By A- RATING
Overview
Zel was launched in January 2018 and is a hybrid Proof of Work/Masternode based on the Zcash codebase and features. The project will develop an ongoing ecosystem around the Zel currency which aims to include a decentralised exchange, DApp store, wallet/asset platform (ZelCore), ID management platform (ZelID) alongside various other features.
Zel’s technologies work in symbiotic relationships with each other and with technologies outside the Zel ecosystem. Zel is designed as an open system in partnership with closed source technologies.
Following our in-depth review, the Zel project receives a A- Rating.
Scoring Matrix
Conclusion
The Zel project launched in January of 2018 and there has been significant development on the project over the last 18 months. Milestones are being met and the team is delivering excellent working products such as their ZelCore platform. Zel are also looking at developing new products and features as the team grows and the project develops, allowing for more avenues for adoption and revenue, such as ZelVPN
The team are transparent, skilled and highly organised. The project has also developed the Zel Labs initiative which indicates their continued growth as a project whilst ensuring their ability to network with emerging talent in the blockchain sector. Currently the team consists of 3 Full Time developers and 10 part time developers, which indicates the projects focus on development for the project.
The introduction of a hybrid POW/Masternode network has significantly strengthened the network, reducing the risk of a 51% attack. Alongside this the Zel team have been proactive in preventing any ASIC mining by amending the mining algorithm several times since Equihash ASIC’s were introduced in 2018.
Zel is one of the few blockchain projects to generate revenue from its services, as highlighted by the ZelCore+ premium service, where users can pay in Zel or Btc to access the features of ZelCore+.
The community behind the Zel project is a strong one and team members are actively updating the community around developments and milestones achieved.
For a full and detailed review of the Zel project please visit our here or browse our website for other project reviews
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