All you need to know about Zcash
You must have heard of Tyler and Cameron Winklevoss in the whole Facebook lawsuit with Mark Zuckerberg. After having received a settlement for damages, Tyler and Cameron Winklevoss went their separate ways from Mark, looked into the digital currency space and started their own cryptocurrency exchange named Gemini. Their venture has brought forth the birth of a new and revolutionary Bitcoin competitor called Zcash. Aimed at providing even more higher levels of security at a lesser price, Zcash hit the live trading floors and went active on cryptocurrency exchanges on May 22.
Having had such major names backing it, Zcash has quickly gained popularity and is being looked into more and more by numerous investors and traders all across the world. However, with every new things, many clarifications are required so that everyone is on the same page and likewise, here is a little guide to help you know almost everything there is about Zcash.
What is Zcash?
Created by the developer Zooko Wilcox in October 2016, he created Zcash to tackle the feature of Bitcoins where everyone can see all sorts of transactions going on. He was not that big a fan of this privacy breach and wanted to bring into the market something that could do away with this. Likewise, he came forth with the idea of Zcash and developed it using the blockchain technology to carry out end to end or peer to peer transactions completely and wholly anonymously. Zcash is basically a hard fork of the original solution of the Blockchain technology – Bitcoins, and along with being a revolution in the sense of providing private and highly secure transactions which no one can witness other than the two parties involved, Zcash also has the ability to carry out these transactions way faster than Bitcoins or any other digital currencies.
Previously known by the name Zerocoin, it is now called Zcash and has the symbol ‘ZEC’, an interesting feature of Zcash is that its quantity is limited or finite, just like Bitcoins, and amazingly, just like Bitcoins, only 21 million of them are available to be mined. Moreover, with the popularity it currently has and the expected exponential growth of this currency, experts have predicted that the entirety of 21 million Zcash would be completely mined by the year 2032.
The zk – SNARK Protocol
Zcash uses a phenomenal cryptographic tool or protocol called the zk – SNARK protocol, which gives its users the option to go anonymous over the network. Since Zcash by default supports similar functioning as Bitcoins, if one wishes to not have the Bitcoin like transparent transaction functionality, they can choose to go for this option. Enabling this zero knowledge proof protocol hides the information of the sender and the receiver and also hides the amount of currency being exchanged.
The zk – SNARK protocol comes with high credibility since it was developed by an esteemed team of developers and coders from several prestigious universities including Johns Hopkins University, Massachusetts Institute of Technology (MIT), Technion – Israel Institute of Technology, and Tel Aviv University in the year 2014.
Thus making use of this zero knowledge proof protocol, users of Zcash are given the option or choice to makes transactions privately or publicly.
The objective that drives the Zcash team is to be able to help its users make private and anonymous transactions while also making sure that nobody is cheating. They also aim to someday become a mainstream fiat currency or a global level means of legal payments and are working hard towards that dream.
A new block on the Zcash blockchain is identified in under 2.5 minutes which is 25 times faster than the time the Bitcoin blockchain takes to identify a new block which is about 10 minutes. This makes it a very quick and fast option to choose to send and receive money because let’s face it, who really likes to wait for so long?
Everyone is aware of the transaction costs on the Bitcoin platform going up and up everyday, however, transactions and processing on Zcash takes almost next to nothing and you would not feel the pinch of paying an extra amount which is so little. Moreover, ASIC like heavy machinery is not required to mine Zcash and so virtually anyone with a GPU or CPU can easily mine Zcash without much hurdles.
Final thoughts on Zcash
Although it is not wise to make quick decisions about anything, several Zcash enthusiasts say that Zcash could in fact, in a couple years, become a legal form of payment. Moreover, with huge multinational companies like JP Morgan forming a partnership with the Zcash developers to themselves incorporate it in their systems make it a very credible venture which helps more and more people to trust it. Although this open source decentralized venture actually has a company backing it, people are concerned about the criminal activities that might take place on this platform. Only time will tell how things roll out for Zcash in the future.
What is TRON? Is TRON a good investment for 2018?
Understanding the fundamental principles of the TRON project.
The Blockchain’s Distributed Ledger Technology is one of the most secure forms of storing the information but as it is shared among each and every node of the network, privacy is somewhere being compromised, although transparency is maintained. However, apart from the currency point of view, there are a number of other applications in the real world where problems are yet to find solutions.
