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What Is 0Chain (ZCN)?

0Chain is a decentralized storage platform founded in July of 2017 with the aim of providing data privacy, protection and even private sharing. 0Chain’s main aim is to help businesses achieve GDRP and CCPA compliance and transparency with zero liability. The main customers are developers and enterprises due to the fact that it offers a single source of truth for documents and a better way to protect data with high performance and no risk.

0Chain is pronounced as zero chain, and it is a decentralized storage platform that aims to makes data breaches impossible and as such can reduce legal discovery and compliance costs.

Who Are the Founders of 0Chain?

The founders of 0Chain are Saswata Basu and Tom Austin.

Saswata Basu is the CEO and co-founder of 0Chain. Before that, he was the CTO of GuruHub, and worked as a cloud Architect and developer at the Energous Corporation. He was a cloud consultant in TruePath wireless prior to the above positions.

Tom Austin is the co-founder of 0Chain, but is also an associate professor at San Jose State University. He was also a senior software engineer at Knight Ridder Digital, and an intern at the Mozilla Corporation as well as an intern at ESIEA.

What Makes 0Chain Unique?

0Chain is unique in the way through which it tackles one of blockchains biggest issues, scalability. It addresses this in two ways. The first is through storing data off-chain, which in turn avoids congestion issues that arise from too much data being stored and accessed, and the second is due to the fact that it separates this data storage from the tasks of reaching consensus and form block storage.

The traditional [proof-of-work] consensus that is used by a wide range of cryptocurrencies out there such as [Bitcoin] is energy intensive. This in turn makes the process have quite a large price tag attached to it and tends to centralize mining hubs, as specialized equipment is required in order to mine efficiently.

0Chain combats this by creating consensus and mining blocks through using a proof-of-stake consensus mechanism. This solution is presented by the ZCN token, a cryptocurrency that has its value based on mathematics. Consumers can use the 0Box instead of Dropbox for example for privacy, anonymity and transparency. They can also use 0Wallet to lock and stake their tokens and earn interest as well as service rewards.

The wallet functions in a way through which it uses the split-key protocol in order to ensure that the assets are fully safe and easy to use. Developers also have the ability to use 0Chain dStorage through an SDK to truly protect customer data and provide a higher level of privacy compliance at a low cost.