What is ZAP, the cryptocurrency?

published on: October 29th, 2021

What Is Zap #ZAP?

Zap or #ZAP is the first-ever decentralized oracle platform to be released to the public. The official launch for Zap oracles was in January 2019. Work and development on the project began in early 2017, when the coin first went public.

The Zap protocol is an innovative take on data sharing, token creation and decentralized applications (DApps). In addition, the platform allows users to set bonded pricing curves. The combination of all these capabilities makes Zap a multifunctional Blockchain solution for a wide range of applications.

The Zapp protocol’s main goal is to be an all-in-one solution for DApp developers, investors and other enterprises looking to introduce blockchain decentralization to their operations.

Who Are the Founders of Zap?

As per Coin Market Cap, Nick Spanos is the founder of the Zap protocol and token. He has a degree in computer science from the New York Institute of Technology. Spanos’ professional career has several vital milestones in it, including a position as the general manager of Webster Hall in the 90s.

Interestingly, Spanos’s involvement with blockchain technology and Bitcoin started relatively early, in 2013, when he became a Bitcoin Foundation member. That same year, he also founded the Blockchain Technologies Corporation and the Bitcoin Center, a premier location for Bitcoin think-thank events and business meetings.

In 2017, Nick Spanos turned his attention to a new blockchain project — Zap. Last but not least, he holds two important patents. One for the invention of the multi-branched blockchain, and one for figuring out how to organize the process of blockchain paper ballot voting.

What Makes Zap Unique?

Zap is a unique combination of all possibilities that blockchain technology has to offer. One of the main selling points for the Zap protocol is that it combines functionalities. While other blockchain projects usually focus on one key area of development, Zap is taking the lead in creating a multi-functional platform.

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

How high can ZAP go and is it a good Cryptocurrency?
Long term data for ZAP is positive – over the next 2 years. 

However, the price of ZAP has been on a decline and currently would not make a good trade. However, this post on Medium should not be seen as Financial Advice. For more data on ZAP, get onto BitcoinTAF.com or subscribe @ Small Cap Big Gains

This post was written by Marius Landman

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