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Author Topic: The advantages of zcash  (Read 2297 times)

Pheonyx

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The advantages of zcash
« on: April 30, 2018, 02:31:38 am »
I don't know about this crypto whether it is a token or a coin and the advantages of it compare with others. Do you guys can share anything about it?
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The advantages of zcash
« on: April 30, 2018, 02:31:38 am »


Eben

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Re: The advantages of zcash
« Reply #1 on: May 16, 2018, 07:19:35 pm »
Zcash (ZEC) is another Crypto currency like bitcoin but with a few different features. Like Bitcoin it is based on a decentralised blockchain but allows for anonymity behind transaction amounts and parties involved. In Bitcoin if you know someone's address you can follow their transactions and you can see which all the addresses and their transaction amounts - so its quite clear how much money is moving around, with ZCash all the information is encrypted
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Re: The advantages of zcash
« Reply #1 on: May 16, 2018, 07:19:35 pm »

Bobcrypto

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Re: The advantages of zcash
« Reply #2 on: May 20, 2018, 04:11:52 pm »
I don't know about this crypto whether it is a token or a coin and the advantages of it compare with others. Do you guys can share anything about it?

Zcash is a privacy driven cryptocurrency launched October 28, 2016. It uses Equihash algorithm, which is a lopsided memory hard POW (Proof of work) based cryptocurrency. Zcash payments are published on a public blockchain, but the sender, recipient, and amount of transaction remain private.
It provides strong privacy protections. It also offers protected transactions to the sender and the recipient, and value on the Blockchain network.
« Last Edit: May 20, 2018, 04:19:45 pm by Bobcrypto »
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Pheonyx

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Re: The advantages of zcash
« Reply #3 on: May 23, 2018, 05:06:23 pm »
Zcash (ZEC) is another Crypto currency like bitcoin but with a few different features. Like Bitcoin it is based on a decentralised blockchain but allows for anonymity behind transaction amounts and parties involved. In Bitcoin if you know someone's address you can follow their transactions and you can see which all the addresses and their transaction amounts - so its quite clear how much money is moving around, with ZCash all the information is encrypted
So meaning to say, even the kind of crypto you are sending by using the platform of zcash three is no way to trace? Like for example I am sending 1000 eth, my transaction will remain untraceable?
Please correct me if I'm wrong because I am still a learner in this space and my interest to learn as much as I can is realy great.
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THE ACTIVE
U N I T




......AN EXPERIMENTAL......
.PROOF-OF-TRANSACTION.
......CRYPTOCURRENCY......




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Bobcrypto

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Re: The advantages of zcash
« Reply #4 on: June 12, 2018, 01:41:21 pm »
I don't know about this crypto whether it is a token or a coin and the advantages of it compare with others. Do you guys can share anything about it?

Yes! Zcash is a cryptocurrency first lunched  in 2014. The Zcash Project was formally announced by ZECC CEO Zooko Wilcox-O’Hearn on January 20, 2016 as in evolution of the existing Zerocoin Project.
With the new Zerocash protocol, users can make direct payments to each other with a vastly more efficient cryptocurrency protocol that also hides the amount of payment, not just its origin.
In addition, Zcash is a cryptocurrency focused primarily on privacy. It works like the majority of the other cryptos and offers the same service, but what makes Zcash unique is the feature which allows users to make private transactions. The lack of privacy on the original system of the blockchain is one of the main reasons people don’t trust and don’t like to use cryptocurrencies, and Zcash exploited this fault to gain popularity by offering what many people were asking for: privacy.
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tamango

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Re: The advantages of zcash
« Reply #5 on: June 19, 2018, 11:32:13 pm »
Zerocash protocol is a really good improvement for Zcash.. this coin is one of most promising of "privacy coin" type. Team is great!

Burdogs

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Re: The advantages of zcash
« Reply #6 on: June 25, 2018, 02:39:52 pm »
I don't know about this crypto whether it is a token or a coin and the advantages of it compare with others. Do you guys can share anything about it?
here some advantage of ZCASH :
world class team of developers
ultimately same amount of coins as bitcoins
Potentially more effective governance
Offers exclusive privacy
Improved block-time of 2.5 minutes

ASTRO77

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Re: The advantages of zcash
« Reply #7 on: July 18, 2018, 12:37:11 am »

Zcash controls this by making a computation that doesn't require modern hardware to mine.

It has bring down exchange charges than bitcoin.

 

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