Am a little bit skeptical here, Please what is the difference between zchash and zencash? I have some few zcash on bittrex and I need to know if it necessary for me to convert/sell it fo zencash
No, they're two different coins.
ZEC (ZCash) --> Forked to ZCL (ZClassic) --> Forked to ZEN (ZENcash)
Sorry to say, am finding it a bit complicated to fully understand what
zencash is actually all about! although I love the project, but i will need to do my own research about zencash for better understand. Does zencash has wiki? If yes, can I have a link to it?
Thanks and best regards.
Good point!. Here's the TL;DR
Start out as a copy of Zcash, with funding model like Dash (8.5% of block reward to a treasury)
Treasury funds used for development, marketing, partnerships (like hardware wallets)
Usability with many different wallets
Build on the secure memo feature of Zcash to add more secure messaging options
Integrate secure messaging with IPFS for anonymous publishing and group notification (on roadmap)
Internationalization for worldwide use
Community governance (not yet rolled out)
Secure Nodes (42 Zen each, share 3.5% of block reward) - add reliability and encryption to nodes
Secure nodes are not yet implemented. They are not designed to tie up Zen like a masternode, and probably will not be a big moneymaker for the secure node operators.
So, 88% of rewards go to miners, 3.5% to secure node operators, 8.5% to treasury for making Zen better.