Zen Protocol Unveils Smart Contracts for Financial Services

Zen Protocol, a Blockchain worked in finance, is reporting its testnet and beginning to on– board beta analyzers. Zen is influencing secure, to distributed finance conceivable on an open Blockchain, evacuating the requirement for intermediaries, for example, banks and brokers.

“Our driving motivation in creating Zen Protocol is the belief that people have a right to own their financial assets, and we feel a responsibility to provide people with the necessary tools to empower themselves,” said CEO Adam Perlow.

It is astonishing and stressing that everybody talks over blockchain, ICOs or tokens so oftentimes yet very little is said in regards to the building blocks fundamental these blockchains or digital currencies. Individuals frequently utilize the word blockchain as though it was some sort of otherworldly structure with a type of mining to influence it to work.

Zen’s approach permits anybody, whenever, anyplace to make and exchange financial items on a protected platform — a Proof-of-Work blockchain protocol. It’s here where an open commercial center for options, futures, digital currencies and a bunch of other money related instruments are offered to purchasers who might some way or another be left without the capacity to partake.

“These premises are the need for increased security — provided by formal verification and a secure execution context, the need for real utility — provided, for example, by oracles, and the need for better governance [by multi hash mining],” Adam Perlow added.

Zen Protocol, in numerous regards, can be seen as another option to Ethereum, Bitcoin’s primary market rival. The Zen’s primary incentive is the production of a blockchain that mitigates a portion of the bothersome issues that have antagonistically affected Ethereum, while at the same time running parallel to the Bitcoin blockchain.

Formal confirmation isn’t a fantasy any longer. Zen Protocol is here and it will be, point of fact, a standout amongst the most vital blockchains of 2018.