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Author Topic: [ANN][ZEN] ZENCASH: Permanent, Distributed, and Fully Anonymous cryptocurrency  (Read 216829 times)
Zencash
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March 09, 2017, 10:56:28 PM
 #1





ZenCash is live and trading on Bittrex

ZenCash is a platform designed for private communications and private economic activity.
Cutting-edge cryptography and zero knowledge proofs enable fully anonymous peer to peer communications with ZenCash.
ZenCash's distributed and encrypted networking design is resistant to traffic correlation and metadata analysis.


Why start this project?

Existing cryptocurrencies fall short of being fully anonymous; whether it's from network-level deficiencies or economic shortcomings. There is no cryptocurrency in existence that guarantees full end-to-end encryption of the distributed network. ZenCash is designed to be fully encrypted as a network and also as a means to send and distribute money.

What is zero-knowledge encryption?

Zero-knowledge encryption allows for undecipherable encrypted communications to propagate throughout the network while providing protections against denial of service attacks and spamming. Zero-knowledge encryption allows for private economic activity where the recipient, sender, and amount of activity is kept confidential.

What is ZenCash and when was ZenCash released?

ZenCash is a platform for secure communications and for deniable economic activity. It is an evolution of the Zcash codebase aimed at primarily enabling secure communications and resilient networking. As a platform it enables secure global messaging, persistent file storage, and private economic activity.

ZenCash was launched May 30th, 2017. It is actively trading on Bittrex.

How is ZenCash financially supported? Is it a ICO, pre-mine, or etc?

ZenCash did not conduct an ICO or a pre-mine. ZenCash began as a chainsplit from Zclassic, providing a base of ZEN owners.

ZenCash funds growth using a redirection of a portion of the miner reward, to be spent on ZenCash using a community governance mode. In the ZenCash network, 8.5% of the tokens are allocated for community development, marketing, maintenance, and other costs paid for out of the treasury. This ensures that there are always enough resources available for growth.

I am an early Zclassic investor, what does this mean to me?

Anyone who held Zclassic prior to the block 110,000 chainsplit was allocated a 1:1 amount of Zen automatically. Simply import the Zclassic private keys into the new Zen wallet after the launch to redeem your tokens. Bittrex credited everyone who owned Zclassic at block 110,000 with an equivalent amount of ZenCash

Are full nodes going to be incentivized with block rewards?

Anyone that runs a full node with additional requirements will qualify for the Secure Node reward and participates in the network node funds allocation program will receive their share of 3.5% of the coinbase rewards. The Secure Node System development is funded by the ZenCash treasury.

JOIN US

Zen is a system of products, services, and businesses built around an enabling technology stack employing zero-knowledge proofs and a core set of beliefs.

As a distributed blockchain system with both public and private transactions, private messaging, fully encrypted communications, and a social and governance model designed for long term viability, Zen will contribute to the human right to privacy and provide the necessary networking infrastructure for people to securely collaborate within a borderless ecosystem.

Subscribe to our mailing list on our main website to engage with the Zen Community and receive updates. White paper is available at the main website.

Find out more about ZenCash here:
ZenCash Website - https://zensystem.io
ZenCash Blog - https://blog.zensystem.io/
ZenCash Slack Invite - https://slackinvite.zensystem.io/
ZenCash Forum - https://forum.zensystem.io
ZenCash Telegram - https://t.me/zencash
ZenCash on Bitcointalk - https://bitcointalk.org/index.php?topic=1819977.0
ZenCash YouTube Channel - https://www.youtube.com/channel/UCQ0v_lUnZHIKUQUXJzfgqOg
ZenCash Reddit - https://www.reddit.com/r/ZenSys/
ZenCash Facebook Page - https://www.facebook.com/zencash/
ZenCash Blog on Medium - https://medium.com/zencash

ZenCash on Github - https://github.com/ZencashOfficial

Zen on CoinMarketCap - https://coinmarketcap.com/currencies/zencash/

Buy or Sell ZenCash
ZenCash on Bittrex - https://bittrex.com/Market/Index?MarketName=BTC-ZEN/
ZenCash on TradeSatoshi - https://www.tradesatoshi.com/Exchange?market=ZEN_BTC/
ZenCash on CryptoDAO - https://cryptodao.com/

