What Is 0Chain (ZCN)?

0Chain is a decentralized storage platform based on blockchain technology, with established data security measures. The platform offers great performance, verifiable SLAs (service level agreements), and a choice of providers for all corporate-level applications. 0Chain is suitable for businesses who seek to comply with new privacy requirements and alter their security protocols.

0Chain platform helps users to maintain their data privacy compliance, to continuously protect user data, and to securely share them. Using erasure coding technology and having an immutable ledger, the network claims that 0chain is impossible to breach due to its integrity, allowing disputes to be resolved and audits to be completed. Additionally, the platform facilitates secure data sharing among customers, partners, internal groups, and employees.

According to the whitepaper, 0Chain's blockchain aims to achieve high speed, scalability, and security for a storage platform with parallel processes and role separation. 0Chain breaks down the traditional mining into four roles—miner, sharders, blobbers, and validator—so that data is scaled independently. On the platform, miners validate transactions, sharders store blocks, and blobbers accumulate unstructured data.

ZCN is the governance token of the 0Chain network. ZCN value is dependent on stored information, speculative demands, and locked/staked tokens, unlike stablecoins.

0Chain employs a non-linear proof-of-stake (NL-PoS) staking strategy. The platform uses the strategy to encourage miners to concentrate their tokens to have a greater possibility of contributing to the network. With multiple wallets and stake pooling techniques included in the network, 0Chain looks forward to improving overall security.

History of 0Chain (ZCN)

Swasta Basu is the founder of the 0Chain network. Thomas Austin is a cofounder. The whitepaper was released in April 2020. 0Chain tokens have a total supply of 400 million ZCN coins.