zero-knowledge proofs to guarantee zero-knowledge financial anonymity. There are various tradeoffs between using ZCoin and ZCash. Zcoin uses the Zerocoin Protocol(cited by academics 208 times, at time of writing), whereas Zcash uses the Zerocash Protocol(cited by academics 104 times, at time of writing). The cryptographic properties of Zcoin and Zcash supplement each other quite nicely, and a good way to describe them would be sibling cryptocurrencies.Three major differences between Zcoin(Zerocoin Protocol) and Zcash (Zerocash Protocol) are as follows:1) Zcash conceals the amount of money sent in each transaction, whereasZcoin does not. SoZcash is less prone to privacy timing attacks thanZcoin. On the other hand, this comes with a big tradeoff for Zcash, in the form of potentiallyundetected hyper-inflation in Zerocashs money supply. A timing attack on Zcoin could work by exploiting knowledge of when somebody mints a Zerocoin.The Zerocoin Protocol has two major steps. The first step is the Zerocoin mint step, in which a public coin goes into a data structure called anaccumulator. An accumulator answers a query as to whether a potential candidate is a member of a set without revealing the individual members of the set. The second step in the process is the Zerocoin spend step, which allows for somebody to conduct a Zero-Knowledge proof showing that one owns a coin in the accumulator without having to tell which coin one owns. With this Zero-Knowledge Zerocoin spend proof, a fresh Zcoinis generated without any transaction history attached.Because each Zerocoin must execute Zerocoin mint, before itcan be made anonymous with Zerocoin spend, analysis of the timing between the Zerocoin mint and Zerocoin spend might be used in a timing attack. It is possible that users might want to conduct Zerocoin spend transactions right after their Zerocoin mint transaction. Thus, if this behavioral heuristic is true, it could be used to assign a probability value that a Zerocoin mint transaction is associated with a certain Zerocoin spend transaction. However, by waiting a longer time between Zerocoin mint and Zerocoin spend transactions, this prevents such timing attacks from being effective.Because ZCash conceals the quantity amount, it may be more effective than Zcoin against such timing attacks. However, this benefit also comes with a major tradeoff.Essentially, for Zcash, there is no certain scarcity that even afairly intelligent person can verify on a mathematics/ cryptographicfirst principles basis. ZK-Snarks uses some verysophisticated cryptography. Only a handful of cryptography academics inthe world can understand the steps in ZK-Snarks on a first principlebasis. The cryptography principles behind Zerocoin have been around fora lot longer, and the Zerocoin paper was one of the most often citedcryptography papers in the past few years, with about 200 citations. Anyfairly intelligent cryptography academic would be able to understand thefoundations underlying Zerocoin.If god forbid, Zcash had a bug that allowed for people to generate more Zcash coins than the intended money supply, then it is possible that nobody could tell. If it were a severe bug, potentially somebody couldinflate the money supply by hundreds of millions of dollars, making aprofit while lowering the price of Zcash for speculators. There are several examples of major cryptocurrency bugs that have led to a massive misallocation of the quantity of cryptocurrency that should have been in circulation. Onemajor example is the 2010 Bitcoin value overflow bug, which increased Bitcoins money supply by over 90 billion:On August 15 2010, it was discovered that block 74638 contained a transaction that created 184,467,440,737.09551616 bitcoins for three different addresses.[1][2][3] Two addresses received 92.2 billion bitcoins each, and whoever solved the block got an extra 0.01 BTC that did not exist prior to the transaction. This was possible because the code used for checking transactions before including them in a block didnt account for the case of outputs so large that they overflowed when summedWith Zcash, these kinds of bugs could go completely unnoticed. Thus, if Zcash encountered a similar bug, it could see 99.999% of the entire ZCash market cap owned by one person, without anybody noticing.A recent example of another cryptocurrency bug was The DAO, which experienced a $50 million hack.As Greg Slepak notes, writing for the okTurtles blog:This situation, however, is far more serious than The DAO. Zcashs code is several orders of magnitude larger and more complicated, and the consequences of failure are several orders of magnitude bigger.In Zcashs current state: it is impossible to know whether a successful attack occurred. Unless a saboteur turns whistleblower, well know it was compromised only after damages have occurred. And the more valuable Zcash is, the more dangerous it is. There is no Undo button.Outside of unintentional bugs, there is also another problem. Due to the cutting edge nature of ZK-Snarks, there is not nearly as much peer-review of the underlying cryptography for Zerocash, as there is for Zerocoin. There is also a much smaller group of academics that can understand the cryptographic first-principles underlying Zerocash. Ifthere are hundredsof millions of dollars on the line, even the noblest of academics mayfind a way to cross ethical grounds. In contrast, with Zcoin, even if there were abug, everyone could tell that the money supply doesnt check out.2) Parameter generation:Zcoin uses parameters generated 25 years ago from theRSA FactoringChallenge.Atprojected computing capacity, it will be safe to use for many moredecades. By then, Zcoin can port its parameters to a new cryptographic scheme. Admittedly, the RSA has not been a great company in recentyears, with revelations of the RSA collaborating with the NSA. But the keys to the RSA Factoring challenge were generated in 1991, early in the RSA days whenthe creators of the RSA algorithm still had a high amount of controlover their company. On the other hand, there is a strong mitigating factor in the unlikely scenario of a compromised Zcoin setup: everybody could still see that Zcoins money supplychecks out.In contrast, if Zcashs setup were compromised,a hyper-inflated money supply could go completely undetected.Zcash relies on the assumption that all actors in the parameter generation do notcollude together. As long as there is one honest actor, then everythingis fine. If not, then they could double spend / do anything they wantwith Zcash. Just as there has been worryover Zcoins parameter setup, therehas been some worryabout Zcashs setup.However, in our opinion, Zcashs setup will be fine, as therewill most likely be at least one honest person. Bothsetups are notideal, but still workable.3) Zcash requires a higher use of memory with significantly longer time needed to send a private transaction than Zcoin. On the other hand, Zcoin currently requires significantly more storage space than Zcash.According toZcashs benchmarks:On a quad-core benchmark server, generating a private transaction consumes ~3.2 GB of memory and ~50 seconds of compute time.This is a relativelyhigh memory requirement, as many laptops only have 4GB RAM. Even on a device with 8GB RAM, a 3.2 GB memory requirement may force Zcashs private generation to go into swap space. If Zcash goes into swap, then even on the state of the art SSDs, transfer rates are at least 10 times slower than DDR-3 speeds. On older devices, transfer rates could be 30 times slower or more if Zcash goes to swap. Thus, for a typical 4gb RAM device (which usually already has at least 1gb of memory being used), Zcashs effective compute time shouldbe between 10 minutes to 30 minutes. It is also very possible that many devices with 8GB RAM would go into swap as well, also taking between 10 minutes to 30 minutes to generate a private transaction.Zcoins private transactions are not memory-intensiveas with Zcash. On a quad-core benchmark server, generating a private transaction with Zerocoin mint and Zerocoin spend consumes ~10 seconds of compute time. Thus, sending a private transaction with Zcoin could bebetween 5-200times faster than Zcash, depending on device.On the other hand, Zcoins private transaction sizes are about 50 times larger thanZcashs transaction sizes. This will not be alimiting issue for several reasons.One easy fix would be to update Zcoin to support pruning:In his whitepaper, Satoshi had mentioned pruning as a solution toBitcoins potential future scalability issue. Surprisingly, its notdiscussed often. When there is greater demand for Zcoin transactions than its capacity, Zcoin can build pruning into the protocol. Thisway, thestorage requirements for Zcoin could be minimal.By stubbing off branches in the merkle tree to save storage space, pruning could be built into Zcoin in a similar fashion as described in Satoshis whitepaper:Once the latest transaction in a coin is buried under enough blocks, the spent transactions before it can be discarded to save disk space. To facilitate this without breaking the blocks hash, transactions are hashed in a Merkle Tree [7][2][5], with only the root included in the blocks hash. Old blocks can then be compacted by stubbing off branches of the tree. The interior hashes do not need to be stored.Diagram from Satoshis whitepaper:However, as for now, Zcoinstransaction volume capacity is more than enough. Even with 50 times larger proof sizes, storage is a low priority concern because of Moores Law. As Satoshi describes in the whitepaper:With computer systems typically selling with 2GB of RAM as of 2008, and Moores Law predicting current growth of 1.2GB per year, storage should not be a problem even if the block headers must be kept in memory.Here at Zcoin, we believe that multiple zero-knowledge cryptocurrency implementations is a blessingto society.Like Zcoin, Zcash is also enabling individual freedom and open commerce to the world by increasing financial privacy. We applaud the work that the Zcash team is doing. With that in mind, it is important to understand the inherent tradeoffs between the Zerocoin and Zerocash protocols. Zcoin has some major advantages over Zcash, as well as significant disadvantages. By increasing awareness of these tradeoffs, privacy-centric users can more effectively use either coin tailored to their concerns and specific use cases.

