About ZeCash

ZeCash is a cryptocurrency based on the PoS algorithm. It was created to simplify e-commerce, make private payments, online businesses, and retail stores. Transactions in the network do not have commissions and are quickly implemented. Since free ZeCash mining is impossible, we can confidently talk about strict emissions and high security at the transactions time. The coin can be considered decentralized, unlike other cryptocurrencies, most of the capacities of which are controlled by only a few large pools.

The changes that the world economic system has experienced in the current decade are more significant and weighty than anything that happened throughout the twentieth century. The reason why all the usual financial institutions are forced to change for the better, reviewing the basics of their existence, is the widespread dissemination of crypto economics. Its development is extremely rapid, as it does not tolerate its weaknesses and imperfections. This development course is most evident in the example of digital economy key element self-improvement – cryptocurrency.

Basic Information

Token Name ZCH Token Sale 350,000,000 ZCH Social Media Token Price 0.1 USD Platform Ethereum Token Supply 500,000,000 ZCH Hard Cap 35,000,000 USD Soft cap 20,000,000 USD Whitepaper Click Here For View Whitepaper Website Click Here For Visit ICO Homepage

Token Distribution

50% Public Sale 15% Reserved 10% Institutional 20% Marketing 5% Legal

How Does It Work?

ZeCash is a revolutionary cryptocurrency based on the PoS algorithm. The new currency was created to simplify e-commerce, make private payments, online businesses, and retail stores. Transactions in the network do not have commissions and are quickly implemented. Since free ZeCash mining is impossible, we can confidently talk about strict emissions and high security at the transactions time. The coin can be considered decentralized, unlike other cryptocurrencies, most of the capacities of which are controlled by only a few large pools. The qualitative distinction of the new cryptocurrency is the orientation to practical application. Despite the glut of the market with a variety of cryptocurrencies, today there is no simple and convenient solution for traditional calculations. Most currencies are used for speculative, thereby losing their true purpose.

Features

Fast processing

Zecash will offer Lightning Network system to process instant Payments and rapid issuance.

ZeProtocol

Cutting hedge proprietary protocol to process Pos transactions on High-security Level.

Controlled supply

ZeCash will have a Cap of supply in order to constantly keep a rising price and not occur dilution of ZeCash holders in future.

Decentralized

The global network of computers – not a single network that manages the database jointly, thereby recording the ZeCash transactions around the world.

ZeWallet

Windows/Linux/Mobile/Web Wallet. Auto-exchange between other major Coin wallets.

Market Issues

One of the most pressing issues that BTC users face daily is high commissions for transactions. In 2018, their value was somewhat reduced but still remains unreasonably high in comparison with the commission of Bitcoin alternative platforms. In addition, the transaction speed is reduced and will continue to decline. In the Blockchain by Bitcoin, the increase in the number of users stimulates a drop in the speed of operations. Experienced miners repeatedly stressed the fact mining the first cryptocurrency face of the computing tasks’ high complexity became an unprofitable enterprise. Therefore, they have to mine the altcoins, and then, if necessary, change them to BTC. Up to date, the issue of anonymizing the network has not been resolved. With some effort, the origin of transactions can be a detailed representation of the financial history of the user. That is the reason many traders and bitcoin-entrepreneurs wanting to remain anonymous, gradually declare off Bitcoin.

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ZeCash Missions

ZeCash team does not set excessively global goals, does not make loud promises. ZeCash is talking only about the mechanisms’ improvement and processes inherent in the cryptocurrency structure. ZeCash got rid of the downsides that prevented the first cryptocurrency full operation for ten years of existence, taking care of the following opportunities for users:

You can Mint/Mine and earn fixed interest with low fees.

PoS security with ZeProtocol, which contain a Chain trust, and Delegated Shuffle.

Anonymity with “ZeAnon” protocol, which allows transaction re-mixing, ring signature.

Very fast transaction speed, no pending transactions guaranteed.

ZeCash Proof of Chain/Stake always fair with Coin Age-Based Selection.

ZeCash on Proof-of-Stake

What is Proof-of-Stake?

