(ZANO) Is Crypto Project Zano The Answer To Privacy Coin?!?! 🪙🪙🪙

[Music] open welcome everybody to underground crypto we're back with another Deep dive back to another review uh today we're going to be going over xano ticker z n o also the name of the project number 497 by market cap sitting at about $514 and the last 24 hours we've had a little bit of a run from about lowest price 473 to about 585 so nice little run there and if we go and we kind of go up higher you see the seven days had a nice little run the one month has had a little bit of a run but the one thing I was a little surprised by is if you go to the max chart and we're on coin Gecko and you go all the way back it goes back to like May May 14th 2019 it was

at about $262 and you can see it's done the whole uh bare Market bull market kind of vibe here which is pretty typical of any coin that's been around that long so I was surprised to see how long this coin had been around to be honest with you and never really heard about it or I've never dug into it if I have heard anybody talk about it so our market cap is 73.9 million uh 24-hour trading 827,000 and then you have the circulating Supply at 14.3 million and then it says total Supply infinite so what does that mean that's to me a little bit of a I wouldn't call it a red flag but it's a question in my mind uh how is it infinite in its Supply how does that impact the price when do the new coins

come out all of those different type of things I hope those questions are answered in our Deep dive here we will be going to their website here zeno.org um here's a contract it is an ethereum token and I don't see any other contracts here so it looks like it's just an erc20 which would make sense being around from 2019 Community tabs you got Twitter telegram Discord YouTube and bitcointalk.org we're going to be going over to Twitter with our usual smell test this thing has been around for a long time so I'm kind of expecting there to be um a lot of activity over on their Twitter but we will find out ecosystem ethereum as we kind of already went over and we will go down to markets where can you get this if you want to speculate on this

coin looks like Mexi Global one of my favorite exchanges I do have the plow ID so that I'm kyc over there and I don't have to worry about that but if you want to go decentralize you got the decks here Unis swap V3 then you got coinx which is of course a centralized Exchange which I have used just a little bit but I know that it's legitimate as far as I know I guess I should say and then our favorite noname exchange a g jix XIX however you're supposed to say it I'm sure I'm saying it wrong um that's all likely that I am and then couple other place I didn't really know this non kyc doio I don't see that getting through regulation for very long it is a centralized exchange then you have trade ogre which I

saw coming up a couple of months ago and then bit economy which which I have absolutely never used and uh don't recommend it but I'm not a financial adviser nothing I say is financial advice these videos are not a call to buy anything and uh you you do what you want to do with your money and you're in charge and you should treat it that way don't let people on Twitter don't let people on YouTube make you you know tell you what to do feel like you got to do what they say because they know so much better than you sometimes they do sometimes they don't but you need to make your own decisions that way you can be accountable for what happens to your money but I won't harp on that too much guys so we're on their

website and this website's kind of weird it goes like to the side and then it starts going down but that's neither here nor there I guess right so first tab here is technology so I don't really even know what this project is that's kind of the way this channel works we Deep dive things together and this is what I was doing on my own time for a long time and I just figured why not build a community of people who want to Deep dive coins and know the ins and outs of them a little more than oh this just got listed on coinbase so everybody buy it we want to get ahead of the game we want to be ahead of that and we want to be getting into it when it hits smaller exchanges or even maybe before

it hits exchanges on decentralized exchanges those are where the real gains are that I'm particularly chasing so privacy Pioneer a Showcase of diverse projects and features harnessing zanos capabilities I haven't decided if I'm going to say zanos or zenos but for now it's zos um hybrid P proof of work slos proof of State consensus our unique hybrid ppos algorithm harnesses the strength of both processes for enhanced security minimizing double spin vulnerabilities core performance achieving computer oh computational sorry excellent with forward and backward capabilities modular design and asynchronous core I got a new light in front of me here and it is blinding me to death so hopefully that doesn't mess up me reading these too much all right and then we'll slide over here to no innovation not ecosystem we're not there yet wow I can tell you I

really don't like this website there we go zarum whatever that is pioneering the first hidden amount proof of stake scheme revolutionizing blockchain consensus confidential assets tokens operating on our privacy blockchain possessing all features and functionalities of the Native coin ensuring complete transactional privacy and um let's see ionic swap innovating seamless cryptocurrency exchanges while preserving user privacy and let's go to ecosystem that didn't tell us too much there oh now it wants to go down projects built on Zano a Showcase of diverse projects and features harnessing Zano's capabilities Marketplace API exploring our Dynamic API facilitating a seamless integration into Marketplace ecosystems ESR SL peer-to-peer contracts PTP peer-to-peer are Escrow Service empowers users with customizable contracts in a trustless environment secured by deposits to deter uh malfin so let's go down and there seems to be when I kind of just

