ZeCash: New generation coin

We are all accustomed to hearing about crypto-currencies, as a fairly good way to invest our money and get a stable profit due to cryptotrading on stock exchanges and the use of other tools. But in the very concept of crypto-currency, much more is implied - the implementation of fast, reliable, safe and anonymous transactions in the blockroom.

Not so long remains until the day when participants in the crypto-currency market will celebrate the ten-year existence of crypto-currencies as such. During all this time, the world saw a lot of coins, which began to be called altoquines after the first coin - bitcoin, the appearance of which became associated with the first generation of blockade and crypto currency.

The next generation of crypto and lockboxes - generation 2.0, the world saw, thanks to the appearance of such a company as Ethereum, which presented to the participants of the crypto-currency market, firstly, a promising new coin - ether, and, secondly, developed a solution that eventually found its application and became actively used in various spheres of life - smart contracts.

Today we will talk about a project that will become something much more important than decentralized platforms and other solutions based on blockbuster technology, smart contracts and crypto currency, because this time it is aimed at creating a completely new coin, which will be called ZeCash Coin ( ZCH) and will become a vivid example of a new generation of crypto currency after Bitcoin and Ether - coin generation 3.0.

In this article we will find out what the project and features of the ZeCash coin are, which will be the result of its implementation, in the next one - let's talk about the essence of selling tokens within the project, their wallet and the protocol that will be created together with the new crypto currency, and in the final part of the review compare the coins of the old and new generation - we will discuss the difference between ZeCash Coin and bitcoin, as the first of its kind crypto currency.

Objective of the project

The team in its technical documentation emphasizes that it does not set itself any sky-high goals and does not make big promises. Their task is to create a ZeCash Coin coin, and with it to improve the mechanisms that existed in the field of using crypto currency before that time - from the time of the appearance of bitcoin to the launch of the ZeCash project itself. 

The new coin is intended for wide use both in the process of making personal payments, and in the areas of e-commerce, online business in general and retail stores. The bottom line is to simplify the process of using crypto currency in these areas and to increase the efficiency of their use.

Tasks

The result that ZeCash creators want to achieve will be displayed in the following achievements and innovations:

1. The release of the new crypto currency is the coin ZeCash Coin, transactions and work with which will be much cheaper, faster, safer and more reliable than those that were implemented even with the most popular crypto currency in the world - bitcoin
2. ZeProtocol is Proof of Stake (PoS) protocol, the main advantages of which are the highest level of security and much less damage to the environment than with Proof of Work (PoW)
3. ZeWallet - crypto-currency purse for Windows and Linux operating systems, mobile phones based on iOS and Android, as well as its web version. The purpose of its creation is the ability to conveniently exchange between ZeCash Coin and other coins
4. The possibility not only to mop the crypto currency, but also to "coin" the coins. The very notions of "mine" and "minting" (mint) coins are conditional names, and the difference is in the procedures themselves. Participants will be able to produce crypto currency with stable profit and low commissions
5. ZeAnon - a protocol through which it will be possible to achieve a truly maximum level of anonymity using various techniques that can be used for this
6. The maximum transaction speed, which allows users to perform transactions with the crypto currency at the proper level and excludes the possibility of transaction delays, as is often the case with the same bitcoin or ether.

In the next article we will continue to talk about what ZeCash Coin is and why it is needed , so you will find a lot of interesting things, including the release of tokens within the project, the ZeWallet crypto-currency wallet, the essence of the Proof of Stake protocol, its capabilities and advantages over Proof of Work. 

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