What is cryptocurrency Zcoin (ZCX)
Cryptocurrency Zcoin (ZCX) is a decentralized digital currency based on blockchain of Bitcoin, but has corrected its main flaws. All believe that bitcoins using is very difficult to track, but it is not, because all Bitcoin transactions are tracked, and eventually can lead to the first sender of bitcoins. The technology that is embedded in the blockchain Zcoin (ZCX) allows users to make a choice regarding the openness and anonymity of transactions. At open sending of means, coins Zcoin (ZCX) pass to the recipient like Bitcoin network, and at anonymous sending this algorithm changes. When the sender Zcoin (ZCX) makes the translation anonymously, the coins are first destroyed, and then created new in the wallet of recipient. This approach avoids the process of tracking transactions.
Technical features of cryptocurrency Zcoin (ZCX)
Official site – Zcoin.io
Year of foundation – 2016
Protection method – Proof of Work
Algorithm – Lyra2RE
Capitalization – $125 000 000
Cost of Zcoin (ZCX) – $36
Maximum emission – 21 000 000 ZCX
Differences between Zcoin (ZCX) from competitors
Very often users confuse among themselves cryptocurrency Zcoin (ZCX) and Zcash, but these are different cryptocurrencies, and their distinctive features, we will now analyze. To learn more about cryptocurrency Zcash, read this article. Here are the main differences:
– Stealth of transaction amounts. When performing transactions in the Zcash network, the amount of transactions remains undivulged, i.e. hidden. There is no such function in the Zcoin network, so the amount of transactions is open information.
– Transaction execution. The speed of transactions in the network Zcoin (ZCX) is ten times faster than transactions in the network Zcash, 10 seconds versus 10 minutes. However, anonymous Zcoin (ZCX) transactions in the same dozens of times the volume of Zcash transactions. This difference can adversely affect the speed of Zcoin (ZCX) transactions in the future.
Another difference between these two cryptocurrencies, is their algorithm of work, but in this part, we will not go much deeper.
Where to buy cryptocurrency Zcoin (ZCX)
Cryptocurrency Zcoin (ZCX) is now represented on the exchanges Binance, Bittrex, Cryptopia and others, on which traded in relation to bitcoin and other cryptocurrencies. To store coins ZCX developers Zcoin created a wallet Zcoin Official Wallet, but this cryptocurrency has the support of a Coinomi wallet. To find more information about the places of storage and purchase cryptocurrency Zcoin (ZCX) go to the official site Zcoin, and go to “Get Zcoin”.
Prospects of Cryptocurrency Zcoin (ZCX)
Support among users and other projects at cryptocurrency Zcoin (ZCX) is great, so it has good prospects in the future. Yes, what to hide, we have paid attention to this cryptocurrency, after its rapid growth from November, 12th till today, during this time the rate has increased three times. To all this, the Zcoin team is developing a mix algorithm for cryptocurrency Ethereum, and this is a serious development promising a great future cryptocurrency Zcoin (ZCX).
Having written this review, we did not have the impression that this cryptocurrency with the set of features, which it possesses now, will be able to bring a rustle in the world of cryptocurrencies. Yes, they will be able to attract the right amount of adherents, but they are unlikely to become a truly popular and demanded crypt. However, new developments and collaboration will be able to give some impetus to this. That’s all, before the new meetings.