Zcash kaufen

Zcash - privacy coin

• Zcash emerged from the ZeroCoin project and was launched in September 2016.
• Zcash enables anonymous transactions. Depending on the purpose, the sender's address, the recipient's address or even the amount sent can be encrypted. This is intended to protect the privacy of users.
• Zcash's website states that if Bitcoin is http, then Zcash is https, so it is the better and more secure alternative. In addition, transactions are faster and cheaper than Bitcoin.
• Behind this is a new form of cryptography called zk-SNARK ("Zero-Knowledge Succinct Non-Interactive Argument of Knowledge").
• In this process, miners check a transaction for legitimacy without disclosing the information needed for the calculation. However, Zcash also supports the "selective disclosure" capability which allows the user to optionally prove that transactions have occurred. This allows the user to prove that money laundering laws and tax regulations have been followed.
• The Zcash Coin can only be generated by GPU or CPU mining (no ASIC).
• As with Bitcoin, there are 21 million units, however, it should be noted that a ceremony took place during the initialization process of Zcash, which not all Bitcoin enthusiasts trust 100%. In the worst case it is said, all 7 initiators (2 of them are unknown) could have played wrong at the start of Zcash, or a particularly talented hacker could have tapped the important information, so that it would be possible today to simply create more Zcash coins.
• Since the anonymity of Zcash means that it will never be possible to determine the total number of all coins, no one would notice this today. But the price would be lower according to the larger number of coins.

Alleinstellungsmerkmale von Zcash

• Anonymous payment method
• Focus on privacy and security
• Selective disclosure of transactions possible
• Not an open source community but a company based in the USA

Zcash: Technische Besonderheiten

• GPU- oder CPU- Mining (kein ASIC)
• insg. 21 Millionen Coins
• Blockzeit: 2,5 Minuten
• Hash-Algorithmus: Equihash
• zk-SNARK Kryptography