scrolled through this website really quickly a lot of information so hopefully I'm not going to lose you guys and I'll try to keep to what I think is most important I know not everybody's a crypto nerd out there so Zano is an open source cryptocurrency and ecosystem with Enterprise grade privacy security scalability that operates as a robust foundation for confidential assets and decentralized application AKA daps your privacy matters choose zos the leading blockchain platform that prioritizes confidentiality and security so that's the first real insight I feel like into what the heck this thing is it obviously seems like a layer one um well I guess it's not a layer one because it's on ethereum but it seems like it's its own cryptocurrency and its own ecosystem but it does seem to be built on um ethereum's blockchain so technology

push the frontiers of of digital privacy try to put those words together there join the Zano's ecosystem today all right so let's see what we got we got ring signatures which I'm not sure what that is the transaction between Zano's network members are made untraceable with ring signatures and stealth addresses so is this like a privacy coin that's what I'm wondering here or has features of a privacy coin also the way transaction data is stored on the blockchain allows access to parties who authorize the transactions only and none of the private data will ever be publicly published so this has a lot of elements of like a privacy coin stealth addresses the confidentiality of all Zano's transactions is hardcoded into the core by concealing all sending and receiving addresses we have maximized the level of privacy for every Zano

user amount privacy uh a secure scheme with a set proofs allow for concealment of the amounts of coins transferred the bullet proofs plus technology is used for these proofs enabling the creation of both performance effective and size effective proofs these ensure that the sum and type and the type the sum and type of the input match the sum and the type of the output without revealing the actual details again this light is in my face it is super annoying got to find a better placement for it all right so we got this um ionic Swap and Improvement to Atomic swap innovating seamless cryptocurrency exchanges while preserving user privacy that's what we like to hear I don't know how much of a fan I am of the Privacy coins I mean on one end it makes a lot of sense

on another a these dogs are barking on one hand it makes a lot of sense on another hand um you know we have Bad actors in the space who obviously can use these type of things for the wrong reasons not just privacy but fraud criminal activity and then the government's going to crack down on them just like they did things like tornado cash and I'm not saying I'm a big fan of those things I'm just saying with privacy coins and stuff they run the risk of falling under the sec's thumb in lawsuits and things like that all right but we will move on I won't harp on that confidential assets anyone can easily issue their own currencies and digital tokens on Zano's chain assets secured by the same mechanisms that make Zano so much more secure than the first

generation cryptocurrencies namely hidden addresses hidden amounts and IP um aisc so hybrid POS ppos system this is interesting I covered a coin the other day I think it was hoot might be the last video I did um that had the same idea this hybrid system or setup our blockchain is protected by our custom hybrid ppos consensus algorithm pairing the advantages of each process to create a highly secure platform this will make or this makes the system less prone to double spended tax if you know what that is it's just a you know a problem or a way to attack a uh blockchain or ecosystem by double spending improving overall security all right we're getting through there's quite a few of these little uh you know explanations I guess is what I'll call them so zarum or zarum world's first

proof of stake scheme that enhances traditional POS with untraceability and hidden amounts revolutionizing blockchain consensus kind of been already over that escrow contracts our Escrow Service empowers users with customizable contract contracts in a trustless environment secured by deposits to toer Malin and then we have this um all xano networks users can create Alias or an alias sorry I don't know why I didn't recognize that word so all xano Network users can create an alias for example at username these aliases can be linked to payment addresses which make our Network more userfriendly in the long term aliases will be used to use in a dedicated messenger a user reputation service and an alias based um authentication system auditable wallets auditable wallets give people and organizations the option to create transparent wallets for situations where we would rather verify than trust

