Paso 4:

En esta siguiente captura de pantalla se observa como se está instalando la aplicación.

Paso 5:

Al completarse la instalación aparece la opción abrir la aplicación, y se le da clic en abrir.

Paso 6:

Para el ingreso existen 3 alternativas y tú eliges la de tu preferencia yo elegí a través de mi número telefonico.

Paso 7:

En este siguiente paso se coloca tu número telefónico y se le da ingresar, el sistema enviará un código de verificación a tu número de teléfono.

Paso 8:

Ingresa el código recibido y dale clic en continuar .

Paso 9:

En este siguiente paso solicitará la creación de un código de 4 dígitos y repetir el ingreso del código que debe ser guardado y recordado para el próximo ingreso .

Paso 10:

El ingreso fue exitoso ya se puede comenzar a operar en el monedero.

3.- Proporcione una explicación del motivo por el que eligió la moneda de privacidad. (Enumere las ventajas y desventajas)

Ventajas:

• La primera ventaja es su anonimato, muchas personas sienten más seguridad al realizar una transacción dónde no se ponga en evidencia montos ni identidad pública.

• Sus comisiones por transacción son sumamente bajos en comparación con otros criptoactivos.

• Su crecimieto exponencial desde su lanzamiento representa para sus inversores una gran espectativas de ganancias.

• Su opción de uso la hace más atractiva a los usuarios dónde pueden decidir si utilizarla de forma transparente o protegida.

• El registro en el monedero es sumamente sencillo y cualquier persona puede realizarlo en unos simples pasos.

Desventajas:

• Aun cuando existe la posibilidad de realizar las transacciones de modo protegida, los usuarios en su mayoría deciden utilizar el modo transparente , por lo que no se le da el uso de modo protegida en su mayoría.

• Se debe tener presente que existen monederos que pueden ser utilizados solo para transaciones transparentes y no para ambas opciones lo que representa que debas utilizar y registrarte en otro monedero si deseas transacciones blindadas.

Conclusiones

Considero este tema del día de hoy muy importante, la privacidad de nuestros activos representa una parte vital de nosotros, la seguridad y confianza al momento de realizar una transacción determina la probabilidad de volver a realizar ese proceso o dirigirnos a otra alternativa. Zcash representa a mi parecer una excelente alternativa a la hora de seleccionar una moneda por su privacidad y escalibilidad ya que sus predicciones son positivas a un futuro .

Gracias por leer

Cc:
@levycore

Z cash privacy coin

Hello to all my dear friends of the cryptoacademy once again I am pleased to participate in this season's assignments, in particular that of professor @levycore who always provides excellent information on such interesting topics related to cryptocurrencies Today I will develop the topic in which 3 questions must be answered, in this case I will answer them according to the privacy currency that I chose Zcash; Let's get started.

Since I was little I remember that in my toys I had a bag of Legos where I kept my favorite toys, I did not like that my cousins ​​grabbed them because I felt that they could damage them, when they got home I took out all my toys except for the bag of Legos , I was the only one who could use them when I played alone and that was so why I decided it myself, I felt secure in their use as long as I was alone, very well they say that nobody takes care of our things like ourselves, true, it seems to me then That is a clear example of privacy, now that I am older I see how necessary privacy is, since it creates security in you, that is the case of privacy coins in my opinion its main function is to create a high level in its users security in your processes.

_{logo designed by @yorma in logo designer}

Privacy currencies then are those that allow the confidentiality of certain data when carrying out transactions, that is, they hide certain information when transactions are carried out with the purpose of creating more security in users and thus the origin of any transaction is not known. and the amount, some people may come to think that this on the contrary represents higher levels of insecurity if they see it from the traditional point of view, but if we think about it, to what extent is it good for people to know what assets you have What assets do you receive? What assets do you send? That ultimately is not confidentiality, it does not represent security for me.

1.- Choose a privacy coin and perform a detailed fundamental analysis of the coin.

After the creation of bitcoin and hundreds and hundreds of currencies, which generally revolutionized the world of cryptocurrencies, these are not completely anonymous but pseudo-anonymous, that is, each user at the time of making a transaction will expose their public address in The Blockchain and these can be traced on the network, for this reason there was a need to create a currency with higher degrees of privacy and security to prevent all these third-party actions in which identities and transaction data are revealed.

Source

Z cash was born in 2016 to meet the demanded needs of privacy and anonymity, it is a decentralized cryptocurrency that uses a cryptographic method called zk-SNARK, this means Zero Knowledge Proofs. In this method, the sender and the receiver can carry out transactions without revealing the addresses or keys of each, which makes it impossible to track addresses in the Blockchain.

