Zinnia is a purpose-built, smart contract enabled, hybrid POW/POS, public blockchain protocol governed by its participants through its Decentralized Autonomous Organization (DAO).
Within the sentence above are five core components that we believe describe Zinnia Network. To clarify each element, we will briefly discuss them in the article below.
We have explicitly designed Zinnia to enable the future of the internet, Web3, by providing the following three aspects;
Zinnia will be completely EVM compatible, meaning Ethereum developers can migrate smart contracts to Zinnia without having to write the code from scratch, making it easy to build solutions on the Zinnia Network.
Using both Proof-of-Work and Proof-of-Stake will make Zinnia secure, scalable, and decentralized.
Zinnia's Proof of Work component will run with ProgPoW, targeting GPU miners and specifically existing ETH miners due to the chain's move to POS. The Proof-of-Stake component will work hand in hand with the mainnet DAO, meaning your stake is more than a stake; it's your voice.
In our eyes, Public blockchains have many advantages over private ones; they offer better security and transparency, are anonymous by nature, and allow everyone access without restriction. But, perhaps the most crucial aspect of public blockchains is that they are decentralized, as we aim to make Zinnia the most decentralized blockchain available.
The DAO will manage core protocol development and determine the overall direction of Zinnia. The decentralized treasury receives 10% of validator rewards and uses them to pay for ongoing development and marketing, making the Zinnia DAO network funded. Every staker will be able to participate in the DAO by submitting proposals and ideas or by voting on existing marketing, development, and education proposals.
So there you have it; welcome to Zinnia, a purpose-built, smart contract enabled, hybrid POW/POS, public blockchain protocol governed by its participants through its Decentralized Autonomous Organization (DAO).