Zen Protocol – I’m probably too dumb for this shit

  • By :
  • Category : ICO

So I’ve been looking at Zen for the past few months. From a tech perspective (which I have little) I thought it was pretty cool. However, what I’m not actually able to do or figure out is how it fits in to the current landscape and who to compare them with. I read somewhere the Bancor is one of the platforms close to them, but it’s hard to tell. I’m probably just too dumb to understand this one.

Zen is trying to create a decentralized financial platform for creating digital assets. This would allow anyone to create a digital asset for trade as long as they had access to an oracle and the underlying. The user could create the contract and then other people could come and put their assets up for trade and use the contract themselves. The platform is going to have smart contracts, is written in F* and also can do a ton of things similar to what Ethereum does. It’s connected to Bitcoin, which acts as the settlement layer.

All of this is pretty cool. Maybe it’s going to be big. I can’t just can’t wrap my head around it. Most of the other review sites have just copy pasted rewritten a lot of what’s in the WP, so they are not very helpful. I try to keep things simple here, but I failed when it came to this one.

They are raising a huge amount of funds, something like 10,000 BTC. We will see if they get close to that, especially when BTC is at 11k today.

I’ll come back tomorrow and add another entry to follow up to this, but if someone wants to take a crack at explaining it better to me, please do.

No Comments

Leave a Reply

Your email address will not be published.

Current – Believe the Hype for the Aggregated Music App

Who are you? What makes you, you? From a human perspective, you are a body, a soul, a mind. But what about to a computer? A computer cannot see, feel, or know what it’s like to be a human. Instead, you are your data history. What webpages did you interact …

VideoCoin – The Airbnb of Video and VR distribution

 VideoCoin – ICO Report Designed to be the Airbnb of Video and VR distribution, VideoCoin intends to create a decentralised peer-to-peer network for the encoding, storage and content distribution, running on its blockchain protocol, with its native token.  Their vision is to turn all cloud-­based video services into an efficient …

Cool Cousin is Creating a Decentralized Travel Ecosystem

Check out the AMA with Sam Cool Cousin’s COO and CTO I spent the month of November in Tel Aviv, and upon arrival, a friend introduced from Brazil that I met while living in Berlin introduced me to a VC at OurCrowd, one of Israel’s biggest firms. I mention how …