0chain

Overview of 0chain

0Chain has been working extremely hard for the past several years, spending thousands of hours building and testing code, writing custom software solutions to get ahead of competitors, and operating with as much agility as you might expect from a start-up in its first years of development.

0Chain is addressing this issue by creating free transactions through a process called “token locking.” Rather than spending tokens for transaction fees, a token owner (known as a client) locks tokens to generate new tokens as a reward for the miner who includes the transaction in a block.

0Chain offers an enterprise-grade decentralized storage network (DSN) at the edge cloud, at core-cloud prices; all the while maintaining high data availability and redundancy, low latency, as well as enabling data privacy & protection regulatory compliance (GDPR) by design.

0Chain, founded in 2017 by Saswata Basu, Ph.D., UCLA and Tom Austin, Professor of Computer Science at SJSU, provides a highly secure, scalable, performant data protection platform, and a single source of truth for smart contract transactions.

0Chain (ZCN) fundamentals: There is a circulating supply of 160.000M, a total supply of 400.000M, a maximum supply of 400.000M, a total cap of $654.4M, a 24 hour range of 9.21%, a 24 hour low of $1.62 and a 24 hour high of $1.79.

0Chain has teamed up with “Oracle to provide Hyperledger Fabric customers a solution to use 0Chain dStorage as a trusted party for file-based transactions that require data validation from endorsers” (article).

0chain is developing several groundbreaking protocols, including 2D-BPoS consensus, self-forking, storage, and inflation protocols to achieve massive scalability, a fast finality, and a 0-cost dCloud.

0Chain, an early mover in the distributed cloud and blockchain space has proved to be so popular that the company just announced hitting its hard cap of $39 million without even launching its ICO.

0Chain continuously protects against data breaches, automates data compliance, enables secure sharing of data with third parties and helps eliminate liability costs (Oracle).

0Chain (ZCN) has changed 4.47% over the past 1 hour, 1.47% over the past 24 hours, 16.14% over the past 7 days, 161% over the past 30 days and 263% over the past 90 days.

Blockchain

As such, 0Chain has the enterprise market as its main goal and has created a blockchain built from the ground up that can deliver thousands of transactions per second and even free transactions with a high level of security and decentralization.

Mine

If this all sounds interesting you can watch our video that goes into more depth, or simply dig in below as we examine the details behind 0Chain.This, along with the way 0Chain splits up the workload for storing blocks and reaching consensus yields a lightweight network with faster transaction speeds.

Network

Morpheus Labs provides a great platform for adoption; developers and enterprises now have a one shop stop to seamlessly leverage and integrate 0Chain storage network into various apps and use cases.”  – Mo Siam, COO 0ChainWe look forward to leverage and expand this infrastructure through our partnership with Morpheus Labs as we expand into Asia.

Support

API3’s Airnode allows this all to take place without having to trust third-party node operators (or hardware enclaves with documented vulnerabilities) with the data, and its GDPR compliant design is complementary to 0Chain’s focus on privacy and security compliance.Giving all smart contract platforms that are supported by Airnode access to 0Chain’s decentralized storage protocol will allow the creation of dApps using 0Chain as a high performance storage layer.

Transactions

0Chain has the enterprise market as its target, and with partnerships already in place with Oracle, Amazon Web Services, Coresite, and Cogent they are well on their way.That’s because 0Chain has successfully created a blockchain built from the ground up that delivers fast finality, thousands of transactions per second, and free transactions without sacrificing the security and decentralization offered by blockchain technology.

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How can miners or other service providers get involved in the 0chain network?

PC: We welcome all miners, sharders, and blobbers to reach out to us via our Telegram channel or directly at [email protected].Service providers are best to contact me (Phil Castillo), our CRO, at [email protected] and can learn more about us at www.0chain.net.

How do I buy 0Chain?

It is not possible to buy all cryptocurrencies with U.S.dollars.Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S.dollars using Coinbase or BlockFi.Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including 0Chain.

How Is the 0Chain Network Secured?

When it comes to the security of the 0Chain network, Sybil protection is used, with nonlinear proof-of-stake and DDoS protection with multiple leaders.

