Cryptocurrency ZenCash, and more recently Horizen, is fighting for a leading place among the anonymous cryptocurrencies. The project shows the most stringent requirements for confidentiality, but also has a set of tools that favorably distinguishes ZenCash from competitors. What is ZenCash cryptocurrency and is it worth investing in it? We will talk about it in this article!
- Designation – ZEN
- In a turn – 4,657,863 ZEN
- Total Emission – ZEN 21,000,000
- Commencement of bidding: June 1, 2017
- Traded on exchanges – Binance, Bittrex, OKEx, Upbit, Cryptopia, COSS, Trade Satoshi, OpenLedger DEX
- Project website
What is ZenCash cryptocurrency?
Cryptocurrency ZenCash (ZEN) appeared in 2017 as a result of the ZEC split. As a result, Zclassic (ZLC) appeared, and then hardforkZenCash (ZEN). All users who had ZClassic up to 110.000 block were able to get ZenCash in combination 1 to 1.
ZenCash is not only a cryptocurrency, but also a blockchain platform, which is designed for private communication and commercial activities within the network.
Advanced cryptography and data encryption include a fully anonymous peer-to-peer connection with ZenCash. Common and encrypted network design ZenCash is stable to the analysis of traffic and metadata. This currency uses a zero-value encryption method (Zero Knowledge Proofs) that provides protection against hacker attacks.
The ZenCash platform includes three tools that allow users to anonymously interact online to send messages, publish documents, and complete transactions.
Security nodes maintain security standards within the system and ensure its operation. Thanks to these nodes, the network is resistant to DDoS and other types of attacks.
For those who do not have 42 ZEN, there is another solution to buy a share in one of the ready-made masters. In this case, the buyer acts as an investor and receives a certain annual percentage of the amount invested, in accordance with the rules established by the developers.
The tasks presented below are planned by the project team during 2018, and in 2019 they will offer a ready-made version of the project to the mass consumer.
The approach to creating a set of tools, and not exclusively anonymous cryptocurrency, favorably distinguishes ZenCash among competitors. The idea of combining the functionality of a secure messenger and payment system is not new, but no less in demand among those who care about their privacy.