
Is this the Blockchain that will take the mainstream by storm?
Zen Protocol claims to be the first system to fully decentralize finance and create contracts affected by real world events.
If you haven’t read a tech publication in the past six months, you’d be forgiven if you hadn’t known about the latest investing trend, ICOs. While blockchain is a term we’ve been hearing thrown around for years, only lately has it really been picking up speed, with more and more startups starting to show what they have to offer when it comes to this new technology. This was of course amplified by the creation of Ethereum, kind of like Wix for blockchain, allowing anyone to build a blockchain app (or dApp for decentralized app), without actually needing to build a blockchain. All these startups have been raising money in a new method called ICOs, Initial Coin Offerings, basically a cross between cryptocurrency, venture capital, and crowdfunding.


According to Zen, the protocol utilizes contracts that never exhaust network resources and are always correct, meaning they can be utilized with real world assets, and not just blockchain related assets like previous smart contract platforms (namely, Ethereum). This means you can create interactions between stocks, commodity, and options easily with the blockchain. Miners also know in advance how much computing power will be required to verify each contract, which makes the contracts execute and transact faster than any other platform, or so the company says. According to the team at Zen, they are able to accomplish this by using F*, a new kind of functional programming language.

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