What is Zano?
Symbol: ZANO · Market cap rank: #219
Short answer
Zano (ZANO) is a cryptocurrency currently ranked #219 by market capitalisation.
Source: isthiscoinascam.com
Overview
Zano is an open-source layer-1 cryptocurrency launched with a focus on privacy, security, and scalability. It serves as a platform for confidential assets and decentralized applications, allowing users to create privacy tokens on its blockchain. The Zano network ensures untraceable transactions through technologies such as d/v-CLSAG Ring Signatures and Stealth Addresses, safeguarding user data and transaction amounts.
The project features a deflationary supply model, as all network fees are burned, potentially leading to a reduction in supply over time. Zano's technical architecture incorporates Bulletproofs+ technology for efficient proof generation, supporting the secure concealment of transaction amounts. This model aims to minimize sell pressure in the market while retaining manageable daily emissions from block rewards.
Scam-risk analysis
Zano is rated CCC on isthiscoinascam.com. Is Zano a scam?
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