What Is Zap (ZAP)?
Zap (ZAP) is the first-ever decentralized oracle platform to be released to the public. The official launch for Zap oracles was in January 2019; however, work and development on the project began in 2017, when the coin first went public. The Zap protocol is an innovative take on data sharing, token creation and decentralized applications (DApps). In addition, the platform allows users to set bonded pricing curves. The combination of all these capabilities makes Zap a multifunctional blockchain solution for a wide range of applications.
The Zapp protocol’s main goal is to be an all-in-one solution for DApp developers, investors and other enterprises looking to introduce blockchain decentralization to their operations.
Who Are the Founders of Zap?
Nick Spanos is the founder of the Zap protocol and token. He has a degree in computer science from the New York Institute of Technology. Spanos’ professional career has several vital milestones in it, including a position as the general manager of Webster Hall in the 90s.
Interestingly, Spanos’s involvement with blockchain technology and Bitcoin started relatively early, in 2013, when he became a Bitcoin Foundation member. That same year, he also founded the Blockchain Technologies Corporation and the Bitcoin Center, a premier location for Bitcoin think-thank events and business meetings.
In 2017, Nick Spanos turned his attention to a new blockchain project — Zap. Last but not least, he holds two important patents. One for the invention of the multi-branched blockchain, and one for figuring out how to organize the process of blockchain paper ballot voting.
What Makes Zap Unique?
Zap is a unique combination of all possibilities that blockchain technology has to offer. One of the main selling points for the Zap protocol is that it combines functionalities. While other blockchain projects usually focus on one key area of development, Zap is taking the lead in creating a multi-functional platform.
The Zap protocol allows users to create highly-liquid tokens, launch stablecoins, create DApps, use blockchain for tracking and logistics, issue ERC-20 tokens and much more. Because of its versatile nature, Zap is a prevalent choice for enterprise development. Companies like Cafe Joe USA, JuJu Rentals and Energy Rentals are only a few of the enterprise users who employ Zap’s powers.
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Learn more about bonding curves.
Have a look at the CoinMarketCap blog.
How Many Zap (ZAP) Coins Are There in Circulation?
There is a total supply of 520,000,000 ZAP tokens globally. At the moment, about 236,144,465 of them are in active circulation on the market. It is important to note that because of Zap’s multifunctionality, ZAP tokens are minted and burned on every relevant action taken by a customer in terms of creating bonding curves.
Considering this, the amount of ZAP tokens in circulation shifts by the second. Currently, more than eleven markets are accepting the token. However, this number can increase or decrease quickly, based on usage of the bonded curves functionality of the platform.
How Is the Zap Network Secured?
As an ERC-20 Ethereum-based token, Zap relies on the proof-of-stake (PoS) consensus for security. This means that validators are selected based on their stake in Zap tokens rather than their computing power. This consensus method is becoming increasingly popular, as it is more scalable and more cost-efficient than Bitcoin’s proof-of-work (PoW) consensus.
Because of its Ethereum foundation, Zap can be easily stored in a wide variety of hot and cold crypto wallets. This makes it both a secure token, and a versatile investment opportunity. Not only that, users can create their own ERC-20 tokens using the same consensus mechanisms.
Where Can You Buy Zap (ZAP)?
Zap is a relatively popular cryptocurrency token, and it is available for purchase on a large array of exchanges.
About 95% of all trading volume for ZAP, or ZAP/BTC transactions worth $409,904, happens through Bitrue. Another significant exchange for ZAP trading is Poloniex, with a trading volume of $3,613.
Last but not least, there is the ProBit Exchange, which supports a current trading volume of $2,175. Of course, it is essential to note that investing in cryptocurrency can be risky, just like any other type of investment.
Learn more about buying crypto.
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