What is Zcash? Learn about virtual currency Zcashcoin - Blogtienao.com


What is Zcash?

Zcash (ZEC) Is another currency like Bitcoin but with a few different features. Like Bitcoin it is based on one blockchain decentralize but allow anonymity behind transaction amounts and related parties. In Bitcoin if you know someone's address, you can track their transactions and you can see all their addresses and transaction amounts - so it's pretty clear how much money is being turn around, with ZCashcoin All information is encrypted.

Introducing ZCASH

Zcash uses a special proof of network protection called zk-snark - or proof of construction. This allows the network to maintain a secure ledger at equilibrium points without disclosing the parties or the amount involved in the transaction. This happens through the use of the lowest score of proof of knowledge - or essentially where the person making the transaction is likely to spend. ZEC and equilibrium values ​​and they have not been spent before. In Bitcoin, each complete node holds a balance of what is held by each address in UXTO or the output database in the no spend transaction - with each verified transaction to unlock that output. .

Zcash will be released on October 28, 10 and have a team of glitters working and supporting it. Those people include names like Roger Ver , and Barry Seibert as Pantera Capital. The code is unusual open source when the company run by Mr. Zooko Wilcox, a 41-year-old cryptographer, will give 10% of the money for fundraising costs and 1% for non-profit organizations.

Total amount of mortgage supply of Zcash would be 21 million dong like Bitcoin and even follow the same issuance rate with 21 million ZECs released over 131 years, but instead of having 10 minute volumes, ZCash would have an average 2,5 minute block with 4 times bigger block rewards that halve every 4 years.

How ZCASH is funded and distributed

Zcash has caused a lot of controversy over the method of distributing crypto currencies. The organization is not established as an open source community but is a company. This is the first major difference to Bitcoin and other currencies like Ethereum. The second big difference is how they plan to reward investors and workers in the company as a tax on the so-called "digging" reward "searcher reward".

The premine is the cause of the demise of all currency enthusiasts - but the line has become difficult to distinguish between what is right and what is wrong. But at the same time, digital currency creators need to be incentivized to keep the project running, and they usually do this by launching a cryptocurrency and issuing coins to different people after that. being dumped in the market causes the price to drop - developer soon loses interest and the project will not work.

The actual number of Zcash

With Zcash they have taken a different approach and to take money from investors in the company to create the crypto currency before releasing it. But here's the rating for every Z currency you “dig"In the first 4%, the company that runs Zcash gets 20%, which will account for 10% of the total supply. For some, this has caused anxiety and frustration because they feel that investors are using unfair networks to enrich them with the power they control. Supporters include Pantera Capital and other Bitcoin celebrities like Roger Ver and Barry Seibert.

While this approach is plausible, in a way, it aligns with the long-term goals of the Zcash community and the Company - i.e. for it to be successful and will provide the financial capacity to sustain itself. development and research. Besides, they do not disclose who received the coins mined - ie do not give the number of coins to investors and company employees and employees.

The other point is Zcashcoin is being pushed by one of the investors - Digital Currency Group, which owns a large percentage of the media involved in the crypto currency space, accusing ZCash of being a product of public greed. ty.

There has been a lot of discussion on forums on the matter - and with the coin becoming open source, there is some suggesting they will create their own coin based on the exact protocols but no tax 10 % for mining rewards.

How to buy and sell ZCASH

At the moment there is no way to buy Zcash and once it hits the market, the exchange will have to wait for quite a large amount to be mined before adding it as a trading pair.

You can check ZCash On the free trial network by going to a tap and then playing with it. Stay tuned and we'll let you know as soon as Zcash is released where to buy it and its direct price on all markets.

You can test some of them on the free trial network by going to the tap and then playing with it. Stay tuned and we'll let you know as soon as Zcash is released where to buy it and its direct price on all markets.

You can test some of them on the free trial network by going to the tap and then playing with it. Stay tuned and we'll let you know as soon as Zcash is released where to buy it and its direct price on all markets.

Up until this point though, no ZCash coins can be mined completely similar to what happened with ethereum - except with ethereum many of the cryptocurrencies were bought in the public fund prior to release. And before buying or selling you need to see Zcash rates be updated 24/7 squid fishing tours nhé

See more: Instruction to buy and sell Zcash on Bittrex trading floor

How to dig ZCASH

Dig zcash

ZCash will use Equihash as a hash algorithm, which is a PoW algorithm on asymmetric hard memory based on a general problem. It relies on high RAM requirements to enforce generation limits and make ASIC development impossible, just like Ethereum. To avoid Instamine ZCash will have a slow mining start, in which block rewards will be issued slower than usual. ZCash is currently in beta and testnet is active. You can give testnet coins by following this guide: How to Peach ZCash.

Instructions will be updated once ZCash is active, stay tuned.

Keyword search to article: What is Zcash, What is Zcashcoin, how to dig zcash

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