compared toZCash.This is by no means an article trying to declare a winner. ZCoin encourages and appreciates all projects working to restore financial privacy. Except some which are outright scams! But then thats a topic I will leave for another day;)However you may feel throughout this article that I am a little biased towards ZCoin. And yes, I will not deny this. Because I have been a long time community member of both of these projects and personally I think ZCoin has a much more transparent community and are actually concerned about the issues that are pointed in their technology. I will post facts and evidences of my findings. You should form your own opinions and identify the better project irrespective of the popular opinion.For people who want a quick overview, there is a summary section at the end. However, I highly recommend to go through the complete article.Let me start this article with the most common misconception that people have. They think that ZCoin is a fork of ZCash.ZCoin is NOT a fork of ZCashYou cant get any more wrong than this. ZCoin is based off the ZeroCoin paper while ZCash is based off the ZeroCash paper. The only common thing between these is that both these papers have the same authors. And yes, their names start with the letter Z.Fun Fact: ZCoin was initially named MonetaPhilosophyBefore doing a deep dive between the protocol level differences, there is something I want to point out. The researchers behind ZCash have always thought about making a backdoor.Bitcoin add-on makes your virtual purchases privateBitcoin is the perfect currency in many ways. The distributed network that governs the creation and distribution ofwww.newscientist.comThe article clearly states .would give you this incredible privacy guarantee, then we could add on some features which let the police, for instance, to be able to track money laundering. A back door.Well, then, its not really private is it? The thing with bitcoin users is that they dont like the people tracking their activity. Thats why they are using bitcoin. Adding a backdoor is a sure-fire way to guarantee that nobody uses their service. Simply suggesting that they *might* add a back-door is enough to keep me from using it.Allowing authorities to view where the transactions went in a backdoor kind of defeats the purpose of it being anonymous.The founder and CEO of ZCash tweeted this recently.Now, for someone who is interested in anonymous coins, that is a complete turn-off!This is from zerocash-project.org, an older site that visitors browsing the new z.cash domain will be unlikely to find. After all, Zcash requires trust to work, and hiding the details by using a slightly rephrased question doesnt build confidence. The answer should also acknowledge that Zcash cannot guarantee that they will succeed in the trusted setup.Now, coming back to the protocols.ZeroCoin protocol is an earlier protocol and the authors then went on to create a new protocol call ZeroCash. Many people ask why ZCoin is using an obsolete technology. To answer this question, we will have to first understand why did the authors decide to create a new protocol.Basically, ZeroCoin has a larger proof size (approx 25 Kb) whereas Bitcoin has a transaction size of around 280 bytes. So the greater proof size was a big blocker for them at that time. On top of that ZCoin can be minted only in fixed denominations (like 1, 25, 50, 100 and so on). ZCash removes these limitations. They have smaller proof size and no restrictions on denominations. Sounds so much better, right?But then these benefits come with their trade-offs.Audit-ability ofSupplyThe security of any blockchain ledger comes down to public verifiability of two properties of every transaction: that they are authorized by all required parties, and that they do not affect the total currency supply.I explained in the previous article on how ZCoin works. Just to summarise it quickly, basically you take a coin which has its whole transaction history behind it. You burn a coin and prove to the network that you have burned a coin without specifying which coin you burnt and then you receive a new coin which has no transaction history. In such kind of a system, if there is any flaw, any number of coins can be generated.Fun Fact: This has happened with ZCoinZcoin Bug reportYesterday, our team found a bug in our implementation of Zerocoin. A typographical error on a single additionalzcoin.ioBut then this is nothing to be worried about. Because this shows that ZCoin was able to track this bug only because they have an audit-able supply. While in ZCash, you cant as they do not have an audit-able supply.Whereas in ZCash someone can print as much money as they want, for free, and in total secrecy.This concern has been raised many times with the ZCash community but they have always hand-waved it. I personally do not think it is responsible to hand-wave this concern as it is actually one of the most important aspect of a currency. But then again, its their project and its their decision on how they interact with the community.For the more curious ones, heres a link that talks more about the supply manipulation topic.How To Compromise Zcash And Take Over The WorldListen up, super-villains and laboratory mice! Outlined in this post is a masterplan for how to "take over the world!"blog.okturtles.comCryptographyTo achieve small proof sizes, ZCash uses very new cryptography technique. This technique has been developed in the last 23 years. This technique is called zkSNARKS. Very few people in the industry right now understand about this technique.Fun Fact: Zooko, the creator of ZCash himself admits that he does not understand zkSNARKs completely.There is a difference between publishing a paper and peer-review. Outside of those involved with Zcash, there is almost no peer-review that the entire approachfrom the zk-SNARK implementation to the setupis sound, and thats not from lack of trying. Several of the brightest minds in the cryptocurrency space have been asked, and none feel confident enough to implement or teach zk-SNARKs, let alone vouch for the legitimacy of the trusted setup (the details of which were only recently revealed).It will require time for folks to get a sufficient enough grasp of zk-SNARKs before they can begin to evaluate the full safety and security of what Zcash is proposing to do.In contrast, ZCoin uses RSA encryption and accumulators which has years of development behind it and has been battle tested in numerous production applications. It is the backbone of all the financial, defence, space and all the others highly secure applications.Peter Todd points out here that if RSA is broken, how bitcoin and ZCoin will be least of our concerns:PZeroCash explores a very unknown territory and what they are doing is great. But I personally value the security of a financial network more than anything because my money is stored there. ZCoin has some minor problems like larger proof sizes but then the security it provides is orders of magnitudes higher given ZCashs unauditable supply and experimental cryptography. And there are very promising efforts within the ZCoin community to decrease the proof sizes.Trusted setupThis is another major concern and the one that turns me off personally. In ZCash you have to trust a random bunch of people to generate some special parameters and then destroy them. The problem is that you have to believe that all of these individuals destroyed the keys in isolation. And combine that with the unauditable supply which we discussed above, this is a huge problem.The overall gist is that a trusted setup involves a group of some number of people running a computer program on multiple machines. Assuming there are no flaws in the approach, if at least one those people manages to correctly follow the setup procedure on a computer that is not compromised, then the project should live up to its claim of having a knowable number of coins.Here is a link if you want to deep dive.On the other hand, the ZCoin team is fully confident that they can remove the trusted setup using the Sigma protocol (more on that later in another article).Fun Fact: ZCoin in its current state uses these parameters from a factoring challenge 20 years ago. There was a 200k USD bounty for anyone who could break and no one could.Anyway, future developments on Sigma protocol will completely remove the need to have a trusted setup of any sort.In words of Greg Slepak,In Zcashs current state: it is impossible to know whether a successful attack occurred. Unless a saboteur turns whistleblower, well know it was compromised only after damages have occurred. And the more valuable Zcash is, the more dangerous it is. There is no Undo button.Here is a great video interview of the community manager explaining the main differences.SummaryZerocash protocol was meant to improve on Zerocoin protocol on these issues:1. Zerocoin still requires a basecoin to convert back before being allowed to spend. Zerocash has no more basecoin.2. Zerocashs proofs are much more efficient and smaller than Zerocoins.3. Zerocoin uses fixed denominations to mint (1, 25, 50, 100) while Zerocash is not subject to such limitations.4. Greater privacy with Zerocash since sender/receiver/amount are all obscured.Zerocoins advantage over Zerocash are as follows:1. Although Zerocoins proofs are larger and occupies more storage space, the computational requirements to generate a private transaction are many times faster. Zcash requires large amounts of RAM and minutes of computational time. Zerocoin requires seconds to use and is not memory intensive. Basically Zerocoin uses more storage space but is computationally much less intensive.2. Parameter generation for both Zcoin and Zcash requires a trusted setup but Zcoins parameters are arguably less controversial. n-set-up-phase-for-Zerocoin-in-ZCoin)3. Most importantly is that in Zcoin, total supply is still visible so if theres a flaw and someone is secretly creating coins for themselves, this can be much more easily detected. With Zcash, because everything is hidden, if a flaw is exploited, it may be almost impossible to detect!4. Zerocoins tech is more peer reviewed and better understood than Zcashs. Zcashs use of zero knowledge proofs uses ZK-Snarks which very few people understand. Even Zooko himself admits he doesnt understand it ). Note that Zerocoins paper was only like 15 pages. Zcashs paper is more than 50 pages so Zcashs is considerably more complex which means more things that can go wrong.I hope I have given you a good insight on how these technologies differ and what are the advantages/disadvantages of using them. However if you have any more questions or want more details, ZCoin has a very transparent and active community over at slack. Come ask questions, give suggestions and contribute. Remember this is a community driven initiative.Until next time, see you space cowboys!BitcoinMoneyPrivacyDecentralizationFinanceOne clap, two clap, three clap, forty?By clapping more or less, you can signal to us which stories really stand out.502BlockedUnblockFollowFollowingHarsh PokharnaBlockchains | Mobile Application Development | IIT Kanpur Alum | Ex-Flipkart | Ex-JioMoney | Classic Rock | Guitar | Fitness | Long DrivesFollowThe ZCoin DigestHere we talk about privacy, ZeroCoin protocol and the amazing ZCoin Comunity

