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/biz/ - Business & Finance

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File: 30 KB, 2339x981, zcash-logo-horizontal-fullcolor.png [View same] [iqdb] [saucenao] [google]
50618723 No.50618723 [Reply] [Original]

Zcash - Privacy and convenience in one
Zcash is a digital currency - fast and confidential with low fees. It's perfect for mobile payments. Zcash is based on Bitcoin's codebase. It shares many similarities, such as a fixed total supply of 21 million units.

>What is Zcash?
Transactions can be "transparent" and similar to bitcoin transactions in which case they are controlled by a t-addr, or they can be "shielded" and are controlled by a z-addr. A shielded transaction uses a type of zero-knowledge proof called zk-SNARKs, which provides anonymity to the coin holders in the transaction. Zcash coins are either in a transparent pool or a shielded pool. As of December 2017 only around 4% of Zcash coins were in the shielded pool and at that time most cryptocurrency wallet programs did not support z-addrs and no web-based wallets supported them. The shielded pool of Zcash coins were further analyzed for security and it was found that the anonymity set can be shrunk considerably by heuristics-based identifiable patterns of usage.

>That sounds hecking awesome! Where do I buy it from?
https://www.binance.com
https://www.bitfinex.com
https://coinbase.com
https://www.kraken.com
https://poloniex.com/exchange
https://www.gemini.com/prices/zcash (the only large exchange that supports shielded withdrawals)

>Can I mine it?
Not right now, you need to buy an ASIC, for those try:
Googling "buy Equihash ASIC" or "buy Zcash ASIC", some of the most popular models are by Antminer
https://antminers.shop/product/bitmain-antminer-z11/

>When are we getting rich?
The unaware masses will realize the truest potential of Zcash and 21 million coins exists, just like in Bitcoin, so it must moon.

>Was Zcash a pump and dump?
While on opening the price dropped heavily, and there was heavy promotion by celebrities. But the fudders are just salty that Zcash is better than Bitcoin, and price drop was caused by a bug in the block rewards for the first few blocks.

For more info see z.cash

>> No.50619010

>>50618723
I refuse to believe there's zcash holders on /biz/, it's an obvious psyop to shill Monero

>> No.50619702

Glownigger general

>> No.50619751

>>50619702
glowniggers probably use zcash to launder money, because they understand XMR’s tech is obsolete

>> No.50619900
File: 899 KB, 1395x1024, 1655486476570 auditingsnarks.jpg [View same] [iqdb] [saucenao] [google]
50619900

>>50618723
>A shielded transaction uses a type of zero-knowledge proof called zk-SNARKs...

>>50619010
You'd be surprised by what retarded faggots hold and shill.

>> No.50619991

>>50619751
Please elaborate on how monero's tech is obsolete, I'm a curious retard.

>> No.50620006
File: 56 KB, 1300x646, cmpz0lC.png [View same] [iqdb] [saucenao] [google]
50620006

>>50619900

lol zk-SNARKs are still so complex and experimental they gotta add a disclaimer to warn users about the risk involved

>> No.50620125
File: 178 KB, 1280x720, 20220312_114904.jpg [View same] [iqdb] [saucenao] [google]
50620125

>>50620006
All that complexity and experiments just to install a backdoor, sponsored by their overlords (of which they bend the knee to) LMAO

>> No.50620716
File: 28 KB, 640x360, 6f402e2ad7ac9c2e6346c89d4aef1767.jpg [View same] [iqdb] [saucenao] [google]
50620716

>dump it

>> No.50620757

>>50619991
how many projects are adopting XMR tech? 0 is the answer. they’re adopting zcash technology for a reason.
>>50620125
proof? code’s open source. should be easy for you to spot a backdoor.

>> No.50621135

>>50620757
What is the reason?

>> No.50622148
File: 135 KB, 974x784, 20220729_000132.jpg [View same] [iqdb] [saucenao] [google]
50622148

>>50620757
Like I mentioned: there's no way to audit zk-SNARKs, and they require a trusted set-up. So we may not know for certain if there is a backdoor, however it is extremely likely to have one due to the caveats your CEO and scientist have said. It's shady af, and I'll never touch it because of those aforementioned reasons.

>> No.50622185

run by jew kikes. their entire function is to take replace monero so the anonimity crypto market is in hands of kikes as well

>> No.50622307

>>50619751
XMR really is obsolete as y0ou have to hold the token to use its privacy platform unlike what it is with Railgun.

>> No.50622363

>>50620757
>Z-Cash
>privacy coin
Chose one.

Built in backdoor that devs and CEO openly admitted being willing to implement.
Z-Cash is a glowie coin and that's far worse than any memecoin/shitcoin can ever be.

>how many projects are adopting XMR tech? 0 is the answer.
Who the fuck gives a shit? As long as it secures the users privacy, it is ok to use. Non-KYC platforms are there to circumvent the official (((banking cartel)))

they’re adopting zcash technology for a reason.
Yes, indeed. the reason is the backdoor the devs and CEO admitted to implement.

Even BTC offers more privacy, since the users by now have understood that the blockchain is 100% transparent and they have to use a mixer to have at least somewhat of a privacy feeling.

Fuck Glow-Coins !!!
Worst cathegory ever.

>> No.50622663

hahahahahahahshahahahhahahahha
the absolute state of zcucks