[ANN][ZEN] Horizen: Unbounded By Design

[dumedoiiph]

ZenCash is now the largest node network w/ nearly 16K nodes! This makes us resilient to hacks, power failures, & interference in our voting system. The network is integral in deploying dApps by harnessing large amounts of computational power & bandwidth.

https://zencash.com/technology/

Congrats ZenCash by hitting 16k nodes totally in the network.
These massive number of nodes can do both important things: keep the health of ZenCash network, and can be used for computational purposes as you stated.

[1713532519]

1713532519

[1713532519]

1713532519

[MedaR]

Update On Potential Changes To ZenCash Mining Algorithm

https://blog.zencash.com/update-on-potential-changes-to-zencash-mining-algorithm/

[MedaR]

ZenCash is now the largest node network w/ nearly 16K nodes! This makes us resilient to hacks, power failures, & interference in our voting system. The network is integral in deploying dApps by harnessing large amounts of computational power & bandwidth.

https://zencash.com/technology/

Congrats ZenCash by hitting 16k nodes totally in the network.
These massive number of nodes can do both important things: keep the health of ZenCash network, and can be used for computational purposes as you stated.

ZenCash is now the largest node network with over 17,000 nodes! This makes us resilient to hacks, power failures and prevents interference in our voting system. The massive network is integral in deploying dApps by harnessing large amounts of computational power & bandwidth.

Having many nodes is essential to a safe and secure network. Nodes ensure that all of ZenCash’s consensus rules are being followed and can reject blocks that do not comply with the rules. In many ways, nodes are even more important than hash power because they ensure that actors are behaving properly.

ZenCash Updates, if you subscribe you can get latest information via mail.

[MedaR]

Hey, I have discovered a secret maybe. The new brand name
ends with EN letters

Who wanna bet some zen? 

Do you mean that Zencash is planning to rebrand? I actually like Zen very much, not sure that it would be a good idea to change it.

Well, in case of Dash this was very wise move, there's no denying.
Many of us are completely accustomed to use "ZEN" but if this can help expanding of project, then we should follow logic.

Curious about the brand expansion? Read more here!




 https://blog.zencash.com/zencash-brand-expansion/

[MedaR]

Small update on project progress in case you didn't watch biweekly update.

[dmwardjr]

Rolf Versluis (also known as BlockOps) is co-founder and Special Advisor of ZenCash.  

I agree with Rolf's opinion on not really such a thing as ASIC/FPGA Resistance.  However, there most certainly is such a thing as ASIC/FPGA EVEN KEEL.  Meaning, ASIC's and FPGA's are put on pretty much an even keel with GPU's at a ratio of 1.1 to 1.0 or 1.2 to 1.0 at best for ASIC's and FPGA's.  Especially, with PROG Proof of Work.  He mentions PROG Proof of Work in a comment below in purple.  He also mentions GPU miners coming over to ZENcash [If there was a fork] to "...use our wallets... which would be good overall for the project."
What disturbs me is the many times [While discussing ASIC's] he said, "...to be category leader."

I wonder which is more important:  

Is it more important to become category leader of an ASIC/FPGA coin mined by fewer people and therefore creating a smaller "centralized" community and slow growth in the size of that community?

 - OR -

Is it more important to increase the number of people mining to make ZENcash more secure and DE-centralized; WHILE increasing the SIZE of the community with more people having the opportunity to get involved and mine with GPU's?

Rolf Versluis made the following statements in a recent notification update for ASIC Resistance:

"The way to become a category leader for an ASIC is to first become a category leader in an Algorithm. Zcash is, right now, the category leader in Equihash with parameters N=200 and K=9. There are multiple ASIC miner vendors for that algorithm, further securing the Zcash blockchain."


"By making the change, ZenCash would have a chance, over the next year or so, to become the category leader in Equihash 144, 5. Depending on what the ASIC manufacturer’s decide, they might build an ASIC miner for Equihash 144, 5. At that point ZenCash would have the opportunity to be a category leader in an algorithm mined by ASIC’s. That would be a good position to be in from a project security standpoint."


"If Zcash announces that they intend to change to a different Algorithm than Equihash with parameters of 200, 9, that opens up an interesting possibility for ZenCash. There are already multiple ASIC mining vendors for that algorithm. If ZenCash stayed on that algorithm, then when Zcash made the change away from it, ZenCash would have the opportunity to be the category leader in that algorithm."


Rolf Versluis (also known as BlockOps) also said the following:

"It’s also worthwhile to look, longer term, to change to an algorithm that is more balanced between CPU, GPU, FPGA, and ASIC. The most balanced algorithm between GPU and ASIC in production right now appears to be Ethash. There are other algorithms in development, including Prog-POW and Merkle Tree Proof (MTP), that may be even more balanced between CPU, GPU, FPGA, and ASIC. One of the reasons for making this change is to give as many different people the opportunity to mine ZenCash as possible, expanding the community. This type of algorithm might be a good one to change to at the same time that ZenCash potentially changes from blockchain to blockDAG."

"In the mining world, there are many miners who have GPU miners that are finding it unprofitable to mine either Zcash or ZenCash, because of multiple factors, one of them being the entry of Equihash ASIC miners into the marketplace. If ZenCash were to change to a version of the Equihash algorithm with parameters 144,5 that can not be currently mined by ASIC, there would be many GPU miners that were mining Zcash that would change over to mining ZenCash. They would then use our wallets, evaluate the potential of retaining mining earnings for Secure Nodes, and find out more about ZenCash, which would be good overall for the project."



Which is more important:

Is it more important to become category leader of an ASIC/FPGA coin mined by fewer people and therefore creating a smaller "centralized" community and slow growth in the size of that community?

 - OR -

Is it more important to increase the number of people mining to make ZENcash more secure and DE-centralized; WHILE increasing the SIZE of the community with more people having the opportunity to get involved and mine with GPU's?

We've already seen ZCash fall prey to ASIC's and give in.  We'll soon find out if ZEN will do the same.  Unfortunately, I'm not liking what I'm hearing at the moment with this so called, "category leader" stuff.  

I do like knowing he sees the logic with GPU miners coming back "They would then use our wallets, evaluate the potential of retaining mining earnings for Secure Nodes, and find out more about ZenCash, which would be good overall for the project."  However, does he think GPU miners will stay and support the network by getting involved with secure nodes and super nodes when ASIC's are made for 144.5 parameter and he fails to change the algorithm to something like PROG PoW to put ALL HARDWARE on an even keel?

It seems like it's still up in the air and more 50/50 in regards to an algorithm like PROG PoW to put ALL HARDWARE on an even keel.  Yes, I do believe there will be a fork to at least 144.5.  I'm concerned about what they do afterwards.  Cause like he said, there will be ASIC's on 144.5 eventually.

I "KNOW" there is a LOT involved with transitioning over to another Proof of Work that would make ZEN more open to more miners by putting ASIC's and FPGA's on an EVEN KEEL with GPU's.  I'm sure the task may seem daunting.  However, I ASSURE YOU, it will pay great dividends down the road if ZEN would change their Proof of Work to put ALL HARDWARE (GPU, ASIC and FPGA) ON AN EVEN KEEL.  This way, everyone is happy.  There are people living in countries that have actually banned crypto mining ASIC's.  They don't ban GPU's.  Everyone would be happy if ZEN switched to an algorithm that puts ALL HARDWARE on an EVEN KEEL.

I hope ZEN can see the great opportunity laid before them.  They have a great roadmap and only need to increase the size of the community to take part in their vision.  Accepting ASIC's will NOT expand that vision to multiple users on a grand scale.  I assure you it won't.  If GPU's were put on an even keel with ASIC's, then we could truly see ZEN begin to grow astronomically while other alt coins are still struggling to exist.

That's my two cents.

David

[Anarchist]

ZenCash is a relatively excellent project, the current encrypted currency market is in a bear market, and the price of ZenCash has fallen a lot, but the future development is still worth looking forward to.

If talking to the current circumstances, anonymity is very difficult, most of the exchanges has implemented KYC.

Not so difficult. The problem is people don't want to use a decentralized exchange. People create all kind of tools for anonymity since decades but people keep to use the same centralized tools.

[jperser]

Rolf Versluis (also known as BlockOps) is co-founder and Special Advisor of ZenCash.  

I agree with Rolf's opinion on not really such a thing as ASIC/FPGA Resistance.  However, there most certainly is such a thing as ASIC/FPGA EVEN KEEL.

I agree that there is no such thing as ASIC/FPGA Resistance.  How about ASIC/FPGA impractical? uneconomical?

I saw a new algorithm supported by z-enemy called Hex.  To make a Hex ASIC/FPGA, you would first have to implement each of the 16 algorithms in hardware, then make a sequencer to select a different algorithm every block.  The transistor count would be 16 - 20 times that of a current ASIC/FPGA.  Why would a ASIC/FPGA manufacturer sell one miner at an increased cost when it can sell 16 different miners?

Hex is the first algorithm I have seen that is the closest to ASIC/FPGA Resistance as can be.  The coin using it is another masternode shitcoin with a few other original ideas.  Long term I don't see a use for this coin, but my mining revenue is higher than whattomine.com for the first time this year.  And 46.6% more revenue than mining Zencash.  Now I need to find an exchange to convert XDNA to ZEN 

[Ginzink]

Really excited to see we may be looking at a new algo in October to allow asic resistance. Will do a reevaluation if zen is to be mined then

[Verigus]

ZEN rank #75 in Coinmarketcap

[LeGaulois]

ZEN rank #75 in Coinmarketcap

Dude you are very late. Zencash jumped on the first page of coinmarketcap a while back now 
Pretty sure I will be in the top 50 by October

[MedaR]

ZEN rank #75 in Coinmarketcap

Dude you are very late. Zencash jumped on the first page of coinmarketcap a while back now  
Pretty sure I will be in the top 50 by October

Number of locked coins in nodes increase everyday, this influence price stability in this berish period.
Also our position at Coinmarketcap is solid at the moment.

[Conasse]

Hey
I discovered Guarda Wallet in the lastest Zencash Bi-weekly update on Youtube. https://www.youtube.com/watch?v=8LUG_PEXZoA
It will be awesome to see Zencash added in. Their products look great. I will give it a try when Zencash will be in

[MedaR]

What Does the Future Hold for ZEN? @Crypto Tips



https://www.youtube.com/watch?v=g9vu2hiIU5E&feature=youtu.be&t=5

[LeGaulois]

ZEN rank #75 in Coinmarketcap

Dude you are very late. Zencash jumped on the first page of coinmarketcap a while back now  
Pretty sure I will be in the top 50 by October

Number of locked coins in nodes increase everyday, this influence price stability in this berish period.
Also our position at Coinmarketcap is solid at the moment.

Yeah I noticed the position it doing good for several months. It comes gradually but when it's here it never goes back.
I am still surprised by the number on nodes there are actually, and this in a short period of time. Imagine if Zen was 5 years old

[larykouch]

ZEN rank #75 in Coinmarketcap

https://i.imgur.com/Jwato6m.png

already 72 rank . here I think to take some money or not ) say what ? site like looked, like like like like like but doubt

[MedaR]

Davit talking all things ZEN with CryptoTexty(Flodner at Bitcointalk):

https://www.youtube.com/watch?v=uTU4E5Gp9jY&t=1s

[Flodner]

Davit talking all things ZEN with CryptoTexty(Flodner at Bitcointalk):

https://www.youtube.com/watch?v=uTU4E5Gp9jY&t=1s

Thanks! And just to add - that particular restaurant (Shato) on the main street of Kyiv accepts cryptocurrencies including ZEN (the bill from there I shared here a while ago)

[MedaR]

Panda is now available in Europe with ZEN/EUR pairing!



https://panda.exchange/

[MedaR]

Watch our very own ZenHelp team member, Nate, talk about his experience at Zen



  https://t.co/96p0StVmtJ