There are a lot of new investors on the cryptocurrency market and all of them want to invest in the best coins. In the same time, there are too many tokens and coins on the market and some of them look very similar, so it may be hard for person without descent experience and attention to find out the difference between some of them. One of the most popular mistakes is considering that ZCash and ZCoin are the same cryptocurrency, but this statement is so far from the truth.
Website
Zcoin Classic Wallet
Github
Telegram
Bounty thread
Whitepaper
Medium
There are several similarities in these coins, but number of differences is slightly bigger. Both coins are based on zero knowledge technology and their main intense is giving people tool for completely private transaction. Both coins’ White Papers have several common authors, but projects rely on completely different cryptography, so you could be sure that ZCoin Classic is completely standalone cryptocurrency, it is not some kind of fork of ZCash. If you still not sure about it, it should be better for you to compare white papers of these projects on your own. This will make difference to become obvious.
It would be great to pay a lot of attention to the implementation of trusted setup, because ZCoin Classic offer much more simpler approach, when you are talking about it from the conceptual point of view. All the required data could be found on Zcoin Classic official website or in web.
Zcoin Classic could be used for illegal activity
You should come across a lot of articles, which try to tell the lies about the ZCoin Classic and other cryptocurrencies. Their authors do not want cryptocurrency market to grow, so they spread a lot of fakes about illegal usage of cryptocurrency. During reading of such articles, it may feel like illegal market is the only usage for anonymous cryptocurrencies like ZCoin Classic, but this is a lie. In the world, where every huge company is not able to protect personal data of its users, anonymity becomes one of the most prioritized targets.
People do forget that every cryptocurrency is just a tool with a certain amount of features and people decide in which fields these features will be used. ZCoin Classic gives you an opportunity to perform completely anonymous transactions using ZCC. Zcoin Classic uses the second version of Zerocoin Protocol, which give miners a lot of possibilities.
Even usual fiat money could be used for illegal activity and our modern world financial system is very far from perfect, so why all these people do not want anonymous crypto to appear and become widespread? Because they are afraid of loosing control. Even when you use BTC for transactions, it is theoretically possible to trace you and places, where you spend money, because Bitcoin Network uses public ledger. It helps to deal with double spending, but violates the user privacy. ZCoin classic suits for anonymous and private payments just like Bitcoins suits transparent payments. They are not competitors, but both these tokens can make world much better!
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Link to my profile in bitcointalk forum: Barbatos
My Zcoin wallet adress: cPzxWJBqQtn714K1Ja7D7suMPWdExVfESh
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