Workchain.io aims to make works earn in cryptocurrency possible with instant paycheck from the moment they clock out and this gives financial control that everyone deserves. Workchain provides following framework to solve the existing old payroll system.
- WorkID – Unique ID for each worker with immutable CV with verified details of the worker.
- WorkPay – Enable real time payment for works on workchain.io
- WorkPay Advance – Enable less risky access to peer to peer loans with verified credit history for works.
WorkChain.io is a distributed, decentralized blockchain-based public ledger that replaces slow traditional payroll cycles with real-time cryptocurrency payroll. By building unified, immutable and verified work and payment records, WorkChain.io creates a framework that connects all the steps of payroll into one simple and efficient flow from work completion to payout, building a new ecosystem along the way.
For workers, it means instant access to earnings – their paycheck on-demand. For employers, it provides an advanced, automated payroll solution that is efficient, cost-effective and ends the reliance on third-party processors and banks.
Platform Architecture WorkChain.io will provide a unified interface to collect and store work, educational and payment records through a model that incentivizes parties to provide the records as well as verify the authenticity of them. While any record can be added to WorkChain.io by an entity, the validity of a record must be confirmed through the platform’s Trust Score.
The primary focus and utility of WorkChain.io lie in the immutability of its data, which will be achieved through blockchain-based Ethereum smart contracts, distributed data storage, and the platform’s node-accessible frontend which forms the platform’s domain logic – the way in which its data is created, stored and changed.
The Ethereum Public Ledger Ethereum, on which WorkChain.io is built, is a decentralized software platform that enables Turing-complete smart contracts and Distributed Applications (DApps) to be built and run without any downtime, fraud, control or involvement from a third-party. WorkChain.io is a central technology layer built on top of the public Ethereum blockchain, then upon this exists a third layer for the WorkChain.io Application Ecosystem.
Smart Contracts The smart contracts Ethereum creates will control agreements between users and entities to form records on WorkChain.io, executing a “handshake” between the two parties to verify the data being recorded based on the platform’s defined conditions, and automatically enforcing the obligations of the two parties as encoded in the smart contract.
WorkChain.io recognizes that there is a broad ecosystem of web 2.0 and 3.0 platforms that already provide solutions to some of the needs of this project. They will partner and integrate with these leading established solutions so that they can remain focused on their core mission of unlocking new and better ways for employees to find work and access capital.
Primary Sectors for technology partners:
- Identity In addition to their own internal platform validations for identity such as email, SMS, and social media profiles, we will work with external providers to further ensure individuals’ identities and assign unique use addresses on WorkChain.io.
- Skill Assessment / Validation Verified skills are vital to forming a trusted professional profile for individuals. These records currently exist on LinkedIn but are unreliable. Decentralized professional social networking platform Indorse is just one integration solution that will be used to create trusted skill verification through validated shared work histories of individuals.
- Education Verification Academic qualifications on LinkedIn or in CVs are difficult to verify because education histories are typically disconnectedly stored by issuing institutions. WorkChain.io will integrate with education and degree verification services to connect education histories to form verified education records fundamental to trusted professional identities.
- Integration Partners / Mainstream Adoption
- And more to come.
- User and Partner Incentivization Programs
- Users – With our proprietary user-incentivization application users can be rewarded on the platform for signing up, referrals,etc.
- Partners – An additional revenue stream as well as value-add service to their existing business.
- Stage 1 – Early Adopters / Proof of Concept
- WorkChain.io will switch to full workPAY, alongside pilot users from 5 additional businesses.
- Adoption by successfully-funded ICO companies to pay their employees in crypto. Available only to companies with 4+ rated ICO that successfully raised in the past 12 months.
- Based on industry data, this is $250m in payroll (crypto, fiat and tokens) that can be processed via WorkChain.io, with potential $5m annual revenue. (source)
- Stage 2 – Employees First – Integrating with established payroll and workforce management companies to connect with established systems to provide immediate utility to employees.
- Stage 3 – Partnerships — Partner with on-demand/gig work providers to enable instant payouts for their workers.
- Stage 4 – Businesses — As the WorkChain.io technology advances, completely replace outdated payroll solutions businesses rely on today with workPAY.
