As you have seen, cryptocurrency is a digital currency created and managed through the use of advanced encryption techniques known as cryptography. Currently cryptocurrency is developing. Starting from an academic concept, it is now a reality with the creation of Bitcoin in 2009. While Bitcoin is able to attract growth in the following years. Then Bitcoin gained significant investors and also media attention in April 2013 when it peaked at a record $ 266 per bitcoin after jumping 10-fold in the previous two months.
Bitcoin uses the market value of up to $ 2 billion at its peak, but then Understanding the Development of Cryptocurrency in the World plunged 50% shortly afterwards after a fierce debate about the future of cryptocurrencies in general and in particular Bitcoin. One of the most pressing issues facing BTC users on a daily basis is high commissions for transactions. By 2018, their value is somewhat reduced, but it still does not make sense compared to Bitcoin's alternative platform commission. In addition, transaction speed is reduced and will continue to decline. In Blockchain by Bitcoin, an increase in the number of users stimulates a decrease in operating speed.
Experienced miners repeatedly emphasize the fact of first cryptocurrency mining in the face of the complexity of computing tasks' into unprofitable companies. Therefore, they should mine altcoin, and then, if necessary, convert it to BTC. Until now, network anonymization issues have not been resolved. With some effort, the origin of the transaction can be a detailed representation of each user's financial history. That is the reason many bitcoin traders and entrepreneurs who want to remain anonymous, are gradually declaring out of Bitcoin. All the losses mentioned require immediate resolution, but from the technological point of use, Bitcoin stays at the same level as ten years ago, from the moment of launch.
Alternative improvements offered by the ZeCash team. The project team uses the best made by the crypto industry, successfully combining the tools and procedures that are 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 newly revolutionary cryptocurrency coin. This revolution is not just a usage but based on the algorithm. ZeCash did a revolutionary PoW (Proof-of-Stake) algorithm that Bitcoin had with PoS (Proof-of-Stake). 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. 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.
ZeCash on 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).
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.
Staking with ZeCash
There is no need to spend a lot of money buying a big mining farm. Initial investment needed for that isjust a simple computer connected to the Internet and a wallet with ZeCash Coin. The balance in the wallet will grow; you just need to be patient. Simultaneously, ZeCash coins value will grow as well. A profit is guaranteed as ZeCash Coin values will increase due to the price growth along with the number of coins you mint. That is how ZeCash Minting is functioning. The amount of coins you would be able to mint is exactly equal to the amount of coins you have in your wallet. It is very similar to holding the bank account on the PC.
Staking Selection with CABS and RBS
Weighting the Miner could be easily executed based on the amount of coins the user has, but it will cancel out equality because only the biggest Minters will be selected. To tackle such an issue, ZeCash will use:
CABS (Coin Age Based Selection)
Here the minter is selected using ZeCash Coin age. Coin age can be translated loosely to how long the coins are held, and the coin age is multiplied with the stakes of the coins. To compete, your coin age must be above thirty days, and the longer the coin age the greater the probability of being selected. Once selected, the forger can stay on the throne for only ninety days to prevent those with longer coin age from reigning as forgers forever.
RBS (Randomized Block selection)
The randomized selection method decides who will be the next Minter by combining the size of their stake and the lowest hash value. Since the stake sizes are made public, it is completely transparent. Staking schemes are more environmentally efficient and indeed friendly compared to the alternative that expends a lot on electricity for mining.
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 merelvolusi cryptocurrency development by 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. https://ze.cash/tokensale/register
For more information about ZeCash, you can visit links below:
========================================================================
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/
========================================================================
Username Bitcointalk : Arifandi
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1566717
ETH Address : 0x8d05B599687942Ed4EC008a95EEAa9565B738924