hard-forked from ZClassic, which is a fork from ZCash. Now would be a good time to compare all three cryptocurrencies and see how they are different from one another. Although ZenCash was only recently introduced to the world, the token has gotten quite a lot of attention already. ZenCash focuses on privacy, and represents an evolved form of ZK-SNARK technology. It is a direct hard fork from ZClassic, a currency we will discuss in the next paragraph. One feature that makes ZenCash attractive to people ishow it offers a protected communication protocol known as ZenTalk. Users can exchange short messages through this network, all of which is powered by blockchain technology. ZenCash has a maximum coin supply of 21 million, which is the same as Bitcoin. The governance of this project will be done through a Decentralized Autonomous Organization structure, which is funded by a portion of mining rewards. The DAO will also fund future developments and look for additional partnerships. People interested in a more technical explanation of ZenCash can check out the whitepaper here. The ZClassic currency listed as ZCL on exchanges is a fork of ZCash. The goal of ZClassic is to remove the 20% fee associated with the ZCash technology. The developers of this fork feel miners should not receive smaller rewards just because the developers need additional money to keep evolving the project. Instead, ZClassic issues the full block reward to miners and aims to have development funded by the community itself. Moreover, Zclassic was designed in such a way there is no deliberate scarcity. That is quite different from ZCash, which seems to thrive on issuing fewer coins during the early stages of the ecosystem being embraced by enthusiasts. ZClassic is the first major fork of ZCash, although it is unclear if other forks may make an impact on the cryptocurrency ecosystem over the coming months. There will be 21 million ZClassic coins. Most cryptocurrency users have heard about ZCash before. This particular cryptocurrency is well known for a strong focus on privacy, while still allowing for specific transactions to be completely transparent. There is a fixed supply of 21 million coins, similar to Bitcoin. However, the number of coins is distributed at a much slower rate from the start, which creates artificial scarcity. Moreover, it appears 20% of the block reward will automatically be deducted for future development of the protocol. The main reason people are attracted to ZCash is because of their use of zk-SNARKS to protect the amount and recipient of transactions. It did not take all that long for ZCash to become one of the top-twenty cryptocurrencies. It is also worth mentioning ZCash was initially called Zerocash, but the name was changed later on. Make sure to check out the official Zerocash whitepaper, as it contains a lot of technical information regarding this project. -zcash/

competing for the same investors and users for currency adoption. I compare each crypto coin side by side to see the pros and cons, problems and solutions that all three have to offer. Let's Invest is an investing youtube channel that discussed bitcoin, litecoin, dash, ethereum, NEM / XEM, and many other cryptocurrency facts, features, and fundamentals.If I got some info in this video wrong. Please correct me in the comments and I will add a caption in the video and will also correct myself next time I talk about a similar subject. Thanks! Dash Vs NEM scaling solutions vid:https://www.youtube.com/watch?v=LTpmX...What is NEM/ XEM? vid:https://www.youtube.com/watch?v=DFB81...My NEM address:NBRIIK-XRA2G4-QE77UR-X6PFXB-V5WTFM-BVKKRU-KAZ6tip me bitcoin????: 1LBerPiGcPWWd4CuNnPtLW3H3QXvBFkXkAtip me dash??: XoXfFFRhKnq222J1QZ1HZf86RwBQfvk58ytip me PIVX? DSPhduqcyxkRuJJqz7oTecxw4jhiZ6rw8nThanks! Let's Invest!

before another move upward. Aave broke out of the range it was trading within, and bulls would be determined to defend the $100 level if bears show up.

