(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.)
We "safely" made it into 2023, but markets are in turmoil. In recent months FTX went bankrupt, SBF was indicted, Genesis is on the verge of bankruptcy, BTC miners are going bankrupt, and many VC backed crypto projects are folding up shop (google it). In spite of all the market uncertainty, Zenon Network continues to build. How can that be?
Zenon Network, the Network of Momentum (NoM), is a community run project that was launched with no pre-sale, no insider / team allocation, and no VC rounds. Community members who contribute and add value to the network can request funding through the on chain funding mechanism called Accelerator Z. Awards are granted in the native tokens called $ZNN and $QSR.
We are a distributed group of builders, marketers, artists, shitposters, memers, and trolls who are here to build a decentralized Layer 1 blockchain that interoperates with Bitcoin. And so long as our community stays together to build the network, market conditions should not impact us.
This article will summarize some of our latest achievements in case you missed them.
Community Development Updates
On December 20th, 2022 Mr. Kaine explained NoM in more detail to the community on Telegram. You can read the entire dialogue in the post below. I found the following points interesting:
- Consensus is the most important part of a distributed network. A simple and robust L1 with minimal features will always outperform over-engineered and complex designs that try to accomplish too many things at once. Therefore, NoM will not implement a smart contracting on the Layer 1.
- Unikernels and ZK rollup solutions that support Turing-complete smart contracts can be implemented on top of NoM in Layer 2 or 3 solutions.
- NoM has a dual ledger system which decouples consensus from chain weight. It appears we will add chain weight (Proof of Work) through both ASIC miners and CPU miners. I believe ASIC miners will be used to add chain weight and CPU miners will be used to distribute chain weight. Let's see how this plays out in 2023.
Several community developers are working on implementing Hashed Time Locked Contacts (HTLC) and Point Time Locked Contract (PTLC). We have working code for go-zenon and several SDKs are being upgraded to work with HTLCs. Once implemented the community can develop a peer to peer exchange where tokens can be exchanged between buyers and sellers without a trusted intermediary. And we can upgrade Syrius to allow for peer to peer exchange right in the wallet.
Sumamu held an AMA about the trustless bridge on Twitter. You can read that discussion here: https://twitter.com/su_mamu_/status/1599960122515521537
Dr. Blaze is working on a native mobile wallet. That dude does not say much, but he appears to be working. Here is a link to the figma files showing the design progress. https://www.figma.com/file/BmmfUT2DOiLzweeMfcLCse/App You can join the discussion below on this forum post.
There is a lot of activity around the Syrius wallet. Developers are writing Github actions to auto generate releases. Others are refactoring the code, implementing a Syrius tray icon, updating dependencies, and fixing bugs in the UI/UX. You can join these discussions here:
The community has delivered on the SDKs. Most SDKs are done. However, we are looking for a developer to work on a C/C++ SDK. If you know someone interested in developing the SDK in C/C++ please share this link on how to apply for a grant. https://forum.zenon.org/t/zenon-network-grants-hyperspace-x-accelerator-z/439
Current areas of addition research and development include:
- The New NFT Standard: when cryptography meets steganography
- Dynamic plasma
- Public testnet
Community Marketing Updates
On the marketing front an experienced team is working on the new community website zenon.org. This team is heavily involved in the NoM community and was responsible for developing the THORchain.org website. You can see some of their recent updates to the development website below. In addition, they are building out an attribution system to accelerate awareness and growth.
Our community member shazzamazzash delivered three very important marketing projects.
- Long Form Presentation on Zenon Network
- Short Form Presentation on Zenon Network for VCs
- Zenon Improvement Proposal framework
DexterLabZ is building an Incentivized Marketing Platorm as outlined in this forum post.
Our based community member Zyler continues to write articles on Medium.com about Zenon Network. Here are his two more recent articles:
And finally our artists continue to support the community with high quality work that never stops. Check out some of the AI renderings and other amazing art produced by the community. Too many to name, but you know who you are.
- Jan 9, 2023: Add reference to Zyler's marketing efforts on Medium.com