Zano Price

About the coin

Zano is a privacy-centric blockchain ecosystem that was launched in 2019. It focuses on providing untraceable transactions through the use of advanced cryptographic techniques such as ring signatures and stealth addresses. The platform is designed to offer a secure and private environment for transactions, making it an attractive option for users who prioritize privacy.

Main features

Zano's upcoming Zarcanum hardfork marks a significant transition to RingCT and introduces the first-ever Proof of Stake algorithm with hidden amounts. This hardfork will also incorporate Confidential Assets, which are privacy tokens operating on the Zano blockchain. These assets share the same privacy features as native Zano coins, allowing developers to run privacy-oriented projects without the complexities of maintaining their own blockchains. Zano's security is further enhanced by a unique hybrid PoW-PoS consensus algorithm, applicable to both coins and assets. The platform supports on-chain aliases, escrow contracts, and a built-in staking system with no minimum requirements or time locks.

How it works

Zano transactions are made anonymous and untraceable through ring signatures and stealth addresses. The platform also offers multi-signature functionality, allowing multiple users to control a single wallet, which can be used for escrow services or two-factor authentication. Users can create customizable escrow contracts with required deposits for trustless agreements. Additionally, all Zano network members can have aliases, such as @username, linked to a payment address, enhancing user-friendliness. In the future, aliases will be used in a dedicated messenger, a user reputation service, and an alias-based authentication system.