What is Zcash?
The Zcash block chain launched on October 28,2016. Zcash is a decentralized cryptocurrency,shielded transactions hide the sender,receipt and value on the blockchain as zcash has its own blockchain and never use Bitcoin blockchain.
Website: https://z.cash/
Zcash forum: https://forum.z.cash/
Zcash (ZEC) = $93.74 USD
Coin symbol: ZEC
Who is behind Zcash?
The scientist,engineers,advisors of ZECC developed and launched the Zcash digital coin protocol.
Founder's rewards:
Zcash monetary base is same as Bitcoin's. 21 Million ZEC will be mined from 2016 to 2032.10% of that rewards will goes to the stack holders in the Zcash company which includes founders,investors,employees and advisors and it is called founder's rewards.
In the beginning 50 ZEC wll be created every 10 minutes,and 80% newly mined ZEC will go to the miners while 20% ZEC to the founders. and after 04 years 100% ZEC will goes to the miners.
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Zcash with its founder's reward as well as the trusted setup make me very skeptical of the project.
I do believe the incentives for the individuals to save their 6 creation keys was too high and I do not trust the setup. If the creations keys were not destroyed, the founders could undetectably mint as many Zcash coins as they wanted.
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Good suggestion .
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My friend great work! :)
thank you for sharing
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thanks dear friend @mars9
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Thanks sir i have promoted my post.
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Excellent post dear friend @ shaheer001, congratulations on this great research, thank you very much for sharing this information.
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Welcome sir and thanks alot to like my work as i always read and learn from steemit top users like you.
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:-)
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Very good article. Nice to see I'm not the only one who thinks like this. The quality coins are here to stay and it's like buying in at the S&P 500 50 years ago. Cryptos will fall and rise at a more rapit phase any investment market has ever seen. Just hold (literaly) and enjoy the ride. We do need more indept investment analysis. I really advice people to take a look at: https://www.coincheckup.com The site is my go to place for crypto investment analaysis and indepth coin research.
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Zcash is similar to bitcoin but has been modified to be more private. All transactions on bitcoin are public and visible to anyone. Zcash uses shielded transactions to hide the sender, recipient, and value on the blockchain.
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