The cryptocurrency newcomer of ZCH against the veteran of the market of BTC
In this final part of the review of the ZeCash project we will tell what essential differences and advantages of this new coin before the veteran of the cryptoforeign exchange market – bitcoin consist in.
Preface
In spite of the fact that the bitcoin is the cryptocurrency first in the history in 10 years of the existence that technology which became its basis (if to speak about Proof of Work) just became outdated without bringing that benefit which existed earlier and as a result is gradually replaced with new decisions including such as creators of ZeCash Coin have offered.
Present that producers of mobile phones still used spare parts from old phones because they were the first. It would be rather silly new details much more compact and qualitative. As well with the PoW and PoS protocols which obviously differ from each other handing over bitcoin positions.
Mining and minting
Bitcoin Mining – still main way of his production and use. But despite popularity of this coin and its getting mayner even more often should or refuse a mining of bitcoin at all or to get altkoina then to convert them into BTC.
The first problem which mayner had faced is the commissions for carrying out transactions which have turned out so high that when accounting expenses on the electric power and the equipment the mining of bitcoin can be just unprofitable – income doesn't cover expenses.
Also the speed of transactions has significantly worsened that is important for any participant of the cryptoforeign exchange market which is forced to lose opportunities and profit at the expense of transaction delays.
With ZeCash Coin mayner will be able to get not only – a mining confirming with a classical way transactions but also new – a minting (Minting) which will become possible with ZeCash, ZeProtocol and PoS.
The minting essence (to mint – to mint coins) consists in authentication of transactions. Mintera earn on at the expense of a mining, and due to stable receiving percent from storage of cryptocurrency from the cryptocurrency purse ZeWallet.
On the one hand such deduction of coins reminds the fixed deposit with the fixed term that is the user gets profit for all the time of deduction of cryptocurrency on the purse, and the more its volume and term of deduction, the it is more percent.
Safety
The PoS protocol and the protocol of a coin ZeProtocol are in essence much safer than the same Proof of Work. The problem is that PoW is too vulnerable to the so-called "attacks of 51%" at which the hacker controls more than a half of blocks in a blockchain that allows him to generate blocks quicker than others and to replace initial blocks with the.
At best the impossibility to sell a coin at the exchange can become result and in the worst – hackers will be able to prevent confirmation of transactions and to control blockchains.
Feature of a coin of ZeCash Coin that it is much safer and less vulnerable to the similar attacks as "the attacks of 51%". So the malefactor should wait too long period of time to have an opportunity to use coins for attack implementation.
Speed of transactions
Delays of transactions – one of the most frequent things of which holders of bitcoins which carry out operations with them complain. In BTC network there are too much unconfirmed transactions at the expense of what much it becomes senseless to use bitcoin.
One of key features of ZeCash Coin is her speed. Transactions are carried out so quickly that about some transaction delays there can't be a speech – the speed of payments is guaranteed.
Links:
Website: https://ze.cash/
White paper: https://ze.cash/assets/docs/Zecash_Whitepaper.pdf
Telegram: https://t.me/ZeCash
Twitter: https://twitter.com/ZeCash_official
Facebook: https://www.facebook.com/ZeCash-178476346280771
Proof of authentication / author
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1058023