How Many 0Chain (ZCN) Coins Are There in Circulation?

When it comes to 0Chain (ZCN) coins, it has a current trading volume of $1,181,566 USD.The market cap of 0Chain is at $35,506,462 USD.Its circulating supply is at 48,400,982 ZCN as of February 2021, with a maximum supply of 400,000,000 ZCN coins.

How Many 0Chain Coins Are There?

There are currently 48,400,982 0Chain coins circulating out of a max supply of 400,000,000.

How Much Did 0Chain Raise?

The 0Chain ICO (initial coin offering) raised $39,000,000 USD by selling 27857142.85714286 0Chain tokens at a price of $1.40 USD.The 0Chain ICO began on February 17, 2018 and ended on February 17, 2018.Key team members during the 0Chain ICO included Saswata Basu, Thomas Austin, and S Kombai.

If widespread/mainstream adoption of blockchain is the goal, what do you see are the important next steps to achieve this within businesses and other enterprises?

PC: Blockchain by itself as a transactional system has some interesting 1.0 use cases in supply chain tracking, collapsing financial processes, and a few others.

What coins are similar to 0Chain?

The following coins use 0Chain’s
Delegated Proof-of-Stake
algorithm and proof-type: WAX, Metaverse Dualchain Network Architecture, LiquidApps, BeatzCoin, Centric Cash, YAS, Nokencoin, Ndau and Ace Entertainment.

What do you think about the 0Chain today?

Let us know by clicking the given button.

What hashing algorithm does 0Chain use?

0Chain is a coin that uses the
Delegated Proof-of-Stake
algorithm.

What Is 0Chain (ZCN)?

0Chain is a decentralized storage platform founded in July of 2017 with the aim of providing data privacy, protection and even private sharing.0Chain’s main aim is to help businesses achieve GDRP and CCPA compliance and transparency with zero liability.The main customers are developers and enterprises due to the fact that it offers a single source of truth for documents and a better way to protect data with high performance and no risk.

What Is 0Chain's Price Today?

0Chain (ZCN) is trading at $1.16 USD, increasing by 16.13% since yesterday.0Chain has traded $1,147,369 USD in the last 24 hours.

What is 0Chain?

0chain will provide a zero-cost, fast finality, infinitely scalable blockchain for web and IoT applications, essentially
providing a zero-cost decentralized cloud.0chain enables current dApps to move their off-chain code and data onto our
decentralized compute and storage platform.

What is 0chain?

0chain is a fast, flexible, free dCloud for a dApp on any chain.Underlying technology is a 2D Byzantine DPoS consensus protocol (2D-BPoS) with sub-second finality, a fast high-security storage protocol, a self-forking protocol to create a chain for a specific app or vertical, an inflation protocol to manage zero cost with 1% inflation, and infinite scalability with parallel chains.

What is 0Chain?

0chain is a free decentralized scalable cloud platform, that offers sub-second finality, and self-forking capability to support multiple chains specific to an application, vertical, or geo-location.It provides a zero-cost, fast finality, infinitely scalable blockchain for web and IoT applications.ZCN is an Ethereum-based token that powers 0chain platform.

What is the Reddit page for 0Chain?

The official Reddit community (subreddit) for 0Chain is r/0chain.

What is the salary like at 0Chain?

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What is the value of 0Chain?

One 0Chain (ZCN) is currently worth $1.16 on major cryptocurrency exchanges.You can also exchange one 0Chain for 0.00002100 bitcoin(s) on major exchanges.The value (or market capitalization) of all available 0Chain in U.S.dollars is $56.23 million.

What Makes 0Chain Unique?

0Chain is unique in the way through which it tackles one of blockchains biggest issues, scalability.It addresses this in two ways.The first is through storing data off-chain, which in turn avoids congestion issues that arise from too much data being stored and accessed, and the second is due to the fact that it separates this data storage from the tasks of reaching consensus and form block storage.

Where can I get 0Chain wallet?

0Chain produces its own wallet software that is available for download on its website, which allows you to store 0Chain on your computer.For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X.If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

Who Are the Founders of 0Chain?

The founders of 0Chain are Saswata Basu and Tom Austin.

History of 0chain