The RSI showed that momentum behind BSV was slowing down, even as the price struggled to stay at the $180 mark. This exaggerated bearish divergence is likely to see BSV dip to find support at $170 once more.

The past few weeks have seen BSV trade sideways and establish a range between $158 and $184. This meant that the $170 mark, as mid-point, carries special significance and is also in close proximity with the horizontal level of support at $172.

Losing the mid-point would see BSV move toward $154, while a defense of this level over the next few trading sessions could be followed by a move toward $184.

CRO’s downtrend from September was likely at an end. The recent rally has lasted longer than any of the bounces in that downtrend, and the OBV took a turn to the upside after consistent selling pressure.

Using the Fibonacci retracement tool from $0.069 to $0.0537, it can be seen that the entirety of this short-term drop has been retraced with the 168% extension level being met as well.

CRO can expect to find support at $0.078 and $0.072, and if more buyers arrive at the market, another rally is likely. If the OBV begins to move sideways, legitimate doubt will be cast on the strength of CRO’s recent rally.

AAVE broke out of the range it was trading in (orange), and based on the width of the range a target of $130 was projected for the coin. It nearly achieved this target as well, posting a swing high of $129 before being forced to fall.

The Fibonacci Retracement tool highlights some important levels of support for the price. The 38.2% retracement level at $98 is particularly important as it is also close to the $100 psychological level of support.

The bearish crossover formed on the MACD indicated short-term losses for AAVE, and this could see it dip to $100 over the coming hours.

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Having studied Chemical Engineering, Akashnath's focus is on the UK and Indian markets and especially crypto assets. He is devoted to technical analysis and is always on the lookout for investment opportunities.

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Profitability of Bitcoin GOLD to Zcash and ETH Mining.At the moment, BTG Mining numbers looks more attractive but which one would be more promising ?Thats what we tried to find out.Mining Crypto Currencies, Building The Most Diversified Mining Farm, in Free Industrial Zone. Providing Hosting services and more...Buy Trezor: https://shop.trezor.io?a=96c323ecc93c https://bitcoingold.org/downloads/ Thanks for watching. Follow and Join us at: Telegram: https://t.me/CCNChat Facebook : https://www.facebook.com/CryptoCurren...Twitter: https://twitter.com/NetworkCurrency Instagram : https://www.instagram.com/cryptocurre...Web: https://bfgroup.io/ info@bfgroup.io

