Zen refers to an end-to-end encrypted mechanism which has zero knowhow technology. Here, data, values and communications can be stored safely and transmitted securely. So, it is a blockchain system and Zencash refers to a zero-knowledge cryptographic token that will protect the users from traffic correlation analysis. As the nodes are hidden on the Zen network, therefore all transactions are private and anonymous.
Zen platform offers many features that are beyond the transactions. It has features which provide for sharing of files, publication of documents, encrypted business activities and economy, fully-encrypted communications etc. It is the world’s first distributed, private and trustworthy platform for transactions and communications.
Zen uses transparent shielded transactions for private transactions; offers one-to-many communications on blockchains. It also offers distributed messaging features for carrying out anonymous transactions worldwide. Zencash also makes sure that there is no metadata leakage. So the system has been designed to mainly focus on obscurity and privacy.
Zencash offers identification data hosting, decentralized banking solutions, mutual aid societies, simple uses as anonymous token values, P2P insurance etc. The main idea is to create a secure and private platform which can carry out instantaneous communications and transactions. The secure nodes will constitute the basis of a resilient network for accessibility on a global scale. These platform nodes will provide for network obscurity and totally encrypted communications so that end-user activities are completely protected.
Zero-knowledge proof makes it possible to maintain complete confidentiality in economic activities between receiver and sender. So, all data relating to the transaction amounts or transaction date, sender and receiver will never be disclosed. Zen makes it possible for users to store their files securely and send messages anonymously and globally. So, this can be used by anyone for anonymous transfers. Unlike technologies such as Tor which will not guarantee permanent storage, Zencash allows users to store data permanently.
Zencash was started to provide secure and anonymous money transfers. It makes use of zero-knowledge proof to make person-to-person communications secure with Zencash. This is a revolutionary concept in the world of cryptocurrencies. This cryptocurrency will take the very best features from all existing cryptocurrencies such as Bitcoin and then add resilience to it. It consolidates this by introducing secure nodes, secure communications and continuous governance for constant improvements. So, Zencash is one currency which is destined to grow and develop in the future years.
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