Search results for - zcash vs zcoin

A question that often pops up is: what are the differences between Zcoin and Zcash?Zcoin and ZCash are the only two cryptocurrencies that use 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.

Harsh PokharnaBlockedUnblockFollowFollowingBlockchains | Mobile Application Development | IIT Kanpur Alum | Ex-Flipkart | Ex-JioMoney | Classic Rock | Guitar | Fitness | Long DrivesAug 7, 2017ZCoin 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. 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

We often see new cryptocurrencies being created due to hard forking an existing project. One of the latest projects to do so goes by the name of ZenCash, a privacy-centric coin which is directly 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. cash/

In this video episode of Let's Invest we look at the top three cryptocurrencies focused on privacy, anonymity, and security. They are Monero, Zcash, and PIVX. All three coins are 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!

Bitcoin Gold Mining Profitability ! vs Zcash vs Ethereum (BTG vs ETH vs ZEC)Hello Everyone,We are comparing 12 GPU Mining Rig 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

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Home » Columns » WTF is... » …Zcash? I’m sure by now you’ve heard of bitcoin — the fat and happy granddaddy of cryptocurrencies that has investors, governments, and tech geeks all worked 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.

Home » Battle of the Privacy Coins: Monero vs. ZcashBeing able to transfer money privately from one party to another is essential for the proper functioning of cryptocurrency.Bitcoin (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.

Cryptocurrency is nothing but a form of online currency in digital or virtual form. These online assets can be used for multiple reasons such as investing, exchanging, buying as well as selling goods and services, all over the internet of course. Crypto uses cryptography which allows its users not to worry about security as thanks to this technology, it is impossible for you to double-spend or even counterfeit for that matter. This virtual currency uses another technology known as blockchains. Now, for those of you wondering what it is? Let me help you with that. Blockchain is nothing but a network of multiple computers that are used to manage and record each and every transaction made by users. Other than this, it is important for you to know that cryptocurrencies work on a decentralized layout which makes them free from manipulation and interference from the government and can work outside the control of central authorities of a particular country. 

The crypto marketplace is not something that people are still unfamiliar with. Over the past few years, these online currencies have gained a lot of support and were able to seek a lot of attention from potential investors throughout the globe. Over the past few years, there have been a lot of cryptocurrencies that came up and got popular but as heard, everything has its life, they disappeared soon after. Not just that, some currencies made their way into the mainstream and gained a lot of success and fame but on the other hand, there were some currencies that were unable to be recognized or survive in the industry. The problem here is that some people still don’t have an understanding of the subject and they just go with the hype created on the internet. Some people don’t know what it is, some others gain significant profits and there are some people who suffer losses too. 

There are a lot of online currencies for you to pick from in the crypto space including Dogecoin, Ethereum, Baby Doge, Bitcoin and Binance Coin to name just a few leading currencies in the marketplace. But that’s not it. There is a new addition to the industry known as Tornado Cash. 

There is often a misbelief about virtual currencies. Due to some unknown reason, people have started believing that blockchain transactions are anonymous as well as private but the truth is that in most of the blockchains this fact is not true. Instead, most of them, including the industry-leading Bitcoin and Ethereum, are simply fictitious. The transactions are completely visible and accessible to the public. Although a name of an individual is not linked to an individual’s address publicly, it is not a difficult task to determine the owner of any specific wallet address. 

Due to this, using a public wallet address, you can track anyone’s spending habits. For this to happen, you just require to see the user details for a single transaction, that’s all. While several tools and blockchain projects have attempted to solve this problem of anonymity vs pseudonymity, none of them has been very successful.  Tornado cash is just another company with the objective of solving the problem of anonymity as well as privacy on a transparent blockchain that is easily accessible to the public. For you to understand better, let’s start with 

Tornado Cash or as often known as TORN is nothing but a non-custodial, decentralized privacy solution that has been built over Ethereum. It is known to improve the privacy of transactions by just breaking the on-chain link amongst destination and source addresses. For some of you wondering about TORN, it is just the governance token of the Tornado Cash platform. Moreover, TORN holders can vote and create proposals in order for them to change the protocol. 

Tornado Cash was developed based on the open-source research which was done by the Zcash team, while the tool allows platform users to make their ERC-20 tokens or Ethereum privatized by just simply sending them through the company’s smart contract service. After successfully sending a deposit on to the Tornado Cash smart contract, it can be further withdrawn to a brand new Ethereum address, in order to ensure that funds that were withdrawn cannot be linked to the source of the deposit, thus ensuring the anonymity and privacy of the user’s assets. 

Unlike in the case of other tools created to ensure privacy, Tornado Cash is completely owned and governed by its very own community. This was made possible around last year in May 2020, when the development team of the platform waived authority atop the protocol’s multi-signature online wallet in a trusted setup ceremony. After that turnover, even the founders along with the developers have absolutely no control over Tornado Cash and the platform can be considered to have been completely decentralized. The company’s governance token that we previously talked about, TORN, is an ERC-20 token with a fixed supply of nearly ten million tokens. 

In addition to this, the users of Tornado Cash receive points for their anonymity as they further interact with the protocol. There is a shielded account in which these points are deposited and once they are sufficiently accumulated, the users can choose to convert them to TORN tokens in a platform’s unique process known to be as Anonymity Mining. Each time a user deposits assets on the platform, Tornado Cash generates a secret hash. Their smart contract then accepts the deposits made by users along with the hash generated, called as commitment. The purpose of commitment is to identify and prove the real sender during the process of withdrawal that the user who is in question, owns the said assets. By placing a hash on making a request, the identity of the user is confirmed, while during all of this, the user remains completely anonymous on-chain in front of everyone else present. 

Talking more about TORN, being the project’s governance token having fixed supply was launched around six months ago, in February 2021 after a governance proposal opened TORN along with five percent of its entire supply being given to initial adopters that formerly used Tornado Cash. The airdrop gave away nearly five lakh tokens, while those not claimed after a year will be destroyed(burned). In total, there are almost ten million TORN tokens and a large portion of about 55 percent is kept aside for the DAO governance treasury. However, nearly thirty percent is reserved for initial supporters along with founding developers. Meanwhile, leftover ten percent of TORN will be given away for anonymity mining on ETH pools of Tornado Cash.

Not to mention that using a hundred percent anonymity, this platform enables you to send transactions with zkSnarks proofs. It will retain absolutely full control of your deposits made and is a hundred percent non-custodial as discussed previously. The Tornado Cash presently work on few commonly popular blockchains including Polygon, Ethereum mainnet, Binance smart chain as well as Ethereum Goerli to name a few. As briefly mentioned before, community members are required to deposit tokens in the corresponding governance contract. By voting or creating a governance proposal, all the TORN tokens being deposited cannot be utilized before the end of the proposal’s execution time frame. 

In order to develop a governance proposal, it will require a minimum of a thousand TORN tokens, which just for a reference is equivalent to nearly 314,000 dollars. For proposals to be executed by governance contracts, they are required to have a verified smart contract. Each proposal has just a three day voting period. 

For those of you wondering about the statistics of the TORN token. Let me make it easier for you. Despite making it very clear that the tokens are not for speculation after the token was introduced, the price soared and hit an all-time high of nearly 437.41 dollars as of February 13 this year. As I told you all in the very beginning, the cryptocurrency marketplace is highly uncertain and volatile, since February, the prices have gone downhill at 42.85 dollars on Jun 25, 2021, having lost nearly ninety percent value. 

Some of you might be wondering if TORN is worth the investment? Let me convince you. Tornado Cash (TORN), as per market cap, is the world’s 439th largest virtual currency valued close to 80,247,664 dollars. The current price of the currency is 74.53 dollars which is an increase of nearly 21.897 percent as compared to yesterday. For those of you thinking where to buy Tornado Coin, unfortunately, not a lot of exchanges have it listed, especially in the United States. However, it is being said that you can buy the Tornado Cash with some other virtual currency but just be clear about all the legal requirements and restrictions. 

Verdict:

Knowing that blockchains do not possess features in regards to privacy, there are certain platforms that may be of some help to you to protect your identity worldwide over the internet. Tornado Cash is nothing but just a privacy solution built over the Ethereum network. In layman terms, it has only one job to do which is to pool virtual assets and send them to a new and different address, a service that is commonly referred to as “mixer”. The real question is, however, whether or not Tornado Cash is a worthy privacy solution? Yes, I believe that Tornado Cash is the perfect privacy solution as of today. 