Zcash offers two transaction alternatives that the user can choose according to their convenience since it allows optional anonymity, the transactions can be transparent or protected, the first have their function very similar to those of bitcoin, these transactions can be carried out through public addresses , stored in the Blockchain where you can view shipping addresses, reception, shipping time and amounts, now there are users who want to make 100% of their operations anonymous, and that is where the protected or shielded transactions are revealed, which Through the proof of zero knowledge method, it allows transactions to be carried out on a chain of blocks, although public but immutable, that is, the information of the transaction is reflected in a ledger but the information is revealed to the general public, that allows users to perform their most intimate operations, it is there where we can see how complete and s this cryptocurrency and differentiated from others that do not provide that optional privacy option.

The popularity and use of this cryptocurrency every day is greater in the whole world, and if we go to the list of the Zcash community you can see many places where this digital currency is already accepted to make purchases, from clothing stores and footwear, even service payments, not to mention that the fees and commissions for the transactions carried out are extremely low compared to other cryptocurrencies, their commission is below 1 cent of the dollar.

Z cash benefits

• Low rate:

The fees for z cash transactions are very low even when there is a high volume of transactions and the Blockchain must validate all these processes, the rate is below 1 cent.

• Resistance to attacks and censorship:

How we are talking about a decentralized Blockchain network, it does not operate under a central entity that is, it cannot be censored or govern influence over the network.

• Anonymous:

Thanks to the use of zero-knowledge proof technology, the network can verify and process Zcash transactions without revealing public addresses to users and transfer amounts.

• Easy access:

This allows easy access and use on multiple exchanges, as it is a very popular cryptocurrency.

• Acceptance worldwide:

In various parts of the world this cryptocurrency is already widely used and you can make use of it as a monetary alternative since many businesses, services, organizations, among others, accept them as payment.

For today we can see from the coinmarketcap page the quotation of the Zcash currency (ZEC).

Source

Also in the following screenshot we will observe the statistical data of the Zcash coin

Source

Wallets for Zcash

Wallets are devices used to store digital tokens and that your assets are safe and secure, to make use of them when you decide, for Zcash we have a particularity since some wallets are designed to carry out transactions both transparent and shielded and others are used only for transparent transactions.

In this list of purses you will find 0 to carry out the transaction according to your needs, if you want a purse where you can trade in a transparent or armored way, any of the first three options will be adjusted to your needs, if on the contrary you will only carry out transparent transactions from the option 4 onwards adjusts to your need.

• ZecWallet FullNode
• ZecWallet Lite
• Shielded Guarda
• Atomic Wallet
• BitGo
• Cobo
• Coinbase
• Coinomi
• Exodus
• Freewallet
• Jaxx Liberty
• Ledger
• Wnbit
• Trezor
• Trust
• Zcash

2.- Describe the steps to create a wallet for the privacy currency of your choice. (Screen shot required).

After appreciating all the existing wallet options, I decide to work with one that is easily accessible, it can be downloaded by the play store in very simple steps that I present below how to find the Zcash wallet:

Step 1:

Place in the search bar on playstore wallet Zcash to start the search.

Step 2:

From the options that the search returns, we locate the one of our interest, in this case the one in the blue box, the one indicated by the arrow.

Step 3:

Here we see the zcash wallet application and click to install it on our phone.

Step 4:

In this next screenshot you can see how the application is being installed.

Step 5:

When the installation is complete, the option to open the application appears, and you click open.

Step 6:

For the income there are 3 alternatives and you choose the one of your preference I chose through my phone number.

Step 7:

In this next step, you enter your phone number and enter, the system will send a verification code to your phone number.

Step 8:

Enter the code you received and click continue.

Step 9:

In this next step, it will request the creation of a 4-digit code and repeat the entry of the code that must be saved and remembered for the next entry.

Step 10: The entry was successful and you can start to operate in the wallet.

3.- Please provide an explanation of why you chose the privacy currency. (List the advantages and disadvantages)

I must say that what made my attention focus on this Zcash coin is initially its similarity to bitcoin in terms of its structure, another aspect that I noticed and made me choose it is the option it offers to be used with either of its two alternatives to transparent or protected transactions and finally why it is very popular these days.

Advantage:

• The first advantage is its anonymity, many people feel more security when carrying out a transaction where amounts or public identity are not revealed.

• Its transaction fees are extremely low compared to other crypto assets. * Its exponential growth since its launch represents a great profit expectation for its investors.

• Its use option makes it more attractive to users where they can decide whether to use it in a transparent or protected way.

• Registration in the wallet is extremely simple and anyone can do it in a few simple steps.

Disadvantages:

• Even though there is the possibility of carrying out transactions in a protected mode, the majority of users decide to use the transparent mode, so it is not used in a protected mode for the most part.

• It should be borne in mind that there are wallets that can be used only for transparent transactions and not for both options, which means that you must use and register in another wallet if you want shielded transactions.

Conclusions

I consider this issue of today very important, the privacy of our assets represents a vital part of us, the security and trust at the time of making a transaction determines the probability of performing that process again or going to another alternative. Zcash represents in my opinion an excellent alternative when selecting a currency for its privacy and scalability since its predictions are positive for the future.

Thank you for reading

cc:
@levycore