⭐ Merited by Halab (2)
Profile lestherat - Copy/paste
One of the things i like more from ZEC is that Zcash utilizes this zero-knowledge proof in its core technology called zk-SNARKS
Due to its implementation of zk-SNARKS, there are two different types of Zcash addresses. T-address and Z-address. T-address means the address is transparent or public. Z-address means the address is private or hidden. The t-address works the same way with a wallet address in the bitcoin blockchain. All transactions are visible on the blockchain explorer. But, when you start utilizing the z-address, the public wont be able to observe any information except during shielding and deshielding (where partial information can be revealed due to the involvement of a t-address).
T-address and Z-address of a wallet address are interoperable. So, ZEC coins can be sent from z-address to t-address and vice versa.
ZEC is one of the coins to hold for the future same with Monero and Dash, be sure to keep some in your bag.
(Archive)Due to its implementation of zk-SNARKS, there are two different types of Zcash addresses. T-address and Z-address. T-address means the address is transparent or public. Z-address means the address is private or hidden. The t-address works the same way with a wallet address in the bitcoin blockchain. All transactions are visible on the blockchain explorer. But, when you start utilizing the z-address, the public wont be able to observe any information except during shielding and deshielding (where partial information can be revealed due to the involvement of a t-address).
T-address and Z-address of a wallet address are interoperable. So, ZEC coins can be sent from z-address to t-address and vice versa.
ZEC is one of the coins to hold for the future same with Monero and Dash, be sure to keep some in your bag.
Quote from: https://www.publish0x.com/cryptocurrency/what-zcash-comprehensive-guide-understanding-zcash-xxzkjd
<...> Zcash utilizes this zero-knowledge proof in its core technology called zk-SNARKS <...>
Due to its implementation of zk-SNARKS, among other technology, there are two different types of Zcash addresses. T-address and Z-address. T-address means the address is transparent or public. Z-address means the address is private or hidden. The t-address works the same way with a wallet address in the bitcoin blockchain. All transactions are visible on the blockchain explorer. But, when you start utilizing the z-address, the public wont be able to observe any information except during shielding and deshielding (where partial information can be revealed due to the involvement of a t-address).
T-address and Z-address of a wallet address are interoperable. So, ZEC coins can be sent from z-address to t-address and vice versa.
Due to its implementation of zk-SNARKS, among other technology, there are two different types of Zcash addresses. T-address and Z-address. T-address means the address is transparent or public. Z-address means the address is private or hidden. The t-address works the same way with a wallet address in the bitcoin blockchain. All transactions are visible on the blockchain explorer. But, when you start utilizing the z-address, the public wont be able to observe any information except during shielding and deshielding (where partial information can be revealed due to the involvement of a t-address).
T-address and Z-address of a wallet address are interoperable. So, ZEC coins can be sent from z-address to t-address and vice versa.
The Lisk Foundation is liquidating its assets in an on-going strategy to provide enough liquidity for the projects expenses. Currently, they are following the rule to have enough fiat to cover 12 months of expenses.
In the month of July, Lisk deposited the following cryptocurrencies to Bitcoin Suisse for liquidation:
4.488,71406161 BCH on July 5th
8.488,69406759 BSV on July 5th
8.488,6940663 BTG on July 10th
84.886,9406727 BCD on July 10th
They liquidated them into:
1.026.612,11 CHF in July
1.770.977,32 CHF in August
This totaled at 2.797.721,90 CHF.
To sustain 12 months in FIAT, we are looking to further liquidate some of our crypto assets. We will liquidate all remaining 4000 BCH, and enough BTC to sustain approximately 12 months again.
They spend 934,910.52 CHF in August for expenses like Development, Marketing, Bounties and operations, so right now they have the CHF to cover almost 4 months, not counting other currencies.
By the way, Lisk foundation should buy Bitcoin right now, and not liquidating crypto assets.
If big players of crypto are liquidating at this price, near future is not looking good for us
This is the Total Assets Held by the Lisk Foundation
-snip-
(Archive)In the month of July, Lisk deposited the following cryptocurrencies to Bitcoin Suisse for liquidation:
4.488,71406161 BCH on July 5th
8.488,69406759 BSV on July 5th
8.488,6940663 BTG on July 10th
84.886,9406727 BCD on July 10th
They liquidated them into:
1.026.612,11 CHF in July
1.770.977,32 CHF in August
This totaled at 2.797.721,90 CHF.
To sustain 12 months in FIAT, we are looking to further liquidate some of our crypto assets. We will liquidate all remaining 4000 BCH, and enough BTC to sustain approximately 12 months again.
They spend 934,910.52 CHF in August for expenses like Development, Marketing, Bounties and operations, so right now they have the CHF to cover almost 4 months, not counting other currencies.
By the way, Lisk foundation should buy Bitcoin right now, and not liquidating crypto assets.
If big players of crypto are liquidating at this price, near future is not looking good for us
This is the Total Assets Held by the Lisk Foundation
-snip-
The Lisk Foundation is liquidating its assets in an on-going strategy to provide enough liquidity for the projects expenses. Currently, we are following the rule to have enough fiat to cover 12 months of expenses.
In the month of July, we have deposited the following cryptocurrencies to Bitcoin Suisse for liquidation:
4.488,71406161 BCH on July 5th
8.488,69406759 BSV on July 5th
8.488,6940663 BTG on July 10th
84.886,9406727 BCD on July 10th
We liquidated them into:
1.026.612,11 CHF in July
1.770.977,32 CHF in August
This totaled at 2.797.721,90 CHF.
To sustain 12 months in FIAT, we are looking to further liquidate some of our crypto assets. We will liquidate all remaining 4000 BCH, and enough BTC to sustain approximately 12 months again.
In the month of July, we have deposited the following cryptocurrencies to Bitcoin Suisse for liquidation:
4.488,71406161 BCH on July 5th
8.488,69406759 BSV on July 5th
8.488,6940663 BTG on July 10th
84.886,9406727 BCD on July 10th
We liquidated them into:
1.026.612,11 CHF in July
1.770.977,32 CHF in August
This totaled at 2.797.721,90 CHF.
To sustain 12 months in FIAT, we are looking to further liquidate some of our crypto assets. We will liquidate all remaining 4000 BCH, and enough BTC to sustain approximately 12 months again.