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We were joined by Founder Adam Perlow and Developer Asher Manning of Zen, a public blockchain project focused on building a decentralized financial system. The core premise of Zen is that none of the public blockchain networks are focused on financial asset. Zen is aiming to fill that gap through a Bitcoin-like UTXO architecture that supports multiple asset and smart contracts to enforce complex ownership rules.
We talked through their original design choices, their use of formal verification, connection to Bitcoin and vision for a fully decentralized financial system.
Topics covered in this episode:
Why existing public blockchains are ill-suited for financial instrumentsWhy Zen chose to use a Bitcoin-like UTXO architectureHow Zen uses formal verification to allow smart contracts without a virtual machine or needing gasHow the Active Contract Set reduces the burden on the minersWalking through creating, trading and settling a call option on ZenHow Zen allows payments to be settled in BitcoinGetting data from the outside world with oraclesZen’s use of Proof-of-Work regulated by on-chain governance Episode links:
Zen Protocol - A Financial Engine Zen Protocol - Whitepaper Zen Protocol - Deck Google Campus Presentation - YouTube Zen - Alpha Version Zen Protocol Founders Film - YouTube Oracles and Zen – Zen Protocol Zen’s contract lifecycle – Zen Protocol This episode was hosted by Brian Fabian Crain, and is availble on YouTube, SoundCloud, and our website.
