The Zenon Network, also known as the Network of Momentum (NoM), is a feeless, dual ledger, Layer 1 blockchain. The initial distribution and decentralization phase was launched in 2019 with a unique BTC staking launch. The Zenon Network DAG was launched in 2021 with several key innovations aimed at enhancing speed, security, and decentralization.
View the full whitepaper in jpg format
Download the full white paper pdf (March 31, 2019)
Key Features and Architecture
Dual Ledger System: The network employs two types of ledgers – a block-lattice and a meta-DAG. Each user has an independent account chain within the block-lattice, which is designed to handle actual transactions, such as sending and receiving funds. The meta-DAG ledger manages consensus through a virtual voting algorithm, with “Momentums” confirming account blocks every 10 seconds.
Feeless Transactions: Transactions on the Zenon Network base layer are feeless, which enables limitless economic schemas on the Network of Momentum.
Dual Coin Economy: Zenon operates on a dual-coin economy with ZNN and QSR tokens. ZNN is required for network consensus, securing the network, and participating in governance. QSR, on the other hand, is used for spawning network nodes (Pillars and Sentinels) and fusing Plasma for high-throughput, feeless transactions.
Participation and Incentives: The network incentivizes various participants such as Pillars (validators), Sentinels, Stakers, and Delegators. Pillars validate transactions and participate in governance, while Sentinels and Stakers secure the network. Delegators support Pillars by delegating their ZNN tokens, influencing their ability to produce Momentums and earn rewards.