If you’re talking about things that are going on ter the world, you voorwaarde have already heard about Bitcoin te the mainstream media. But did you hear about ZenCash at all? ZenCash, like the staggering majority of cryptocurrencies, is based on a distributed and decentralised ledger called the blockchain. Here, every executed transaction is permanently and transparently stored, without the possibility of editing or manipulating it. What makes ZenCash unique and why should wij pay attention to this project?
What have you read about ZenCash?
ZenCash – not only a cryptocurrency but a privacy focused toneel
The leading feature of ZenCash is its emphasis on so-called privacy or the rights to privacy. With it, there is the chance to implement not only semi-transparent transactions (such spil Bitcoin, Litecoin, or Ethereum), but also to perform hidden transactions. This technology, called zk-SNARK, comes from the Zcash project, from which ZenCash has also bot divided. Zk-SNARK is an algorithm that permits you to create hidden transactions when a blockchain can validate transactions spil being valid without being able to find out who is the sender, who is the recipient, and how much wasgoed sent.
ZenCash puts fine emphasis on privacy.
ZenCash is not just a cryptocurrency that permits for public or hidden transactions. The team behind ZenCash had a clear vision right from the commence of the project: to create an open and expandable private toneel built on blockchain technology to build a ingewikkeld system that goes beyond transactions.
ZenCash has yet to implement the ZenTalk feature, a secure and encrypted way to communicate with people te a 1:1 or 1:many onderstel. What’s interesting about it when there are systems like Whatsapp or Signal? It’s all about anonymity. To be able to use Whatsapp or Signal, one of the significant assumptions is the existence of a telephone number, through which you have to register.
While te some democratic states you still have the chance to buy prepaid phone cards anonymously, this possibility is decreasing. For informers and sensitive gegevens (journalists, advocates of minorities, anti-corruption fighters, etc.), however, anonymous communications are very desirable to prevent state organizations or criminal groups from monitoring your calls. The use of such technology may not only serve users living te a democracy but can also be extended to parts of the world where authoritarian regimes exist. Te this case, ZenTalk is even more significant.
However, some countries (such spil the People’s Republic of China) are known for their stringent and comprehensive monitoring and censorship of internet traffic, which may pose a problem te using this form of communication. The ZenCash project team addresses this kwestie and has determined to implement the ",Domain Fronting", feature. This is a method that permits the ZenCash blockchain to be disrupted to emerge spil a regular network traffic through http and port 80. This is a normal communication gateway for unencrypted traffic on websites, and the activity then shows up to be anonymous from the point of view of a censoring authority. Best of all, ZenCash traffic is encrypted across TLS, and the deployment of Secure Knots further strengthens the overall network infrastructure and provides more anonymity and security for the entire blockchain.
",Zen’s mission is to provide the necessary empowering infrastructure and supporting community for individuals to reclaim their private privacy and security. Ter 3-5 years wij hope to have contributed to a global paridigm shift where individuals request control overheen their footprints and identities te the digital world. This shift can only occur through awareness and use of the contraptions that Zen is developing, which is why wij’re focused on both intensive R&,D activities to opoffering best-in-class privacy and reliability to users, and building a thriving global community!",
Jane Lippencott is a co-founder of Zen. She wasgoed born te America and grew up ter Hong Kong, Bangkok, and Fresh York to build up a unique view that includes the values ??of both Western and Eastern cultures. This life practice is reflected ter hier worldviews, which particularly emphasise freedom of opinion, the right to privacy and decentralization ter general.
Secure Knots – Encrypted communication inbetween knots
ZenCash, spil well spil all of the currency-based blockchains, uses so-called total knots, which are knots (computers/servers) that have accomplish copies of the blockchain. However, ZenCash communicates inbetween thesis knots ter an encrypted manner and therefore wij are talking about Security Knots.
Basic Secure Knot information for ZenCash cryptographic network transactions
Te most cryptocurrencies, the operation of thesis total knots is voluntary and non-rewarding. ZenCash has a prize system that is paid to thesis Security Knots operators after several conditions are met – ownership of at least 42 ZenCash, a TLS certificate, at least 92% availability, etc. This system permits Security Knots to acquire extra ZenCash through the operation of thesis utter knots. Thanks to them, the network becomes more distributed and resilient, for example, to national governments’ attempts to kerkban/regulate the currency ter question. More than 5700 of thesis total copies of the ZenCash blockchain are presently ter use.