Not to mention that it is important for you to understand the fact that investing in any virtual currency is extremely risky and uncertain. It is advised that you should invest only if you are willing to take certain risks and bear losses if necessary. Also, remember that you should not invest more than what you can afford to lose.

What are your thoughts on Tornado Cash? Do let us know in the comments below. To know more about various cryptocurrencies, do check out other articles we have on our website. Thank you for your time & if you found our content informative, do share it with your investor friends!

Also read: Casper: Everything you need to know 

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Stock News|Cryptocurrencies Exactly what makes a litecoin appealing is that its cost (at $277) is still cost effective for lots of such financiers, a minimum of currently. Business|NDTV Profit 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.

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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

Eighth in a series. By @sellputs Shakespeare may have said it best in Romeo and Juliet. Cue Jules: Whats in a name? That which we call a rose By any other word would smell as sweet; So Romeo would, were he not Romeo calld. . . MichaelWuensch / Pixabay A rose is a rose no matter what you call itbut is a bitcoin a bitcoin, no matter the name? Should you invest in the Mother of all Digital Currencies, the bitcoin invented by unconfirmed creators in 2009, or will any fly-by-night arrival do? And if you stray from the progenitor that gave rise to this whole bubble, can you fare better in less populated parts of the market? I am talking about the New Kids on the Blockchain. Ethereum, Litecoin, Zcash, Dash, Monero and on down to Faircoin, the 200th crypto based on total market cap, and beyond. They are among an estimated 1,200 versions of digital currencies you now can trade in, on any one of dozens of digital exchanges (Coinbase, GDAX, Binance, Kraken, Cryptorium etc.). The price-movement spreads between any two of these currencies can be striking. A look at the top-10 previous 24 hours for Stellar (XLM), a 25% rise for Ripple and yet only a 1.9% lift for Monero and a 3.3% increase for bitcoin itself. Millions of investors have crowded into the best-known play of buying into a sliver of bitcoin itself, sending the price aloft toward $20,000 in recent weeks, only to see it collapse to $12,000, rebuild to $16,000 and then fall back yet again this week. The other day, Im having a drink with a couple of guys at the Chatham bar in Indianapolis, and I helped one of them open a new Coinbase account in a matter of minutes. He pumped $750 into it from his credit card and, moments later, said: I cant believe I just lost $70. Hey, if you havent sold, you havent lost. Bitcoin is so volatile that we no longer are shocked by huge moves, if ever we were. As I got on the road yesterday morning to drive north up the entire, border-to-border western edge of the state of Indiana, heading back toward my base in Chicago, bitcoin was down 12% overnight. If the Nasdaq suddenly lost 12% it would be a national emergency. Yet for all of bitcoins frenetic rise and fall and rise, some players seek better returns in the lesser knownwhere the ups and downs can be even sharper. Volatility yields far higher returns (for taking on far higher risk), and as stocks seemed to go nowhere but up for the past year and volatility went way down, some money flowed out of this safer haven to seek out greedier returns in the world of bitcoin. These rookie investors are trading in and out of these currencies daily, similar to how the same kind of bettors were day-trading dotcom stocks right up to the bubble-burst and the ensuing Tech Wreck of 2000. I always wondered how many got out alive. Trying your hand at betting on bitcoins stepsiblings carries higher risks. So many Initial Coin Offerings have come out, so fast, that some of them are bound to flop and others might be a scam from the get-go. The newer coins have far lower market caps, which means they can gyrate with even wilder volatility than bitcoin does. For a look at more than a thousand cryptos and their prices, market caps and latest trade volumes, go to coinmarketcap.com/coins. Plus, surfing