Proof-of-Stake (PoS) is a type of algorithm in which distributed harmony is achieved by a Cryptocurrency blockchain network. The creator of the next block in PoS based Cryptocurrency is selected or chosen through various combinations of random selection and wealth or age (the Stake). Compared to Cryptocurrency based on Proof-of-Work (PoW) such as Bitcoin make use of complicated cryptographic puzzles in order to mark transactions valid and create new blocks. The first type of cryptocurrency, the Bitcoin, uses the Proof-of-Work. It makes use of puzzles that align to cryptography to authenticate the transactions done and even mine, create new blocks. Bitcoin and Litecoin are cryptocurrencies known to use PoW.

Proof-of-Work use Miners to mine blocks

Proof-of-Stake use Minters to mint blocks

Advantages Of POS

The currencies using Proof-of-Stake can be thousand times more cost-effective than the Proof-of-Work, which relies on the use of energy. Following a Bitcoin mining-farm operator, the energy consumption totaled 11,388 KWh per Bitcoin in 2014. This is equal to combusting 752 gallons of gasoline, in terms of carbon production.

In addition, the incentives gained by block-generators are different. In the case of Proof-of-Work, the generator may or may not own any of the currency they are mining. Maximizing their own profits is the only incentive of the miners. While in Proof-of-Stake, the miners guiding the coins are always the ones who own the coin.

Staking

It is an incentive process to reward people that mint their ZeCash into their wallet for transaction validation. Our users are involved in buying the coin that will remain in a wallet for a certain fixed period. It is same as putting money in a fixed deposit for a fixed period. Here, the owner of a new block is chosen on the person’s stakes. The stakes translate to the extent of the user’s wealth or amount of ZeCash coins the holder has in his possession. In

staking, mining does not occur; instead, the creation of new blocks is minted. The Minter creates the new blocks in the system and makes sure transactions are authenticated. To authenticate transactions, the Minter is expected to place his currency units on “stakes”, meaning they access their ZeCash Wallet to maintain the network. In a fixed deposit, you will get interested as a reward. In Proof-of-Stake, the reward would be the additional coins. The below-given factors will define how the amount is distributed.

PoS Security with ZeProtocol. ZeCash solution

Problem

In the event of a fork, the optimal strategy for any miner is to mine on every chain, so that the miner gets their reward no matter which fork wins. Thus, assuming a large number of economically interested miners, an attacker may be able to send a transaction in exchange for some digital goods (usually another cryptocurrency), receive the good, then start a fork of the Blockchain from one block behind the transaction and send the money to themselves instead. Even with just 1% of the total stake, the attacker’s fork would win because everyone else is mining on both.

Solution

ZeProtocol of ZeCash resolves this issue by using a double-block protection mechanism and coinage consumption. Coins which have been held for up to 30 days begin to compete for the next block. The greater probability for signing the next block goes to older and larger sets of coins. Nonetheless, once a coin has been staked and used to sign a block, they must start with zero ‘coinage’ and thus have to wait for a minimum of 30 days before signing another block. It is also best to note that the probability of finding the next block reaches a maximum after 90 days to help prevent or stop very old or very large collections of stakes from controlling the Blockchain.

Anonymity with ZeAnon

Users are given a degree of anonymity that traditional banking systems do not offer. The traditional banking system is obligated by law to show and expose whoever deals with them, and this kills whatever anonymity the traditional system might have claimed to have. Since the Blockchain ledgers are made public, the cases of anonymity over the years have been raised. Quite a number of users love the comfort of anonymity for private reasons, which might range from it is not being able to be confiscated by law enforcement agencies, and the sake of privacy. Bitcoin uses pseudo-anonymity that does not allow a user to be linked to his name or home address, but can instead be linked using the public Bitcoin address. One can be traced only through the address, but not through the personal details.

Team

Member Guy Tran-Hoang – Founder / CEO Olivier Danvel – CTO Sami Haddad – COO Chintan Thakkar – Senior Advisor Austin Muhs – Senior Advisor Fares A. Akel C. – Technical Advisor

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[su_quote]This article is writing on 24 May 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: support@coinworldstory.com Or Whatsapp Us- 918077121282.[su_quote]

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