Market API exploring our Dynamic API facilitating a seamless integration into the marketplace ecosystem this feature allows anyone to spin up their own decentralized Marketplace which is pretty cool I like that idea peer-to-peer offchain protocol the consensus process is balanced by a hybrid ppos algorithm pairing the advantages of each process to create a secure platform now we got features hopefully we're not going to get oh wow seems like there's a lot of tech behind this I mean it's been around for a while so I would hope that there's some kind of development going on features redefining crypto trans actions with seamless Security and Exchange features instant swap decentralized exchange peer-to-peer cryptocurrency trading uh Zano's governance system we'll read that one the zanos governance system is a framework that allows the community to participate in decision-making processes regarding the development and

modification of the network pretty standard governance stuff there and then wallets wallets in Zano's ecosystem are designed to provide maximum security and userfriendly interface allowing for the safe storage management and transactions of digital assets then you got your partners bitcoin.com uh cake wallet Monero so there's a privacy coin um I don't know what this exix is or I'm not going to try to say all these but I don't recognize most of these um I only recognize the word Monero here and I don't even know what Monero Tapia is so I don't recognize this I don't spend a lot of time personally in privacy coins or anything like that I'm not trying to hide anything or do anything fraudulent and unfortunately whether you are or you're not uh big agencies government type stuff is going to look at you like

you're probably doing something you're not supposed to look at the way they treated tornado cash are you doing something wrong by using tornado cash I don't know but you might have some reason why you're trying to hide and wash Bitcoin and wash cryptocurrency that were used somewhere else I don't know of any legitimate reasons why you would need to do that but maybe there are some there's like an exception to every rule but let's not get too far into that or this video will be an hour and a half long so get started you can get a wallet you can trade Zano you can Stak Zano you can start mining not too sure what the mining looks like that might be interesting to open here in a new window so said a 2 GB graphic card is required for

GPU mining so you actually can do GPU mining apparently I'm just going by the requirement here so that's pretty interesting and then here's how to set up the node download and configure a TT Miner I don't do a lot of mining so in all honesty I mean just know that's at the bottom of the website if you want to go check that out go right ahead if you're a a minor you probably already know about this coin I'm not familiar with it which is surprising to me like I said for how long it has been around so I think we covered everything oh road map so let's check out the road map and I'm going to do my best not to read every little thing on here because that will take forever so okay so it has all so

estimated q1 2019 do we need to start from 2019 I don't know all right so we'll start from 2019 quarter 1 but we'll just read the titles so program proof of work implementation uh Zeno's wallet Volume 2 Marketplace API okay I was wondering if it said it was completed or not so web API consensus upgrade Mobile Wallet privacy or private transparent wallet Atomic swap wrapped coins so Atomic swap is one of their things that they obviously have improved to a new swap Marketplace website template to implementation and privacy Tech technology research and then now we're into quarter 2 2021 privacy update confidential asset research privacy upgrade internal test net and you can see more test net stuff public test net desktop wallet so it seems like they've really come a long way and done what they said they were

going to do on their road map so here's quarter 1 2024 we have this zarum hard Fork Network upgrade to Hidden amounts proof of stake in confidential asset release so that's um a newer development it seems like confidential asset main net release confidential assets to be live on the main net and there arcanium hard Fork uh Zen Zano com companion a browser extension that enables authentication and connects the Zano's wallet to web applications and confidential asset decks quarter 2 2024 so here's another quarter 2 2024 same thing confidence itial asset but a mobile wallet and then we get from completed to in progress so we're completed up to quarter 4 2024 it seems like Anonymous onchain voting on major decisions for coin holders so really getting into the governance Side of Things Cake wallet integration working on uh PR

and dart lib for cake wallet integration peer-to-peer and then we're getting into quarter three peer to to peer offchain protocol a live offchain decentralized protocol for peer-to-peer settlements that's pretty cool um quarter 3 2024 confidential layer integration integrating zanos and zanos confidential assets with confidential layer decentralized Bridges so being able to bridge in progress bitcoin.com wallet integration and I'm not sure what bitcoin.com is I should probably know that but it's not coming to me integration of zos with Bitcoin 's wallet platform to expand user access and interoperability and peer-to-peer platform web app this is quarter 3 still uh peer-to-peer cryptocurrency trading platform enabled by escrow contracts consensus and then now we got out of in progress and we're going into what is planned for this project so consensus upgrade enhancement of the current consensus mechanism to increase network security

and raise the cost of potential attacks uh Dynamic fee implementation so this is still quarter quarter uh this is still quarter 4 2024 man it's a lot of reading today so Dynamic fee implementation implementation of a dynamic fee system that adjusts automatically based on market conditions to optimize transactions cost for users a light wallet new wallet application so release of a redesign wallet application so we're getting to the end of it here guys Zano's grant program introduction of a grant program to support and fund Community projects and Innovation within the Zano's ecosystem and Alias auction website so development of a dedicated website for the auctioning of zana's aliases enhancing user engagement and Market Dynamic so I know there was a lot to unpack here I know we read through a lot you might need to watch this video more

