Zen Protocol is a smart contract protocol that is run and secured by the Bitcoin blockchain.
İt’s core functionality is to be able to write smart contracts on this platform using a fully-featured functional programming language that is designed for program verification. This means you can make smart contracts on this protocol and embed them into Bitcoin Blockchain so that it can publicly verified and enforced by the security of that blockchain.
Zen allows its users to trade independently using the contracts that issue them. Assets can be contracted and used on the Zen platform. Writing smart contracts on this platform is fairly easy thanks to its easy to use user interface.
Zen recognizes that certain functions are extremely common on a smart contract platform: creating and transferring assets. That’s why Zen has first class tokens, in other words assets that can be held and transferred by users without interacting with the contracts that issued them. This is a significant step forward in usability and compatibility from platforms which implement tokens as a second-layer protocol: with Zen, new assets are automatically usable by any existing or future contract.
Zen protocol leverages Bitcoin blockchain and the founders are clear on the fact that they are not competing with Bitcoin and they are actually leveraging Bitcoin blockchain’s security to make Zen platform possible. Each Zen node on the platform is also connected to Bitcoin blockchain so it works great as Bitcoin.
Zen’s smart contracts are guaranteed always to execute without failing. The innovation is in requiring that contracts carry proofs that they finish running within a certain amount of time—something only possible with an advanced system for formally verifying programs. Instead of doing any computation, Zen can do any computation which provably succeeds in a reasonable time limit.
Adam is a finance grad from the IDC, an Israeli army reservist, and an old hand in Bitcoin. He’s known it was going places since the day he first heard about it, way back in 2011.
Nathan is a former maths postgrad, originally from England. If he had to describe his job these days, it would be “taking part in capital bringing itself into existence”.
Sharon is a highly skilled and experienced systems engineer.
Zen Protocol seems to be a ambitious project related smart contracts. It resembles Rootstock as it also uses Bitcoin blockchain and two-way peg. The team looks great and the product seems solid. Worth checking out!