What Is Zap (ZAP)?

What Is Zap (ZAP)?

May 20, 2024

Altcoins

4 min

Zap (ZAP) is the pioneering force behind decentralized oracle platforms, launched to the public in January 2019 after beginning development in 2017. The Zap protocol stands out by offering a plethora of services such as data sharing, token creation, and decentralized applications (DApps), making it a versatile blockchain solution. In addition, the platform enables users to set bonded pricing curves, amplifying its multifunctionality. This all-in-one approach makes Zap an attractive choice for DApp developers, investors, and enterprises eager to incorporate blockchain decentralization into their operations. Curious about this innovative platform? Dive into the details and discover how Zap is leading the way in blockchain technology.

Who Are the Founders of Zap?

Nick Spanos is the visionary behind the Zap protocol and token. With a degree in computer science from the New York Institute of Technology, Spanos has had a notable career, including a stint as the general manager of Webster Hall in the 90s. His involvement with blockchain technology and Bitcoin began relatively early, in 2013, when he joined the Bitcoin Foundation. That same year, he founded the Blockchain Technologies Corporation and the Bitcoin Center, a premier venue for Bitcoin think-tank events and business meetings.

In 2017, Spanos shifted his focus to a new blockchain project—Zap. He also holds two significant patents: one for the invention of the multi-branched blockchain and another for organizing blockchain paper ballot voting. These milestones underscore his deep commitment to advancing blockchain technology.

What Makes Zap Unique?

Zap is a unique amalgamation of all the possibilities that blockchain technology offers. One of the main selling points of the Zap protocol is its multifunctionality. While other blockchain projects usually focus on one key area of development, Zap is pioneering a multi-functional platform.

The Zap protocol allows users to create highly-liquid tokens, launch stablecoins, develop DApps, use blockchain for tracking and logistics, issue ERC-20 tokens, and much more. Because of its versatile nature, Zap is a popular choice for enterprise development. Companies like Cafe Joe USA, JuJu Rentals, and Energy Rentals are just a few of the enterprise users leveraging Zap's capabilities.

How Many Zap (ZAP) Coins Are There in Circulation?

The total supply of ZAP tokens globally is 520,000,000. Currently, about 236,144,465 of these tokens are in active circulation. Due to Zap's multifunctionality, ZAP tokens are minted and burned with every relevant action taken by a customer, particularly in creating bonding curves.

As a result, the amount of ZAP tokens in circulation fluctuates constantly. More than eleven markets currently accept the token, although this number can change rapidly based on the 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 increasingly popular due to its scalability and cost-efficiency compared to 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. Additionally, 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 is available for purchase on a variety 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.

The ProBit Exchange also supports ZAP trading, with a current volume of $2,175. It's important to note that investing in cryptocurrency can be risky, just like any other type of investment. Learn more about buying crypto.

Zap Market Data

Here are some key statistics for Zap (ZAP):

Current Price: $0.0044
Market Cap: $1,043,034.59
24h Price Change: -2.78%
7d Price Change: 2.08%
30d Price Change: 94.68%
24h High: $0.0046
24h Low: $0.0044
All-Time High: $1.8345 (2018-01-13)
All-Time Low: $0.0011 (2024-02-04)
Circulating Supply: 236,144,465.00
Total Supply: 520,000,000.00

Related Pages

Read more about TRON.
Find out more about Loopring.
Learn more about bonding curves.
Have a look at the CoinMarketCap blog.

Conclusion

Zap (ZAP) is not just another cryptocurrency; it is a comprehensive blockchain solution that offers a wide range of functionalities. From data sharing and token creation to decentralized applications and bonded pricing curves, Zap is designed to meet the diverse needs of DApp developers, investors, and enterprises. With a strong foundation in Ethereum and a proof-of-stake consensus mechanism, Zap offers both security and versatility. Whether you're looking to invest or develop on the blockchain, Zap provides a robust platform to explore.

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Zap (ZAP) is the pioneering force behind decentralized oracle platforms, launched to the public in January 2019 after beginning development in 2017. The Zap protocol stands out by offering a plethora of services such as data sharing, token creation, and decentralized applications (DApps), making it a versatile blockchain solution. In addition, the platform enables users to set bonded pricing curves, amplifying its multifunctionality. This all-in-one approach makes Zap an attractive choice for DApp developers, investors, and enterprises eager to incorporate blockchain decentralization into their operations. Curious about this innovative platform? Dive into the details and discover how Zap is leading the way in blockchain technology.

Who Are the Founders of Zap?

Nick Spanos is the visionary behind the Zap protocol and token. With a degree in computer science from the New York Institute of Technology, Spanos has had a notable career, including a stint as the general manager of Webster Hall in the 90s. His involvement with blockchain technology and Bitcoin began relatively early, in 2013, when he joined the Bitcoin Foundation. That same year, he founded the Blockchain Technologies Corporation and the Bitcoin Center, a premier venue for Bitcoin think-tank events and business meetings.

In 2017, Spanos shifted his focus to a new blockchain project—Zap. He also holds two significant patents: one for the invention of the multi-branched blockchain and another for organizing blockchain paper ballot voting. These milestones underscore his deep commitment to advancing blockchain technology.

What Makes Zap Unique?

Zap is a unique amalgamation of all the possibilities that blockchain technology offers. One of the main selling points of the Zap protocol is its multifunctionality. While other blockchain projects usually focus on one key area of development, Zap is pioneering a multi-functional platform.

The Zap protocol allows users to create highly-liquid tokens, launch stablecoins, develop DApps, use blockchain for tracking and logistics, issue ERC-20 tokens, and much more. Because of its versatile nature, Zap is a popular choice for enterprise development. Companies like Cafe Joe USA, JuJu Rentals, and Energy Rentals are just a few of the enterprise users leveraging Zap's capabilities.

How Many Zap (ZAP) Coins Are There in Circulation?

The total supply of ZAP tokens globally is 520,000,000. Currently, about 236,144,465 of these tokens are in active circulation. Due to Zap's multifunctionality, ZAP tokens are minted and burned with every relevant action taken by a customer, particularly in creating bonding curves.

As a result, the amount of ZAP tokens in circulation fluctuates constantly. More than eleven markets currently accept the token, although this number can change rapidly based on the 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 increasingly popular due to its scalability and cost-efficiency compared to 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. Additionally, 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 is available for purchase on a variety 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.

The ProBit Exchange also supports ZAP trading, with a current volume of $2,175. It's important to note that investing in cryptocurrency can be risky, just like any other type of investment. Learn more about buying crypto.

Zap Market Data

Here are some key statistics for Zap (ZAP):

Current Price: $0.0044
Market Cap: $1,043,034.59
24h Price Change: -2.78%
7d Price Change: 2.08%
30d Price Change: 94.68%
24h High: $0.0046
24h Low: $0.0044
All-Time High: $1.8345 (2018-01-13)
All-Time Low: $0.0011 (2024-02-04)
Circulating Supply: 236,144,465.00
Total Supply: 520,000,000.00

Related Pages

Read more about TRON.
Find out more about Loopring.
Learn more about bonding curves.
Have a look at the CoinMarketCap blog.

Conclusion

Zap (ZAP) is not just another cryptocurrency; it is a comprehensive blockchain solution that offers a wide range of functionalities. From data sharing and token creation to decentralized applications and bonded pricing curves, Zap is designed to meet the diverse needs of DApp developers, investors, and enterprises. With a strong foundation in Ethereum and a proof-of-stake consensus mechanism, Zap offers both security and versatility. Whether you're looking to invest or develop on the blockchain, Zap provides a robust platform to explore.

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