back and forth among these currencies in the backwaters of online trading can be like jumping lines at a crowded supermarket. Just when you think you have switched to the fastest line, the shopper at your register wants to pay with a three-party paper check and she cant find her ID, hang on and the people in the line you left mock you by moving forward, lickety-split. Man! I hate that! One guy I know reaped 50%-plus profits in bitcoin (BTC), sold out and reinvested in Ethereum (ETH) and Litecoin (LTC), got up 75% and then panicked in a flash crash, selling after prices took a dive and wiping out most of his gains. Bent on a comeback, he redirected his bets away from the GDAX exchange and over to Binance, where he imbibed in Ripple (XRP). Caveat: Complicating matters, though, is the thicket of restrictions at various exchanges. Ripple, for example, must be bought at some exchanges by using only other digital coinagenot U.S. dollars. Yet paying in bitcoin to buy Ripple seems to defeat the purpose of betting on cryptos altogether. The idea is to swap your dollars for these au courant currencies in the digital realm, isnt it? Bitcoin has drawn the lions share of the $600 billion valuation that is assigned to crypto currently. One wonders, though, what the real figure is for the amount of actual dollars and euros invested in bitcoin in the past year, compared with the imputed value of what all 21 million bitcoins would be worth in total if you cashed them all in today. But anyway Bitcoins total value (aka market capitalization) is around $315 billion (at a total 21 million coins at $15,000 apiece, although coinmarketcap.com says only 16.7 million coins are in circulation and cites a lower value of $250 billion). This market share of more than 50% makes bitcoin the safest cryptocurrency play. The #2 crytpo by total value (aka market cap) is Ethereum, at $75 billion based on a price of $770 just before noon this morning. The #3 coin, by market cap, is Ripple, far cheaper per coin at a price of $1.83 and a total market cap of $70 billion. At #4 is the bitcoin spinoff or fork, bitcoin cash (BCH) at $47.8 billion and a price of $2,824, then Litecoin (LTC) at #5 ($13.8 billion at $254 apiece) and so on. Go a few rungs lower and market cap plummets; by the 200th rung you get Faircoin, at a mere $57 million market cap and $1.09 apiece earlier today. Move on down to #1,065 and you get Nodecoin, with a total market cap of less than $8,000, a price of less than a nickel per coinand a 19% gain in just the past hour! Some people will make a killing by surfing all these wavelets, while others will just get killed. Some things to keep in mind if you dare take this on: This is so risky that even a lot of seasoned traders on Wall Street wont come near it. They prefer to trade bitcoin futures on the CBOE and CME. If your appetite for risk is higher than the norm, play these extra cryptocurrencies. If you typically are a less-risky investor, play only bitcoin and the three or four other biggest coins by market cap. When investing in a bigger-cap coin, you can do research and analysis to help you decide where to bet. Teensy coins, however, have very little information to go on. Instead, take a sum you can afford to lose and spread it evenly among half a dozen choices, in the same way you would cover a bunch of numbers at one time at the roulette table. The cheaper the price, the higher leverage for a coin to rise in value. It is far easier for Ripple to double up to $4 apiece than it is for bitcoin to double to $30,000. Yes, it is a blinding glimpse of the obvious, and worth saying nonetheless. When in doubt, it may be best to bet on Ripple. It is the bitcoin of the lesser lights. It is priced at less than $2 per coin compared with $250 for Litecoin, the cheapest of the other top four cryptocurrencies. Its market cap of $70 billion compares with the total value of Tesla. One last thought for you on this expedition: Expect prices to fall instantly after you buy into any particular coin, that way you insulate yourself from shock and buyers remorse. Wait out the dips, enjoy the up-surges and be aware that the path to wealth is jagged and uneven. The only way to go up is to also be willing to go down. FacebookTwitter Share buttons by mashshare.net - Version: 3.5.2

