As I continue down my learning journey, I found this post interesting. I’m not trying to make any political statements here. I’m just pointing this out. This developer is one of the lead devs for the project.
Great recap! I completely share your perspective. As someone who’s just diving into this ecosystem, I find that while you’re passionate about the unique aspects of what you’re creating, it’s challenging for me to grasp a straightforward, slogan-like understanding of the project’s goals when I seek information. I think you have hit the point here. It would be nice to have something easy to digest and sellable for the mass to share.
This is how I spin it. Not necessarily for all audiences but in line with current trends:
Problem:
Many “Bitcoin DeFi” solutions actually follow the Ethereum ethos:
token sales
huge insider allocations
leadership cults
raise money first, build later
based on progressively centralizing, unscalable proof-of-stake
Satoshi would turn in his grave - if it was not for Zenon:
built by anon Bitcoin OGs
first-in-kind hybrid POS/POW, dual-coin architecture (Meta DAG + Block Lattice)
progressively decentralizing since 2019
100% pure, egalitarian launch
NO token sale
Feeless paradigm
Completely leaderless
Coming Soon
$ZNN backed by BTC with decentralized merge mining
Bitcoin POW-secured DeFi with trustless sidechains
Feeless native BTC transactions
There are so many L1 & L2s. How is Zenon different?
Just like Bitcoin, Zenon
is fully community driven
requires validators to burn money to get more voting power
offers a level playing field for everyone
Unlike other L1s & L2s, Zenon
solves the DLT trilemma
offers feeless transactions
fully commits to the Bitcoin ethos, offering the only acceptable solution to scale Bitcoin’s incredible POW security to power the global digital economy and network states.
Zenon has been around since 2019. What’s the catch?
Since there is no central leadership and there was no token sale at Zenon’s genesis to give VCs, KOLs, exchanges and marketing agencies massive insider allocations, all growth is 100% organic and community-driven - just like Bitcoin’s.
As a result, growth takes time. But offering a level playing field and a protocol that was designed to be interoperable with Taproot years ahead of its implementation, attracts the smartest builders and cypherpunks.
extension-chains that will inherit the security of NoM and implicitly Bitcoin in the future, enabling support for EVM, WASM and multiple other execution environments
First decentralized mining pool for Bitcoin, aligned to the peer-to-peer nature of the first and only electronic cash system
First coin to be backed by physical Bitcoin (digital ofc, just emphasizing that it’s not a wrapped representation of BTC) at protocol level
Trustless ZK-rollups on Bitcoin, powered by NoM using Bitcoins acquired via merge-mining