Zecash is created to use blockchain technology to revolutionized Bitcoin flaws to a better alternative. It is base of algorithms proof of stakes. Zecash is created to simplify e-commerce, make private payment, online business transactions and retails stores.
So many cryptocurrencies traders and holders have suffered many undue processes using bitcoin old systems that have been out of date without any upgrade and this has to make bitcoin unable to meet the needs of its users of recent. Zecash is here to create the best alternative system for it investors and users.
There are a lot of issue bitcoin users go through that is beyond their control and this has made them start looking for an alternative. Some of these issues are;
Ø The first one is the issue of high commission for the transaction. In 2018, Bitcoin transactions commission was skyrocket and it was not commensurate to the services they were rendering. There was a reduction in their transaction speed that it started taking 24 hours even days before transactions can be confirmed. This problem stopped a lot of Bitcoin users that have low income to invest or participate in some Initial Coin offer (ICO) to invest in 2018. When you consider the amount you have in your wallet and consider the commission you will have to pay to participate in the ICO you will be discouraged to invest. Some investors manage to invest but before the transaction could confirm the ICO would be closed or the ICO would have moved to another stage and more money would have been added and this will affect the profits making of the participants. They didn’t prepare for a world-class platform that will withstand an increase in the demand. All their systems are out of date to withstand the higher demand for users to have a smooth running of transactions without delay. The more users come in the more transactions speed decline. But the Zecash platform is developed with a sophisticated system that will be able to meet increasing demands from mainstream traders and investors. Transaction within the network is free and as a result of this there you there will high speed of transaction confirmation.
Ø Secondly, the problem of anonymizing the network has not been solved. Just a little effort, the financial history of the origin transaction can be details represented for any users. This is the reason why some many bitcoin investors wanting to remain anonymous and gradually declare of bitcoin. Everybody values his or her security and privacy. In so many, a time bitcoin have evaluated this right as a result of not have the quality system that helps to keep the data of its users secure for hackers and for the public. When your data is insecure you become a witch-hunt. This is not healthy for investors. Zecash team has ensured to develop a system that will eliminate this flaws that have given so many bitcoin users concerns.
Ø Thirdly, Zecash platform is base on proof of stakes (POS), unlike the bitcoin that is based on proof of work (POW). There will be no free zecash mining and as a result of this, there will be high security in transactions time. But bitcoin operate base on POW which creates low security on the transaction time.
You can see the reasons why this project is worth investing in. Investing in this project will be great and you have a lot of benefits.
Website: https://ze.cash/
Whitepaper: https://ze.cash/assets/docs/Zecash_Whitepaper.pdf
Telegram: https://t.me/ZeCash
Author Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1077036
