Crypto currency Zcash is an anonymous coin that has reached the rate in 32000 BTC

One of the most popular anonymous crypto currency is a coin called Zcash. A lot of people have heard about it, but not everyone knows about its features, moreover, the unknown remains the fact that initially the price of Zcash was more than 32 thousand bitcoins! What is this such a precious coin that caused a furore in the crypto community, and what is its merit - we will tell about everything in this article.

Zcash - crypto currency with real anonymity

Crypto-currencies are attractive to users for the reason that this is a fundamentally new money. They are independent, decentralized, exist outside of spaces and without borders, and most importantly - are anonymous. And if you can safely agree with all the statements, then just in the plan anonymity crypt and pumped up. If you take into account bitcoin and similar coins, they do not have any anonymity, moreover, they are ready to put much more information on their user than cash. In the blockroom everything is recorded and displayed, so one step is enough and all operations, like the contents of the purse, will become known to all comers.

The discovery that the crypto currency is not as anonymous as it was announced, has prompted users to look for more confidential currencies, and developers to create them. One of these coins was the Zcash crypto currency, which made a lot of noise in the world of digital money and is considered the most anonymous payment system. This is one of the few coins, the appearance of which was expected, and a few years before the actual start. It is not surprising that the coin rate was simply cosmic when entering the stock exchanges.

The history of the Zcash crypto currency begins in October 2016, when a group of American and Israeli cryptographers presented the world their creation. In many ways, ZEC resembles bitcoin, except that Zcash provides complete anonymity. It is noteworthy that initially the developers did not burn with ambitions to create a new crypto currency, but simply worked on creating an add-on for Bitcoin - the protocol "Zerocash". But soon the project was reformatted and the development time was enough for a separate crypto currency, which became Zcash.

Known facts about the Zcash crypto currency:

• The coin provides full anonymity through the use of a special protocol - evidence with zero disclosure. In the blockade of the crypto currency, absolutely no information about the participants of the transaction and its features is displayed. It remains only an imprint of the fact that the operation took place, while nothing is known about it - that's such complete confidentiality.
• The total issue of coins will be 21 million, as in bitcoin.
• During the mining, the reward is received not only by the getter - 20% of the coins are assigned to the developers. In the future, this percentage will be lowered to 10% (in 4 year after the start).
• The coins of the system are interchangeable. If each bitcoin coin has a history, then they are already unequal. In the case of Zcash, this can not be, since coins do not have "memory" and possession does not have their imprint in the blockroom.
• A close-knit and authoritative development team represented by the Zerocoin Electric Coin Company is working on the project. It is known that among the developers there are scientists from the universities of the USA and Israel, and Vitalik Buterin became the project advisor.
• Zcash is one of the few popular crypto currency, Mining which is really profitable and brings revenue.

The cosmic cost of the ZEC coin

A couple of years before the emergence of Zcash about the crypto currency already known in the community and were waiting for its launch with impatience. And here the creators of the project acted very sensibly: they did not conduct a token, because the project was funded by large investors, there was no pre-mining, and the speed of mining was artificially lowered at the start. Because of this, on a coin, which promised complete anonymity and heated interest for several years, a wild excitement began. Everyone wanted to buy Zcash, and the number of coins was scanty, which led to a crazy growth rate.

It is known that Poloniex the cost of Zcash crossed the 32 BTC mark, which at the then exchange rate was about $ 000 million. Such crazy money was not asked for long for 10 ZEC, since the price began to decline sharply and by the end of the day the coin was quoted at an average of 1 BTC. Most likely, especially nimble investors managed to become millionaires. 

The current rate of Zcash to the ruble and to the dollar

Peak price for ZEC in dollars for Coinmarketcap is fixed at $ 4,293 on the first day of trading the coin. After that, a rapid drop in prices began, and in February 2017, an absolute minimum was reached - $ 26. After that, both capitalization and the exchange rate have grown significantly, since today the acquisition of Zcash on popular exchanges will cost $ 238, which in Russian national currency is 14,749 rubles. Capitalization market of this coin reached 967,5 million, which allowed Zcash to take the 25 position in the crypto currency TOP.

Mining Zcash - how do you get confidential crypto currency?

For the most part, Zcash mining is not much different from mining bitcoin. The system works on blockhouse and the role of transaction verifiers and producers of new blocks in the system is played by the same miners. After the start of the "slow" mining, production has gained natural speed and now the miners are rewarded with 12,5 ZEC for each unit, the generation of which takes 150 seconds.

Coin extraction at GPU, ASIC, through the pool

If you want to get anonymous coins directly into your wallet, then initially you will need to decide where you want to get ZEC. On the one hand, you can use a video card (GPU), and on the other - ASIC-miners will provide efficient production. Connection to the pool will allow you to receive rewards much faster than alone. As in other cases, AMD and NVIDIA graphics cards are used for Zcash mining, but it is worth noting that due to the rush around these GPUs, the payback period of the video card has increased significantly. But, again, do not forget that the extraction complexity of the anonymous crypto currency is significantly lower than that of the cue ball, and therefore the cost of the farm equipment for Zcash will be an order of magnitude lower, and the revenue will be more substantial.

How to get a wallet for ZEC?

The official client from Zcash developers exists, but not for everyone - it works only on Linux. Therefore, if you are a minor or an investor who is friends only with Windows, then you can not see the official purse as your ears. But, the coin is so popular that it is actively added to various multicurrency wallets:

• Hardware storage - Zcash's support was expressed by Trezor and Ledger, who are reliable physical wallets with the option of cold storage. Essential minus of these wallets - they are not free, the cost with delivery will be 79 $ -139 $.
• Exodus - Multicurrency wallet, which not only allows you to store Zcash and other crypto currencies, but also allows you to make exchange transactions right in your account thanks to the built-in crypto-ShapeShift.
• Jaxx - a purse for several crypto-currencies, which was founded by one of the developers of Ethereum. The wallet works on all platforms and can be installed as a desktop version or download the extension for Google Chrome.
• Coinomi - the developers of the multi-currency purse claim that no one purse of their production was hacked for all time working with 2014 year. Users can backup and exchange inside the wallet.

What to expect from the crypto currency Zcash: forecast for 2018 year

Zcash is a very promising crypto currency, which has already managed to learn the history of its existence and incredible ups and significant falls. The mere fact that, at the start, the price of one ZEC coin has reached tens of thousands of bitcoins, speaks of the users' interest in absolute anonymity. And in this regard, Zcash simply does not have competitors. If all traditional crypto-currencies are completely deprived of anonymity, the closest rivals Zcash, such as Monero, cause a lot of criticism in their address. Developers of coins working on the CryptoNote protocol do not hide that when capture most of the network You can deinonize transactions.

Zcash is a coin with irreproachable confidentiality, which does not record any transaction data in its block. Thanks to this, the inhabitants of Darknet have paid attention to the crypto currency. The dark market appreciated all the advantages of a coin, but this crypt is interesting and users who have nothing to hide. Zcash aroused considerable interest in the founder of WikiLeaks, who not only began accepting donations on his provocative website, but also called crypto currency the most interesting substitute bitcoin.

One can judge that interest in anonymous crypto-currencies will increase at times after the wild market comes to regulation on the part of the authorities. At the same time, do not forget that for the future of the coin, its popularity can have a negative impact. It is known that Europol has already expressed concern about the growing popularity of Zcash. From all this we can conclude that the crypto currency has great prospects and it is really interesting to the public, but at the same time, it is impossible to say what the position of the authorities will be to the coin with increased anonymity in the future.