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Summary of Zenon
- Launched in Mar 2019 as a POS/MS hybrid cryptocurrency
- Proposes a sharding-based decentralized architecture called the Network of Momentum (NoM)
- Aims to build upon existing blockchain and DAG architectures
- Scalability: linear scaling with the growth of nodes
- Transactions: asynchronously processed within shards
- Verification and validation: at the end of each epoch (random timeframe)
- Features: Turing complete scripting language for zApps, digital assets, and low-resource device participation
- Numbers and figures: Mar 2019 (launch date)
About Zenon: Pioneering the Future of Scalability
Zenon was launched in March 2019 as a pioneering POS/MS hybrid cryptocurrency, introducing a novel sharding-based decentralized architecture dubbed the Network of Momentum (NoM), which seeks to build upon and transcend the limitations of existing blockchain and DAG architectures.
Notably, the incorporation of sharding enables the network to achieve linear scalability as the node count increases. Unlike traditional blockchain consensus mechanisms, this protocol processes transactions asynchronously within shards, rather than in batches. The overall network state is verified and validated at the conclusion of each epoch, with each epoch featuring a randomly determined timeframe. Furthermore, the network will boast a Turing-complete scripting language, empowering developers to build and execute zApps, create digital assets, and facilitate the participation of low-resource devices in the network.