Steemit Crypto Academy Season 2: Privacy Coins. @eulalia1202

After reading your lecture on privacy coins I will proceed to do my homework with all the guidelines outlined.

My choice was the cryptocurrency ZCash (ZEC), the beginnings of this cryptocurrency was in 2014 and launched on the market in 2016, by students Matthew Green, Ian Miers and Christina Garman, whose main objective was to improve the privacy of BitCoin, at the beginning everything was very hard since they did not have the necessary implements due to its high consumption cost in relation to bitcoin, little by little they were working and generating the protocol called "ZeroCoin" this allowed us to see the transaction data normally like any other cryptocurrency on the blockchain, but with the great difference that the option of hiding the address of the sender and receiver as well as the amount transferred, this cryptocurrency is totally decentralized, but it is controlled by the company ZeroCoin Electric Coin Company, which mentions that sees all investors as contributors to its network without making changes to it. This cryptocurrency is mineable, and is protected through the Hash-256 proof of work that works in tandem with the SHA-2 algorithm, very similar to what happens with bitcoin. This cryptocurrency can be used for exchanges and for service payments.

It can be purchased through exchanges and debit card in different exchanges such as gemini, binance, kraken, okex among others.

Price on Coinmarketcap

Statistical data for today.

Official Web site.

As we can see, they have a large number of official profiles on social networks to generate breaking news and to encourage their investors to continue investing.

To create the zcash wallet, we will have to go to the zcash website, and locate the option "Get a Wallet" to begin.

Then it will send us to this page which allows us to download 3 wallets for different uses and for different devices in my case my computer is not very advanced and I decided to download an application for android.

It will send us to another site which, by clicking on the link, will send us a download through google play from our Android device.

Here we proceed to install our wallet "Unstoppable wallet"

We open the application.

We already have our zcash wallet app installed and now we proceed to create the wallet.

We start the creation of the wallet.

Once created, we can add the cryptocurrencies that we want to invest to our portfolio list.

If we click on the cryptocurrency in our portfolio we can send and receive transfers, as well as the option to make exchanges for other cryptocurrencies.

My selection was ZCash (ZEC), the reason was because it is a decentralized cryptocurrency and provides a lot of security in transactions for investors, since it allows you to carry out two different types of transactions, transparent transactions, and private transactions, it allows private transactions because it uses the “ZeroCoin” protocol, this allows total anonymity on the addresses of the issuer, receiver and the defined amount. This cryptocurrency is commonly used as a form of payment for goods and services, ZCash is being the cryptocurrency that has gained a lot of fame in recent times, considerably increasing the volume and its capitalization being in the first 100 positions of the indicators page "Coinmarketcap ”, ZCash works by means of the knowledge test, this allows the nodes to verify the transactions without the need to reveal the information of the sender and receiver. This cryptocurrency is mineable using the POW algorithm.

* It has an unsurpassed level of anonymity in transactions through the proof of knowledge algorithm.

* You can carry out two types of transactions, transparently and privately.

* It is included by various wallets, such as ledger and trezor, among others.

* Your transactions are very low cost.

* Allows multi-signature transactions.

* Speed in transactions.

* Their wallets are centralized.

* Complex transactions cannot yet be performed.

* There is little control through the founding company over the cryptocurrencies and decisions about it.

* It can be used for malicious purposes.

Zcash has a great performance among investors and lately it has been growing categorically in its capitalization and market volume due to its great performance, this privacy cryptocurrency is excellent for private uses since it provides a unique benefit in which many are benefited with them , This cryptocurrency currently lowered its price a lot due to the fall of BTC, but its developers mention that its value will soon rise due to the confidence that exists among investors.