0
Zcash is a cryptocurrency as well as Bitcoin. But it's not the same thing.
When Bitcoin was first released, it brought an open financial system to the world. Anyone could connect without requiring permission from anyone else; anyone could extend and improve on it without permission.
However, it came with a drawback - privacy. Bitcoin allowed everyone to see the sending address, recipient address, and value of all transactions on the blockchain. Sure, they weren't tied to a user (or computer) by default, but contamination was a possibility. People are, after all, only human. In contrast, Zcash automatically hides the sending address, recipient address and the value of all transactions - unless you have the viewing key.
The Zcash team was founded with privacy in mind: privacy for businesses; privacy for commerce. To be viable long-term, tangibility is needed - and without privacy, tangibility can't exist. Bitcoin brought tangibility to the digital world, but Zcash is making it accessible. No longer do coins need to be tumbled; no longer do new addresses need to be generated for each transaction to ensure complete anonymity. It's built in from the get-go.
Add your answer:
Earn +20 pts
What's the difference between Zcash and Ethereum What are their benefits?
Zcash is a private crypt-ocurrency which uses zero-knowledge proofs to let users transfer and receive money without disclosing the identity of the sender, recipient or the value that the transactions are. Ethereum is a smart contract platform that allows developers to build and deploy decentralized applications. Benefits of Zcash: Privacy: Zcash transactions are completely private, which can be beneficial for users who want to protect their financial privacy. Security: Zcash is built on the same underlying technology as Bit-coin, which is known for its security. Fungibility: Zcash units are all fungible, meaning that they are all equal in value and cannot be distinguished from each other. Benefits of Ethereum: Smart contracts: Ethereum is a platform for smart contracts, which are self-executing contracts that can be used to automate a wide variety of transactions. Decentralization: Ethereum is a decentralized network, which means that it is not controlled by any one entity. Large community: Ethereum has a large and active community of developers and users. You can find great deals of Asic Miners on Asic Marketplace
What's the difference between Zcash and Ethereum What are the benefits of each crypt-o-currency?
Zcash is a private crypt-ocurrency which uses zero-knowledge proofs to let users transfer and receive money without disclosing the identity of the sender, recipient or the value that the transactions are. Ethereum is a smart contract platform that allows developers to build and deploy decentralized applications. Benefits of Zcash: Privacy: Zcash transactions are completely private, which can be beneficial for users who want to protect their financial privacy. Security: Zcash is built on the same underlying technology as Bit-coin, which is known for its security. Fungibility: Zcash units are all fungible, meaning that they are all equal in value and cannot be distinguished from each other. Benefits of Ethereum: Smart contracts: Ethereum is a platform for smart contracts, which are self-executing contracts that can be used to automate a wide variety of transactions. Decentralization: Ethereum is a decentralized network, which means that it is not controlled by any one entity. Large community: Ethereum has a large and active community of developers and users. You can find both currency miners on Asic Marketplace
Where can one find more information about cash title loans?
One can find information about a cash title loans from a local broker in the United States of America. Other sources of such information are Titlecash and e-zcash. Wikipedia also gives an explanation.
