Topic: [ANN] ZVChain (ZVC) Mainnet Launch - DeFi Economy is here (Read 1472 times)

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Whitepaper for ZVChain : The Chiron Protocol
https://www.zvchain.io/zvChainWhitepaper.pdf
Participate in our Main Network
https://medium.com/zvchain/zvc-official-mainnet-launch-defi-economy-is-here-cosmic-reward-ii-c39c40b3b62f
Create your Delegation or Join Others
https://medium.com/zvchain/zvchain-pos-staking-create-your-delegation-or-join-others-175-250-stable-block-reward-2ad4ecd001bb
Borrow Staking Rights
https://medium.com/zvchain/zvchain-genesis-staking-program-new-pos-staking-highlights-2e821e941e72

What is ZVChain

ZVChain - a foundational open source DeFi network is a high-security and high-performance specialised financial public chain that uses an energy-efficient chain-based hierarchical routing protocol, Chiron, which integrates the top two cryptographic cutting-edge technologies - VRF (Verifiable Random Function) + BLS (Boneh–Lynn–Shacham) consensus algorithm. It will also inherit this robust protocol-level consensus algorithm to provide a dual accounting system that complies with traditional financial logic and its vision is to build a Decentralised Finance Ecosystem for businesses and to simplify their business interactions in the future.

ZVChain was upgraded officially from TASchain, with over a year of blockchain development work. Our test-net is currently operating at https://developer.zvchain.io/ with main-net scheduled to be launched in September 2019.

As a specialised financial public chain, it has an extremely secure featuring complex encryption algorithms to protect data, and deploy as on-chain Zero-Knowledge Proofs. Many blockchains are not suitable for financial use, because they cannot be secure, scalable and maintain high performance concurrently. ZVChain will work with existing partners and projects together to achieve decentralised financial ecosystem on chain. Learn more about us to find out our competitive advantage in this space.


Technical Specifications

Consensus Algorithm: Chiron ( PoS built with VRF+ BLS )
Total Supply: 5,000,000,000
Block Time: 3 Seconds
Mining reward: 80 ZVC per block production
Privacy: Semi-Homomorphic Encryption + BulletProof


Benefits of ZVChain

• Enhanced Security with P2P (Peer-to-Peer) NAT (Network Address Translation) algorithm being put forward and led the existing NAT network penetration rate to upgrade from 30% to 95%.
• Powerful Technology using the VRF (Verifiable Random Function) + BLS (Boneh–Lynn–Shacham) consensus mechanism to build a highly secure, high-performance and cost-effective decentralized clearing and settlement system.
• Robust Infrastructure in which a Modular Middleware is being developed and it enables faster establishment of financial applications on the chain through cross-chain technology.
• Improved Privacy through a Dual Accounting System, where it complies with regulatory bodies and enables censorship-resistant transactions.

Chiron

Block creation is via two ‘mining pools’, a proposer and validating group. Members of this group are chosen by random via the Verifiable Random Function (VRF). The proposal group proposes blocks  to the Validating group, which then validates blocks before broadcasting this block to the blockchain. Hence, at any one time, only one validator group is creating blocks for a random amount of time. As participants of these groups are random, it requires an attacker to own at least 95% of all nodes in the network. The implementation of the BLS threshold signature scheme guarantees that blocks will be created consistently, providing constant uptime. A linear relationship between rewards for staking nodes disincentives malicious nodes, protecting the network.


What can you do with ZVChain & ZVCoin (ZVC) ?

ZVChain is a financial blockchain that serves to allow enterprises to build financial applications on top of the main chain.
These are the services that you can expect from ZVChain:

ZVWallet: An easy to use app to allow consumers to easily transfer assets peer-to-peer allowing cross border remittance.
Asset Tokenization: Physical assets can be tokenized on the ZVChain platform.
Supply Chain Finance: ZVChain will act as an intermediary between Supplier and Buyers, providing buyers credit to purchase goods from a supplier on their behalf. This allows buyers to purchase goods on a lower credit term and suppliers to quickly receive working capital. Transaction costs will be distributed to participants in the network.
Financial Leasing: Financial Leasing companies can purchase assets on the blockchain on behalf of their clients, and the clients can make recurring payments for the assets purchased while still enjoying ownership of the asset.
Cryptocurrency fund: Fund managers can deploy cryptocurrency hedge funds on ZVChain.
Credit & Lending: Individuals can use ZVChain to provide liquidity to lenders. Lenders can lock their collateral directly onto ZVChain.





Roadmap