Zano
ZANO
$8.23
Current Price
+24.79%
24h Change
Info
ZANO
Symbol
$128.32M
Fully Diluted Valuation
$128.31M
Market Cap
250
Market Rank
15.47M
Total Supply
$1.74M
Total Volume
$7.94
24h High
$5.36
24h Low
About Zano
Zano is a layer-1 cryptocurrency and ecosystem designed to offer enterprise-grade privacy, security, and scalability. It serves as a robust platform for confidential assets and decentralized applications (dApps). A standout feature of Zano is its ability to support user-created privacy tokens, leveraging hidden addresses and concealed amounts to enhance security. This capability facilitates the creation of private stablecoins and shielded versions of existing assets, eliminating the complexities associated with managing a separate blockchain. By employing advanced cryptographic technologies like d/v-CLSAG Ring Signatures and Stealth Addresses, Zano ensures that transactions are untraceable, with sensitive data accessible only to authorized parties. The integration of Bulletproofs+ further enhances the efficiency of these proofs, balancing performance with minimal data size. In addition to its privacy-focused attributes, Zano implements a unique economic model by burning all network fees, which could potentially make its supply deflationary as network activity increases. This mechanism, combined with minimal daily emissions, aims to reduce sell pressure on exchanges, fostering a sustainable economic environment. Zano's ecosystem is positioned to integrate into the broader DeFi landscape, offering a secure and private foundation for developers and enterprises. The platform's commitment to privacy and security, coupled with its innovative fee-burning approach, distinguishes it within the competitive landscape of cryptocurrency projects.
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FAQ
Information on this page is provided for informational purposes only and does not constitute investment advice. This is not a recommendation to buy or sell any digital asset or to employ any particular investment strategy. Backpack makes no representation as to the accuracy, suitability, or validity of the information provided.
Certain content is sourced from third parties not affiliated with Backpack. Backpack is not responsible for such content, nor is it liable for any errors, delays, or actions taken in reliance on it. Prices and data are for illustrative purposes only and may differ from actual market values. Digital assets involve significant risk and can fluctuate substantially. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition, and consult your own professional advisors for legal, tax, or investment guidance.
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