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Messages - HattieBaker

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Zcash Forum / Re: ZCash is a cryptocurrency with great privacy protections.
« on: February 28, 2018, 08:23:43 AM »
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. 

2
Zcash Forum / Re: ZCash is a cryptocurrency with great privacy protections.
« on: February 28, 2018, 08:07:26 AM »
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).

3
Zcash Forum / ZCash is a cryptocurrency with great privacy protections.
« on: February 23, 2018, 02:30:35 AM »
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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