/biz/ - Business & Finance

>>23138772
Okay I'm just gonna be generous here and give out the goods for dubs since I have shit to do. Zenon is a massively scalable DAG/block lattice hybrid project; its independent and decentralized so Square will never own it or run it; but they will very likely be using it if all the research that its community has done bears true. They will use it to scale micropayments in Bitcoin, so that all of their Cashapp and Square merchant services users make their transactions in bitcoin, and can receive payment in any form they desire, whether its dollars or Bitcoin or whatever they want. They've already received a patent for the last phase of the transaction.

https://cointelegraph.com/news/jack-dorseys-square-awarded-patent-for-real-time-crypto-to-fiat-swaps

Zenon will scale Bitcoin to make this possible. Do some research into Lightning Network; the same thing isn't possible in a massively scalable way, so they are pursuing this.

DYOR anons but I wouldn't wait too long, this train is quickly leaving the station. Old threads on warosu have lots of info.

>>22734709
What is it:
Incredibly fast, almost infinitely scalable state of the art DLT. It combines the block lattice architecture that was first(?) used by Raiblocks/Nano with a DAG that exists as a separate layer for the consensus. The block lattice handles the transactions. It's going to be used to scale Web3 dapps as a L1, and also process transactions as a L2 chain.

Who does it:
This is an independent, open-source project and will probably be run by a foundation similar to Ethereum and Cardano, but I'm about 99.5% sure its backed by Square. I can enumerate the zillions of times they have hinted as such if I really have to here, but you can search for old biz posts on Zenon here and also on Warosu. Taken together the evidence is overwhelming but they've stayed under the radar by not confirming anything, by maintaining a very strict Telegram presence where they boot people who don't post, and bots sell off rallies when people buy it on the exchanges.

Square will likely use it to scale Bitcoin transactions where the default payment for merchants and Cashapp users is made in BTC, and then they can set it to dollars or pounds or whatever afterwards.

Twitter will likely use it for decentralizing its platform, where tweeting becomes more like a public utility.

Its open source and not owned by Square, like how Node.js isn't owned by Google but has wide adoption. They'll easily recruit 1000s of legacy web apps for this bc no code changes are needed, and also dapps on Ethereum will easily switch over.

Why I like it:
I've really done my HW on this one and I'm increasingly convinced how big its going to be. Imagine if someone had a time machine and went back to the time of the ETH ICO and told you to buy. That's what this feels like. There is nothing like this out there in terms of tech and its going to launch with big partners. 1000x is literally possible, in which case I would be able to have "f you" money, but even a 50x or a 100x is life changing at this price.

>>21695096
Zenon. You have about 1 month.

Airdrop metrics released today and details about the second token, Quasar. It's legit, as expected. This is /biz/'s next token after LINK.

QSR will be the fuel token for the Network of Momentum, and 50k QSR will be required to set up a masternode, or 150k QSR for a pillar. ZNN supply is fixed at 6.6m which means they will be worth a small fortune in a couple of years. Tokenomics suggest very high utilization.

Details:
https://zenon.network/quasar#lockdrop
https://medium.com/@zenon.network/project-quasar-88c3ddf850c3

Also, an interesting tidbit I found today, if you are good at connecting dots:
https://twitter.com/moneyball/status/1282782894939762688?s=20
https://twitter.com/matthuang/status/1282781520730533888?s=20
https://twitter.com/Zenon_Network/status/1276085427431243776?s=20

We are all going to make it.