WorkChain.io App Token (“WATT”)
Your Membership Token to the Future of Payroll
The transactions made through the WorkChain.io ecosystem and the interoperability of its applications will be powered by the platform’s native utility token, WorkChain.io App Tokens (‘WATT’, ‘WATT Token’).
The functionality of WATT Tokens will naturally expand over time in step with the adoption and growth of WorkChain.io. As the number of users on the platform grows, so will the utility and common product use of WATT Tokens.
- Supply : 1,000,000,000
- Symbol : WATT
- Decimals : 18
- Type : ERC20
- Technology : Ethereum
- Address : 0x829a4ca1303383f1082b6b1fb937116e4b3b5605
WATT Tokens will be Ethereum-based ERC20 tokens. ERC20 is a technical standard used for smart contracts on the Ethereum blockchain for implementing tokens that have intrinsic value and can be sent and received on the blockchain. Some of the advantages of using the ERC20 token format include:
- Transferability of ERC20 tokens to other DAppChains
- Broad adoption of wallets and exchanges
- Strong community of the Ethereum blockchain makes ERC20 reliable
- Ethereum has scaling plans that will enable faster transactions
- Security and dependability – Ethereum is the second most prominent blockchain network
WorkChain.io team is in this for the long run.
All tokens will be vested transparently through smart contracts. Their token model further encourages long-term staking (12 months-plus) by protocol participants.
Staking is the primary use for WATT Tokens, enabling different participants access to the network and to perform more work on WorkChain.io based on the size of the stake.
Primary Parties and their benefits in Staking WATT Tokens.
Work Token Model
A service provider stakes WATT Token to earn the right to perform work for the network.
WATT Tokens enable secure and verified transactions – the sharing of value – between individuals and entities on WorkChain.io. WATT Tokens are vital to the adoption, functionality and future mainstream success of WorkChain.io.
WATT Tokens will be earned by entities and individuals who provide trusted data to WorkChain.io to build the platform’s records. A reward for trusted, verified data.
WATT Tokens will be awarded to users who verify data shared on WorkChain.io. In this way, WATT Tokens work alongside the Trust Score Protocol as an internal measure of quality for the verification of data.
More Work = More Revenue
All ecosystem revenue is split between WorkChain.io and Workers (lenders and work validators) that make the transaction possible.
- Small transaction fees (<5%) on all services and applications used on our platform.
- A % of loan interest collected directly in stable coin.
- WATT tokens collected and resold when used in transactions.
- Transaction fee revenue share on our payroll debit/visa cards when used at merchants (Merchant Fees).
Ecosystem Revenue Model Scenario
- Substantial opportunity for revenue growth from transactions as # of users increases
- As demand increases more tokens are required to stake
- Revenue split to workers is meaningful to facilitate adoption and further network demand
Quality data is what will fuel the creation of trusted WorkChain.io records and rapid user adoption of the platform. With this in mind, a sizeable percentage of the total WATT Token supply will be allocated as incentives to users and partners to drive platform growth and adoption.
- User Incentivization Individual users who build up their workID profiles, integrate their accounts with third parties, refer users and validate data on WorkChain.io will be rewarded with WATT Tokens.
- Partner Incentivization To build the vibrant WorkChain.io partner ecosystem, platform partners that onboard their trusted user data to build work records will be rewarded with WATT Tokens.
For both partners and users, WATT Tokens are logged in a user’s wallet as they’re earned. And then can be put back to immediate work through accessing the functionality of the platform. This makes the token wallet an intrinsic part of platform use – not a static side-product like with many blockchain projects.
Q3 2017 WorkChain.io Project Starts
Q4 2017 Application Development Begins
Q1 2018 WorkChain.io Closed Alpha Version Release Public Release of WorkChain.io Vision
Q2 2018 White Paper Released WorkChain.io Public Beta on Blockchain
- Product Launch #1: World’s First Immutable CV Created with workID
Q3 2018 First integration with Proof of Work applications First workPAY Test Transactions
Q4 2018 Additional Integration with Proof of Work Applications SDK for Proof of Stake Records
- Product Launch #2: First Salaries Paid Through workPAY
Q1 2019 Onboarding Employers workPAY ADVANCE Beta Release
Q2 2019 Product Launch #3: workPAY ADVANCE Lending Application Launch
Q3 2019 Switch to Fully Decentralized Model
CARBONCHAINTM Nature Friendly Blockchain
Because of the Paris Agreement commencing in 2020, the projected value of carbon credits is expected to increase exponentially (see graph). All sales of carbon credits from the Company are traded in CarbonChain Tokens; 30% of which have to be purchased from token holders via Crypto Exchanges ensuring constant trading of the token. CarbonChain is developing a blockchain system that will ensure that full accountability for the life of the carbon credit is monitored, thus ensuring no double accounting takes place whilst providing an evidence based blockchain ledger. On an annual basis, token holders are offered the 30% traded tokens back, at a transaction cost only fee.