Any venture is undertaken, which was disliked by the government, was forced to shut down its operations through the centralized governing authority of the Government, but the decentralized concept of the cryptocurrencies has open the new oceans of opportunities, which is in some of the other ways, free from government censorship. Decentralization is a powerful tool which is absolutely independent of government control. Many cryptocurrency coins are used among the network for the transfer of value within it, along with the main intention behind the project being uncontrollable by the government.
Tron is one such cryptocurrency which aims to create a decentralized entertainment content sharing system along with being the future of decentralized social media. The users of the network need to constantly share their content with the other members of the network for which, based on a number of factors, the cryptocurrency will be rewarded in the form of an appreciation.
It’s truly a perfect cryptocurrency destination for all the social media, gambling and entertainment Geeks. Let’s try to gain some insights about the project.
- Currently, as the whole internet revolves around some of the big companies like Google, Amazon, Facebook, Instagram, etc they have complete authority over us, about our identity. Their applications are also designed in an addictive fashion so as to extract the maximum activity through them from us. It is estimated that Google, one of the most powerful search engine, knows about your preferences more than anyone else. Hence sharing your personal ideas and beliefs which such centralized organizations don’t seem to be reliable. Thereby a decentralized system is required, when no one can keep an eye on our personality.
- In the centralized form of an entertainment system, it is worth noting down that they have the complete authority of taking down any particular information or manipulate them according to their requirements. In a decentralized system, there is no concept of censorship and higher transparency is also obtained.
- The users would be paid by the network directly for their contribution for the content to the network without the intervention of any third party in the form of the native cryptocurrency.
- The cryptocurrency organization strictly complies by all the rules and regulations of the governing authority.
- Justin Sun is the founder of the TRON project. He has been able to achieve this fiat, at an early age of 27. He is also well known to have been founded the Peiwo app, which can be considered similar to Snapchat in the audio version, where users record that 10 seconds audio clipping and others listen to it. This app even became the first one to collaborate with TRON.
- Jack Ma, the founder of Alibaba Group, is estimated to be very near and dear to Justin Sun. He was exclusively selected by Jack ma to study at the Jack ma Hupun University. Some of the key developers from the Alibaba group are migrating to the TRON Foundation.
- In other words, Jack Ma can be considered as a mentor for Justin Sun. While Jack ma, himself is backed by prominent figures like Feng Li and Tim berners-lee.
- A top class security is provided by the TRON network as it is supervised by Jorge Guo, a well-known entity who has been endorsed to maintain Security at massive organizations like Google, Huawei, Qualcomm, etc. But in order to be on a safer side one is suggested to hold their cryptocurrency coins in their personal wallet itself.
Is it good an investment option?
With collaborations with key figures like Jack ma and most skilled developers from all around the world on the project, TRON seems to have an amazing future, as it is still in its natal stage. But speculations are haunting the project as Justin Sun is considered to be too young to handle a project at such scale. The fundamental concept seems to be promising enough for the project’s development in future and hence can be opted as a viable investment option.
What is NEO? Is it a good investment? How is it different from Ethereum?
Attributes which render NEO, to become a potential competitor to Ethereum.
Ethereum is one of the most famous cryptocurrency after Bitcoin. Ranking second, according to Coinmarketcap, the crypto protocol provides a standard template in order to facilitate anyone to create decentralized applications in their own customized manner. In those decentralized applications, the virtual commodities which are traded are confirmed on the Ethereum network. Scalability has always been an issue with respect to the Ethereum network due to an adamant usage of these decentralized applications. Crypto kitties were the most trending decentralized app, which had even once caused a clog in the Ethereum network. Let us see both while comparing Neo vs Ethereum.
NEO can be considered as the Chinese version of Ethereum. It is evident, in this world, that the people of China can be considered a bit arrogant in nature or patriotic towards their country, as they restrict themselves from using the Western products and services. They are known to have their own version of Facebook, WhatsApp, Amazon, also one of the most famous cryptocurrency platform, Ethereum which they use extensively. The cryptocurrency network is nothing but a distributed network for the improvement of the smart economy.
Further insights into NEO
NEO protocol basically comprises two kinds of coins, one is the native coin, NEO and the other one being, NeoGas. The concept here is very similar to that of Ethereum. NEO is used for all the transactions which take place under the NEO Network, and the NeoGas is used to used as a fuel for the transactions. All the native tokens were pre-mined and hence no mining process is available but this is not the case for NeoGas, as it is used to reward the nodes of the network to incentivize them, to help in maintenance and verification of the blocks.
