Hi Guys,
did youhear about ZEN ? It is quite new crypto created as hardfork from Zclasic. ZEN is in Equihash algo so you will be able to mine it with AMD graphics card when ETH will be no more!
What is ZEN?
Zen is a platform for secure communications and for deniable economic activity. It is an evolution of the Zclassic codebase built by Zclassic's original developers aimed at primarily enabling intriniscally secure communications and resilient networking. As a platform it enables secure global messaging, persistent file storage, and completely private economic activity.
At block 110,000 a snapshot of the Zclassic blockchain was taken. On May 30th, the Zen network will be launched from this snapshot. That means there will be a period of about 1 week you will have to wait, from block 110,000 on the Zclassic blockchain, until the ZenCash block 110,001 starts at the launch. Zclassic will retain its original functionality and feature set but the Zen network will be adapted to include segregated witness (segwit) support and additional cryptographic technologies.
Rather than abandoning Zclassic, the team has agreed that development will continue on both networks.
Initially the split from the Zclassic blockchain was planned to occur on May 23rd. The reasons for the change to block 110,000 are explained in details here:
https://blog.zensystem.io/big-news-chain-split-from-zclassic-now-at-block-110000/
Introduction video
Official web site
https://zensystem.io/
why would ETH be no more?
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Proof of Stake is coming no more miner will be needed after, there are 7,5% left on ETH
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Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://zensystem.io/
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thank you robot!
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The robot scours the internet and looks for copy/paste articles from existing web content.
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Interesting. Very similar name to Zcash, but Zcash is more about being able to hide transaction value I think. Is Zencash moving to Segwit for scalability? (I'm still new to some of these terms.)
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zero-knowledge encryption this is why so interesting
Simply put zero-knowledge encryption allows for undecipherable encrypted communications to propagate throughout the network while still providing protections against denial of service attacks and spamming. Zero-knowledge encryption allows for fully cloaked economic activity where the recipient, sender, amount, and date of activity is kept confidential.
For more infomation on the zero knowledge protocol zencash uses,
https://en.wikipedia.org/wiki/Non-interactive_zero-knowledge_proof
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