano is privacy-focused, it may have less visibility and adoption compared to more mainstream cryptocurrencies. Also, as a newer project, it might have lower liquidity and fewer exchange listings than established tokens.

Founders of Zano

• Andrey Sabelnikov: Lead developer and co-founder, known for creating the original CryptoNote protocol used by Monero and other privacy coins.
• Pavel Nikienkov (also known as Pavel Ravaga): Co-founder and Project Manager, involved in project management and product development for Zano.

Investors in Zano

• Community and Individual Investors: Many Zano tokens are held by individual crypto enthusiasts and community members who support the project and participate in staking or trading.
• Developers and Founders: The original team, including lead developer Andrey Sabelnikov, who has a long history in privacy-focused cryptocurrencies, likely holds some tokens.
• Crypto Exchanges: Some tokens are held by centralized and decentralized exchanges that list Zano for trading.
• Stakers: Users who participate in the Proof-of-Stake consensus earn rewards and hold tokens as part of network security.

No specific public list of major institutional investors or venture capital firms is available for Zano. The project is mainly supported by its community and developers.

Halal Status of Zano

• Yes, Zano is generally considered halal because it uses staking rewards generated through network validation rather than interest-based mechanisms, which aligns with Islamic finance principles.
• It focuses on privacy for legitimate financial confidentiality without promoting prohibited activities.
• The project has a fair launch without pre-mines or ICOs, supporting equitable distribution.
• However, as with any crypto, individual views may vary, and some may consider factors like adoption and use case when deciding.