The practical use case seems to be very simple. If two users need to undergo an agreement and have a transaction, then they can opt for the NEO smart contract where their assets are first converted into the digital cryptocurrency Neo. Followed by which, according to the rules and regulations, predefined on a smart contract the transaction is undertaken.
NEO vs Ethereum
The cryptocurrency has a lot of similarities with Ethereum. Although it is not exactly the same as Ethereum. Let us see Neo vs Ethereum Analysis.
In the Ethereum Network, an exclusive programming language is incorporated in order to develop the smart contracts, but in case of NEO, smart contracts can effectively be developed by using some of the already existing and popular programming languages like as C# and Java. Also in Neo vs Ethereum, Further developments are being done with respect to the NEO Blockchain, where the creation of smart contracts is to be made available in Python as well as Go too. This feature can be acclaimed as a reason for an advantage of NEO over Ethereum.
Another key difference in Neo vs Ethereum is that can be marked between the two prominent Blockchain’s is that NEO envisages Digital Identity concept whereas Ethereum doesn’t. This feature is highly appreciated in the international market as one needs to trust the other person and somewhat transparency is obtained through this paradigm.
Is NEO worth investing in?
As the token’s total supply is fixed at 100 million, the value of the coin, over time, is bound to experience a bullish trend. The process of the release of the cryptocurrency coin is vested with a Smart Contract, where only 15 million coins are released every year. Half of the total supply was already released earlier itself. This consistent release of coins is what offers stability to it. The platform even provides high scalability and controls the latency with 10,000 transactions per second. Being developed in China the cryptocurrency coin is somehow restricted, for its unconditional adoption by the Asian countries, as China is not a Crypto friendly nation. This could mark a potential risk to the coin.
Although NEO is regarded as the ‘Ethereum of the East,’ restrictions on the cryptocurrencies in the Asian countries can resist the growth of the network. Otherwise, it possesses the potential to leave Ethereum behind. As the cryptocurrency market is highly volatile an extensive background homework is mandatory, before an understanding any investment in the crypto field. One must bet only the amount of funds, that he/she is OK to lose.
Top ERC20 Tokens. The list of Top 100 ERC Tokens.
Some of the most valuable ERC20 tokens.
Below is Top 100 ERC20 Tokens list based on their structural use case.
The native token of the cryptocurrency exchange, Binance. Number 1 on the top erc20 tokens list.
Omisego is an open payment platform. Number 2 on the top erc20 tokens list.
veChain is a platform focusing on various fields. Number 3 on the top erc20 tokens list.
A Token of 0x protocol, for the decentralised exchanges. Number 4 on the top erc20 tokens list.
Zilliqa is deemed to be the next gen blockchain platform. Number 5 on the top erc20 tokens list.
Aeternity Blockchain offers a lightning fast smart contracts. Number 6 on the top erc20 tokens list.
Maker platform makes some of the most stable coins. Number 7 on the top erc20 tokens list.
Bytom is a Blockchain platform for financial and digital asset institutions. Number 8 on the top erc20 tokens list.
It is the native token of one of the most prominent decentralized crypto exchange, Blockonix. Number 9 on the top erc20 tokens list.
The Basic attention token is a decentralized ad Exchange platform. Number 10 on the top erc20 tokens list.
Augur is a decentralized prediction market protocol.
Golem is the first global market for computer power.
Pundi X is a Blockchain service for developers and Investors.
Waltonchain Blockchain collaborates with IOT for better supply chain management.
The token is nothing but the exchange KuCoin’s shares.
Rchain is a Turing complete and byzantine fault tolerant Blockchain.
Status token aims to build iOS and Android interface to access Ethereum.
Populous is an intelligence and invoice discounting platform.
Mixin is a mobile Blockchain connecting various Blockchains.
Mithril is a Decentralized platform for social network.
IOST provides a decentralized platform for Internet of service.
DigixDAO is a Decentralized Autonomous Organisation.
AION is a multi tier system for solving scalability and interoperability.
Aelf is a customizable system for Blockchain.
Loopring is a brand new crypto trading standard where the users have complete control over their assets.
Funfair is aimed to improve casino gambling using Blockchain Technology.
Kyber network aims for an easy transfer between different platforms.
Power Ledger aims for a sustainable development through solar energy and Blockchain Technology.
Loom network allows for a platform to run decentralized apps.
Kin provides a Blockchain platform for chat apps and social media.
Worldwide Asset eXchange allows virtual Marketplaces to run on them.