(BTC), Litecoin (LTC), and many other cryptocurrencies are not entirely private. Transparent addresses and public transaction data can be used to determine the identity of many users while inherent vulnerabilities permit various forms of malfeasance.Fortunately, privacy coins exist to increase the anonymity of users and their data by integrating blockchain technology with privacy-based innovations.Two dominant privacy coins are Monero (XMR) and Zcash (ZEC). Both are designed with similar intentions, but they are otherwise unique. Both integrate different privacy-based features into the blockchain space and, while both use a Proof-of-Work (PoW) consensus algorithm, the implementation of each is distinct. Furthermore, both have responded to ASIC mining and threats of centralization differently.Zcash (ZEC) was initially released on Oct 28, 2016. It integrates the Zerocash protocol developed by Dr. Matthew D. Green, Associate Professor of Computer Science at the John Hopkins Information Security Institute. This protocol includes non-interactive zero-knowledge proofs (zk-SNARKs) which allow transactions between shielded address. ZEC is not private by default, however, because transactions between transparent addresses are also permitted.XMR was initially released on Apr 18, 2014. Monero’s private transactions are facilitated by four different privacy-based features:Senders and recipients of ZEC can use shielded or transparent addresses. It is ultimately their choice. This means that the privacy of users is dependent upon the users themselves. On the contrary, XMR is designed to be private by default. All transactions with XMR will be protected by the four innovations defined above without the choice of the end users.A consensus algorithm is a mechanism by which transactions are confirmed within the blockchain space. This involves two processes:With PoW, a number of miners compete against each other to solve the algorithm first. This allows a series of transactions to be connected together as one block. The block is then added to the blockchain when the answer to the algorithm is confirmed by the other nodes. When they agree that the answer was reached successfully, the block is attached to the blockchain and the miner who first solved the algorithm wins a reward.Different cryptocurrencies implement PoW differently. Bitcoin (BTC) uses a version called SHA-256 while Litecoin (LTC) integrates Scrypt. XMR and ZEC also integrate unique versions of PoW — called Cryptonight and Equihash, respectively.XMR’s PoW protocol is called “Cryptonight.” It was first introduced by Bytecoin (BCN) with the help from a CryptoNote development team.Theoretically, Cryptonight is supposed to be ASIC resistant. ASIC stands for “Application-Specific Integrated Circuit.” It’s a computer chip developed specifically for cryptocurrency mining. The machines are expensive and centralize control of a cryptocurrency’s production into the hands of a minimal number of ultra-rich mining pools.ASIC resistant PoW protocols are designed to outsmart the machines. It is supposed to make mining egalitarian by allowing CPUs or GPUs to participate. The integration of Cryptonight in XMR has not created ASIC Resistance, however.On Feb 7, 2019, MoneroCrusher posted an article on Medium in which he methodologically analyzed the hash rate of XMR to determine that over 85 percent of Monero mining is done by ASIC machines. A hard fork for XMR has been announced on Mar 9. This Monero development will allegedly stifle XMR mining by ASICs.Hard forks are known for their contentiousness and divisiveness. It is not yet known whether or not the issue of ASIC resistance and the proposed hard fork will divide the community. It is possible that the hard fork will be uncontentious but only if a sufficient majority supports it. This means that the users of XMR must collectively oppose ASIC mining.ZEC’s PoW protocol is called “Equihash.” It was developed by researchers at the Interdisciplinary Centre for Security, Reliability, and Trust at the University of Luxembourg. On Feb 22, 2016, the team showcased Equihash for the first time at the Network Distributed System Security Symposium 2016. The first major implementation of the protocol was ZEC. Since then other cryptocurrencies including Bitcoin Gold (BTG) and Bitcoin Private (BTP) have implemented Equihash.Similarly to Cryptonight, Equihash was designed with ASIC resistance. However, an ASIC machine built for mining ZEC was introduced by Bitmain in May 2018. BTG and other Equihash currencies have also been mined by ASICs.The Zcash Foundation has taken a different approach to the problem of ASIC resistance. During the Community Governance Panel Election for the second quarter of 2018, it was asked whether or not ASIC resistance should be prioritized by the Foundation. 45 of the 64 voting members voted in the negative. This effectively meant that ZEC would not take efforts to reestablish ASIC resistance.The total number and way in which ZEC and XMR coins are allocated differ in several noteworthy ways. ZEC has a fixed supply and a taxation system in the form of the Founder’s Reward. On the other hand, XMR does not have a fixed supply of coins to be created. The total could be indeterminately large. Furthermore, XMR lacks anything that could be construed as a system for taxation.ZEC was originally funded with a $1 million investment from a number of partners — including Roger Ver, Erik Voorhees, Barry Silbert, Naval Ravikant, and others. To receive a return on their investment, ZEC developed the Founder’s Reward. Until the first halving of ZEC, projected for Apr 18, 2020, 20 percent of all mined ZEC will be distributed to investors, founders, advisers, and employees of ZEC. This will amount to 2.1 million ZEC or 10 percent of the total fixed supply of 21 million. Mining will continue after the first halving until at least 2032. After Apr 18, 2020, all mining rewards will be distributed to miners.Some, including Edward Snowden, have classified the Founder’s Reward as a cryptocurrency tax. Snowden supports this tax because he believes it helps the ZEC Foundation prevent attacks before they happen. However, this may not necessarily be true.XMR’s token allocation differs from ZEC in several ways.First, there is no fixed supply of XMR. An initial supply of 18.4 million XMR will be mined; however, mining is only projected to continue until May 31, 2022. At that point, there will be an announced 0.3 XMR created every minute for an indefinite period of time. This means that, unlike ZEC’s fixed supply of 21 million, XMR’s supply could be indeterminately large.Furthermore, XMR does not include inherent systems of taxation. There is no Founder’s Reward.At 3:36 P.M. EST on Feb 13, 2019, XMR was ranked with the thirteenth highest market capitalization of $843,987,889. The price for one Monero coin was $50.27.On the contrary, ZEC had a market cap of only $312,597,871. It was ranked in twentieth place.The price of one Zcash coin, however, was more than one XMR coin: $53.10 versus $50.27.The performance of each over their lifetime also differs drastically.When XMR was first listed on CoinMarketCap.com on May 25, 2014, it was worth around $3. It dropped significantly over the next few months. By Oct 5, it was trading at under $1. The price continued falling until mid-Jan 2015. At one point, it was trading for around a$0.25. By Jun 5, 2016 XMR had again reached parity with the dollar. Steady growth followed until a high of over $470 was reached in early Jan 2018. The price has continued on a downward trend since then.ZEC, when first listed on CoinMarketCap.com on Oct 29, 2016, reached nearly $4,300. Similar to XMR, a downward trend followed. By late Feb 2017, ZEC was traded in the upper $20 range. An upper trend brought prices to over $100 on May 19. A high of over $400 was reached on June 20. Value fell to below $200 in mid-July. Slight fluctuations were seen as part of an overall upper trend which brought the value of ZEC to over $800 in early Jan 2018. Like XMR and many other cryptocurrencies, ZEC has faced a significant downward trend until the present day.In the battle of Monero vs. Zcash, which privacy coin do you prefer? Which will succeed in the long term? Let us know your thoughts in the comments below! Images courtesy of Shutterstock, CoinMarketCap.com.Disclaimer: This article is not intended as investment advice and should not be taken as such. Always do your own research before making any investment into the crypto market, which is notoriously volatile. Alexander Fred writes for BeInCrypto where he completes technical analyses of various alt-coins and qualitative commentary and analysis about various cryptoassets and their potential for social integration. Email me! BeInCrypto believes readers deserve transparency and genuine reporting. As such, we do not accept payment for articles. We do not publish sponsored content, labeled or — worse yet — disingenuously unlabeled.

The other altcoins have slim recovery chances as the cryptos face resistance at the bottom of the chart. The cryptocurrency is in a bear market since February. Previously, the coin has been in a bull market in January but was interrupted. IOTA (MIOTA) reached a high of $0.3500 while in a bull market but was resisted. The bulls could not break the $0.3500 resistance because the coin has reached the overbought region. Nonetheless, sellers emerged to push prices downward. IOTA/USD – Daily Chart The crypto dropped to a low of $0.1056 and resumed consolidation above the current support. Presently, in the downtrend, a bearish rising wedge has been formed. A bearish rising wedge begins wide at the bottom and contracts as prices moved higher. This pattern has a bearish bias. On the downside, it could signal the continuation of the downward move. Meanwhile, the coin is below 40% range of the daily stochastic. A downward movement is expected. XZC/USD – Daily Chart Zcoin is in a bear market. After its bearish impulse on March 12, the crypto has been in a sideways move below the resistance at $4. In March and April, the bulls made two unsuccessful attempts to break the $4 resistance but were resisted. The market fell to $3 low and resumed a sideways move. Nonetheless, as price reaches the $4 resistance the market is said to be in the overbought region according to the Relative Strength Index. Sellers emerged whenever the market reaches that level. On the whole, RSI is at level 57 indicating that the coin is in the uptrend zone and above the centerline 50. ZEC/USD – Daily Chart Zcash is making an upward move but it is currently facing resistance at $40. The bulls have made two unsuccessful attempts at the resistance without breaking it. At the initial resistance, the market fell to $36 low and resumed sideways move. Today, the crypto is falling, as the market reaches below $36. However, a break below $36 will extend to a low of $24 or $20. Alternatively, a rebound at $36 will catapult the coin above $40 and extend to the high of $50. Meanwhile, ZEC is at level 57 of the Relative Strength Index. This implies that it is above the centerline 50 and in the uptrend zone. The upward move is likely. HOT/USD – Daily Chart The crypto has been in a bear market but the downward move continued as price reached the high of $0.00100 in February. According to the daily stochastic, the market is in an overbought region. Sellers emerged to push the coin to the low of $0.00020 on March 12. The market has been in consolidation above the current support since March 12. The daily stochastic bands are sloping horizontally indicating the range-bound move. ZIL/USD – Daily Chart Yesterday, the crypto was at the low of $0.00038 attempting to rebound. The coin fell to the current low because it reached the overbought region in February. In retrospect, Zilliqa was in a bull market in January and February. In February, the market reached a high of $0.0100 and was in the overbought region. Sellers emerged to push prices downward. The coin fell to a low of $0.00020. Meanwhile, the daily stochastic bands are making U-turn above 20% range. This indicates a bullish signal. Never miss out on our daily crypto news, stories, tips, and price analysis.  Join us on Twitter | Telegram | Facebook or subscribe to our weekly Newsletter.  Source: Coinfo mania

currencies may prove worthwhile under these conditions. 