CarbonChainTM has created an incentivizing global carbon emission reduction program that allows every citizen in the world to take part in the trading of carbon credits and thus allow the development of such a blockchain system. This technology will be an ‘evidenced based system’, that can be used to determine what, where and when benefits towards climate change happen and ‘prove it’.
The Participant of the Members Only Exchange can then either place the Carbon Chain Tokens on public cryptocurrency Exchanges at the full price or hold the Tokens.
Carbon Chain Token
- Token : Carbon Chain Token
- Token Symbol : CCT
- Token price : 1 CCT = 10¢ Eth
- Total supply : 550,000,000 CCT
- Technology : Ethereum
- Token Utility : Purchasing Carbon Credits
- Hard cap : $7.260M 121,000,000 CCT will be issued for purchase
- Limits : Minimum : 0.01 ETH Maximum : 50 ETH
- Objective : Fund marketing for the Crowd Sale
- Private Sale Start : Delayed – to be confirmed Initial price : 1 CCT = USD 0.06 / ETH/FIAT 40% Discount + 10% bonus tokens
- Soft cap : $480,000 If not reached, private sale ETH/FIAT raised will be refunded.
- Indicative Price :USD 0.06 per CCT (40% Discount)
- Private Sale End: Delayed – to be confirmed
- Hard cap : $22M 220,000,000 CCT will be issued for purchase
- Limits : Minimum : 0.01 ETH Maximum : 50 ETH
- Objective : Fund the Carbon Chain Block Chain
- Crowd Sale Start : 21st November-2018 23.59 GMT
- Initial price : 1 CCT = USD 0.10 / ETH/FIAT
|Participants in the Private Sale||22%||121,000,000|
|Carbon Chain Founders||7%||38,500,000|
|Participants in the Crowdsale||40%||220,000,000|
|Pot "A" Company||5%||27,500,000|
Revolutionary Cryptocurrency Exchange
Encrybit assemble is at the period of attracting speculations for the progression of the endeavor. Directly, a private offer of tokens has been pronounced, which will be held from 11/01/18 to 12/03/18, the principle deal will be accounted for some other time.
- Name : Encrybit Token
- Ticker/Identifier : ENCX
- Currency Accepted : BTC/ETH
- Min. Contribution : 50ETH
- Private Sell Start Date : November 1st 2018
- Private Sell End Date : December 3rd 2018
- Max Coins: 270.000.000
- Token Type: ERC20
Be the part of revolutionary cryptocurrency exchange.
LoyalCoin is a new virtual currency that will replace traditional rewards points
Appsolutely Launches the LoyalPlatform, LoyalCoin and LoyalWallet; Using Blockchain to Usher in the New “Loyalty Economy”LYL Token
LoyalCoin is the next generation of customer loyalty points, one that can be used in more ways than what was previously thought possible.
The LoyalCoin virtual currency is the asset that unleashes the full potential of customer loyalty. But just like any asset or object of value that needs the right technology to be used to its full potential, LoyalCoin is best carried on a platform that gives it the power to show all its features.
Main goal is use blockchain technology to open loyalty ecosystem where the consumer decides where and how he likes to redeem the rewards they’ve earned.
Appsolutely, the blockchain omnichannel loyalty solution, today unveiled its LoyalPlatform, LoyalCoin (LYL) and LoyalWallet, to unify the complex and disconnected $1.68 billion loyalty industry and ensure that the value of “rewards” is converted into commerce. The platform is the foundation for a new “Loyalty Economy,” a next generation ecosystem in which consumers can use a single currency (LYL) to redeem and exchange benefits from any participating brand, anytime and anywhere. Appsolutely’s technology provides an unprecedented opportunity for brands to engage and build stronger relationships with consumers.
