Introduction
ZenCash is an end-to-end-encrypted system with zero-knowledge technology over which communications, data, or value can be securely transmitted and stored. It is an integration of revolutionary technologies that create a system over which innovation can accelerate by combining three functions that are traditionally done separately:
- Transactions
- Communication, and
- Competitive governance.
This is done in a secure and anonymous manner, using a worldwide distributed blockchain and computing
infrastructure.
History
Zen builds on the heritage of the best cryptocurrencies, network architecture, and distributed file sharing systems in existence by incorporating both existing as well as new features to yield a solid foundation designed for long term viability. Just as important as our technology stack, we’re building on the latest ideas in distributed consensus and
competitive governance. Some of the foundations of our project come from Bitcoin, Dash, Decred, and Seasteading.
It is launched at January 1,2017 with an Opening price of 10.7$ and Market Cap of 23,967,400$..The Market have several ups and down the this coin has a low value of about 5.66$ and Market Cap of 11,998,239$.There are some stats of this coin :
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What's Special !!
There are some specialties about this coin which differs it from other coin.I will try to explain some ....
DAO Funding (Mining Reward)
The Zen system will have at least one DAO funded by a portion of the mining rewards,which means that at each transaction of this coin and mining a specific amount is given to the community (development Team) which is a source of continuous funding for further improvements and developments for this projects.
Our DAOs will be responsible for building, maintaining, and improving the infrastructure that keeps the system going. It is also responsible for implementing changes to the Zen software applications, and is flexible enough to accommodate other community priorities,such as community outreach, marketing, training, etc
Unique Voting System
Each DAO will have its own structure, processes, and priorities, but one consistent mechanism will be a system of free and open proposal submissions for work and an evaluation and award process. There is no reason to specify how this happens, only that it should happen. This is an open community to all of humanity, so there should be no barriers to
participation. One proposed method for our initial DAO is as follows:
- Vote every two months. Proposal submission deadline two weeks before voting. Voting
dates: Jan 31, Mar 31, May 31, July31, Sept 31, Nov 31. - Proposal submission opens day after vote.
- Veto – core team may veto a proposal within 7 days of a vote with a unanimous core
team veto (this should almost never be done). - Proposals can be funded in the ZenCash equivalent of the local fiat currency on the
date of the vote (prevent Dash issue of rapid rise leading to project rejection). - Voting done with tokens. 1440 voting tokens distributed 1 month before vote.
- Most decisions done by majority vote > 720 token holders voting yes.
- Some decisions by supermajority vote > 1080 token holders voting yes.
No Other Coin has introduce such voting system and it is unique in it,s own.
Why Hidden Treasure ?
Moving towards the most important topic that why we think that it is a hidden treseaure so far .I am giving Some Reasons and facts...
1) ZenCash and IOHK Partnership
This is a huge news about the ZenCash that it has a Partnership with IOHK(Leading blockchain R&D company).The IOHK is an Organization that Provides .
- Governance and Protocol Level Treasury System
- Scalability Study
- Network Stack Anonymization
This is the same Organization that has a partnership with Etherum and Litecoin. So we can think how big this Milestone will be. You can find more about IOHK at :
Link : https://iohk.io/
2) Node Staking System Hard Fork ( May 2018 )
As mention in the new whitepapers of ZenCash it is mentioned that there will be an upgrade of Zencash on Blockchain which means their will be an hard fork of ZenCash. This hard fork can cause a huge prize bump. Although the team is hiring new developers for new projects which can keep attention of the people.You can find out more details at : -
Link : https://zencash.com/assets/files/Zen-Application-Platform-Whitepaper.pdf
Future of ZenCash
Forecasting is a challenging exercise, but we see a bright future for Zen and the peaceful and productive ecosystem. We believe that the decentralized, fully inclusive, voluntary, and flexible organization we’re creating will be seen as obviously superior in thefuture compared to the static, centralized, one-size-fits all versions perpetuated in the 20th
century.
The next one to two years will see this vision come to fruition in our early organization
by executing the Roadmap. There will certainly be challenges along the way, but flexibility
and peaceful cooperation consistently overcomes seemingly insurmountable issues.
Note : (This is my personal research I am not a financial adviser.According to my Opinion the right time to buy these coins are when they are in a dip.The more news about these coins are coming and market works according to news and FUDS. You can make your own research before buying).
Exchanges
Cryptopia : https://www.cryptopia.co.nz/Register?referrer=Ghost_Light
Binance : https://bittrex.com/
Credits : https://zencash.com/
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