Zano (blockchain platform)
| Zano | |
|---|---|
| Original author(s) | Andrey Sabelnikov, Pavel Nikienkov |
| Written in | C++ |
| Operating system | Windows, Unix-like, OS X |
| Type | Cryptocurrency, anonymity |
| License | MIT License |
| Website | zano |
Zano is an open-source cryptocurrency and privacy-focused blockchain ecosystem. It serves as a foundation for confidential assets and decentralized applications (dApps).[1][2]
History
[edit]Zano's Codebase originates from Boolberry, a privacy-focused cryptocurrency built from scratch by Andrey Sabelnikov in 2014.[3] In 2019, Boolberry became the foundation for Zano through a coinswap.[4][5][6] Sabelnikov along with Nicolas van Saberhagen developed CryptoNote, the first privacy coin protocol[7] which later became the foundation for other cryptocurrencies, including Zano, Monero, MobileCoin and Safex Cash.[8][1][9][10][11][12]
In March 2024, Zano implemented the Zarcanum hard fork at block height 2,555,000.[13] Introducing Confidential Assets that enable the creation of privacy tokens on the Zano blockchain, transitioning Zano from a single-asset blockchain to a multi-asset decentralized ecosystem.[14][15][16][17] The Zarcanum hard fork introduced a pioneering Proof-of-Stake (PoS) consensus mechanism that incorporates hidden transaction amounts, which ensures that the exact number of coins being staked remains concealed.[18]
Overview
[edit]Zano's hybrid consensus mechanism combines Proof of Work (PoW) and Proof of Stake (PoS) for optimal security and decentralization. PoW ensures network integrity by leveraging GPU's, while PoS incentivizes a more effective alignment between capital investment and network security.[19][20] This approach mitigates risks like the "Nothing at Stake" problem, making attacks more costly and the blockchain more resilient.[19][20]
Transactions are conducted using d/v-CLSAG Ring Signatures and Stealth Addresses, which obfuscate sender and receiver information, making all transactions on the network private by default. This ensures that transaction amounts, balances, sender and receiver identities, asset types, and transaction histories remain untraceable.[18][19] The way transaction data is stored on the blockchain only allows access by parties who authorized the transactions; none of the private data is ever publicly published.[19] Bulletproofs+ technology that is used in Zano transactions enables the concealment of the amount of coins transferred in a transaction. It employs a secure cryptographic scheme with a set of proofs that are both performance- and size-efficient. These proofs verify that the sum and type of inputs match those of the outputs without revealing the actual amounts involved in the transaction.[16][21]
Zano developed an extension to the Ring Confidential Transactions scheme that enables the transfer of multiple asset types (Confidential Assets) within a single transaction, while concealing both the output amounts and asset types, making it impossible for third-party observers to determine whether a transaction involves the native coin or a synthesized token.[18]
References
[edit]- ^ a b Nelson, Rob (2024-05-13). "Zano emphasizes importance of 'confidential assets' in evolution of crypto". TheStreet Crypto: Bitcoin and cryptocurrency news, advice, analysis and more. Retrieved 2025-06-17.
- ^ Zimwara, Terence (2024-09-12). "Zano and Confidential Layer Partner for Secure, Private Cross-Chain Transactions – Privacy Bitcoin News". Bitcoin News. Retrieved 2025-06-17.
- ^ "ZANO mining using the new ProgPoWZ algorithm". cryptoage.com. 2020-04-23. Retrieved 2025-06-17.
- ^ "ZANO mining using the new ProgPoWZ algorithm". cryptoage.com. 2020-04-23. Retrieved 2025-06-17.
- ^ "Is True Blockchain Privacy Achievable?—Andrey Sabelnikov on CryptoNote's Role in Securing Transactions". CCN.com. 2025-03-13. Retrieved 2025-06-17.
- ^ Bodh, Tanishq (2024-11-21). "Inside Zano : Insights from Co-founder Pavel". Our Crypto Talk. Retrieved 2025-06-17.
- ^ "Zano, privacy L1, partnered with Cake Wallet to enable easy access to privacy coins". cryptodaily.co.uk. 2025-02-06. Retrieved 2025-06-17.
- ^ "Part II of The Future of Zano & the Cryptonote Protocol w/ Andrey Sabelnikov | EPI 307". www.audacy.com. Retrieved 2025-06-17.
- ^ "Forkmaps". forkmaps. Archived from the original on 2018-08-04. Retrieved 2025-06-17.
- ^ "Signal Adds Payments—With a Privacy-Focused Cryptocurrency". Wired. ISSN 1059-1028. Archived from the original on 2021-04-08. Retrieved 2025-06-17.
- ^ Yu, Jiangshan; Au, Man Ho Allen; Esteves-Verissimo, Paulo (2019), "Re-thinking untraceability in the CryptoNote-style blockchain", IEEE CSF 2019, archived from the original on 2024-08-04, retrieved 2024-10-18
- ^ Torres, Wilson Alberto; Kuchta, Veronika; Steinfeld, Ron; Sakzad, Amin; Liu, Joseph K.; Cheng, Jacob (2019), "Lattice RingCT v2.0 with Multiple Input and Output Wallets", ACISP 2019, archived from the original on 2025-01-29, retrieved 2025-06-17
- ^ "CoinEx prendra en charge la mise à jour du réseau ZANO et MATIC". Centre d'annonces CoinEx (in French). 2024-05-22. Retrieved 2025-06-17.
- ^ "Exploring the Technological Advancements Behind Zano Coin". www.coinex.com. Retrieved 2025-06-17.
- ^ "Zano Launches New Ecosystem - Zarcanum". The Malaysian Reserve. 2024-03-20. Retrieved 2025-06-17.
- ^ a b Chawaga, Peter (2024-03-20). "Blockchain network Zano announces ecosystem upgrade". TheStreet Crypto: Bitcoin and cryptocurrency news, advice, analysis and more. Retrieved 2025-06-17.
- ^ Zimwara, Terence (2024-03-25). "Zano Blockchain's Hard Fork Facilitates Privacy Coin Creation, Introduces Confidential Assets – Privacy Bitcoin News". Bitcoin News. Retrieved 2025-06-17.
- ^ a b c "Zano: Confidential Assets Scheme for RingCT and Zarcanum" (PDF).
- ^ a b c d "Discovering $ZANO: The Future of Private Blockchain Technology". www.binance.com. Retrieved 2025-06-17.
- ^ a b "Proof of Stake (PoS) - News, Opinion & and Analysis". www.publish0x.com. Retrieved 2025-06-17.
- ^ Peterson, Andy (2018-07-16). "Privacy Coin Monero Successfully Completes First "Bulletproofs" Audit". CCN.com. Retrieved 2025-06-17.