Dentacoin aims to imotice the dental Industry through Blockchain.
TenX is built on Comit network for frictionless transactions throughout the world.
A decentralized platform for the virtual reality.
Monaco is a Visa Debit card funded by cryptocurrencies used for daily transactions.
Bancor protocol is a standard used for the future smart tokens.
Polymath network connects the developers, KYC providers, legal experts, etc.
Cybermiles is a smart contract template for e-commerce companies.
Dropil is an intuitive platform for the exposure of cryptocurrency domain to the newbies.
It is deemed to act like a fuel to the LIQUID platform.
Enigma is a platform for running end to end decentralized apps.
Paypex aims to improve payment systems by using the Ethereum network.
Ethos provides for a portfolio manager along with universal crypto wallet.
Nuls is open source and aims to provide developmental tools to its members.
Veritaseum drives a peer to peer marketplace which is software driven.
Substratum is a network allowing for content sharing through internet without VPN.
Gifto is an amazing decentralized platform for gifting content creators.
An open source project to improve the decentralized streaming network.
Cortex provides for a suite of state of the art machine learning models.
Dragonchain is a Blockchain platform by Disney.
Salt is a Blockchain backed loan lending system.
The Storm network aims to improve the lives of workers around the globe.
Chainlink is used for helping the smart contracts access resources.
High Performance Blockchain provides for an accelerated Blockchain performance.
TrueUSD is a USD backed stable coin.
Gamecoin is used to tease digital assets of a game through this network.
Noahcoin supports economic development through Blockchain.
Bibox is an encrypted exchange with powers of AI.
Centrality helps startups with their decentralized apps.
Fusion provides architecture and infrastructure to the financial institutions.
Scry.info arranges the upstream, midstream, and downstream datas.
Santiment Network Token believes that Tokens have three dimensions.
Cybervein is a decentralized platform for data management.
Civic platforms helps in the protection of identity.
Matrix AI Network is also regarded as the intelligent Blockchain.
Storj provides decentralized cloud storage solutions.
Iconomi is an asset management platform for digital assets.
Odem is one of the first Decentralised education Blockchain platform.
iExecRLC aims at decentralisation of the cloud service through Ethereum environment.
The Holo community aims to build a decentralized cloud system.
Bluzelle provides for a Decentralised and shared storage environment.
Nucleus Vision transforms offline retail through IoT and Blockchain.
SingularityNET is a Decentralised platform for AI algorithms.
Gnosis supports an amazing forecasting tech which is market dependent.
Medishares is the first mutual insurance marketplace which is globalised in nature.
The Request network allows for customers to initiate a payment request globally.
Revain is a pioneer in the unbiased Blockchain review platform.
The Time New Bank provides a time value transition network.
Dai is a stable coin based on decentralisation.
Smartmesh is the fuel behind a distributed application platform, Spectrum
BnkToTheFuture is specialised in providing alternative financial product.
Ta Ta Tu is a Blockchain based social media platform.
Cindicator is a market analysis platform based on Blockchain and hybrid intelligence.
Quantstamp aims for mainstream Blockchain adoption through the increased smart contract security.
Nexo is a pioneer in the loans backed by crypto.
Enjin Coin is a cryptocurrency for the virtual community.
Aragon is a decentralised application employed to create Decentralised organisations.
Streamr DATAcoin is a censorship free currency restricted within a Blockchain.
Ruffchain is a Decentralised open chain platform for improvement of IoT.
Ambrosus is supply chain based on the Blockchain network.
SONM is an universal supercomputer and SNM is an internal token.
KickCoin provides a payment system which uses KICK Tokens.
Bottos is a public chain with integration with AI along with data and model markets.
CRYPTO20 is the first tokenised index based on the cryptocurrencies around the world.
Po.et is a shared ledger for tracking the ownership of creative digital assets.
Docademic is the Blockchain initiative for improvement of the healthcare Services throughout the world.
Genaro Network is the world’s first decentralised storage network.
Raiden network provides an of chain scaling Solution for increased scalability and faster transactions.
Dynamic Trading Rights was introduced to bring in a trustless and transparent trading if the ERC20 Tokens.
The Arcblock Blockchain provides for a secure and fast payment system.
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- Bitcoin Cash(BCH) 784.495
- EOS(EOS) 8.05267
- Litecoin(LTC) 84.7212
- Cardano(ADA) 0.165781
- TRON(TRX) 0.0357887
- Dash(DASH) 245.567
- NEM(XEM) 0.17088
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