Secure Knots ter Europe
It is superb that wij are participating ter the decentralisation of the internet spil a continent. Even te the Secure Knot list, you will find fairly a few Secure Knots running on the .cz domain for example. This, of course, does not mean that it is the final count, many local domain operators may not be using a .cz ending.
A Secure Knot Operations Overview Web webpagina that uses encrypted communications to validate transactions ter the ZEN crypto network.
Our overclocker Michal Mikle also has one
Michal told us that he also joined the Secure Knot operators, so wij asked him what wasgoed behind his decision and what ZenCash actually meant.
My name is Michal Mikle. I’m an overclocker and I love getting the best voorstelling from my gadgets. If there is the possibility of squeezing another druppel of power from the hardware, I won’t miss it. I love adrenaline and pushing the boundaries, of the components and myself. This activity is rich with choices, but I mainly use liquid nitrogen and compressor methods. I also like to play with water (sometimes undercooled), and I won’t boast now of quality air cooling.
How to benefit from ZenCash?
ZenCash uses the equihash kernel algorithm (like Zcash) that is resistant to the use of ASIC dedicated mining devices. ZEN mining requires the use of premium and powerful graphics cards such spil the NVIDIA 1080 Ti. The system requires at least Four GB of memory to create one hidden transaction, which will not be a problem ter today’s world. Spil with the vast majority of algorithms that are designed to work with a GPU, it is unnecessary to concentrate on processor mining. The power delivered by the strongest processor, such spil Intel’s i9-7960X , is so powerless that mining is not efficient, but te fact is causing you to lose money. Therefore, for mining companies who want to exploit the system and who use ZenCash (mining equipment) will use a cheap processor, 4GB of RAM memory, and conversely, it is necessary to use adequate and high-performance NVIDIA Pascal graphics architecture.
An example of a mining equipment, which is based on the ZenCash graphics cards for the equihash algorithm.
ZenCash can be exploited through various types of mining software. For example, the author of this article uses the EWBF with the NVIDIA and Claymore cards from AMD. There are, however, other variants, such spil DSTM. For mining equipment operators who already have more powerful systems, it is worthwhile to use a dedicated solution such spil Ethos or SMOS, etc. Spil for mining solo against the mining pool, wij certainly recommend joining a mining pool spil the chance of finding at least one block te a solo mining pool with a puny hash rate of one-rig mining is very petite. At present, it would take a matter of weeks.
ZEN Mining with Simplemining.netwerken
Before you commence setting up ZEN mining, you should be familiar with Michal Mikle’s tutorial to help you do it correctly.
With the NVIDIA Pascal architecture cards, which are the most efficient for the equihash mining algorithm, I recommend using the DSTM miner, which is about 10% more powerful than EWBF. You can select your mining pool from the list at the official ZenCash project webpagina.
You voorwaarde register for the zen.suprnova.cc mining pool and you voorwaarde create a so-called Workers for Elementary Mining on the My Account tabulator and then My Workers to refer to the configuration ter the RigGroups group. The config then looks like this:
", –server zen.suprnova.cc –port 3618 –user Elkim.NVA –pass X ",
The server and the port are clear. –user is then created by combining your login into the pool and the name of the worker. –pass is a password for the connection to the pool, but it is not a secret, but rather a purely technical matter for logging the mining equipment into the pool.
Real-time hacking (mining) directly on the SMOS console
The best way to verify the accuracy of mining with Simplemining.netwerk is by us to control SSH overheen any SSH connection application.
Whether everything works (or generates) decently, you can verify it either ter the Simplemining.netwerk administration on the RigList tabulator or directly using a monitor connected to the mining equipment. The next, and dare to say the best option, is to check SSH overheen any SSH connection application. Michal Mikle uses MobaXterm for example. SMOS is logged ter by default using the username ",miner", and password: ",miner",. Using the ",screen -x miner", directive, you can get to the main mining screen to see the real-time mining/hashing results.
