About KZCASH
KZCASH is the first and the only true minable decentralized coin launched in Kazakhstan and Middle Asia. Using a proven X11 hash algorithm with 11 types of encryption provides the highest level of reliability, and hybrid mining allows to combine high transaction processing speed and low commission cost.
Initially project was launched as a regional cryptocurrency, aimed to revive “The Great Silk Road” on blockchain, but currently become popular all over the continent and overseas, making up a community of more than 10 000 people from 40 countries.
KZCASH SECURITY
Consesus in KZCASH is securely reached with a principle ‘Proof of Work’, based on a chained hashing algorithm X11. X11 is uses 11 different algorithms, consistently participating in calculations. These are: blake, bmw, groestl, jh, keccak, skein, luffa, cubehash, shavite, simd, and echo.
KZCASH ADVANTAGES
The project was presented at 5 specialized international Expos, including Cryptocurrencyworldexpo in Warsaw (December 2017) and Berlin Summit (March 2018) in Berlin.
KZCASH is a member of the Kazakhstan Association of blockchain and Cryptocurrencies (kabc.kz), currently consulting International Financial Centre Astana for blockchain and cryptocurrency regulation in Kazakhstan.
Recent partnership with leading European crypto-developers will bring soon revolutionary solutions for the coin implementation in real businesses (especially SME trade companies).
The Project also plans broad R&D blockchain programs together with local and regional IT companies.
The Project will add all major world languages support – Chinese, Hindi, Arabic, Spanish.
DECENTRALIZED AUTONOMOUS ORGANIZATION (DAO)
Cryptocurrencies are decentralized. From one hand, that is wonderful: nobody puts conditions, controls Your money or making profit on it. But how can the problem of network development and further improvement be solved then? Who will pay for it?
KZCASH economy is organized so that 10% of block reward (new coins) is reserved by the system and is intended for the Organization (network) development. In average once a month there is voting on how to spend this money. Everyone can give an idea.
Thus, the system is providing money for development. KZCASH is a self-sufficient decentralized network that is developing and is not depending on anyone.
How to participate in DAO (Guide) - https://drive.google.com/file/d/1AMp57DdjuA6LMc_iyaZIVo8LZUTHYcF0/view?usp=sharingREWARD STRUCTURE
Every time a block is mined, 45% of the reward goes to the miner, 45% goes to a masternode, and the remaining 10% is not created until the end of the month.
During the month, anybody can make a budget proposal to the network. If that proposal is approved by at least 10% of the masternode network, then at the end of the month a series of "superblocks" will be created.
At that time, the block rewards that were not paid out (10% of each block) will be used to fund approved proposals.
The network thus funds itself by reserving 10% of the block reward for budget projects.
GENERAL INFORMATION
Coinmarketcap:
https://coinmarketcap.com/currencies/kz-cashOfficial website -
https://kzpool.comKZCASH BLOCK EXPLORER -
https://chain.kzpool.com/Source on Github -
https://github.com/kzcashteam/kzcash/releasesOfficial Twitter account -
https://twitter.com/KZCash_OfficialTelegram wallet:
https://t.me/KZCashBotOur Pool is ready for mining!
https://mining.kzpool.com/The Team of KZCASH has prepared a new official guide on Masternode installation
with a cold-wallet scheme for Windows/MacOS & Linux VPS.https://docs.google.com/document/d/1asF54kvymNvopuSBFCoPUWbRrfvwRsZhovsyZ1mubqI/editBUY and/or SPEND
More Exchanges ... SOONJOIN US!
Need help? Want more details? Have ideas? We are an inclusive and growing community. Come on in!