Zen Mining pools

ZenMine Pro - https://zenmine.pro/
Cryptobroker - https://pool.cryptobroker.io/zen/
BitFire Pool - https://zen.bitfire.one/
MineZ Zone - https://minez.zone/
Luckpool - http://www.luckpool.org/
Miningspeed - http://zen.miningspeed.com/
ZenCash Cloud - http://zencash.cloud
Zen Mining Pool IO - http://miningpool.io/
Zcrypt - http://zcrypt.live
MineIX - http://mineix.ca/
Zpool - http://www.zpool.ca/
ZenCash Pool Sexy - http://zen.pool.sexy
HebUsio Pool - https://zenpool-eu.hebusio.com
MinerPool - https://zen.minerpool.org
SuprNova - https://zen.suprnova.cc/

Zen Mining Profit Calculator - https://whattomine.com/coins/185-zen-equihash
Zen Mining Pool Forum Topic - https://forum.zensystem.io/t/zen-mining-pools-list/73
ZenCash Block Explorer
https://explorer.zensystem.io/
http://node1.zenchain.info:8886/
http://explorer.zenmine.pro/insight/

GUI Wallets available for linux, mac, and windows:
Swing Wallet - https://github.com/vaklinov/zencash-swing-wallet-ui



Eleos Wallet - https://github.com/ZencashOfficial/eleos

ZenCash Leadership Team Bitcointalk usernames:
finpunk
blockops
jane.hk

ZenCash official team members Slack/Bitcointalk username:
rocket/Confucio
anarch3
cronic/cronicc
lpsun
lukas
smrtz

ZenCash  The world's first private, distributed, and reliable platform for communications, transactions, and publishing.
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kurniajim
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March 09, 2017, 11:00:43 PM
 #2

Reserved indonesian translate

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March 09, 2017, 11:08:50 PM
 #3

Any bounty campaign like signature campaign, social network etc???

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March 09, 2017, 11:10:23 PM
 #4

Why fork off of Zclassic? Why not just create Zen as a new blockchain. Now it looks like a way to pump the Zclassic price before block 100000.
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March 09, 2017, 11:23:30 PM
 #5

Why fork off of Zclassic? Why not just create Zen as a new blockchain. Now it looks like a way to pump the Zclassic price before block 100000.

Zclassic is a 1:1 match for Zcash without the founders reward. Alot of us on the team wanted to add new features and functionalities to Zclassic that would break the 1:1 parity. Zen is just an evolution of Zclassic with these new features that we wanted to put in and we're keeping Zclassic true to its 1:1 parity with Zcash.
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March 09, 2017, 11:38:42 PM
 #6

sounds interesting , I will have both on my watch Smiley
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March 09, 2017, 11:44:46 PM
 #7

Zclassic was too tied to Zcash IMO and will stay as it is. The fork of Zcash without 20% and a community coin, not run by a Company, which is already cool.

ZEN is designed to innovate more than anything else.

I will buy Zclassic more and Hold both.

Good luck and have fun.

Fliphodl.com ICO Analysis Website.
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March 09, 2017, 11:49:54 PM
 #8

so basically if we grab a lot of zcl now we will get the same amount of zen in april ?

sounds too good  Shocked guess I misunderstood something?
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March 09, 2017, 11:53:12 PM
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so basically if we grab a lot of zcl now we will get the same amount of zen in april ?

sounds too good  Shocked guess I misunderstood something?

Do you read the other entries in a thread?

Now it looks like a way to pump the Zclassic price before block 100000.

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March 09, 2017, 11:56:43 PM
 #10

A lot of alts are working like that.
It's the same team behind Zclassic and ZEN, feel free to join the community and participate tho! Everyone is welcome. Smiley

I enjoy my time on Slack.

https://rocketchat.zdeveloper.org/
or
zclassic.slack.com

Fliphodl.com ICO Analysis Website.
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March 09, 2017, 11:57:31 PM
 #11

So guess this is a yes , nice then gonna grab some mo!
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March 09, 2017, 11:58:04 PM
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This is a genius decision to provide a solid developmental foundation to ensure ZEN is extremely successful longterm.

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LINK TO ICO | LINK TO DISCUSSION
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March 09, 2017, 11:59:16 PM
 #13

mining difficulty will remain same for zen right ? same as zcl has now
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March 10, 2017, 12:35:24 AM
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mining difficulty will remain same for zen right ? same as zcl has now

^^ This is a big question, for me. Will current ZEC/ZCL miners work with ZEN day one?? Also, as far as promoting solo mining/full nodes, providing stratum support natively at the network node would be a HUGE plus!!!!!! As it stands, you can't mine ZEC/ZCL solo without a private pool/proxy, and that sucks. I'm very interested in hearing the answers Smiley
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March 10, 2017, 12:38:03 AM
 #15

Why not clone zec?

