ZeCash - Next Gen Cryptocurrency

in #cryptocurrency6 years ago (edited)



ZeCash is revolutionising cryptocurrency transactions through it’s new generation cryptocurrency coin based on proof of stake, new staking concept, improved anonymity features, fast network processing etc. It’s E-paymenet solution will provide a point of service for e-commerce, personal payments, online business and retail stores.

A Rewarding Cryptocurrency

Switching to proof of stake consensus, ZeCash will be more cost effective in comparison to coins utilising proof of work consensus. The current cryptocurrency mining which is being controlled by a few large pools are becoming more of problem than a solution. The process is becoming more centralised and to mitigate this, ZeCash coin proof of stake will provide every coin holder with an equal opportunity to earn interest from keeping ZeCash coin in their wallet. ZeCash will be utilising Proof of Stake protocols to process transactions on the network, the staking protocol will remunerate every holder of ZeCash by Minting all coins held in their Wallet. In order to avoid allocating more staking power to large coin holders, ZeCash will employ CABS (Coin Age Based Selection) and RBS (Randomised Block Selection) to tackle the problem. CABS - users will be selected based on a mining of 30 days coin age and to avoid having those with longer coin age from being in control forever, the selected forgers will only reign for a period of 90 days. RBS- by combining the size of a user’s stake and the lowest hash value the next miner will be determined.
Unlike coins based on the proof of work consensus that require big computing power in order to mine new coins, ZeCash coin is opening a new door to cryptocurrency miners. ZeCash coin holders won’t have to buy big equipments or own large mining farms, all it will take is a personal computer or a smartphone that will have the ZeCash coin wallet installed. The wallet balance will automatically continue to increase overtime. This is likened to having a bank account that returns a certain percentage on investment at a given time only that ZeCash doe not have a lock in period for ROI.

ZeAnon

The blockchain technology was supposed to offer security and anonymity of trades but currently transactions are still open to the public which in some cases some transactions have been successfully traced back to the owner. ZeCash aims to provide an unprecedented privacy for customers through a series of protocols; Stealth transactions, Transaction remixing, and Ring signature. The successful implementation of these protocols will spell an end to the current crypto pseudo anonymity.

ZeSpeed

As more transactions are being generated by the day, the more it has become difficult for the respective platform to confirm the transactions at a considerable time. The current available technology is not enough to solve these problems. ZeCash aims to provide a lasting solution to these problems, providing instant payments in milliseconds at a low cost.

Tokenomics

The ZeCash token is an ERC standard token based on the Ethereum network. A total of 500,000,000 ZeCash token will be available for sale at a price of $0.1 through the different stages of the ico which will begjn from March 31 and last until December 31st, 2018. The ZeCash tokens provides numerous investment opportunities to token holders as they will be able to earn a ROI on their ZeCash tokens.

For more Information on ZeCash ICO
Website: https://ze.cash/
Whitepaper: https://ze.cash/assets/docs/Zecash_Whitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=3229718.0
Telegram:https://t.me/ZeCash

You can reach me on Bitcointalk https://bitcointalk.org/index.php?action=profile;u=2193404

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