- LoyalPlatform is the ecosystem from Appsolutely that will spearhead the Loyalty Economy. By using a virtual currency, digital wallet, a series of white-label applications and a coalition of supporting merchants, Appsolutely will change the current loyalty landscape into a value-focused, cryptocurrency-based rewards system that dwarfs traditional rewards programs. LoyalPlatform will help customers be more engaged with companies’ loyalty programs, while acquiring better rewards for their consumption.
- LoyalCoin (LYL) is the token that serves as the official virtual currency of the new Loyalty Economy. The goal is for consumers to be able to earn and spend LYL whenever and wherever they prefer to buy goods and services from any participating merchant within Appsolutely’s Loyalty Economy. This creates an open loyalty ecosystem where the consumer decides where and how they’d like to redeem the rewards they’ve earned.
- The LoyalWallet is a mobile app that enables brands and consumers to store and use LYL to redeem rewards and buy items from all participating merchants (not just one). The LoyalWallet provides expanded features such as the conversion of LYL to other currencies. Rewards recipients can even convert rewards into fiat currencies and cryptocurrency counterparts, such as Bitcoin (BTC), Ether (ETH), and many others. This app will enables sending and receiving payments to and from other LoyalWallet users, as well as from participating merchants and other companies who enabled the option to pay with LoyalCoin.
Redefining customer loyalty with these groundbreaking launches and technologies.
WCX offers a pro experience with 10x lower fees.
What are WCX Tokens (WCXT)?
- 10 WCX = 1 USD at ICO
- As a holder of WCX Tokens, you’re entitled to a portion of WCX’s revenue.
- 20% of all revenue generated by WCX is automatically paid out to token holders, in amounts based on each holder’s share of the total amount of tokens.
- As an exchange, WCX collects fees in many digital currencies. That means that holding WCXT is equivalent to holding a passive income portfolio of diverse digital currencies.
9 Factors that increase value of WCX?
- Beta Launch. 9.1.17
- ICO. 10.31.17
- Launch. 10.10.17
- Mobile Apps. Jan 2018
- Margin Trading. Mar 2018
- Fiat Integration. Q2 2018
- Wallet Decentralization. Q3 2018
Lately, innovation has unmistakably affected a few businesses. Organizations like Uber, AirBnB, and Netflix have been pioneers of change and interruption, rethinking the areas of transportation, convenience, and stimulation with new and imaginative business models. The managing an account industry, on the other hand, hasn’t seen much advancement and clients’ accounts are still responsible for a modest bunch of built up players that work in an exceptionally conventional form.
Be that as it may, with the progressions of innovation, development has been fast to fill the hole in fund – interfacing money and innovation (FinTech) to convey suggestions that better fit the requirements and needs of the populace. A few cases of these supposed FinTechs include: Transferwise, Betterment, Oscar, Lufax, ZhongAn, and so on. The bank of the future does not just offer installments with cryptographic forms of money yet in addition has a completely incorporated commercial center of FinTechs.
Change has partnered with the e-Residency project by the government of Estonia, the most advanced digital society in the world. Change will be available to its projected 10 million e-Residents including Tim Draper and Edward Lucas.
Change is widely supported in the industry. Their mission to create a global FinTech network that defies the norms of traditional banking has inspired several big names to support them.
What is Minexcoin?
MinexCoin (MNX) is a global payments system based on a low volatility cryptocurrency which is a part of Minex ecosystem. Thanks to its stable exchange rate, MinexCoin is a reliable means of payment, while controllable growth of coin price makes it an attractive means of value storage. Containment of volatility and price growth are maintained by the system’s autonomous algorithm acting like a central bank, hence the name MinexBank. Financial instruments it employs would allow traders to earn from exchange rate margin without damaging the coin’s ecosystem. On the contrary, they would support it.
Minex platform combines the functionality of a simple and safe processing infrastructure for online shopping and cryptocurrency operations, an online digital assets exchange, and an investment platform.
The instruments available at Minex enable you to store your money safely, spend them with a couple of clicks, and even obtain guaranteed revenues by just helping the system to remain stable.
