[What's this?] BitcoinZ Algorithm Fork (EN/FR)

in #cryptocurrency6 years ago (edited)

bitcoinZ-vs-Bitmain.jpg

BitcoinZ What?

9 September 2017, BitcoinZ was launched. It's the Bitcoin technology where anonymity is provided by the Zcash core (ZKsnarks technology) and transaction with Zero-knowkedge proofs. BitcoinZ use the private Z-addresses for anonymous receipt, transfer and storage of coins. 21 billions of BitcoinZ will be created. All decisions are made only by the results of an open universal vote.

Each block has a size of 2MB and is generated every 2.5 minutes. The reward per block is 12,500 BTCZ and will be half in 4 years. As an example, the confirmation is 3 times faster than Bitcoin Cash and the cost of the transfer fee only 0.0001 BTCZ

The decentralization is provided by the use of the equihash algorithm giving the exclusivity to the GPU mining and who has the reputation of being ASIC resistant (this it was before).

  • No Pre-mine
  • No ICO
  • No Dev-fee, No chain fork

Algo fork What?

Bitmain who created the equihash ASIC killer Antminer Z9 mini has planned to start sending it for the end of August. With a hashrate of 10.0k Sol/s (±5%) and a power consumption under 300W/H it's a GPU Killer on the equihash algorithm.

68501ba2-028a-424d-9a4b-0f0624c0817f_540.png
Source

The answer of BitcoinZ is different than Zcash and they prepared a new algorithm to replace equihash. The Zhash algorithm fork will start at the block 160,000 (around June 15/16th) and it's the answer against the Antminer Z9 mini from Bitmain.

Then stay ready for the move!

Sources:

Official website BitcoinZ
BitcoinZ Community youtube channel
Official website Bitmain

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bitcoinZ-vs-Bitmain.jpg

BitcoinZ Quoi?

Le 9 septembre 2017, lancement du BitcoinZ. C'est la technologie Bitcoin où l'anonymat y est assuré par le noyau Zcash (technologie ZKsnarks) et où les transactions sont sans preuve de connaissance. BitcoinZ utilise les adresses Z privées pour la réception, le transfert et le stockage anonyme. 21 milliards de BitcoinZ seront créés. Toutes les décisions sont prises uniquement par les résultats d'un vote universel ouvert.

Chaque block a une taille de 2 Mo et est généré toute les 2,5 minutes. La récompense est de 12,500 BTCZ par block et sera de moitié d'ici 4 ans. A titre d'exemple, la confirmation est 3 fois plus rapide que celle du Bitcoin Cash et le coût des frais de transfert de seulement 0.0001 BTCZ.

La décentralisation est assurée par l'utilisation de l'algorithme equihash favorisant le minage par GPU et qui a la réputation d'être résistant aux ASIC (ça c'était avant).

  • Pas de pré-minage
  • Pas d'ICO
  • Pas de frais de dev ni de fork de chaine

Algo fork Quoi?

Bitmain qui a créé l'ASIC tueur equihash Antminer Z9 mini a prévu de commencer à l'envoyer pour la fin du mois d'août. Avec un hachage de 10.0k Sol/s (± 5%) et une consommation d'énergie inférieure à 300W/H, c'est un tueur de GPU sur l'algorithme Equihash.

68501ba2-028a-424d-9a4b-0f0624c0817f_540.png
Source

La réponse de BitcoinZ est différente de celle de Zcash et ils ont préparé un nouvel algorithme pour remplacer equihash. Le remplacement de equihash par l'algorithme Zhash débutera au bloc 160 000 (vers le 15/16 juin) et c'est la réponse contre le mini Antminer Z9 de Bitmain.

Alors tenez-vous prêt!

Sources:

Site Officiel BitcoinZ
BitcoinZ Community youtube channel
Site Officiel Bitmain


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