Zel (formerly known as Zelcash) as a cryptocurrency occupies a core position in the Zel ecosystem. The development of ZelNode can motivate users to create ZelDex and ZelDev platforms, allowing us to build a truly decentralized development platform. Zelcash can be mined and distributed fairly. ZelNode is growing rapidly, and Zelcash holders can get part of the rewards by developing ZelNode. As a means of transaction in the Zel ecosystem, Zelcash will become a key part of the Zel ecosystem.

Project Introduction

Zelcash is the enabler of the Zel Foundations project who brought Zeldev to a truly decentralized open source and free development platform. Not only will Zelcash allow value to be traded, but it will also encourage users to host Zelnodes (masternodes) to ensure the security of the network and allow blockchains such as major Ethereum to run fully on POS. This Ethereum-like blockchain is the backbone of the ZelDev platform. This will allow the freedom to create decentralized applications (DAPPS) and create smart contracts that are free and open to everyone. The Zelnodes network also allows running other blockchains (sidechains (but not actually sidechains)), such as the Zel ID chain.

Zelcash not only relies on zero-knowledge proof to provide private and anonymous transactions, but also will release a cross-chain decentralized development platform. Utilizing two chains of Equihash and ETH algorithms, we will combine the advantages of both.

Project Highlights

ZelCash adopts the Zk-SNARKs protocol to ensure user anonymity. Zelcash uses Z_transaction technology to completely hide addresses and transaction quantities.

•ZEL has a powerful ecological trading mechanism, and ZelCash is the core of the ecology.
•Strong development team, founder Miles Manley created ZelCash at the age of 15.
• The code update speed is fast.
• Powerful and smooth ZelCore wallet, in-depth cooperation with Binance, supports storage and transactions of 140 currencies.

Technical advantages

ZelCore platform (formerly known as: ZelTreZ)
The emergence of ZelTreZ stems from the team's desire to have a better wallet platform than the current open source field. Zel set out to develop a lightweight full node wallet that simply includes Zelcash. It is designed so that users can choose the features they need. Through the beginning of this development, we became aware of the potential of this platform, and as a result, the idea developed and flourished into what it is today. ZelTreZ is now a multi-asset wallet, offering users the choice of lightweight and full nodes.

Zel ID
Zel ID is an authentication system designed to enable users to maintain complete control over their digital identities. It has the potential to allow users to keep possessions, health records, and other information on a decentralized, encrypted network, rather than on paper or in a central server; this will give users control over their information and privacy, and this Just what our current digital world lacks.

ZelPay
ZelPay is a simple and essential software that can be used for store point-of-sale terminals as well as website plugins. ZelPay is designed to provide ease of use and transparency for users, and offers businesses free or 1% transaction fees.

ZelDev
ZelDev is designed for developers to make blockchain work simple and easy to operate.

ZelChains
Both the ZelDev main chain and ZelChains (side chains) are blockchains that will run on the ZelNode network. To achieve true decentralization in a scalable way. Computing resources are guaranteed to be available within the total number of ZelNodes staked on the Zelcash network. This enables other resource avenues to be opened up when one or more ZelChains are saturated, and will substantially increase the total transactions that Zel can potentially process per second.

ZelDex
ZelDex is built on top of the ZelDev network as a showcase of its capabilities. The interface will be designed to be simple and easy to use, yet complex enough for advanced users. With direct integration into ZelTreZ, as well as being a standalone web and mobile platform, ZelDex aims to be the first mass-adopted Dex in the space.

Dapp Store
The ZelDapp store will become the central hub of decentralized applications and some centralized applications, with low barriers to entry and certain rules and regulations to ensure its legality. The app store is designed to allow developers to reach a large user base on a cross-platform solution. ZelTreZ acts as a sandbox for these Dapps to run inside, enabling faster entry and development time without having to wait for approval from certain companies.

Related Links:

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