Why you should join
MinexCoin (MNX) is different from other altcoins because it’s a stable low-volatility cryptocurrency with fixed annual growth. MinexCoin’s growth is pegged to per annum growth of 10 cryptocurrencies with highest market caps. As per 2016 this growth was indexed at 33,6%. It does not matter if you want to use MNX for trading, long term investment or day-to-day financial activities, with MNX you will always be gaining value.
- MinexCoin is an altcoin yet online-businesses will never lose value if they choose to accept it as means of payment.
- MinexCoin is a stable currency but it will be lucrative for medium and long-term investors because of controlled annual growth and interest payments for “parking”.
- MinexCoin is a payments system which thanks to low volatility is a robust reserve cryptocurrency and eventually may be adopted as global money.
Low volatility and stable growth are achieved via a smart algorithm we call MinexBank (because its actions resemble those of central banks as they maintain stability of national currencies). The entire ecosystem will be governed by this power algorithm based on predetermined formulas, written by professional economists.
How it works
In short, MinexCoin is governed by MinexBank – a smart algorithm that autonomously takes action to maintain MNX’s price in a predictable corridor.
MinexBank’s main instruments of reigning in volatility are parking and interventions. Parking means temporarily suspending a certain amount of coin on your wallet which will allow you to receive interest. Interest rates will fluctuate according to chosen parking period and current supply/demand balance, effectively incentivizing investors to park coins when supply overpowers demand on the market. When demand is on the rise, interest rates decrease and investors are incentivized to sell. Additionally, MinexBank uses its own reserve to conduct interventions – selling or buying MNX to alleviate market’s pressure.
The Minex Systems team intends to implement extended functionality of Minex Ecosystem by incorporating such applications as Minex Market, Minex Exchange, and Minex Platform. Implementation of those products seeks to expand the coin’s sphere of circulation, thus driving demand for it.
We have already successfully conducted the first round of ICO (Subscription), securing presubscription for 2 million MNX and building a strong community of investors.
During the second round of ICO only 150,000 MNX will be sold. The purpose of Phase Two is to determine the market price of the coin immediately before entering the exchange. The price will be calculated according to the following formula:
Y = ( X + Х1 ) / Z
where Y stands for market exchange rate (basic value in MinexBank’s algorithm); X for volume of involved investor funds; X1 for absolute volume of bonuses accrued by early participants; Z for the amount of coins available for the ICO. Phase Two will run from May 15th, 2017 to June 13th, 2017
The coins are subject to distribution among investors the day after the ICO’s completion.
MNX is a derivative of bitcoin source code. Certain changes were introduced to make payments faster and the entire system more stable.
- Total amount: 19 000 000 MNX
- Block rewards: 2.5 MNX
- Hashing algorithm: Mars
- Block size: 2 MB
- Block time: 2 min 45 sec
Feel Free To Donate MNX
As CJ mentioned in their Caption – Crypto that brings their ideas to life – To expand CJ activities and make members participate in their success, they have decided to sell 360,000,000 Coins of our stake over 36 Rounds 0f 10,000,000 Coins Each (We have opted for ICO to get conducted in rounds only to make Members Discover our True Price over a Period of 36 Rounds with consideration of development phases) .
360,000,000 Coins will be sold during the Initial Coin Offering (ICO) spread over 36 Rounds, 60,000,000 coins will be Mineable during the Proof-Of-Work phase (PoW) and 30,000,000 coins along with stakes will be used for different bounties.
Currently CJ making good movement on different exchanger with their ICO offerings. Already CJ have finished their 4th round of ICO.
- CJ Round 1 ICO – COMPLETED ICO Round 1
- CJ Round 2 ICO – COMPLETED ICO Round 2
- CJ Round 3 ICO – COMPLETED ICO Round 3
- CJ Round 4 ICO – COMPLETED ICO Round 4
- CJ Round 5 ICO – Currently OPEN ICO Round 5
Crypto lover, Traders, Investors can still join ICO on following exchanger.
Type: PoW/PoS hybrid
PoW algorithm: X13
PoS block hashing: sha256d
Max Coins: 500.000.000
PoW reward: 20 CJ
Last PoW block: 3000000
PoS reward: fixed 5% (yearly)
Minimum PoS age: 24 hours
Maximum PoS age: unlimited
Block time target: 1 minute
Difficulty retarget: every block
Coinbase maturity: 100 blocks
Transaction recommended minimum confirmations: 10
Minimal TX fee: 100 Satoshis (0.00010000CJ)
What is vDice.io ?
vDice is the leading blockchain-based betting game for the Ethereum network. It went live on June 13th, 2016. It has processed almost 10,000 bets to-date.
