ZenCash - Insight into its White PapersteemCreated with Sketch.

in #cryptocurrency8 years ago (edited)

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Zencash a Fork of ZClassic have released a small snippet via mailing list email
https://zencash.io/?utm_source=Zen+Cash+Updates&utm_campaign=35aa416d12-Zen+Newsletter+17.05.09&utm_medium=email&utm_term=0_d60b1a11f5-35aa416d12-91107779

Thank you for joining the ZenCash community!

Dear Zen Contributors,

We wanted to drop you a note thanking you for joining the Zen Community. Needless to say, we’re excited to have you…

…And as a token of gratitude for being an early contributor to our movement, we’d like to give you access to a piece of our white paper: The Purpose of Zen.

Zen is a collection of products, services, and businesses built around an enabling tech stack employing zero-knowledge proofs and a core set of beliefs. As a distributed blockchain system leveraging the latest censorship-evading techniques, fully encrypted communications, and a social and governance model designed for long term viability, Zen will contribute to the human right to privacy and provide the necessary networking infrastructure for people to securely collaborate andbuild value within a borderless ecosystem. Our mission is to integrate the latest technologies available post-Satoshi with a decentralized, voluntary, and peaceful set of social structures to improve life for anyone who wants to participate. We believe that this is an idea whose time has come.

Zen’s framework is a secure, privacy-oriented infrastructure with a governance system structured to enable participants to collaboratively extend functionality in many dimensions. Opportunities include hosting of individual identification data, selective proof of title for property, decentralized banking services, privacy-preserving p2p/b2b asset exchange, mutual aid societies, p2p insurance, decentralized humanitarian aid mechanisms, or use purely as an anonymous token of value. These functions can be utilized to serve disenfranchised populations currently excluded from vital services such as banking and healthcare due to lack of identification, capital, and secure channels. They can also be leveraged by individuals who desire to take ownership over and monetize their private data, or by enterprising communities that wish to develop a competitive bidding system on internally generated solar energy. The unique implementations are unbounded, the common link being the belief that decentralization is the engine of moral progress, and that voluntary solutions are the most creative and enduring.

The full document will be released soon. Stay tuned… Maybe you’ll be the first to know.

Cheers,
Jane.hk
ZenCash Founding Team, DAO Officer