Description
Zenon was launched as a POS/MS hybrid cryptocurrency in Mar 2019 and proposes a sharding-based decentralized architecture called the Network of Momentum (NoM), which aims to build upon existing blockchain and DAG architectures.
Due to sharding, the network will reportedly be able to scale linearly as the number of nodes grows. The protocol differs from traditional blockchain consensus as transactions are not treated in batches, but asynchronously processed within shards, with the overall state of the network verified and validated at the end of each epoch (each epoch having a random timeframe). The network will also feature a Turing complete scripting language that will allow developers to build and run zApps, create digital assets, and allow low-resource devices to participate in the network.
Market Rank
In the dynamic and ever-changing landscape of cryptocurrencies, Zenon has established itself as a formidable player. It is currently ranked #2,298 in the cryptocurrency market based on its market cap. This ranking reflects the trust and confidence that the market has in Zenon as a viable digital asset.
Tokenomics
The tokenomics of Zenon consist of a total supply of 857,884 tokens, out of which 503,260 tokens are currently in circulation. Understanding the tokenomics is crucial for potential investors, as it sheds light on the token's distribution and availability, which can directly impact its value and demand in the market.
Wallet Support
In order to securely store your Zenon tokens, you can use a variety of wallets such as MetaMask, Trust Wallet, MyEtherWallet, Ledger, Trezor. These wallets provide a safe environment for managing and storing your digital assets. It's essential to select a wallet that supports the specific cryptocurrency and offers a high level of security, user-friendliness, and compatibility with your preferred devices.
Popular Exchanges
To buy, sell, or trade Zenon, you can use various popular exchanges such as ArkenSwap. These platforms offer a seamless experience and allow you to manage your investments in Zenon with ease. Always remember to conduct thorough research before choosing an exchange, as the security and reliability of the platform are crucial for your digitalassets.