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March 10, 2017, 12:53:15 AM
 #16


Zen is a platform designed for censorship-resistant communications and anonymous economic activity.
Cutting-edge cryptography and zero knowledge proofs enable fully anonymous peer to peer communications with Zen.
Zen's distributed and moderate latency networking design is highly resistant to traffic correlation and metadata analysis.

Why start this project?

All existing cryptocurrencies fall short of being fully anonymous; whether it's from network-level deficiencies or economical shortcomings. There is no cryptocurrency in existence that guarantees full end-to-end encryption of the distributed network. Zen is designed to be fully encrypted as a network and also as a means to send and distribute money.

Zen doesn't stop there though. Zen is a massively distributed and fully encrypted storage system with endless possibilities.

What is zero-knowledge encryption?

Simply put zero-knowledge encryption allows for undecipherable encrypted commuications to propagate throughout the network while still providing protections against denial of service attacks and spamming. Zero-knowledge encryption allows for fully cloaked economic activity where the recipient, sender, amount, and date of activity is kept confidential.

What is Zen and when will Zen be released?

Zen is a platform for secure communications and for deniable economic activity. It is an evolution of the Zclassic codebase built by Zclassic's original developers aimed at primarily enabling intriniscally secure communications and resilient networking. As a platform it enables secure global messaging, persistent file storage, and completely anonymous economic activity.

At block 100,000 (somewhere around April 29, 2017) the Zclassic network will execute a purposeful divergence into two blockchains; Zclassic and the newly formed Zen network. Zclassic will retain its original functionality and feature set but the Zen network will be adapted to include segregated witness (segwit) support and additional cryptographic technologies.

Rather than abandoning Zclassic, the team has agreed that development will continue on both networks.

How is Zen financially supported? Is it a ICO, pre-mine, or etc?

Zclassic is a completely community-funded project relying on independent donations. There has been no ICO, pre-mine, or founder's tax. Lessons learned from this launch-style showed that a lack of funding significantly hinders growth since all funds required for exchange listings, development, server hosting, and contributor bounties must be self-raised.

Zen takes these lessons learned and pairs it with a DAO-style governance model based upon proof-of-shares. In the Zen network, 8.43% of the tokens are allocated for community development, marketing, maintenance, and the DAO. This ensures that there are always enough resources available for growth.



I am an early Zclassic investor, what does this mean to me?

Anyone who holds Zclassic prior to block 100,000 (somewhere around April 29, 2017) will be allocated a 1:1 amount of Zen automatically. Simply import your private keys into the new Zen wallet to redeem your tokens. We are also working with the various exchanges to ensure everyone will be credited appropriately on their platforms.

Are full nodes going to be incentivized with block rewards?

Yes. Anyone that runs a full node and participates in the network node funds allocation program will receive their share of 3.43% of the coinbase rewards. Additionally one of the functions of the DAO will be to maintain network node size and may allocate additional funds to node operators.

The Zen network target size is to be at least 1,000 fully operational nodes. At this size at least 7.40 zen will be rewarded to each node operator. In the event the Zen network size has not been reached the DAO may allocate some of its discretionary funds to encourage node deployment.

What is going to happen to Zclassic? Why not start a brand new blockchain?

We have evolved and our combined vision simply outgrew the "Classic" designation of Zclassic; Zen is a much needed evolution and rebrand supported by the original developers. We also believe the Zclassic network has merit and therefore we will continue to support it.

Can I invest in Zen prior to launch?

Yes. Anyone who holds Zclassic prior to block 100,000 (somewhere around April 29, 2017) will be given a 1:1 credit of Zen. This is a result of the Zen genesis originating from the Zclassic blockchain.

How is Zen different from existing anonymous networks such as Tor?

Zen is based upon content-addressable storage and is a means to store data permanently. Technologies such as Tor are predominately routing protocols that do not guarantee any sort of data permanence.

JOIN US

Official website : https://zencash.io
Github : https://github.com/zencashio

Zclassic Slack: https://rocketchat.zdeveloper.org/



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SunStruck
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March 10, 2017, 12:53:40 AM
 #17

thats zcl for you , zen will be similar to zcl just with more custom touches
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March 10, 2017, 12:57:50 AM
 #18

Why not clone zec?

Zclassic is already a clone of ZEC, so yes, already done, unless I'm missing something.
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March 10, 2017, 12:58:06 AM
 #19

Great move!!! Awaiting block 100k with anticipation! Website looks good!


 
 
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March 10, 2017, 12:59:43 AM
 #20

the zcl coins i buy have to be in my wallet when the zen start goes right? for the duplication?
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