After bitcoin, ripple is one of the largest cryptocurrencies by market capitalizationThe bitcoin prices may have stabilized but, they still hover around $13,000, a price far too high for a lot of potential investors. The exorbitant price of bitcoins dissuaded hundreds of thousands of potential investors who missed the 2017 rally. The bitcoin prices had jumped in the last month of 2017 in run up to the launch of futures trading by CBOE (Chicago Board of Options Exchange) and CME Group this month. After the futures trading launch, the prices have more or less fallen from the peak of $19,666, a feat achieved on December 17. However, there are numerous cryptocurrencies which are still not as popular and can be bought owing to their affordability.Following are some of the bitcoins' smaller rivalsRipple (XRP): Ripple, one of the largest cryptocurrencies by market capitalization, claims to offer frictionless experience to its customers to send money globally using the power of blockchain. By joining Ripple, financial institutions can process their customers' payments anywhere in the world instantly. The Ripple woos banks and payment providers to use the cryptocurrency for reducing costs. Ripple's price had surged $1 for the first time on December 21. Litecoin (LTC): The market capitalization of litecoin rose from $1 billion in November 2013 to $4.6 billion. What makes a litecoin appealing is that the price of a litecoin (at $277) is still affordable for many such investors, at least as of now. Another thing that distinguishes litecoin from a bitcoin is that the litcoin takes relatively less processing speed (2.5 minutes) unlike bitcoin that takes around 10 minutes for one block. The market capitalization of litecoin is over $15 billion. Ethereum: Ethereum is a distributed public blockchain network. Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher. Bitcoin offers one particular application of blockchain technology, a peer to peer electronic cash system that enables online Bitcoin payments, the Ethereum blockchain focuses on running the programming code of any decentralized application. The value token of the Ethereum blockchain is called ether. The price of Ethereum is over $700. Verge (XVG): Verge currency is a cryptocurrency that improves upon the original Bitcoin blockchain and aims to meet the primary purpose of providing individuals and businesses with a fast, efficient and decentralized way of making direct transactions while maintaining personal privacy, says the Verge currency's website. Verge makes it possible to engage in direct transactions quickly, efficiently and privately. With Verge currency, businesses and individuals have flexible options for sending and receiving payments. Verge uses multiple anonymity-centric networks such as Tor and 12P. The IP addresses of the users are obfuscated and the transactions are completely untraceable. Price of one verge is around $0.1583 on Saturday while the total market cap is over $2.2 billion. Zcash (ZEC): While the bitcoin blockchain contains records of the participants in a transaction, as well as the amount involved, Zcash's blockchain shows only that a transaction took place, and not who was involved or what the amount was. Zcash is an open-source protocol because of which, the Zcash Company does not control it (including controlling the mining or distribution of it), not does it have any special access to private or shielded transactions. Just like anyone else, the Z cash Company only has the ability to see a private or shielded transaction if it is a party to that transaction or someone provides it with the correct view key. Zcash is valued at $518. David Ogden Entrepreneur

