"My Bull Coin Of The Week:Zcash"
Hello to everyone in zero to infinity community and other communities around the world.It is another week and a great contest organized by @tarpan. And I am very honored to take part in the contest. The best bullrun coin I am to talk about is Zcash.
source
Zcash is a decentralized cryptocurrency focused on privacy and anonymity.
Zcash is a cryptocurrency that offers two types of addresses;the Transparent address that is publicly on the Zcash blockchain and Shielded address that are more private.
Coinbase customer can receive Zcash from both Transparent address and the Shielded address and send Zcash to transparent address, but sending it through shielded address is not yet supported at this time.
How does it work.
According to coinbase, Zcash enable a range of public and private transactions type. Public address can send "shielded" transactions to private address, or transactions can either be fully private or public. Zcash makes use of Zero-Knowledge proofs on order to keep information about the sender, receiver, and the transacted amount private whenever "shielded" ZEC transaction is made.
The development work on Zcash began in 2013 by Johns Hopkins professor Matthew Green and some of his graduate students.
Zcash was first mined in late October 2016.
The initial demand was high and within a week Zcash coins were trading for five thousand dollars a piece. Ten percent of all coin mined for the first four years were to be allotted to the Zcash company, it's employees, the investors and the non-profit Zcash foundation.
The Zcash company raised over $3 million from Silicon Valley venture capitalists to complete development of Zcash.
Zcash is based on Bitcoin's codebase. It shares many similarities, such as a fixed total supply of 21 million units.
Statistics from CoinmarketCap.
The current price for Zcash into dollars.
Thank you for your time and attention.
Nice 👍
Thank you @titi7
For more,you can visit this community
JOIN WITH US ON DISCORD SERVER: