[ANN][ZEN] Horizen: Unbounded By Design

[finpunk]

Zen is fork of zerocoin right? Then what is the state of growth plus is Zen dev also involve in zclassic?

Technically, we're a fork of Zclassic, which is a modified clone of Zcash...just removed a set of contentious parameters. The former ZCL lead dev used to be part of ZEN, but then left the project on really bad terms. To my knowledge, he's also removed from ZCL since he was making code mods that the founder, @heyrhett, found to be outside the scope of the project. We no longer have anything to do with that dev, but we're on great terms with Rhett and love the purist alternative that ZCL provides to ZEC (which is also another great project).

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[Gelbstich]

I've discovered Zencash yesterday and am very glad that I can get involved in ZEN in this early stage and will start buying a bunch soon. It's really nice to see a dev so motivated and engaged in improving his coin.
Looking forward to see the development of Zencash!  

[z0n0]

Zen is fork of zerocoin right? Then what is the state of growth plus is Zen dev also involve in zclassic?

We often see new cryptocurrencies being created due to hard forking an existing project. One of the latest projects to do so goes by the name of ZenCash, a privacy-centric coin which is directly hard-forked from ZClassic, which is a fork from ZCash. Now would be a good time to compare all three cryptocurrencies and see how they are different from one another.


3. ZenCash

Although ZenCash was only recently introduced to the world, the token has gotten quite a lot of attention already. ZenCash focuses on privacy, and represents an “evolved form of ZK-SNARK technology.” It is a direct hard fork from ZClassic, a currency we will discuss in the next paragraph. One feature that makes ZenCash attractive to people is how it offers a protected communication protocol known as ZenTalk. Users can exchange short messages through this network, all of which is powered by blockchain technology.
ZenCash has a maximum coin supply of 21 million, which is the same as Bitcoin. The governance of this project will be done through a Decentralized Autonomous Organization structure, which is funded by a portion of mining rewards. The DAO will also fund future developments and look for additional partnerships. People interested in a more technical explanation of ZenCash can check out the whitepaper.


2. ZClassic

The ZClassic currency – listed as ZCL on exchanges – is a fork of ZCash. The goal of ZClassic is to remove the 20% fee associated with the ZCash technology. The developers of this fork feel miners should not receive smaller rewards just because the developers need additional money to keep evolving the project. Instead, ZClassic issues the full block reward to miners and aims to have development funded by the community itself.
Moreover, Zclassic was designed in such a way there is no deliberate scarcity. That is quite different from ZCash, which seems to thrive on issuing fewer coins during the early stages of the ecosystem being embraced by enthusiasts. ZClassic is the first major fork of ZCash, although it is unclear if other forks may make an impact on the cryptocurrency ecosystem over the coming months. There will be 21 million ZClassic coins.


1. ZCash

Most cryptocurrency users have heard about ZCash before. This particular cryptocurrency is well known for a strong focus on privacy, while still allowing for specific transactions to be completely transparent. There is a fixed supply of 21 million coins, similar to Bitcoin. However, the number of coins is distributed at a much slower rate from the start, which creates artificial scarcity. Moreover, it appears 20% of the block reward will automatically be deducted for future development of the protocol.
The main reason people are attracted to ZCash is because of their use of zk-SNARKS to protect the amount and recipient of transactions. It did not take all that long for ZCash to become one of the top-twenty cryptocurrencies. It is also worth mentioning ZCash was initially called Zerocash, but the name was changed later on. Make sure to check out the official Zerocash whitepaper, as it contains a lot of technical information regarding this project.

[VoskCoin]

Zen is fork of zerocoin right? Then what is the state of growth plus is Zen dev also involve in zclassic?

This may help some it's my video on What is ZenCash / Zen basics

https://youtu.be/cex06nwUCsI

[VoskCoin]

Zen is fork of zerocoin right? Then what is the state of growth plus is Zen dev also involve in zclassic?

We often see new cryptocurrencies being created due to hard forking an existing project. One of the latest projects to do so goes by the name of ZenCash, a privacy-centric coin which is directly hard-forked from ZClassic, which is a fork from ZCash. Now would be a good time to compare all three cryptocurrencies and see how they are different from one another.


3. ZenCash

Although ZenCash was only recently introduced to the world, the token has gotten quite a lot of attention already. ZenCash focuses on privacy, and represents an “evolved form of ZK-SNARK technology.” It is a direct hard fork from ZClassic, a currency we will discuss in the next paragraph. One feature that makes ZenCash attractive to people is how it offers a protected communication protocol known as ZenTalk. Users can exchange short messages through this network, all of which is powered by blockchain technology.
ZenCash has a maximum coin supply of 21 million, which is the same as Bitcoin. The governance of this project will be done through a Decentralized Autonomous Organization structure, which is funded by a portion of mining rewards. The DAO will also fund future developments and look for additional partnerships. People interested in a more technical explanation of ZenCash can check out the whitepaper.


2. ZClassic

The ZClassic currency – listed as ZCL on exchanges – is a fork of ZCash. The goal of ZClassic is to remove the 20% fee associated with the ZCash technology. The developers of this fork feel miners should not receive smaller rewards just because the developers need additional money to keep evolving the project. Instead, ZClassic issues the full block reward to miners and aims to have development funded by the community itself.
Moreover, Zclassic was designed in such a way there is no deliberate scarcity. That is quite different from ZCash, which seems to thrive on issuing fewer coins during the early stages of the ecosystem being embraced by enthusiasts. ZClassic is the first major fork of ZCash, although it is unclear if other forks may make an impact on the cryptocurrency ecosystem over the coming months. There will be 21 million ZClassic coins.


1. ZCash

Most cryptocurrency users have heard about ZCash before. This particular cryptocurrency is well known for a strong focus on privacy, while still allowing for specific transactions to be completely transparent. There is a fixed supply of 21 million coins, similar to Bitcoin. However, the number of coins is distributed at a much slower rate from the start, which creates artificial scarcity. Moreover, it appears 20% of the block reward will automatically be deducted for future development of the protocol.
The main reason people are attracted to ZCash is because of their use of zk-SNARKS to protect the amount and recipient of transactions. It did not take all that long for ZCash to become one of the top-twenty cryptocurrencies. It is also worth mentioning ZCash was initially called Zerocash, but the name was changed later on. Make sure to check out the official Zerocash whitepaper, as it contains a lot of technical information regarding this project.

awesome post, very informative

How would you compare the zk-SNARKs family to Dash and Monero?

[finpunk]

Zen is fork of zerocoin right? Then what is the state of growth plus is Zen dev also involve in zclassic?

We often see new cryptocurrencies being created due to hard forking an existing project. One of the latest projects to do so goes by the name of ZenCash, a privacy-centric coin which is directly hard-forked from ZClassic, which is a fork from ZCash. Now would be a good time to compare all three cryptocurrencies and see how they are different from one another.


3. ZenCash

Although ZenCash was only recently introduced to the world, the token has gotten quite a lot of attention already. ZenCash focuses on privacy, and represents an “evolved form of ZK-SNARK technology.” It is a direct hard fork from ZClassic, a currency we will discuss in the next paragraph. One feature that makes ZenCash attractive to people is how it offers a protected communication protocol known as ZenTalk. Users can exchange short messages through this network, all of which is powered by blockchain technology.
ZenCash has a maximum coin supply of 21 million, which is the same as Bitcoin. The governance of this project will be done through a Decentralized Autonomous Organization structure, which is funded by a portion of mining rewards. The DAO will also fund future developments and look for additional partnerships. People interested in a more technical explanation of ZenCash can check out the whitepaper.


2. ZClassic

The ZClassic currency – listed as ZCL on exchanges – is a fork of ZCash. The goal of ZClassic is to remove the 20% fee associated with the ZCash technology. The developers of this fork feel miners should not receive smaller rewards just because the developers need additional money to keep evolving the project. Instead, ZClassic issues the full block reward to miners and aims to have development funded by the community itself.
Moreover, Zclassic was designed in such a way there is no deliberate scarcity. That is quite different from ZCash, which seems to thrive on issuing fewer coins during the early stages of the ecosystem being embraced by enthusiasts. ZClassic is the first major fork of ZCash, although it is unclear if other forks may make an impact on the cryptocurrency ecosystem over the coming months. There will be 21 million ZClassic coins.


1. ZCash

Most cryptocurrency users have heard about ZCash before. This particular cryptocurrency is well known for a strong focus on privacy, while still allowing for specific transactions to be completely transparent. There is a fixed supply of 21 million coins, similar to Bitcoin. However, the number of coins is distributed at a much slower rate from the start, which creates artificial scarcity. Moreover, it appears 20% of the block reward will automatically be deducted for future development of the protocol.
The main reason people are attracted to ZCash is because of their use of zk-SNARKS to protect the amount and recipient of transactions. It did not take all that long for ZCash to become one of the top-twenty cryptocurrencies. It is also worth mentioning ZCash was initially called Zerocash, but the name was changed later on. Make sure to check out the official Zerocash whitepaper, as it contains a lot of technical information regarding this project.

Great summary, thank you for posting here. The only mod i'd make is that as of now ZenCash is using the same zero-knowledge tech as Zcash...in all fairness to them, their team brought the tech to market by implementing the zerocash protocol. Zcash remains a leader in SNARK R&D and so they are making that tremendous contribution to society; we're starting with that tech primitive and evolving in a different way, focusing on the user experience, network decentralization and end-to-end encryption, and improving the cryptoeconomics of the system with a DAO and compensated secure nodes. We're also focusing hard on secure communications systems as you mentioned with ZenTalk, which is being implemented as ZenChat standalone messenger, as well as embedded 1-2-1 messaging in our Swing wallet. We'll continue to evolve these comm systems since that's a big part of our roadmap. That's all just the starting point...the plan is to evolve other dimensions of the technology over the next year, so stay tuned for a new and improved roadmap as we move to completion on executing the current one

[zuzuca]

this is such a great coin. i want to make a zencash pool to support it.. but, i have noticed that someone is making a flood attack on the network...is just putting too much hashpower , takes several blocks and fucks off leaving us with a incresed difficulty..and repeat..again and again..stupid dickfuck

[VoskCoin]

this is such a great coin. i want to make a zencash pool to support it.. but, i have noticed that someone is making a flood attack on the network...is just putting too much hashpower , takes several blocks and fucks off leaving us with a incresed difficulty..and repeat..again and again..stupid dickfuck

Does this effect only the miners on that pool or does that ramp up the difficulty across the network?

[Stealth8368]

this is such a great coin. i want to make a zencash pool to support it.. but, i have noticed that someone is making a flood attack on the network...is just putting too much hashpower , takes several blocks and fucks off leaving us with a incresed difficulty..and repeat..again and again..stupid dickfuck

Does this effect only the miners on that pool or does that ramp up the difficulty across the network?

this will effect the whole network and increase difficulty

[BossBee]

The IRS has been working with Chainanalysis’ Reactor application to track transactions across bitcoins block chain. The need and shift to privacy focused coins is about to be amplified in the coming months.

https://gcn.com/articles/2017/08/31/irs-bitcoin.aspx

[MedaR]

The IRS has been working with Chainanalysis’ Reactor application to track transactions across bitcoins block chain. The need and shift to privacy focused coins is about to amplified in the coming months.

https://gcn.com/articles/2017/08/31/irs-bitcoin.aspx

This is not a new conclusion for me. Bitcoin failed in most important aspect of ensuring privacy. This emptiness must be filled somehow. ZEN has its own unique approach how to get good share of this. I do not think that ZCASH and Monero are winners for the lifetime. Future belongs to those who can provide more than just secure transactions. In this case, many won't be able to follow progress.

[Oroplata]

Hi, can the Zenchat messaging has a file attachment feature? Can I send a file photo that only me the recipient can view it?

[MedaR]

Hi, can the Zenchat messaging has a file attachment feature? Can I send a file photo that only me the recipient can view it?

No, only messaging so far, but this is not a bad idea, team will consider all good ideas.

[innergy]

IMHO 42 ZEN is too low entry level for a Service Node. Whales would be able to manipulate the whole network..
Make it at least 100 ZEN and a reward ratio miners/nodes/governance at 65%/25%/10%
Nodes are important and they should be well paid.

[MedaR]

The mobile wallet will hit Google play soon!

If you want it now, here's the apk https://github.com/ZencashOfficial/zencash-mobile/releases

Watch this -> https://gfycat.com/sarcasticcanineleopardseal

[MedaR]

IMHO 42 ZEN is too low entry level for a Service Node. Whales would be able to manipulate the whole network..
Make it at least 100 ZEN and a reward ratio miners/nodes/governance at 65%/25%/10%
Nodes are important and they should be well paid.

This is good point, let's wait final decision of a team which will be in correlation with majority, this is sure.

Yes for all those who want to give good example what should be number of coins required for node(or maybe something completely different, but on topic), please explain to us in dept, why do you think so, give us more details. We appreciate every opinion, and every involving in this project!

[yorklab]

IMHO 42 ZEN is too low entry level for a Service Node. Whales would be able to manipulate the whole network..
Make it at least 100 ZEN and a reward ratio miners/nodes/governance at 65%/25%/10%
Nodes are important and they should be well paid.

I believe the idea behind the low buy-in price is to get as many nodes (decentralized) as possible early on. Because of this and the fact that (from what I hear) Zen has been one of the more profitable coins to mine, their plan is working. I’ve seen people on Telegram and Slack who have never mined before asking how to begin.

On the other hand you could have a good point. The founders have said many times that the system is not perfect and they are open to suggestions, they are very accessible on Slack; You could go there and make that suggestion, and give your reasons why. 

[forstik]

Hello guys!

First I will tel you I am great supporter of ZenCash and I feel it'll be a great project. I have been holding coins from the star.
I am noob when it comes to mining and I have a guestion. Do you have to mine zencash in order to set up a secure node or you just rent a virtual server and set up a secure node without mining?
Can someone explain to me in most simplest form . Thank you and have a nice day.

Also interested. Can anyone post (or PM me) some details? Any help appreciated.

[yorklab]

Hello guys!

First I will tel you I am great supporter of ZenCash and I feel it'll be a great project. I have been holding coins from the star.
I am noob when it comes to mining and I have a guestion. Do you have to mine zencash in order to set up a secure node or you just rent a virtual server and set up a secure node without mining?
Can someone explain to me in most simplest form . Thank you and have a nice day.

Also interested. Can anyone post (or PM me) some details? Any help appreciated.

If you can't get the answer here, then try asking the people in Slack, they are very helpful there.

[abdullahtahsin420]

I've joined