Coin Spotlight: ZelCash

Limitless private transactions, messaging, and decentralized development platform.

What is ZelCash?

ZelCash is a mineable cryptocurrency that offers private, anonymous transactions and plays a prominent role in the Zel Ecosystem as a transaction of value. The technologies within the stack work with each other and can be integrated with technologies outside of the ecosystem. It is designed as an open system in partnership with closed source technologies.

The ZelCash digital currency is based on the foundations of Zcash and also uses zero-knowledge proofs. It has chosen to utilize the privacy features of Zcash to enforce the vision of privacy, anonymity, and to increase the adoption of these features through a large, scalable network.

ZelCash is the main chain for all Zel products and is deeply rooted within the Zel infrastructure. ZelNodes is a scalable, decentralized blockchain development network that consists of a distributed network of nodes. It is incentivized by Zelcash through block rewards and various economic models such as transaction fees or operation fees for dApps.

Zelcash is also the mechanism of transaction for the Zeldev platform. Onboarding processes and fees and services will be directly linked to the Zeldev infrastructure and require Zelcash.

Zel Technologies

Zel Technologies works on a variety of projects and applications in addition to ZelCash. They all cohabit and interact in a symbiotic relationship within the Zel Ecosystem. The project was founded on the value of creating a decentralized blockchain network with higher transactional throughput.

This allows Zel to tackle scalability issues currently being experienced in the blockchain space and allow decentralized applications, smart contracts, decentralized oracles, voting systems, etc. to be developed in a scalable manner.

Below is a short list of applications within the Zel ecosystem:

ZelCore Wallet Screenshot

ZelCore — multi-asset wallet platform that uses encryption to keep its users safe and offers both lightweight and full-node options. They have just included support for Monero.

Zel ID — an authentication system designed to enable users full control over their digital identities

ZelPay — payment software to use in website plugins or point-of-sale terminals and will allow businesses to accept cryptocurrencies found in ZelCore as well as fiat currencies. It will also provide high levels of analytics and sales details to help grow their businesses.

ZelDev — is designed around developers to make working with blockchain easy and accessible by giving them access to Zel SDK and BDK. This will allow for easy adoption of blockchain into new or existing projects and lowers the barrier of entry for developers. It will be the mainchain on the ZelNode Network.

ZelChains — sidechains and assetchains that will also operate on the ZelNode Network that will drastically increase the total transactions per second by opening up additional resource pathways. This will allow for true decentralization in a scalable manner.

ZelEx — a decentralized exchange built on top of the ZelDev Network.

ZelDapp Store — a central hub for decentralized and centralized applications. It is designed to grant developers access to a large user base on a cross-platform solution. ZelCore will operate as the sandbox for these dApps to allow for faster access and development time.

Coinplan is very excited to feature ZelCash because they are working on making blockchain technology more accessible, scalable, and usable to foster adoption. They are looking to create an intuitive, frictionless experience that can facilitate cross-chain transactions and allow developers to focus on solutions within an all-inclusive, standardized environment. This resulting in the free creation of dApps and smart contracts open and available to everyone.

The team has just released their plans for Project Paradigm, which will also include a premium service that combines all the powerful crypto tools onto the ZelCore platform that users utilize on a daily basis.

You can view ZelCash inside Coinplan’s Alliance Portfolio here.

To learn more about ZelCash, please take a look at these useful links:

ZelCash Website

Discord

Telegram

Twitter