Article Summary, Automatically Generated By AI
About Zap
Key Points
- Zap (ZAP) is a decentralized oracle platform launched in January 2019.
- Work on the project began in 2017.
- Zap allows users to set bonded pricing curves and create tokens, DApps, and more.
- Nick Spanos is the founder of Zap, with a background in computer science and blockchain technology.
- Zap is a multifunctional blockchain solution for various applications.
Numbers and Figures
- 520,000,000: Total supply of ZAP tokens globally.
- 236,144,465: ZAP tokens in active circulation.
About Zap: Empowering a New Era of Decentralized Finance
Introducing Zap (ZAP): A Comprehensive Overview
Zap (ZAP) pioneered the decentralized oracle platform, officially launching in January 2019, although its development began in 2017 when the coin was first introduced to the public. The Zap protocol introduces a groundbreaking approach to data sharing, token creation, and decentralized applications (DApps). Furthermore, the platform enables users to establish bonded pricing curves. This synergy of capabilities solidifies Zap as a multifaceted blockchain solution, catering to a diverse array of applications.
The Zapp protocol’s overarching objective is to provide a comprehensive, all-encompassing solution for DApp developers, investors, and enterprises seeking to seamlessly integrate blockchain decentralization into their operational frameworks.
The Visionaries Behind Zap: Meet the Founders
Nick Spanos, the visionary founder of the Zap protocol and token, boasts a degree in computer science from the esteemed New York Institute of Technology. Throughout his illustrious professional career, Spanos has accumulated a plethora of notable milestones, including a stint as the general manager of the iconic Webster Hall in the 1990s.
Notably, Spanos’s foray into blockchain technology and Bitcoin dates back to 2013, when he became a member of the Bitcoin Foundation. That same year, he also established the Blockchain Technologies Corporation and the Bitcoin Center, a prestigious hub for Bitcoin-focused think-tank events and business gatherings.
In 2017, Nick Spanos shifted his focus to a novel blockchain endeavour — Zap.
Notably, he holds two pivotal patents to his name. One pertains to the invention of
the multi-branched blockchain, while the other revolves around devising a system
for organizing the process of blockchain-based paper ballot voting.
Zap’s Distinctive Edge: A Revolutionary Approach
Zap embodies the culmination of blockchain technology’s vast potential. A distinguishing feature of the Zap protocol is its innovative fusion of functionalities, setting it apart from other blockchain projects that typically concentrate on a single area of development. By pioneering a multifaceted platform, Zap is poised to revolutionize the industry.
The Zap protocol empowers users to craft highly liquid tokens, deploy stablecoins, develop decentralized applications (DApps), leverage blockchain technology for seamless tracking and logistics, and issue ERC-20 tokens, among other capabilities. Owing to its adaptability, Zap has emerged as a preferred choice for enterprise development, with esteemed companies such as Cafe Joe USA, JuJu Rentals, and Energy Rentals harnessing its capabilities.
What Is the Circulating Supply of Zap (ZAP) Coins?
A total of 520,000,000 ZAP tokens are in existence globally. Currently, approximately 236,144,465 tokens are actively circulating in the market. Notably, due to Zap’s multifaceted nature, ZAP tokens are dynamically minted and burned in response to every pertinent action undertaken by customers, particularly in the creation of bonding curves.
Notably, the circulating supply of ZAP tokens is in a state of constant flux, with the number of tokens in circulation changing by the second. At present, the token is listed on over eleven markets, although this tally is subject to rapid fluctuations, contingent upon the utilization of the platform’s bonded curves functionality.
The Zap Network’s Security Framework: A Robust Defense Mechanism
As an ERC-20 Ethereum-based token, Zap leverages the proof-of-stake (PoS) consensus mechanism, which ensures the network’s security. In this paradigm, validators are chosen based on their stake in Zap tokens, rather than their computational power. This consensus method is gaining widespread adoption, owing to its superior scalability and cost-efficiency compared to Bitcoin’s proof-of-work (PoW) consensus.
Thanks to its Ethereum-based architecture, Zap can be seamlessly stored in a diverse range of hot and cold cryptocurrency wallets, thereby ensuring a secure and versatile investment opportunity. Furthermore, users are empowered to create their own ERC-20 tokens, leveraging the same consensus mechanisms.
Acquiring Zap (ZAP): A Comprehensive Guide to Exchanges and Marketplaces
Zap is a prominent cryptocurrency token, widely accessible for purchase across a diverse range of exchanges.
A staggering 95% of all ZAP trading volume, equivalent to $409,904 worth of ZAP/BTC transactions, is facilitated through Bitrue. Meanwhile, Poloniex emerges as another notable exchange for ZAP trading, boasting a respectable trading volume of $3,613.
Last but not least, the ProBit Exchange stands out, boasting a substantial current trading volume of $2,175. It is crucial to acknowledge that investing in cryptocurrency, like any other investment, inherently carries risks.
Delve into the world of cryptocurrency and discover the intricacies of buying digital assets.
Associated Resources:
Delve into the world of TRON, a decentralized platform revolutionizing the digital landscape.
Delve into the world of Loopring and discover its innovative features.
Delve into the intricacies of bonding curves and discover their significance in the realm of cryptocurrency.
Peruse the insightful articles on the CoinMarketCap blog.