The Zenotta blockchain
A Layer-1 blockchain designed to provide the backbone of the digital economy, built around data ownership and provenance, and peer-to-peer trade.
How does the Zenotta blockchain work?
The Zenotta blockchain forms the backbone of ITTP, providing native transactability of data and digital assets across the Internet.
Hybrid, parallelised architecture employing distributed mining nodes & decentralised blockchain service providers (BSPs) allow blockchain technology to scale. The Zenotta blockchain, through ITTP, allows data to be transacted across the Internet, rather than merely transferred, by solving the data double spend problem.
Introducing Blockchain Service Providers (BSPs)
Similarly to the role that ISPs played in birth of the Internet, the dedicated BSP nodes on the Zenotta blockchain provide high throughput and ease-of-access, along with service level monitoring and provision.
The use of UNCOntestable Random Numbers (UNiCORNs) and a modified form of Nakamoto consensus ensure censorship-resistance and unbiased transaction selection via the distributed network of miners.
Providing Sybil resistance and consensus through inputs from independent contributor groups.
Proof-of-Input utilises true and verifiable random selection to ensure an unbiased transaction set via contributions from both the users and the miners. A balancing protocol reduces the incentives for greedy mining in order to keep the network decentralized and lower the energy consumption.