Greetings to everyone!
There is a pretty new anonymous cryptocoin which has a huge potential and is currently at a low price.
It has 21 bilion max supply, which is 1000 times more than Bitcoin and the block generation is much smaller in time.
The transactions are sent in seconds and validated in just a few minutes.
It brings stealth by the zkSNARKS algorithm, being a proof of work (POW) coin, currently based on EQUIHASH. So it is ASIC resistant.
Is called BitcoinZ and is inspired from ZClassic. Here is a video about it and an interactive explanation of the zkSNARKS algorithm:
If you have some free time, please check it out.
https://youtu.be/3hVG888tOpY
I would like to hear your opinions on it. I think that it may have a great feature, because the community is dynamic and they want to improve the technology.
I also heard that they want to add smart contracts.
Have a nice day!
There is a pretty new anonymous cryptocoin which has a huge potential and is currently at a low price.
It has 21 bilion max supply, which is 1000 times more than Bitcoin and the block generation is much smaller in time.
The transactions are sent in seconds and validated in just a few minutes.
It brings stealth by the zkSNARKS algorithm, being a proof of work (POW) coin, currently based on EQUIHASH. So it is ASIC resistant.
Is called BitcoinZ and is inspired from ZClassic. Here is a video about it and an interactive explanation of the zkSNARKS algorithm:
If you have some free time, please check it out.
https://youtu.be/3hVG888tOpY
I would like to hear your opinions on it. I think that it may have a great feature, because the community is dynamic and they want to improve the technology.
I also heard that they want to add smart contracts.
Have a nice day!
What's wrong with bitcoin 1.0?
For what it's worth, I don't think many "gimmicky" coins will survive in the long run.
Stuff like weed/pot coins, kfc coins or whatever and so on. They're purely an attention-grabbing name and seem super gimmicky.
I just stated at the start of the video why BitcoinZ is better than Bitcoin.
First Bitcoin becamed centralized in mining, because you can no longer mine it effectively or with any reward with a normal computer.
Secondly transactions sender, receiver and ammount are visible to everyone, making in this case much easier for an attacker to track a specific address and find the specific person.
Third the cost of a Bitcoin transaction was a couple of days ago 20$ and it takes more than an hour to validate the transaction on the blockchain and to arrive at the receiver, making it infeasible for buying and selling ordinary stuff on a market. Also the number of transactions per second is quite limited.
And last the Bitcoin community seems more short term profit oriented in contrast with Ethereum for example, where the community develops software in its name "smart contracts" on top of the Blockchain, enabling a huge variety of applications, not just store of value.
I heard that BitcoinZ community wants to develop smart contracts as well.
I heard that Bitcoin wants to develop as well "Lighting network", but honestly in the current situation I don't see Bitcoin to be the top Cryptocoin in the next years.
Remember that Facebook wasn't the first social network, Google wasn't the first search engine, but they brought new stuff, technology and opportunities which made them the best on the market, at least for a while.