Based on the statistics by Datamish , speculative sentiment remains in favor of Bitcoin, Ethereum, Monero, and EOS. Although these first two are not a surprise, things are getting a bit more interesting with Monero. Some traders expect the Bittrex delisting to make a bearish impact, even though that exchange is mostly irrelevant for privacy coins. 

In the past 24 hours, this translates to more traders opening a long position for XMR. More specifically, Traders primarily short Monero, but there are 4.6% more longs to note as well. As the price remains stable near the $145 mark, it will be interesting to see what happens next. Going short against Monero may prove to be a wrong decision. 

For EOS, things seem to be heating up as well. This market still has many short positions but notes a decrease of over 47% in the past 24 hours. At the same time, there are 4.2% fewer long positions. This may hint at some sideways market momentum for the foreseeable future. As the price is buckling a bit, it remains unclear what will happen next.

Following a recent bullish surge, it is not abnormal to see people attempt to short Litecoin. The silver to Bitcoin’s gold has had a fair price run but seems to run out of steam. Over 10% of the longs have been closed in the past 24 hours. Perhaps this is a sign of things to come? 

Cardano has not received too much attention in recent weeks. Its overall performance has not been terrible, but nothing too spectacular either. As traders massively close their long positions – down by 17% – more and more shorts are being opened. The ratio of longs-vs-shorts is currently 2-to-1, which isn’t too ideal for those expecting to see more ADA gains. 

ZCash is another intriguing creature in the cryptocurrency world. Its price performance is never too exciting, and traders are currently not intent on keeping their long positions open. With over 18% of the longs being closed – and a 1.8% decrease in short positions – the ZEC price can head in any direction. 

IOTA took a lot of cryptocurrency traders by surprise during its inception. It achieved a multi-billion dollar market cap reasonably quickly. However, IOTA has fallen from grace ever since. Although traders maintain their long positions, there are also 33.5% more short positions against IOTA all of a sudden. For a currency still down by 93.7% from its all-time high, that is not a good sign. 

Finally, there is XRP, the native Ripple asset. Based on recent news, this currency should be trading much lower than it currently does. However, there is still plenty of bullish sentiment toward XRP. Simultaneously, a 46.1% increase in short positions indicates this may not be the case for much longer. 

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percent with a high of $36,544 and a short trade as low as $32,566.

The sector for altcoins followed Bitcoin’s example with 48 of the top 50 cryptocurrencies in positive territories. Four of the main champions are Stellar Lumens (+19.5 per cent), Synthetix (+20.3 per cent) and the privacy coin Zcash (+20 per cent).

Bitcoin, US treasury rates, stocks and gold have all been lifted by the new Biden government, which looks likely to extend COVID stimulus steps over the coming year with crude oil being one of the few resources to slip in price in recent days.

Bitcoin whales accumulating

Bitcoin whales with wallets made up of over 1000 Bitcoin rose to a new record of 2,140 on Monday 11 January, according to data from the Chainanalysis. This is amid the fact that Bitcoin was well on the way to losing nearly 30 percent of its worth reaching nearly as low as $30,000.

The abrupt selling that ended the biggest cryptocurrency rally in 12 years was driven by a strong resistance of $40,000. However, with bitcoin still stable in the middle of $30,000, there might be enough hope to stem more declines at least for now. The continued demand for Bitcoin, and in particular from financial firms, indicates that those on the market agree that the recent contraction in Bitcoin’s price is most likely a temporary.

Any well-known high nett wealth investors started to diversify their investments with Bitcoin in 2020. With the money market awash in treasury bonds, the drive to diversify with Bitcoin was pioneered by hedge fund billionaire Paul Tudor-Jones calling Bitcoin as the “fastest horse” beating inflation risk.

Shark Tank investor Mark Cuban also added some thoughts on emerging space, comparing it to a dot com bubble in which most cryptocurrencies will die while a few survive.

— Mark Cuban (@mcuban) January 11, 2021

He added: “all the narratives about debasement, fiat, etc are just sales pitches. The biggest sales pitch is scarcity vs demand. That’s it.”

In that regard, it is worth noting that, aside from a couple of leading stocks such as Tesla and Moderna, Bitcoin far outperformed any asset or index, even though Bitcoin was the strongest in the fourth quarter.

Speaking more generally regarding the financial markets, Barclays analyst Jason Goldberg said: “You can look at Q4 as a transition quarter as you put some of the 2020 challenges in the rear-view mirror and look forwards to an improved 2021.”

A significant change in the digital asset sector was revealed on Monday, 13 January. Bakkt, a cryptocurrency exchange located in Atlanta, will be merged with a “special purpose acquisition company” estimated at $2.1 billion for the new publicly listed company.

Bakkt was founded in 2018 by the Intercontinental Exchange (ICE), majority stakeholder of the New York Stock Exchange, and will result in a cash balance of $500 million of which over $200 million is being added to Bakkt Holdings as a result of the merger.

Bakkt’s equity investors, including former Bakkt CEO Kelly Loeffler, who recently lost her re-election bid to the US Senate, will control 78 per cent of the new company and ICE will own about 12 per cent, according to the media brief.

All the fanfare, analysts were swift to find out that it’s a bit of a joke that Bakkt, whose bitcoin trading site floated after a much-hyped debut last year, is bringing himself back to the table with a self-described $2.1 billion valuation that seems to be focused on sheer hope and over-generous expectations.

Meanwhile, in Kentucky, lawmakers proposed a bill aimed at making the state a sanctuary for blockchain mining outfits. The proposed bill would exclude future businesses from paying more than 6% on sales and energy taxes.

Due to low-cost energy in the state of Kentucky, the members say that Kentucky has the potential to become a national pioneer in blockchain engineering.

Like the Bakkt pitch deck, the claims of the members can include forward-looking statements.

