ZenCash is an ambitious altcoin project that began as a fork from ZClassic last summer. The coin has had a lo of development and is modeling their DAO very much like the Dash model: PoW/PoS hybrid with a Governance system for their Treasury. It has grown a large network of secure nodes in its short history.
As a Z protocol privacy coin, it offers their users a zk-SNARKS privacy option secured by a PoW/PoS hybrid mining algorithm and shows pomise as a rising DAO altcoin. There are some important differences in ZenCash DAO model when compared to Dash.
ZenCash uses the Equihash hashing algorithm for its PoW and has consistently been popular with miners because of its ROI. Its ROI is competitive with other Z protocol coins so it enjoys a solid sol/s rate to secure the PoW side of its coin generation.
On the PoS side, ZenCash has some important differences when compared to Dash. It has a very low entry barrier to run a secure node of 42 ZEN. Currently less than $2K. Running a Zen node is a bit trickier than running a Dash Masternode and most investors will choose to go with a VPS to host their node as their secure node also requires a domain be registered to the node. (This of course can be a subdomain.) Their secure node setup requires a minimum 64 Bit processor with 4 GB of RAM, if someone should choose to run a secure node, a Linux computer or server with VPN will be required to run the node. Current returns users are getting are about 0.04 ZEN a day paid out weekly, although as more secure nodes are added to their network, this reward will go down. They are approaching 7000 secure nodes for their network, which guarantees a robust, decentralized PoS solution for that part of their coin creation.
The biggest difference with ZenCash' DAO model, when compared to Dash, is that the Governance/Treasury system is handled separately from its Core funding. The Zen Core team is guaranteed their percent of coin creation during the coin creation governance period, whether they require extra funding or not, unlike Dash, where the Core team is funded from the Treasury and subject to approval and scrutiny from the Master Node network. In this way, ZenCash has returned to something of a model like ZCash, which has a founders reward model.
As an investment, ZenCash has enjoyed a relatively stable fiat valuation over the last few months, which is sure to make it an attractive option for merchant adoption as the project matures. Running as a DAO, with a low investment barrier to run a secure node is sure to grow their network. It is encouraging to see other solid projects adopting the DAO model.
YOU READ THIS FAR?
Congratulations, let me share some important links for setting up a secure ZEN node
77 Page Wiki - build from source, one page Option Two at the end of 75+ pages of commands.
https://blockoperations.com/how-to-build-and-operate-a-zencash-secure-node/#securenodetracker
Steemit article with script:
https://steemit.com/zencash/@rnkhouse/zencash-secure-node-script
Geeks! Build from source here to save a lot of BS: