Zano (ZANO) is an open-source cryptocurrency and ecosystem launched in 2019, focusing on enterprise-grade privacy, security, and scalability. It serves as a foundation for confidential assets and decentralized applications (dApps), offering robust privacy features by default.
Key aspects of Zano include:
- Privacy: Transactions are untraceable, concealing amounts, addresses, and asset types using ring signatures and stealth addresses.
- Hybrid Consensus: Zano employs a unique combination of Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithms, enhancing security and decentralization.
- Confidential Assets: Users can create privacy tokens with the same features as the native ZANO coin.
- Escrow Contracts: Customizable agreements for trustless peer-to-peer settlements.
- Aliases: On-chain usernames that simplify transactions and serve as decentralized IDs.
- Staking: Built-in system with no minimum requirements or time locks.
- Scalability: Designed to handle increased transaction volumes without network congestion.
Zano was developed by a team active in crypto since 2014, with lead developer Andrey Sabelnikov creating the original CryptoNote protocol used by Monero and other projects. The ecosystem aims to provide a comprehensive platform for privacy-focused decentralized applications and confidential asset management.