Zenon is an innovative blockchain project launched in 2019 with a unique BTC Proof-of-Stake (PoS) model, aiming to integrate advanced technologies and achieve high scalability. Here’s an overview:
Initial Distribution
- Launched on Bitcointalk in 2019.
- Utilized a unique BTC PoS model.
- Validators staked BTC for a year, operated infrastructure, and received their BTC back along with Zenon token emissions.
- Emissions were redistributed via centralized exchanges (CEX) and over-the-counter (OTC) methods.
- Participants could earn additional staking emissions.
Zenon Alphanet (2021)
- Introduced a dual ledger system combining block lattice and meta-DAG for high speed and scalability.
- Features a feeless base layer secured by dual consensus (PoS and Proof-of-Work – PoW).
Decentralization and Development
- From 2021, the project has been progressively decentralized.
- Now developed and maintained by a high IQ community of dedicated cypherpunks (IQ 130+).
- Original developers have moved on or integrated into the community under pseudonyms.
Technological Integration and Milestones
- Designed to integrate emerging cutting-edge technology.
- EVM enabled; extensible to any runtime.
- Major roadmaps milestones include Narwhal & Tusk, unikernels, mobile wallet, and certifications for Google and App Stores.
Flagship dApp – Syrius Wallet
- Available on Github (link via Zenon Network).
- Offers feeless transfers and fully integrated trustless atomic swaps.
- New users can experience the network completely free, with tokens provided upon request.
Current Status
- The project has a market capitalization of $7M.
- Embodies a strong cypherpunk ethos, native BTC PoS launch, and a dedication to decentralization.
- Aims to address Bitcoin scaling issues.
- Zenon represents a strong, community-driven project with the potential to significantly impact the blockchain space.