What is Zap?

Zap is a cross-chain, multifunctional, decentralized finance protocol based on Binance Smart Chain and Ethereum. BSC is a blockchain network that works on dual-chain architecture and empowers users to set up their decentralized apps. The asset gives important infrastructure created to power the coming wave of decentralized applications (DApps). Platform users can swap tokens, mint NFTs, earn rewards by validating oracle data feed, and create funds with customizable bonding curves. Minting is a method of producing coins for circulation or sale to collectors. The mission of the Zap protocol is to democratize tools that humanize complex smart contract technologies on the blockchain. Moreover, the currency's products are intended to be disruptive and bring change with the suite of DeFi services.

In addition, the ZAP miners have built an oracle system where parties request the value of an off-chain data point, and miners take part in adding this value to an on-chain data bank, attainable by all DApps on BSC. Off-chain transactions occur outside the blockchain, whereas on-chain transactions occur on the blockchain. Stake miners secure the inputs of the data bank of these blockchains. The Zap protocol uses a crypto-economic incentive system where direct data submissions by miners are rewarded and bad actors are punished through the issuance of ZAP, the governance token of Zap. As mentioned on the website, the network marketplace can create, trade, and purchase non-fungible tokens. Moreover, the currency seeks to bring the decentralized exchange in order to help users trade assets securely and quickly with low fees.

Additionally, the Zap protocol is an access method, i.e., utilized by developers and by new individuals who don't hold any experience or resources to become the architect of their blockchain. The currency is simple, powerful, and effective.