Zcash: New product in the cryptocurrency market

Zcash is an open source system and cryptocurrency developed by Zerocoin Electric Coin Company.

Before you start using the system, it is worth noting that there are two types of wallet: Private and Public. At the same time, users independently decide whether the payment will be hidden or open (with a private transfer, additional encryption measures are used).

Mining takes place in three stages: the acquisition of a video card for mining ZEC, connection to the pool, adding special software to the computer. On average, it takes 150 seconds to create a new block. At the moment, the currency has great support from major players in the crypto industry.

Replenishment: mining using GPU, purchase on cryptocurrency exchange, using exchangers

Advantages of the system:

  • Coins have the same status, regardless of the method of receipt
  • Anonymity
  • The history of the origin of the coin cannot be established
  • Simple and quick on time asset mining (less investment will be required to create a farm)
  • Block formation takes about 150 seconds
  • Open source available to third parties
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