ZenonOrg is the organization behind Zenon Network, a Layer-1 blockchain platform designed to enhance scalability, security, and decentralization. The network introduces a dual-ledger architecture, combining a block-lattice for individual account chains and a meta-DAG for consensus, enabling asynchronous transaction processing and linear scalability as the number of nodes increases.
Zenon Network employs a hybrid consensus mechanism that integrates Proof-of-Work (PoW) and Proof-of-Stake (PoS) to secure the network. This approach supports the development of zApps—applications that leverage advancements in zero-knowledge proofs and unikernel design to offer enhanced security, privacy, and speed compared to traditional decentralized applications.
The network operates with two native tokens: Zenon (ZNN) and Quasar (QSR). ZNN is utilized for governance and securing the network through node operations, while QSR is used to spawn network nodes and facilitate feeless transactions by fusing into Plasma, an anti-spam mechanism. ZenonOrg's commitment to decentralization is evident in its fair launch, with no presale, premine, or insider allocations, aligning with the principles of the Bitcoin ethos.
