HitBTC is happy to announce support for Zcash (ZEC), opening a new ZEC/BTC market.
What is ZCash?
Zcash is a new cryptocurrency, launched on October 28, 2016. It represents a new decentralized, open-source digital asset that offers privacy and selective transparency of transactions. Just like most of digital currencies, Zcash runs a public blockchain, but conceals transaction amounts, and allows both senders and recipients remain private.
Being developed and supported by a number of professional scientists, Zcash uses advanced cryptographic techniques, namely zero-knowledge proofs, to guarantee the validity of transactions without revealing additional information about them.
Despite being just released, Zcash has a long track record, and a plenty of stakeholders, including names such as Roger Ver and Barry Seibert as well as Pantera Capital. Another peculiar fact is that despite being an open source project, Zcash is set up as company, run by Zooko Wilcox, a 41 year old cryptographer. The Company, running Zcash gets 20%, which will amount to 10% of the total supply.
The Zcash total coin supply is going to be 21 million like Bitcoin, and the asset follows the same issuance rate with 21m ZEC being issued over 131 years. However, instead of having 10 minute blocks, ZCash will have a 2.5 minute block average with 4 times bigger block rewards that halve every 4 years.
All these features make ZCash a great asset. Don’t waste time, become one of the first ZCash traders!
This week’s look at altcoins and my eyes are on Monero. I saw a great talk on Monero a year ago at Coinfest Estonia. David Latapie gave an insightful talk bringing out something that can be viewed as Bitcoin’s weakness – privacy. What if you don’t want your neighbour to know how much coin you have? Not saying that your neighbour does but if they are intelligent enough and you do all of your dealings in Bitcoin they could have a pretty close estimation. That is of course assuming that you only ever use the same address for storing and sending your coins. Nevertheless all of the transactions ever made will be recorded in the blockchain and anyone can view them.
I’m gonna continue with the series of altcoin posts writing about all the cryptocurrencies available on our exchange. The world of cryptos is growing so quickly, it might sometimes be difficult to keep track of what all the different ones are and what they are for. There’s a huge variety of cryptocurrencies out there, each have their own little niche and every single one brings something new to the table. In this article I have a glance at Digitalnote. What is its purpose and how it can be used.
We all remember the Doge memes. Such wow, many doge. Simply brilliant, the Shiba Inu that started it all spread like wildfire through the internet. I even remember my father using the “doge slang”. To those who missed this internet sensation, it all started back in February 2010 when a Japanese kindergarten teacher shared many photos of her rescue dog Kabosu on her personal blogs. The killer shot was a sideways look from the dog, glaring at the camera with raised eyebrows.
There is a huge number of different cryptocurrencies out there and this number is growing as the technology keeps evolving. When we think about cryptocurrencies we normally think of the king – Bitcoin. We cannot disagree on this, Bitcoin is definitely the greatest crypto out there today but we also cannot dismiss other altcoins. In this article I will have a look at what Litecoin is all about and why we absolutely love it. Litecoin is currently the number 3 cryptocurrency. Currently following Bitcoin and Ethereum like a true trooper. Litecoin was created by Charles Lee – a former Google engineer. The birth of Litecoin was back in 2011 and Charles Lee was inspired by Bitcoin and wanted to improve some of its features.
NuBits on HitBTC
We are rapidly growing the amount of currencies you can trade on HitBTC. Here’s a new cool thing – NuBits!