than once if you're seriously interested in this project coin whatever you want to call it but that we really went through a lot of stuff here in their road map and uh there's a lot to unpack there but it's good because how many projects do we go to their website we read them and they just don't really give us a lot of information one other thing I want to check did they give us tokenomics I do not see tokenomics on here so that's a little bit not a red flag but but it's a little bit concerning I'd like to know what the tokenomics are with this and maybe one of you guys understand the tokenomics of this coin and you can drop that in the comments for everybody else much appreciated so they did have an update this is

the July 2024 monthly report here so let's see what they did so this month has been filled with numerous small but significant improvements to the zanos platform here is a summary of our key developments so core enhancement and Bug fixes sterilization bugs fix resolve bugs affecting the staking process due to sterilization issues or serialization sorry now I don't know where I put a t in that that's serialization transaction size check fix the max transaction blob size check during its generation in wallet 2 amount phras uh paring uh sweep below bug fixes so these are all kind of bug fixes Asset Management improvements let's see RPC update Explorer visibility decimal point adjustment asset burning Arrow handling and eth key support feature new features and development new features and development tools I it to seed doctor deployed the seed doctor feature

to assist users in recovering their seed phrases particularly helpful in cases where the phrase is manually entered with errors burn asset API implemented an API for burning assets and fixed issues with the deploy asset API you got asset emission API fixes which is addressed issues related to asset emission API and unconfirm balance management Zano's web3 TS Library introducing a new script library for seamless communication with Zano's companies and we're not going to read all that cuz I'm sure very few of you are developers teams and operation core development hiring and cake and Bitcoin wallets we read some of that in the road map just wanted to go over that quickly if you're interested in it now we're here for our T telegram Twitter smell test so they have 2,43 posts this seems to be the verified zos this was

the one that this was the Twitter that was linked directly to their coin gecko so I'm assuming this is the legitimate Twitter we'll click follow they have 17.7 th000 followers now and it says join December 2018 I think that that amount of followers is kind of low for this kind of project but this does seem to be a very Tech heavy project which is not going to excite your memec coin Deion very much right so I could see why maybe it wouldn't get the amount of excitement they seems like they've been building and you know developing and maybe they really just haven't pushed marketing wise the way that they need to cuz maybe they didn't have the product they felt that they really needed before they pumped a bunch of money I'm just making assumptions I'm speculating that's what

it's all about so let's take a look at their pin post from August 2nd 40,000 Impressions that's pretty good only 196 uh likes 112 reposts and 64 comments I kind of played it for minute it's a little video doesn't have any sound and honestly it's kind of slow to get going it's only 13 seconds just a little bit of looks like a marketing type of video Welcome to zos and this was about zos is revolutionizing the crypto space with unparalleled security and privacy I'm not going to read all that cuz we probably read most of that on their website already so let's see 9 hours ago 5.2 th000 Impressions that's pretty good 15 hours ago 541 Impressions let's see 16 hours ago this was reposted from Zol light list.com uh 1.2 th000 Impressions August 22nd August 22nd I'm just

trying to see how often they're posting August 21st 19th 19th so I see a day missing here and there 18th 16th see we we we didn't have any anything on the 17th so they're pretty frequent but they are not everyday five six times a day type of frequent which we see with a lot of other crypto projects who have obviously put a lot of money into their marketing so just off of their Twitter page seems like maybe they could use a little bit bigger marketing team and some more money poured into marketing but we don't really know why it is that they're not doing that so usually at this point I give my 1 through 10 kind of gut rating of this project it's a little hard to do cuz they seem to have the tech but they don't

seem to have the excitement so I take some points off for that honestly I'd give this project about a seven I'm not sure exactly why it's been trending today and probably a couple of days before or in the next couple of days it'll probably continue to Trend I'm not sure what the new hype is about but I'm going to have to give it a seven it's got the tech it's got It's been around it's survived you know bare markets before so it seems like like maybe it has the staying power to stay around but it needs a good following of people who really care about the project who are going to huddle it hold it and uh keep this project going into the future so I'm going to have to give it a seven that's just kind of how

I feel about it it could definitely use some more marketing like I said I've never heard of this coin and I literally sit here and look at coins all not all day long but for hours at a time so that's kind of my little take here this is our review of zos I hope hope you enjoyed it I hope you learned something and uh crypto run out oh hit the like share and subscribe yeah don't forget to do that if you made it to the end of the video You're the MVP that's for sure