Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Privacy Coins Forum => Zcash Forum => Topic started by: HattieBaker on February 23, 2018, 02:30:35 AM
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Equihash is used as a algorithm. This is a memory-oriented Proof-of-work. How much mining you can do is mostly determined by how much RAM you have, making it unlikely for everyone to build ASICs for mining in the foreseeable future.
Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (zk-SNARKs) is applied to make sure that all information (the sender, recipient, transaction volume) will be encrypted, making shielded transactions verified as valid under the network’s consensus rules.
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Updates on my investment portfolio:
70% NEO (for 6 months)
10% ICX (ICON) (for 2 months)
10% DBC (DEEP BRAIN CHAIN) (for at least 1 month)
05% BTC (BITCOIN) (for at least 1 year)
05% ETH + LTC + ZCASH + MONERO (for at least 6 months)
Up to now, I have been quite satisfied with my choice. It's super easy to earn profits in cryptocurrency, if you can choose the potential and profitable coins.
What about you?
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Zcash is based on peer-reviewed cryptographic research, and built by a security-specialized engineering team on an open source platform based on Bitcoin Core's battle-tested codebase. Our improvement over Bitcoin is the addition of privacy. Zcash uses advanced cryptographic techniques, namely zero-knowledge proofs, to guarantee the validity of transactions without revealing additional information about them.
ZCash is a new member in "personal transaction"section.
It is interesting that some technologies of ZCash are deployed by Ethereum, helping the Ethereum transactions stay secret.
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ZCash - A look back on 2017
2017 has been a year of many firsts for Zcash. Having launched only a couple months before the start of the year, the opportunities for growth and development were already flooding in. The foundations of a global Zcash ecosystem were being put into place by not only the Zcash Company engineers but also by businesses and individuals involved in the Zcash and greater cryptocurrency ecosystems.
For much of this year, our #DevelopmentTeam has been focused on security and stability of the Zcash network while third party developers continued to add support for Zcash to existing wallets and exchanges.
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IOTA is an open-source distributed ledger protocol that goes 'beyond blockchain' through its core invention of the blockless ‘Tangle’. The IOTA Tangle is a quantum-proof Directed Acyclic Graph, with no fees on transactions & no fixed limit on how many transactions can be confirmed per second in the network. Instead, throughput grows in conjunction with activity in the network; the more activity, the faster the network. Unlike blockchain architecture, IOTA has no separation between users and validators; rather, validation is an intrinsic property of using the ledger, thus avoiding centralization. IOTA is initially focused on serving as the backbone of the emerging Internet-of-Things (IoT).
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A Bitcoin clone that has reached success through clever marketing. Over the past year well over a hundred new cryptocurrencies have been created but not many have instantly carved out a niche. Dogecoin has sponsored multiple high profile events such as Nascar teams and the winter olympics - even so there are few locations to use the coin - and instead it has become a de facto internet tipping currency. The coin has produced 100 billion units by the end of 2014 and is now producing roughly 5 billion units per year.
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ZRX has great potential, think we will see it multiply couple of times in 2018
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Zcash has some benefits when it comes to asics, no-one likes to invest in a coin that can only be mined with asics as it encourages whales to dominate their market.
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Zcash is a cryptocurrency that was launched on Friday, October 28, 2016. A clone of Bitcoin forked from the Bitcoin codebase 0.11, Zcash is differentiated from Bitcoin and Ethereum by the added functionality of completely private transactions. For that reason, Zcash has been hailed as “untraceable”.
To allow private transactions, Zcash employs a technology from a branch of cryptography and computer science called zero-knowledge proofs. Even the smartest mathematicians in the space describe zero-knowledge proofs as “moon math”and a handful of dedicated researchers worldwide have a complete understanding of the details of how it works.
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Yes! Zcash uses encryption to provide users with greater privacy. Zcash digital currency employs a mathematical technique called zero-knowledge proofs. This allows for a secure ledger of balances without disclosing the parties and amounts involved in a particular transaction.
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Yes! Zcash uses encryption to provide users with greater privacy. Zcash digital currency employs a mathematical technique called zero-knowledge proofs. This allows for a secure ledger of balances without disclosing the parties and amounts involved in a particular transaction.
For someone who isn't as tech savvy is this way better than Monero mixing or Zcoin's ability to create a new address from signing it with the old one?
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The most underrated of all the anonymous coins.I do not understand - why such a low price? I think it's a matter of time.
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Equihash is used as a algorithm. This is a memory-oriented Proof-of-work. How much mining you can do is mostly determined by how much RAM you have, making it unlikely for everyone to build ASICs for mining in the foreseeable future.
Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (zk-SNARKs) is applied to make sure that all information (the sender, recipient, transaction volume) will be encrypted, making shielded transactions verified as valid under the network’s consensus rules.
Equihash algorithm is indeed a good anti-ASIC at its time. But a foreseeable future of an anti-ASIC fork, I don't know about that.
Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (zk-SNARKs) - This is my first time hearing this. Anyways good privacy technique. I think this is similar to Monero ring privacy scheme.
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to do mining altcoin zcash for example, it must require substantial capital, and only those who have large capital can do it.
while small users can only buy a small amount
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To me,Zcash has some benefits when it comes to asics, no-one likes to invest in a coin that can only be mined with asics as it encourages whales to dominate their market.
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The precursor to Zcash started its life in form of Zerocoin. This John Hopkins University (Baltimore, USA) project was designed to address one of the primary drawbacks of Bitcoin, its lack of privacy. This eventually led to collaboration with cryptographers from MIT and Tel Aviv University in 2014, who improved the underlying protocol of Zerocoin.
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Zcash uses advanced cryptographic techniques, namely zero-knowledge proofs, to guarantee the validity of transactions without revealing additional information about them.ZCash is a new member in "personal transaction"section.