up. If you haven’t heard, then crawl back into your bunker. Since its roll out in 2009, bitcoin has drawn millions of fans who see the digital currency transforming how governments, businesses, and consumers exchange money or value in our ever-expanding virtual world of commerce. One of the cryptocurrency’s main attractions? Users can establish pseudonyms to shield their identities and transaction amounts. But for some folks, bitcoin’s privacy protections don’t go far enough. That’s where Zcash comes in. The big brains that created Zcash in 2016 took the best of bitcoin’s source code and made it faster, more private, and more secure. It still operates much like bitcoin: It’s decentralized, open-sourced, and outside government control. And like bitcoin, the computer enthusiasts who approve each transaction (miners) are paid in the digital currency. All 900 or so cryptocurrencies on the market today run on blockchain technology — in other words, a secure and virtual ledger that records every transaction. Each currency has its own blockchain and teams of miners around the world verify each transaction, or block. Once that block is validated and permanently recorded, the next block gets the same treatment. And the miner who does the work earns her token for the validation. In bitcoin’s case, details about the sender and recipient (buyer-seller) remain private, but transaction amounts could be exposed for everyone to see on the blockchain. With Zcash transactions, every detail remains private via a proprietary encryption technology called zero-knowledge proofs. When it comes to functionality, Zcash seems better. For people who need privacy (we can only imagine who), it’s among the best cryptocurrencies for obvious reasons. Plus, transaction times can be completed much more quickly than with bitcoin, and with less energy consumption. Zcash is also fungible, meaning that other cryptocurrencies can easily switch over to the Zcash blockchain. It has some well-regarded experts in tech, cryptography, and finance backing the its security features. The Israeli government is involved, and investment-banking overlord J.P. Morgan is working with Zcash’s founders on building the bank’s own blockchain. Unlike most cryptocurrencies that are decentralized and open-sourced, a private company runs Zcash. Purists say that a private holding makes a mockery of decentralization — the notion that nobody owns nor controls the currency and its blockchain. But the biggest complaint comes from Zcash miners, who have to surrender 10 percent of their earnings to the company’s stakeholders over four years. This has caused a big uproar in the mining community and throws into question whether the company’s business model is practical or sustainable. U.S. regulators have been quietly watching this cryptocurrency revolution unfold and create billions of dollars of wealth (on paper) in a few short years. They haven’t said much so far, but they will someday — sooner than you think. Consider the core principle of Zcash: anonymous transactions. Sounds like the perfect tool for dirtbags of the dark web like drug dealers, terrorists, and child traffickers. Critics argue that the cryptocurrency’s fungibility could make it the top choice for money laundering. The feds are well-aware of these negatives, and when they decide to regulate digital currencies, the least transparent ones like Zcash will suffer. Uncle Sam will not tolerate privacy-focused cryptocurrencies that offer complete anonymity for users and their transactions. Let’s forget about the criticisms for a moment. Zcash currently ranks 25th among its peers with a market capitalization of about $1.5 billion. The currency, which trades around $450 per token, has been whipsawed in recent weeks — it had a market cap of $2.7 billion as of January 8. I guess blame it on bitcoin’s collapse? That said, in the short term, I’d avoid betting on cryptocurrencies. But for the long term, consider this: Zcash’s revolutionary encryption technology — which could help banks to better hack-proof online financial transactions — is its greatest selling point and value driver. Now that’s an investment.

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Team|Updated: December 23, 2017 HIGHLIGHTS The bitcoin rates might have supported on Saturday versus Fridays plunge however, they still hover around $14,000, a rate far too high for many prospective financiers. The sky high cost of bitcoins had actually detered hundreds of thousands of prospective financiers who missed out on the rally. Exactly what makes a litecoin appealing is that the cost of a litecoin (at $277) is still inexpensive for numerous such financiers, at least as of now. Another thing that differentiates litecoin from a bitcoin is that the litcoin takes reasonably less processing speed (2.5 minutes) unlike bitcoin that takes around 10 minutes for one block. Verge currency is a cryptocurrency that enhances upon the initial Bitcoin blockchain and intends to satisfy the main function of offering people and companies with a quick, decentralized and effective method of making direct deals while keeping individual privacy, states the Verge currencys site. Edge makes it possible to engage in direct deals rapidly, effectively and independently. Cost of one brink is around $0.1583 on Saturday while the overall market cap is over $2.2 billion. Ripple, the 4th biggest cryptocurrency by market capitalization, declares to provide smooth experience to its clients to send out loan worldwide utilizing the power of blockchain. Ripples cost had actually risen $1 for the very first time on December 21. While the bitcoin blockchain consists of records of the individuals in a deal, as well as the quantity included, Zcashs blockchain reveals just that a deal took location, and not who was included or exactly what the quantity was. Zcash is an open-source procedure since of which, the Zcash Company does not manage it (consisting of managing the mining or circulation of it), not does it have any unique access to personal or protected deals.

misinformed individuals, the reality is Satoshi Nakamoto’s creation is a mostly-transparent ledger. Although Zcash enables the highest level of privacy currently allowed by cryptography, there are still some potential issues (mostly unrelated to privacy) for the financial-anonymity protocol to overcome. Zcash CEO Zooko Wilcox-O’Hearn recently discussed some of these issues on Epicenter Bitcoin. Privacy Preserving Spends Take a Minute or Two to Generate The main issue with Zcash right now is that generating a new privacy-preserving spend is somewhat inefficient. Zooko, as he is commonly known, explained this issue during his recent Epicenter Bitcoin appearance: “The current alpha code that we have running on a testnet ‒ it takes like about a minute or two of CPU time to generate a new privacy-preserving spend and only like a few milliseconds, I think, to verify. The latter part is for the good for performance, and that’s really important because all the full nodes and the miners have to be doing verifications all the time. The former part is pretty bad because it takes a whole minute or two on like a high-powered, supercomputer 64-bit laptop CPU.” Zooko also added that privacy-preserving spend generation likely requires more than 4 gigabytes of RAM, although he also mentioned that they don’t have precise measurements on RAM requirements quite yet. In regard to the consequences of the current system requirements involved with privacy-preserving spends, Zooko stated: “That is totally prohibitive for certain use cases like generating a new spend on your smartphone, for starters. Also, anything that’s got a real low-latency requirement where you get incoming money you receive and then like a millisecond later you need to spend that money to someone else right away ‒ that’s totally impossible with the current protocol.” With the current version of Zcash, there are definitely efficiency and usability tradeoffs. Having said that, this system is also intended to give users the highest level of financial anonymity and privacy. Getting Around Zcash’s Efficiency Issues Although Zcash’s privacy-preserving transactions are somewhat inefficient, the digital currency’s users also have the ability to make traditional, transparent transactions, which are similar to Bitcoin transactions. Zooko explained that using a hybrid of privacy-preserving and transparent transactions on the Zcash blockchain can still offer many advantages over a traditional Bitcoin transaction.  “The existence of the privacy-preserving transactions means that they break the links of the chain of transaction history,” the Zcash CEO noted. Zooko also explained how a combination of private and non-private transactions would work in greater detail: “There might be ways around it because if you have a buffer of money you can spend it using a privacy-preserving payment, so there’s no linkage between where it came to you. Then, you can privately spend it to a new address. So, there’s no linkage in the blockchain between where you got it and that new address that currently controls it. Then, you could do a non-private spend of it directly from that address.” Having said that, Zooko also stated this type of usage of the Zcash blockchain will not offer the greatest level of privacy for its users. He stated: “Earlier I said, ‘Zcash offers the maximum possible privacy that cryptography can provide.’ And that is true ‒ if all you ever do with it is the privacy-preserving spends. Then, you’re putting as little information as possible into the blockchain.” Missing Out on Some of Bitcoin’s Functionality In addition to Zcash’s efficiency issues, the “HTTPS for money” also cannot enable many useful features of Bitcoin in its subset of privacy-preserving transactions. Zooko explained: “There’s a bunch of functionality in the Bitcoin ‒ or the globally transparent protocol ‒ that we can’t do with a privacy-preserving spend ‒ like multisignature transactions. Those are really important in Bitcoin. There’s a lot of really cool things being built with multisignature transactions.” He then clarified his point further: “Zcash can do multisignature transactions using the globally transparent subset of the protocol, but when you want to do a privacy-preserving spend, you can’t do multisignature.” Although there are still some issues with the Zcash protocol, it’s clear that the availability of a truly anonymous cash system is desired by the vast majority of the digital currency community. This sort of cryptographically-ensured privacy should become more usable over time. Perhaps the currently-available testnet version of Zcash should be viewed as an early preview of what’s to come in the future of privacy-conscious digital currencies. Kyle Torpey is a freelance journalist who has been following Bitcoin since 2011. His work has been featured on VICE Motherboard, Business Insider, NASDAQ, RT’s Keiser Report and many other media outlets. You can follow @kyletorpey on Twitter. The post Zcash CEO Zooko Discusses Privacy and Efficiency Tradeoffs vs the Bitcoin Blockchain appeared first on Bitcoin Magazine. BtcDrak, the most active pseudonymous Bitcoin Core contributor to date, is making a move into the mining hardware industry. The developer, who besides having contributed to the Bitcoin Core repository also maintains the bitcoincore.org website and the Bitcoin Core Community Slack channel, has helped set up ASIC chip manufacturing company Halong Mining over the past ... Your email address will not be published. Required fields are marked * Notify me of follow-up comments by email.