RX VEGA 64 Zcash mining Hashrate | Power usage AMD RX/R9 GPU vs NVIDIA GTX 10/9 series Benchmark PC Tech - MultiTechnopark Скасувати підписку на канал "Benchmark PC Tech - MultiTechnopark"? ПідписатисяВи підписалисяСкасувати підписку9,9 тис. Хочете переглянути це відео пізніше? Увійдіть, щоб додати його до списку відтворення. Увійдіть, щоб повідомити про неприйнятний вміст. Увійдіть, щоб ми могли врахувати вашу думку. Увійдіть, щоб ми могли врахувати вашу думку. Рейтинг стає доступним після прокату відео. Ця функція зараз недоступна. Повторіть спробу пізніше. Опубліковано 14 серп. 2017 р.RX VEGA 64 Zcash mining Hashrate | Power usage AMD RX/R9 GPU vs NVIDIA GTX 10/9 seriesRX VEGA 64 Zcash mining Hashrate & Power consumption on RX VEGA 64 | GTX 1080 Ti | 1080 | 1070 | 1060 | 1050 Ti | 980 Ti | 980 | 970 | 960 | RX 580 | RX570 | RX 480 | RX 470 |RX 460 | R9 390X | R9 380X | R9 290X | R9 280X. Tested : Zcash ( ZEC ) using Equihash algorithm. Power consumption on Watts per hour. Nicehash miner used.Dont forget to hit SUBSCRIBE BUTTON!RX VEGA 64 purchase link: ▶ http://amzn.to/2w4pYLgAMD RADEON RX 580 purchase link: ▶ http://geni.us/soJlfjAMD RADEON RX 570 purchase link: ▶ http://geni.us/vMFuyfAMD RADEON RX 480 purchase link: ▶ http://geni.us/sAOla0AMD RADEON RX 470 purchase link: ▶ http://geni.us/ZZUTvqWAMD RADEON RX 460 purchase link: ▶ http://geni.us/Mfvr9UoAMD RADEON R9 390X purchase link: ▶ http://geni.us/9MDbvAMD RADEON R9 380X purchase link: ▶ http://geni.us/CIqgFNVIDIA GTX 1080 Ti purchase link: ▶ http://geni.us/7VZ1NVIDIA GTX 1080 purchase link: ▶ http://geni.us/kWKfCk1NVIDIA GTX 1070 purchase link: ▶ http://geni.us/gtkL6rcNVIDIA GTX 1060 purchase link: ▶ http://geni.us/2Q2y0ANVIDIA GTX 1050 Ti purchase link: ▶ http://geni.us/jHAW6ZNVIDIA GTX 980 Ti purchase link: ▶ http://geni.us/tj8XNVIDIA GTX 980 purchase link: ▶ http://geni.us/p9S6NVIDIA GTX 970 purchase link: ▶ http://geni.us/ABqxQnyNVIDIA GTX 960 purchase link: ▶ http://geni.us/q026Zcash is a cryptocurrency that offers privacy and selective transparency of transactions. Zcash payments are published on a public blockchain, but the sender, recipient, and amount of a transaction may remain private.The Zcash trade symbol, ZEC, is not an official ISO 4217. Like Bitcoin, Zcash has a fixed total supply of 21 million units. On traditional blockchains such as Bitcoin and Ethereum, every entry into the blockchain reveals both the amount of the transaction and the parties involved in the transaction. Bitcoin's CoinJoin obfuscates the amounts and recipients by allowing users to pool transactions together. It does not hide the total amount value of the pooled transactions, only how the total amount is split between future transactions. It also requires active participation between clients.BitShares 1.0 featured the ability to hide the total transaction amount, but not the receiver and recipient of the transaction. However, total transaction amounts can leak by checking the values of previous and future transactions.Monero goes a step further in creating a large number of dummy inputs and outputs for each transaction, creating a much larger set of addresses connected to a given transaction. This too can leak information as clients must create dummy transactions that mimic real transactions. Between April 2014 and January 2017, 62% of all Monero transactions were linkable due to client software creating dummy inputs to transactions from wallets without any balance. Other patterns leaked information about 90% of transactions. Zcash uses novel cryptographic zero-knowledge proofs (zk-SNARKs) to protect both the amount and recipient of shielded transactions. Theoretically, this increases the set of potential inputs and outputs for a given transaction to every shielded address on the blockchain. n reality, the anonymity set is much smaller as older addresses are less likely to be in use. However, this is as large as the anonymity set for any public blockchain can become as a transaction must be recorded.Zcash also allows for transparent transactions, which do not provide any privacy protections at all. This is due to shielded addresses lacking certain features (such as multi-signature wallets) and the hardware requirements to generate a shielded transaction (a copy of the blockchain and ~3GB of RAM). It is thus possible to correlate transactions when a transparent address sends a given amount to a shielded address and later transfers that amount to another transparent address.It is also possible for a network adversary observing IP addresses to correlate transactions. VPNs, Tor, and I2P can be used to hide IP addresses and there are ongoing efforts to enable Tor by default. Zcash differs from most cryptocurrencies in that the monetary base required the generation of parameters that could be abused to counterfeit Zcash if "toxic waste" created in the process was not destroyed. A compromise of the "toxic waste" would not impact the anonymity or security of individual transactions, it would only allow for secret inflation.This threat was mitigated by using a multi-party system in which six individuals would have had to collaborate to manipulate the currency.#amd #nvidia #cpu #mining #cryptocurrency #ethereum #nicehash

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BitcoinInsider Toggle navigation Search form Search BITCOIN ETHEREUM CARDANO BLOCKCHAIN MINING ALTCOINS BITCOIN CASH LITECOIN RIPPLE IOTA DASH EOS MONERO ZCASH NEO COUNTERPARTY CHARTS CRYPTO MARKET CAP ETH-BCH vs BTC BITCOIN PRICE ETHEREUM PRICE RIPPLE PRICE BITCOIN CASH PRICE CARDANO PRICE STELLAR PRICE LITECOIN PRICE EOS PRICE DASH PRICE MONERO PRICE ZCASH PRICE