It is a classic ‘SatoshiDICE-style’ betting game, implemented as an Ethereum Smart Contract (Dapp), and exists on the Ethereum blockchain.
How vDice Works?
Ethereum builds and improves on the Bitcoin blockchain. In the same way, vDice builds and improves on blockchain betting technology, generally.
Whereas SatoshiDICE was somewhat decentralized, vDice is fully decentralized.
vDice leverages the power of Ethereum smart contracts to build a game that has no server architecture. Instead, bets are processed through an Oracle, using the 3rd party services of random.org for the random number source.
To play, a user sends a Tx to a contract. Then the contract executes the oracle contract. The oracle then calls the contract back. So there are two transactions to a contract for every bet made: one is the user, the second is the oracle.
There is also the option for users to contribute Ether (ETH) to each betting contract. In this way users can share in the success of a specific contract and increase the house.
The Smart Contracts are live, network tested, and processing bets on a continuous basis.
The object of this Crowdsale is the native token of the vDice game called; ‘vSlice’.
This token is tied directly the the profits of the vDice game. Holders of vSlice tokens receive a share of vDice profit, proportional to the amount of tokens held, in a fair and transparent way.
‘vSlice’ tokens behave as any standard ERC20 token.
People participate in the Crowdsale using BTC or ETH. It will all be resolved to Ether (ETH) and the Ethereum blockchain.
The issuance will last 4 weeks, starting November 15th, 2016 and ending December 15th, 2016.
The ‘vSlice’ token Smart Contract will be deployed and people who contribute will receive 1:100 for each Ether (ETH) they send, for the 1-month of the issuance. So, for example 100 ETH will get 10,000 vSlice tokens.
There will be an an “early-bird” special. The Smart Contract exists with an initial token supply of 60M tokens. That is, 60M tokens will be available and distributed before the dates, through Crowdsale partners, open to any and all who wish to participate through those partners.
The Crowdsale Smart Contract is fully decentralized. That is, the sending of Ether (ETH) to the Token Smart Contract will result in the immediate, and decentralized, issuance of the contributors vSlice tokens on the Ethereum blockchain.
As soon as they are issued, accrued profits from the game are available.
Legal and Compliance: 23% allocation. Expenses, Salaries and Rewards: 23% allocation. Paying expenses and rewards for initiation of the Crowdsale: 15% allocation. Development of new games and projects, according to core competencies: 39% allocation.
Participants should visit crowdsale.vdice.io during the crowdsale period; November 15th, 2016 until December 15th, 2016. You can participate using Bitcoin (BTC) or Ether (ETH).
Anyone who wants to participate in the crowdsale should have Ether (ETH) held in any wallet: Ethereum Wallet, Mist, Parity UI, MyEtherWallet, Jaxx, Metamask, etc.
Once they have an Ethereum account with Ether (ETH), they simply need to send a transaction with a special gas amount (it will be approx. 30,000-40,000 Gas) to the ‘vSlice’ address, as displayed on the website.
The transaction will immediately create an equivalent amount of ‘vSlice’ tokens, with an exchange rate of 1:100, in the token contract, without any other user interaction.
Once the transaction has been confirmed you will see your token amount on the Ethereum Blockchain, and viewable through web-UI on the Crowdsale website.
Participants of this Crowdsale may sell ‘vSlice’ tokens as soon as they receive them, or hold ‘vSlice’ for a longer term. The ‘vSlice’ belong to the owners.
Zcash (ZEC) is another Crypto currency like bitcoin but with a few different features. Like Bitcoin it is based on a decentralized blockchain but allows for anonymity behind transaction amounts and parties involved. In Bitcoin if you know someone’s address you can follow their transactions and you can see which all the addresses and their transaction amounts – so its quite clear how much money is moving around, with ZCash all the information is encrypted.
Zcash is a decentralized and open-source cryptocurrency that offers privacy and selective transparency of transactions. Zcash payments are published on a public blockchain, but the sender, recipient, and amount of a transaction remain private.
