Is Buying A ZenCash ZEN Miner Worth It
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ZenCash is an end-to-end encrypted and private system that can be used for transactions, communications, and publications. It is a distributed platform the enables private messaging integrated with IPFS for publishing and information access. Zen is a blockchain system built to ensure privacy and anonymous transactions based on protocol design and specification. It is the first notable private, reliable and distributed blockchain for communications, publishing, and transactions. All these are achieved on zero-knowledge proofs, a governance engine, and full encryption.
These are some of the features in ZenCash: preserved b2b/p2p asset exchange, peer-to-peer insurance, anonymous token value, decentralized financial services, decentralized aid mechanism for people, proof of title for valued properties and identification of data. ZenCash was solely built in Bitcoin platform but with additional features. ZenCash originated from Zen Classic which was forked from Zcash, and the Zcash was built on Bitcoin platform. ZenCash Team ZenCash is made of experienced professionals from various backgrounds and different regions of the world. Rob Viglione who is the Scientist, Mr.Rolf Verslius who is the head of Business Operations, Mr.
William Wolf who is the head of the Core Technical Team, Rosario Pabst who is the Project Manager, Gustavo Fialho who is the head of Community Management. We also have Simran Dhillon who is the Creative Director and many regional representatives. Practical Uses of ZenCash It is used for private transactions across its distribution channels. It is used for a secure communication within its’ blockchain. It is used for publishing, linking vendors, and publishers all over the world. Its’ platform is used for humanitarian aid and mutual aid purpose.
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It is used for peer-to-peer insurance. Zen code is completely open sourced to allow external auditors and third parties.
Mining of ZenCash ZenCash uses Proof of Work(PoW) to mine the token. All it requires is the verification of the transactions and the solving equihash algorithm on the blockchain.
Once, the equihash algorithm is solved, a new block is added to the blockchain with contributed computing power, the miner receives a reward in the form of ZenCash token. For every successful mining, a piece of Zen goes to the mining pool for people who contributed to building the GPU miner.
ZenCash takes 8.5% of the mining rewards back to its’ operations and maintenance. The 3.5% of the rewards go to secure nodes. ZenCash mining is a lot easier to mine than the bitcoin network. Notes For Investors There are various investment options which mining ZenCash is one of them. Taking into cognizance, the percentage that goes to the miner and the ease of mining, it worths considering. Remember, if you rent GPU mining power, you get mined Zen as a reward. Also, if you build a GPU miner and operate it consistently, you get a mined Zen as a reward.
It is a wise decision for someone to invest in ZenCash no matter how little the amount. As at the time of writing this report, the market cap performance is average, and there is every tendency that, it will improve considering the team behind ZenCash. This incisive report about ZenCash should not be seen as an endorsement to invest in it. Cryptocurrency investment is speculative and unpredictable, and it involves risks. The market is full of uncertainty and volatile. There are many parameters one needs to check before investing.
Don’t invest only based on what you have read here, but invest based on the fact that, you have sought advice. I wish you success!