Bitcoin is a translation of a concept called "cryptocurrency" firstly initiated by Wei Dai in 1998. This concept emphasizes the control system that governs the creation and also the transaction, where the cryptographic algorithm regulates only the owner of Bitcoin alone who can use the money, respectively - the owner of Bitcoin acts as a user as well as a currency regulator, not by any government or agency. The first Bitcoin currency was published by Satoshi Nakamoto in 2009. Yet a year later he left the Bitcoin project without much exposure as to who he was. But the development of Bitcoin continues to run with the emergence of new developers in the community, even its open source-based applications can be downloaded by developers who want to re-review the code line in it or make their own version of Bitcoin app.
Bitcoin has appeared in a few years and many people are asking about bitcoin at this time because of its fantastic value. As it has been revealed that bitcoin uses the concept of cryptocurrency. Cryptocurrency is just a line of computer code that has monetary value. This line of code is made by electricity and computers are very high-performance. How, so now electricity and computers can have a selling point like a currency. Cryptocurrency or virtual currency is a public digital money created with careful mathematical calculations and is being watched by millions of computer users called "miners" or miners. So this currency is ghoib alias we can not see and hold. Crypto derived from cryptography is a security process used to protect transactions by sending the code for purchase. Cryptography also controls the creation of a new "coin", a term used to describe a certain amount of code. This cryptographic system utilizes an algorithm to ensure transactions-wherever it is in the secured world. It not only secures transactions done, it ensures that the illegal creation of additional bits of currency is not possible, and culminates it all, with the verification of the transferred asset. Unlike ordinary currencies that can easily be seized by law enforcement agencies, currencies stored in crypto form are difficult to confiscate because of cryptography. The leading online currency known to humans is Bitcoin, created in 2009, and still dominates the world of Cryptocurrency.
Ten years ago, Bitcoin made a financial revolution, irrevocably undermining the basic idea of what money is and how it should function. Now obviously the first cryptocurrency has many flaws. Every altcoin that appears on the market brings an effort to improve a number of decisions that are sealed in Bitcoin. We offer ZeCash name solution. To create ZeCash Coin, the project team uses the best made by the crypto industry, successfully combining the tools and procedures common to users and developers with genuine innovation, plagiarism, because even today we can guarantee a high interest in ZeCash Coin. The ZeCash team focuses on eliminating the above losses by implementing technical initiatives that will gain widespread popularity among all crypto holders. For detailed info about ZeCash please visit the official website and read whitepaper, join on telegram. If you are interested in ZeCash project please participate in the following link. (https://ze.cash/tokensale/register)
ZeCash is a revolutionary cryptocurrency based on the PoS (Proof-of-Stake) algorithm. New currency created to simplify e-commerce, make personal payments, online business, and retail stores. Transactions in the network have no commissions and are quickly implemented. Since ZeCash free mining is not possible, we can confidently talk about tight emissions and high security at the time of the transaction. Coins can be considered decentralized, unlike other cryptocurrencies, most of their capacity is controlled by only a few large pools.
We are only talking about the repair and process mechanisms that are attached to the cryptocurrency structure. We get rid of the flaws that prevent the first full cryptocurrency operation for ten years of its existence, taking into account the following opportunities for users:
ZeCash Proof-of-Stake
Proof-of-Stake (PoS) is a type of algorithm in which distributed harmony is achieved by a Cryptocurrency blockchain network. The creator of the next block in PoS based Cryptocurrency is selected or chosen through various combinations of random selection and wealth or age (the Stake). Compared to Cryptocurrency based on Proof-of-Work (PoW) such as Bitcoin make use of complicated cryptographic puzzles in order to mark transactions valid and create new blocks.
There must be a way of choosing the next valid block in any block chain. If the selection is done via account balance, it would result in an undesirable centralization as the single richest member would have a permanent advantage. In order to avoid this, some methods have been devised. Before we discuss about the Proof of stake scheme and protocol in ZeCash coin, let us discuss the forerunner, Proof-of-Work (PoW). The first type of cryptocurrency, the Bitcoin, uses the Proof-of-Work. It makes use of puzzles that align to cryptography to authenticate the transactions done and even mine, create new blocks. Bitcoin and Litecoin are cryptocurrencies known to use PoW.
Advantages of PoS
The currencies using Proof-of-Stake can be thousand times more cost-effective than the Proof-of-Work, which relies on the use of energy. Following a Bitcoin mining-farm operator, the energy consumption totaled 11,388 KWh per Bitcoin in 2014. This is equal to combusting 752 gallons of gasoline, in terms of carbon production. In addition, the incentives gained by block-generators are different. In the case of Proof-of-Work, the generator may or may not own any of the currency they are mining. Maximizing their own profits is the only incentive of the miners. While in Proof-of-Stake, the miners guiding the coins are always the ones who own the coin.
ICO details
To finance the ZeCash revolutionary cryptocurrency development, an ICO will be conducted. On March 31, the public sale to investors was launched; it will last until December 31, 2018. To date, a system of bonuses allows you to get an additional 10% benefit.
After the fundraising phase ends, the project development will take place according to the compiled and declared Roadmap on the website. To date, the project team is already negotiating the token listing on leading crypto-exchange exchanges.
ZCH Token
The ZCH token will be released on the ERC-20 basis. 500 million tokens will be issued at an initial price of $ 0.10.
Sixty five percent of the tokens’ total number sold will be directed to the development and launch of the new ZeCash cryptocurrency; 20% will be distributed to the product marketing campaign, the remaining 15% will cover other operational and legal costs. As the ICO ends, all unsold tokens will be burned. At this stage, the token is already available for reservation on the official website.
Conclusion
ZeCash revolutionizes cryptocurrency development using PoS. Proof-of-Stake (PoS) is a type of algorithm in which distributed harmony is achieved by a Cryptocurrency blockchain network. Not like bitcoin using PoW. Proof-of-Work (PoW) uses puzzles parallel to cryptography to authenticate transactions done and even mine, creating new blocks. Bitcoin and Litecoin are known cryptocurrencies using PoW. Excess Proof-of-Stake can be a thousand times more cost-effective than Proof-of-Work, which relies on energy use. Following the Bitcoin mining operators, energy consumption reached 11,388 KWh per Bitcoin in 2014. This is equivalent to burning 752 gallons of gasoline, in terms of carbon production. In addition, the incentives gained by different block producers. In the case of Proof of Work, the generator may or may not have one of the currencies they are mining. Maximizing their own profits is the only incentive for miners. While in Proof-of-Stake, the miners who guide coins are always people who have coins. With the advantages of ZeCash we suggest you as a smart investor to participate in this project.
For more information about ZeCash, you can visit links below:
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Website : https://ze.cash/
Whitepaper : https://ze.cash/assets/docs/Zecash_Whitepaper.pdf
ANN Thread : https://bitcointalk.org/index.php?topic=3229718.0
Facebook : https://www.facebook.com/ZeCash-178476346280771
Twitter : https://twitter.com/ZeCash_official
Telegram : https://t.me/ZeCash
Reddit : https://www.reddit.com/r/ZeCashOfficial/
GitHub : https://github.com/Ze-Cash/
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Username Bitcointalk : Arifandi
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1566717
ETH Address : 0x8d05B599687942Ed4EC008a95EEAa9565B738924
