follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit

Author Topic: What is Zcash?  (Read 8446 times)

GasX

  • Jr. Member
  • *
  • Activity: 96
  • points:
    158
  • Karma: 3
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: May 29, 2019, 04:13:34 pm

  • Total Badges: 6
    Badges: (View All)
    Topic Starter Karma 50 Posts
Re: What is Zcash?
« Reply #30 on: February 04, 2019, 05:56:39 am »
Zcash is a peer to peer (P2P) cryptocurrency like Bitcoin. But unlike Bitcoin, its sole priority is to focus on private, anonymous, and fungible transactions that Bitcoin can’t-do. Zcash was forked out of Bitcoin and launched in October 2016, and it was previously known as Zerocoin. It is based on a special cryptographic protocol that shields a sender’s information, a receiver’s information, and the amount transacted between the two parties. Zcash’s open cryptocurrency project uses a zk-SNARK protocol. This is a new cryptographic zero-knowledge proof protocol that ensures privacy, anonymity, and fungibility of Zcash coins.

Altcoins Talks - Cryptocurrency Forum

Re: What is Zcash?
« Reply #30 on: February 04, 2019, 05:56:39 am »


MDPK

  • Plagiarism strike
  • Jr. Member
  • *
  • Activity: 89
  • points:
    151
  • Karma: -28
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: February 19, 2019, 03:15:09 am

  • Total Badges: 6
    Badges: (View All)
    Avatar 50 Posts Karma
Re: What is Zcash?
« Reply #31 on: February 04, 2019, 06:29:10 am »
Zcash is a cryptocurrency network that launched in October of 2016. Like other cryptocurrency networks (e.g. Bitcoin or Ethereum), Zcash allows anyone with a computer and an Internet connection to send and receive scarce tokens that can be used like cash on the Internet. The software that powers Zcash is directly derived from Bitcoin’s core software, but it has been modified in order to enhance user privacy. The members of the network who relay, validate, and bundle user transactions into blocks are, like in Bitcoin, commonly called miners. These miners are rewarded for honest participation with transaction fees and newly minted Zcash, and they must solve a difficult math problem (similar but distinct from Bitcoin’s mining algorithm) in order to earn the privilege of participation. As with Bitcoin, anyone can be a miner on the Zcash network, all they need is an Internet connection, a reasonably powerful computer, and the free and open source Zcash software. Zcash is an open blockchain network.

Altcoins Talks - Cryptocurrency Forum

Re: What is Zcash?
« Reply #31 on: February 04, 2019, 06:29:10 am »

alyanov

  • Plagiarism strike
  • Full Member
  • *
  • Activity: 221
  • points:
    287
  • Karma: -26
  • EndChain - Complete Logistical Solution
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: February 17, 2019, 05:20:53 am

  • Total Badges: 10
    Badges: (View All)
    Karma Good Poll Voter 100 Posts
Re: What is Zcash?
« Reply #32 on: February 05, 2019, 06:36:17 am »
Zcash is similar to Bitcoin in that transactions are posted on a public blockchain. However, privacy is ensured as personal and transaction data is kept confidential. This is made possible through zero-knowledge proofs. This allows transactions to be verified without any information about the sender, receiver, and the amount transacted. It is possible to disclose some transaction data at the user’s will through Zcash features known as ‘viewing keys’ and ‘payment disclosure.’ This makes transactions on Zcash auditable and regulation-compliant.

hidayatachad

  • Jr. Member
  • *
  • Activity: 129
  • points:
    190
  • Karma: 1
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: February 28, 2019, 06:00:32 am

  • Total Badges: 8
    Badges: (View All)
    Search Karma 100 Posts
Re: What is Zcash?
« Reply #33 on: February 07, 2019, 01:50:25 am »
Since the dawn of Bitcoin way back 2008, Zcash is one of the latest player on block of cryptocurrencies. Through the years, many altcoins have came out also from any part of the world and that is from Bitcoin inspiration where Zcash is one of them. A large portion of these renditions have attempted to concoct some upper hands opposite bitcoin, and keeping in mind that few have seen premium, many work with a little market capitalization, volumes and flow.
Enter Zcash, a decentralized and open-source digital currency, which looks encouraging. "In the event that Bitcoin resembles http for cash, Zcash is https," is the manner by which it characterizes itself. Zcash offers protection and specific straightforwardness of exchanges.
    ★  BITWIN  Epic BTC (((((((casino))))))) and Sportsbook - soon on blockchain!  ★,.,
    ❍ Whitepaper   ❍ Bounty  ❍ ANN Thread  ❍ Telegram   ❍ Social Media  ❍  
     Pushing the boundaries of iGaming Innovation   Join Whitelist  

enci55

  • Plagiarism strike
  • Full Member
  • *
  • Activity: 250
  • points:
    316
  • Karma: 2
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: March 07, 2019, 01:43:33 am

  • Total Badges: 10
    Badges: (View All)
    Avatar Karma Karma Good
Re: What is Zcash?
« Reply #34 on: February 09, 2019, 05:15:25 am »
Zcash is a privacy-focused blockchain and cryptocurrency that was developed in response to bitcoin’s flaws. It uses the same algorithm as bitcoin but improves upon it by enabling semi-transparent processing. In simple words, this means that it eschews the radical transparency of bitcoin’s blockchain for a more nuanced implementation. In this implementation, user transaction data is revealed selectively.
BITWIN.

██████████████████████
██████████████████████████████
██████████████████████████████████
████████████████████████████████████████
██████████████████████████████████████████
██████████████████████████████████████████████
████████████████████████████████████████████████
██████████████████████████████████████████████████
████████████████████████████████████████████████████
██████████████████████████████████████████████████████
████████████████████████████████████████████████████████
████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████
████████████████████████████████████████████████████████
██████████████████████████████████████████████████████
█████████████████████████████████████████████████████
███████████████████████████████████████████████████
██████████████████████████████████████████████████
████████████████████████████████████████████████
██████████████████████████████████████████████
██████████████████████████████████████████
████████████████████████████████████████
██████████████████████████████████
██████████████████████████████
██████████████████████

 

ETH & Token Donations: 0xc9CbFe089EBC2E27236F53D8cD2Afd3d337385fc