Spil shown ter the picture above, one overclocked GTX 1060 gives approximately 350 Sol/s (350h/s). Thesis are values ??that you can count on what’s known Whattomine.com. They reaction all of the most frequently asked questions such spil: What to get, what to do, and what is the come back?
How to Buy ZenCash?
ZenCash can only be purchased at the Crypt Exchange, but it can also be bought through some internet vendors. The following list is up-to-date spil of January 12, 2018:
- Purchase on Bittrex
- Purchase on OKEX
- Purchase on Evercoin (anonymous instant exchange, ShapeShift-like)
- Purchase on Coss
- Purchase on Cryptopia
- Buying on Bisq (Peer-to-peer exchange Decentralized overheen TOR)
- Purchase on UPBit
- Integration with coinpayments.netwerken and cointopay.com (payment gateways for Internet vendors)
Where to buy ZEN? Wij recommend Bittrex if you have a registration.
ZenCash can be stored ter different wallets, both on your laptop and on your mobile device, or you can print a paper wallet. The official wallet for desktops is called Arizen. European readers will appreciate that the entire team involved te the development of Arizen comes from the Czech Republic. Another official wallet for mobile devices is called the ZenCash Mobile Wallet. It’s presently only available for Android. An iOS version also exists, it’s just waiting to be published on the App Store. The well-known wallet for multi-cryptomena, the wallet Coinomi, is also available only for Android, but it supports ZenCash. The last option is the unofficial Zencash Sway Wallet UI wallet. It has bot available from the beginning of the project.
",ZenCash is not just another cryptocurrency, it’s a podium for private communications, payments, and gegevens sharing and Internet access ter the future. This entire system underlines the need to be able to use services that assure absolute anonymity and privacy when you need it, and ter a distributed form without an intermediary commercial subject.The areas of ??cryptomania and blockchain will concentrate on privacy more te 2018 and te the near future than at present.Ter this uur, ZenCash will be one of the projects that will indicate the direction of cryptocurrency development. ",
Lukas Bures is a Ph.D. student at the Department of Cybernetics at the University of Westelijk Bohemia ter Pilsen, where he trains Laptop Vision Methods. He is actively interested ter cryptocurrency, artificial intelligence, gegevens mining, and machine learning. He is also fully oriented te a number of programming languages ??and development libraries. He is a Team Leader Developer of ZenCash.
And what about hardware? Presently, integration with the Ledger Nano S is ter progress and is te the debugging phase. Spil for wallets, Treasurer from the world-famous Satoshi Labs te Prague, integration with the original Treasure proefje will not occur, but wij can expect to integrate Arizen wallet with the fresh Trezor T monster. It could be available from February 2018.
ZEN and EUR – What is the ZenCash rate and price?
The common feature of all current cryptocurrencies is undoubtedly their extreme volatility. This is often the case with ZenCash, where wij can practice acute fluctuations te the course of a day, with the exception that there is no druppel or increase of ten procent or more ter a single week or even day. Ter the picture below, you’ll find a detailed interactive chart for the current rate, spil well spil a ZenCash (ZEN) overview for the last month.
Conclusion: Why invest te ZenCash?
There are several reasons to invest te ZenCash. Above all, it is a project that is active, has a clearly defined long-term vision ter the form of a roadmap and is distributed around the world. At the same time, it has repeatedly demonstrated that it is able to meet deadlines te terms of delivering fresh features. Opponents of the project say they can not see ZenCash spil investible, spil it is a fork of Zcash. Here is a very significant point about of the differences inbetween ZenCash and Zcash because it is not a fork of a fork.
ZenCash is a distributed, friendly community that, for the time being, uses the same technology and algorithms spil Zcash, but for a totally different purpose. (The Zcash Project is the The Zerocoin Company, which concentrates on research and development ter the field of block and cryptography, which accounts for 20% of all mining prizes te the Zcash scheme). With the creation of a specific usein the future, ZenCash will concentrate on anonymous content sharing and access to the Internet.
Massimiliano (Max) Mortillaro
Massimiliano (Max) Mortillaro is an independent gegevens center consultant specialising ter virtualisation and gegevens storage technology. Ter addition to providing services to corporate customers, he is also co-organizer of an independent IT conference, TECHunplugged. He is also a sultry advocate of online security, privacy, encryption and digital rights.