Zcash is based on peer-reviewed cryptographic research, and built by a security-specialized engineering team on an open source platform based on Bitcoin Core’s battle-tested codebase. Our improvement over Bitcoin is the addition of privacy. Zcash uses advanced cryptographic techniques, namely zero-knowledge proofs, to guarantee the validity of transactions without revealing additional information about them.
Zcash zero-knowledge proving scheme makes it possible to conceal values and other identifying information from the public blockchain. Users simply prove that the values balance out and that they are not double-spending the amount they want to send.
Zcash is launched on the 28th of October 2016 and has a hefty heavy weight team working on it and backing it. These include names such as Roger Ver and Barry Seibert as well as Pantera Capital. The code is open source which is unusual as the Company – run by Zooko Wilcox, a 41 year old cryptographer – will expect to give 10% of the coins for funding costs and 1% for non profit organisations.
The Zcash total coin supply is going to be 21 million like Bitcoin, and it even follows the same issuance rate with 21m ZEC being issued over 131 years, but instead of having 10 minute blocks, ZCash will have a 2.5 minute block average with 4 times bigger block rewards that halve every 4 years.
Users, investors, everyone seems excited about a new cryptocurrency who is born today, but it takes months causing a stir in the network. It is called Zcash , and promises to be an alternative to Bitcoin caring privacy of users while offering as a real business for investors.
Much has been said about the Privacy and pseudo anonimato behind technology Bitcoin . Unlike the mythical cryptocurrency, the Zcash automatically hides the identities of senders and receivers , as well as the amount of all transactions Zcash conduct on your blockchain. Only those with a display key to view the contents of operations.
This is made possible by an algorithm called zero-knowledge proofs (zero knowledge proofs). This algorithm allows the creator of the transaction can include in it a validity test without transmitting any information other than the fact that the transaction is true. Therefore, no information that anyone can read is transmitted.
These characteristics have made such prominent voices in the world of privacy as Edward Snowden speak well of the project , referring to it as a solution to the risks of surveillance of public records Bitcoin transactions.
Another fundamental differences between most cryptocurrency and this is how that is organized. As the Bitcoin and all based on it, its code is open, although it is not managed as a community like most, but Zcash is a business . That makes the product attractive to investors.
How to develop the project has also been the reverse, because instead of throwing the coin and then seek financing, Zcash creators have sought investors to create the coin toss before . They also promise to reward these investors and workers a tax called “Founders reward”, so described on its website.
This has made the currency has grown exponentially before being released. On 15 September its value was $ 18 or 0.027 BTC, but two days ago had already risen to $ 260 or 0.379 BTC, marking an increase of nearly 1,300% . Moreover, some market analysts believe that the price of a ZEC overtake a bitcoin end of the year, as investors do not want to miss this opportunity.
Therefore, Zcash have a cryptocurrency not try to go against the system, but is based on their traditional methods of funding to provide free, anonymous alternative and promises to put users ‘ privacy above all. And what is more important, that investors do not want to miss the next Bitcoin , which is pushing very strongly its initial growth.
How to Buy ZCASH
At the moment there is no way to buy Zcash and once it launches, exchanges will have to wait for a decent amount of volume to be mined before adding it as a trading pair.
You can test ZCash out on the test network for free by going to a faucet and then playing around with it. Stay tuned and we will let you know as soon as Zcash is released where to buy it and its live prices on all the markets.
You can test some of it out on the test network for free by going to a faucet and then playing around with it. Stay tuned and we will let you know as soon as Zcash is released where to buy it and its live prices on all the markets.
For the time being though none of the ZCash coins can be mined fully which is similar to what happened with ethereum – except with ethereum a lot of the crypto currency was bought in a crowd fund prior to release.
How to Mine ZCASH
ZCash will use Equihash as an hashing algorithm, which is an asymmetric memory-hard PoW algorithm based on the generalized birthday problem. It relies on high RAM requirements to bottleneck the generation of proofs and making ASIC development unfeasible, much like Ethereum. In order to avoid Instamine ZCash will have a slow mining start, where block rewards will be issued slower than normal. ZCash is currently in beta stage and the testnet is live.
Feel Free To Donate ZEC
(For Developement of Coinsinfo for better Co-operation)