Quote from: komodomining on December 12, 2017, 03:02:43 PM

Quote from: flo123 on December 12, 2017, 02:06:40 PM

Quote from: awill333 on December 11, 2017, 11:30:44 PM

Quote from: flo123 on December 11, 2017, 09:49:06 AM

Hey guys,

I am trying to see where Zero fits and where its USP lies.

ZCash, ZenCash, Zero are all derivates of Bitcoin (ZCash is a fork of Bitcoin). The main difference between Zero and other coins like ZenCash, ZCash can be broken down to its algorithm parameters.

The equihash parameters for Zero differ slightly from ZenCash - you get faster block verification, an increased block size and a much higher transaction capacity. Zero also differs from its forked siblings in a way that it doesnt have a founders reward, no pre-mine and no halving and thus can be seen as a truly community coin.

Besides these ZCash forks, there is also ZCoin. ZCoin is based on the Zerocoin protocol, whereas ZenCash uses zkSNARKs. Both coins are designed to hide any trails between sender and receiver. ZenCash goes here even one step further and not only hides the sender and recipient of a transfer but also the amount which was sent.

Compared to ZenCash, does Zero also uses zkSNARKs, but mitigating the drawbacks like the 88% block reward allocation to miners, 8.5% for DAO and 3.5% for secure nodes?

Will Zero follow the currently bigger coins ZenCash and ZCoin and introduce Masternotes in the future?

Will you implement Segwit, Atomic Swaps, Lightening Network etc?

hi, I am not a zcash expert but I have been reviewing it lately along with several other similar ones. zero, to my knowledge is the same as zcash with some of the math changed. I don't think zcash uses master nodes. zcoin is not comparable other than the fact that it achieves privacy. the mechanism is not the same. zcoin uses libzcoin which is not zksnarks. so it's an entirely different setup and it therefor not comparable in the same way. zcoin to my knowledge uses masternodes for the verifications of 'minted zcoin' .. the zcoin minting process requires the coin in the local wallet to be 'burned' then replaced by the network with coins from pool of unused. zksnarks have a trusted setup which uses locally stored parameters to generate (z) payments. there is no need for master nodes here, the payments are generated locally from the coins in the wallet and transmitted at the same time. in other words, the extraneous process that zcoin requires to have new coins has been removed and replaced with a setup that requires trust in the integrity and modalities of the initial creators of zcash.

zencash seems to be the closest comparable coin however in my mind it is not comparable at all. they have changed the core and added the master nodes and also added a "finders fee" of 8.5% which is deducted from the miners share. only a portion of this (3.5% if I properly recall) is used to incentivize the master nodes function.. in reality the "creators" of zencash are pocketing the other 5% or spending it as the see fit in the name of zencash development. so you can see the "business model" is entirely different than that of a free coin like this (zero currency) . there is no coin comparable in my opinion because the closest relative is zcash which also claims 20% from the miners for a period of initial mining years, the exact time I cannot recall. It is really absurd to think there is any comparison because zero is simply the best. once everyone figures this out Wink

it will be even better..

"bigger coins" like zencash and zcoin it is a funny comparison when zero is better in every way (in my opinion and I am entitled I have been researching) .. zencash and zcoin have marketing. that is all. I compiled zcoin from source and it has so many warnings I almost wanted to vomit. I am surprised libzerocoin even compiled at all! to be worse I lost 50 coins on one of their old wallets "burning them" and never did receive the transaction back. However, to team zcoin's integrity, they did help me recover the coin but it was more luck than anything.

we can see all of the big coins started high up the charts because of their marketing and ICOs and that will also be what is the problems with them because they have created a set of expectations and in some situations received vast amounts of funding to produce the goods. most of the ICOs will not produced much of what they have promised, or someone else will do it better and first, for far less money.

the world is changing. look to the quality, not the marketing.

PS, when you say "ZenCash goes here even one step further and not only hides the sender and recipient of a transfer but also the amount which was sent." that is not an entirely accurate statement. Zencash had nothing to do with the Zk-Snarks development, they simply forked Zcash. Credit where credit is due. Team Zcash's zk-snarks is what protects the transaction and that includes the amount and the coins ID. In other words all forks of Zcash inherit this property unless they are somehow broken.

PPS: Let's not forget that Zcash has a $250,000 security audit done on their code. Changing the core to add masternodes (unless I am wrong and it is already a part of zcash) voids all guarantees that the audit means ANYTHING to the forked coin. The more near the code is to the original Zcash code which was audited is the more realistically sane coin to trust your money to. much else seems like a gamble to me. believe this when I say I have seen core bugs in the code that some of these clever devs have modified and it is scary.

Perfect summary! Thx a lot man!

So in a nutshell... We have the best product of all anonymity coins here and just need to spread the word more (marketing) and then up to the moon :p

It's time to mine, buy and accumulate now, marketing sure it's a future step
Price will grow up soon, price is doubled when a new ANN message it has been posted. ZERO is based on the community

This is the reason why i have set 0,25% of fee on my pool, to give possibility to miners to mine before solo pools will be attracted by ZERO
If the miners are more, i set my pool at 0%

flo123: glad to help. I have been looking for 'the best coin ' (as likely many have) for some time now. perhaps it is obvious I do have vested interest in zero currency (I am "all in"!), not without good reason. I believe in this coin enough for the risk of that. It's fun.. Because I think I can see the future and in the future I see Zero standing tall and proud, and the early supporters (even without ICO) are all very happy. one thing we should not forget about these coins is that although *all* of the devs asking for our money are saying why the coins are so great, does not mean they are actually living up to their promise.. And the "consumers" or customers of the coins only find out the hard way when there is a problem. this is all experimental tech as we know.. and as Zcash is happy to state the same (experimental), at least they have validated their coin with a third party audit. Because of the relatively few changes (if I am not mistaken) made to the zcash core to result in 'zero', zero may as well have been audited to. however, with the others, like I said, scary.. And I have been digging deep into the core to find these bugs. Some are not from typical use but they are there and eventually they could surface. Surfaced in a coin that is worth tens of millions then you have a big problem.. in summary, I trust this coin to not lose my money. This should be (the) most relevant feature of a coin. And not just in the form of a promise, in the form of battle tested resilience.

komodomining: I totally agree with you about this but there is one thing that should be focused on (in my opinion) at the moment.. And that is getting listed on more than one exchange. tradesatoshi has virtually nil trading volume and cryptopia is the only thing keeping this coin going. Obviously the miners are the ones doing it but without an exchange that don't mean much. until zero is on multiple exchanges we are still in a somewhat precarious zone.. because one entity having power over the life or not of this coin is a troubling for an investor, I am including myself in this group. However, because of the great virtue of this coin I have de-prioritized that concern and replaced is with good faith that the devs will get us on more exchanges. Wink

general: while speaking of cryptopia exchange I would like to remind the viewers of coinmarketcap (who may be getting there data from there) that it is not accurate. Why? Because they only periodically check on cryptopia.. and if anyone has watched the flow on cryptopia they may notice that the only time the price drops is on low value bot buys. it looks like the miners (except for a few) have all been standing in solidarity to keep the price at a minimum (I paid up to $.77 for a large investment the other day, driving the price up. plz miners dont waste my efforts and money to undercut the market [thank you]. this is the reason I bought the zero's because I have been watching the action there for some time. except when the coin almost faltered the prices seemed somewhat stable (except for the bots, which until more exchanges this reporting will be inaccurate because the bots always undercut the market for minuscule purchases) .. Just look to the next person willing to sell over $500 of zero.. what that price is.. and it's always at the good floor for the potential growth of the coin..