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Your email address will not be published.

Remme – Making Hacks Obsolete With the Blockchain

If you haven’t already go over to haveibeenpwnd and check to see if your email is associated with any major hacks and leaks over the past several years. For those of your using the same passwords, it can come back to haunt you or your ICO (Enigma). For most attacks …


I asked my telegram group what coin they wanted me to check out and Vinnd topped the list. I’m not sure why really. Everything about this token screams that it is a scam. I’m not going to go too in-depth here, but let me run through the list. Blatantly a …

Props – A Token to Reward Your Favorite Video Content Creators With

It’s hard to fight the big giants of tech, Google, Apple, Facebook, Netflix. So anytime I see an ICO coming out which is trying to “change,” “disrupt” or “revolutionize” some part or all of the giant’s lair is full of shit or doesn’t understand the industry.  The simple fact is …