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Finance Magnates 2015 All Rights ReservedEmail was send successfully!Please check your inbox for our authentication email.*required fieldsThank you for registering to Finance Magnates.Please open the email we sent you and click on the link to verify your account.Zcash is a new privacy-focused cryptocurrency that is getting a lot of positive feedback and coverage recently despite just being launched. Monero is believed to be one of the most in-demand untraceable CryptoNote cryptocurrencies. Providing anonymity and unlinkable encrypted transactions, Monero became one of the kind in Darknet, and its rates skyrocketed thrice as high on trading platforms.To unlock the Asian market, register now to the iFX EXPO in Hong Kong.Changelly is a crypto exchange with two years on the market. It offers instant transactions without amount restrictions, supports 25 cryptocurrencies and has over 100 thousand active users from around the world, making more than 1000 transactions daily. Changelly also offers an instant exchange API and widgets for digital wallets, ICO platforms and merchants. The company has recently partnered with CoinMarketCap, DECENT, official NEM/XEM nanowallet, Freewallet, Navcoin and other services.To compare Zcash andMonero and offer a clear vision of their main features and differences, we talked to Konstantin Gladych, CEO of Changelly which supports both cryptocurrencies:Anonymity is the main feature both Zcash and Monero are about. Can it be different? The confidentiality of Monero is achieved due to so called one-time ring signatures. Its the basis of the original CryptoNote protocol implemented in the crypto. The protocol hides a sender, recipient and transaction history.The Monero team keeps testing new technologies for even better privacy protection. The upcoming Ring Confidential Transactions (Ring CT) system will allow users to hide the amounts of XMR they send. Thus with the next hardfork Monero is going to be totally private and untraceable.Zcash does pretty much the same as Monero. But why is this crypto so appealing for many users who want to protect their data from third parties? Is Zcash better than Monero, after all? To answer this question, lets take a closer look at its principle of work. Zcash uses a different zero-knowledge proof construction, called a zk-SNARK that hides transactions with all payment metadata and protects users from robbery or cheating.Unlike CryptoNote, the proven stealth algorithm, zk-SNARKs arent used anywhere. In addition, Zcash requires special key data for a Trusted Setup. In other words, its the proof of guaranteed secure transactions made in order to eliminate the possible fact of fraud in the global blockchain. Monero doesnt need this ceremony which takes time and efforts on a users part.One of the main differences between Monero and Zcash is that Monero currently mixes one transaction data with others, whereas Zcash hides them completely. However, this issue is to be solved when Moneros Ring CT is released in 2017.Despite new technologies implemented in Zcash, the new yet lacks the strong technical realization of true anonymity. However both of currencies have their unbeatable advantages Monero is the market-proven cryptocurrency with reliable mechanisms of work. As for Zcash, it has a great team of developers behind and technical innovations which are about to be enhanced.Another feature of Zcash is that it can function as the Bitcoin fork and support regular, traceable transactions, which is crucial for large trade platforms and wallets.Although Monero was released several years ago, it still hasnt a GUI wallet which you can download to your computer. However, there is a plenty of online Monero wallets including ones for smartphones.Zcash appeared to be more prompt at this point. Its GUI wallet is available on GitHub.As a rule, the mining process requires powerful machines since the power is directly related to the mined amount. Both Zcash and Monero have different mining algorithms.Monero has CryptoNight, a proof-of-work algorithm designed for CPU mining without special devices like ASICs.Zcash, in turn, uses Equihash, another PoW algorithm that consumes massive amounts of GPU memory making the mining process virtually unavailable on average desktop computers. Currently Equihash hasnt been optimised for mining. The Zcash team keeps working on this.Whats the best? This is up to the investors to decide. Monero is a time proven and reliable crypto beloved by the Darknet. Zcash is a brand new digital currency with unique algorithms providing both public and private transactions.IOTA to Demonstrate IoT Applications at Industry Conference in Germany TomorrowExclusive: Charlie Lee Confirms Exploring Bank Acquisition with TokenPayMama, Im Selling My Stuff for Bitcoin and Hittin the Road 8 Comments on "Darknet Cryptocurrency Showdown An Unbiased Comparison of Zcash vs Monero"Zcash is a scam.ZCash is financed by wrong institutions, and they are now trying to hide it. Some webpage is missing now already In short, financed by USA and Israel governments, they can insert as much coins as they want. Real Fiat 2.0. ZCash is deception. ZCash is scam!The info is still there that makes Zcash dubious: http://zerocash-project.org/about_usJust because some of the work was sponsored by DARPA and the Israeli government doesnt make it a scam. Zooko is a good guy.you are correct, what makes it a scam is the 20% of mining going to the devs and the trusted setup that allows 6 guys to print money at will without the public knowing.I prefer Shadowcash, which also uses ring signatures similar to cryptonote and monero. But its designed on a Bitcoin codebase so its a lot more compatible with current infrastructure. It is designed to be able to implement ZK-snarks in the future as well, so it can benefit from zcash development. It is also has a nice GUI wallet, which monero lacks, and Shadow Market will be released soon as a decentralized market place similar to open bazaar. Considering the market cap difference between shadowcash and monero, its very undervalued and probably a good investment.ZCASH is looking like a scam and monero is the only logical option for the darknet.Alphabay reports 2% of all transactions are completed in monero. ZCASH is very volatile and may allow the owners of the site to make a little more cash if they play their cards right. But monero is the BEST option for sellers and buyers on the siteI was expecting to receive some Monero yesterday in the afternoon, but It has not arrive yet. how long does it usually take for a transaction to be confirmed in Monero? will that speed change?Keep in touch with usFinance Magnates is a global B2B provider of multi-asset trading news, research and events with special focus on electronic trading, banking, and investing.Copyright 2018 "Finance Magnates Ltd." All rights reserved. For more information, read our terms and conditions