ZeCash - decentralized crypto currency
ZeCash - decentralized crypto currency
The economic system to-day is suffering many changes. Its relevance became in question with the advent of crypto currency, which is gaining popularity every day. Previously, only financial specialists knew about it, and now you will not find a person who has not heard about the crypt. Crypto currency is online money, which today is recognized all over the world. Competition is on the rise, new coins are emerging, but not all can meet the needs of users. The team of crypto currency ZeCash, tried to solve all the actual problems of users, let's find out how.
What is ZeCash
Currency features
Problems and solutions
ZCH token and purchase details
Conclusion
What is ZeCash
ZeCash is an open source crypto currency. It was created with the help of the special protocol ZeProtocol, which guarantees full anonymity of all participants. And the PoS protocol promotes more cost-effective implementation of funds. The team tried to solve the actual problems of users and improve modern mechanisms of work. It focused on the practical application of currency - to simplify electronic commerce, private payments and online business. Despite the fact that now many options are offered, there is still no simple and convenient solution for traditional payments. Most currencies are used for speculative purposes and, thereby, they lose their true value.
Currency features
The main feature of this currency is, perhaps, anonymity. All data is encrypted, and to confirm the actions you need your personal script. The rest of the system is taken care of, you have nothing to worry about. Evidence with zero disclosure allows you to confirm the reliability of the transaction, but do not decrypt it.
Block is known as a fast data processing technology, the development team claims to use a more advanced version of it, so the bandwidth can be up to 440,000 transactions per second. That is, all transactions will be conducted as quickly as possible. A
The network used by Lightning provides the minimum fees for operations. The computational power is replaced by a virtual resource, so the benefit from ZeCash mining is greater than from the mining of other coins.
Problems and solutions
ZeCash developers argue that traditional financial systems are outdated and even Bitcoin, which has become a better alternative for it, has a number of aspects that do not meet modern technical requirements. Therefore, even it can not fully satisfy the needs of users.
One of the most pressing problems faced by users is the high amount of commissions. Also, the speed of transactions is falling: users are becoming more and more, loads are increasing, and there is not enough resources to solve this problem. ZeCash provides high speed of transactions. The problem is that, with a little effort, you can find out the origin of the transaction and the complete financial history of the user. The question of anonymity remains open. ZeCash is a decentralized open source crypto currency that guarantees a high level of privacy, thanks to the ZeAnon protocol. The protocol protects transactions: it hides the sender, the recipient, and the amount of funds.
Token and purchase details
Token: ZCH
Platform: Ethereum
Type: ERC20
Cost: 1 ZCH = 285.81 USD
Sold tokens will be sent to:
65% - development and launch of new crypto currency ZeCash;
20% - marketing campaigns
15% - other operational and legal costs.
Thanks to ZeCash, even a user with low initial capital can enter the crypt industry with a guaranteed stable income,
Since there is no need to buy expensive equipment for coin mining. You can get extra profit when mining ZeCash just because you already have this coin in your wallet.
Conclusion
About 10 years ago Bitcoin made it clear that there is an alternative to modern financial systems. Since that time, there have been many altcoyins who have tried to improve the solutions offered by Bitcoin. But most often their actions were aimed at solving only one of the problems, which is not enough for today. Team ZeCash approached this using the most relevant innovative technologies that exist. They managed to solve such problems as speed of carrying out of transactions, to bypass high commissions, to give full anonymity and protection of their users. On ZeCash you can follow the course, get acquainted with the team and the road map of the project, and start a purse and purchase coins.
- More information can be found here:
- WebSitе
- Whitepaper
- Telegram