In the last part of the review, we talked about what the goals of the ZeCash creators team are by organizing a project to create a new crypto currency - ZeCash Coin, which will become the embodiment of the blockbuster generation 3.0. Transactions with this coin will be at times safer, faster, with the maximum level of anonymity, the absence of transaction delays and the possibility of mining and miniting with low commissions and a stable profit.
In this part of the review we will discuss the essence of the release of ZCH tokens, the capabilities of the ZeWallet crypto-currency wallet, as well as the features of the next generation Proof of Stake (PoS) protocol and its advantages over the Proof of Work (PoW) bitcoin generation protocol.
ZCH Tokens
ZeCash is the same blocking project as everyone else, in terms of crowd-hosting by publicly selling its own ZCH tokens, the proceeds from which will go to further implement all the plans of the project's creators. ZCH is compatible with the ERC-20 standard, and it can be purchased using BTC, ETH, LTC, XMR, DASH and BCH.
Participation in the Crowd's ZCH Token is a guarantee of successful co-ownership of ZeCash Coin coins, since once they are officially released, tokens purchased during the ICO at a price of $ 0.10 (not including bonuses) can be exchanged for coins, thereby becoming participants in the crypto-currency market of coins a new generation - ZeCash Coin.
Crypto-currency wallet
ZeWallet is one of the products that will be launched within the project. As we said in the first part of the review, it will be available for access to the maximum number of devices - both on PCs on Windows and Linux operating systems, and on iOS and Android smartphones, and as a web platform.
Fortunately, the web version of the wallet is available now, so we did not miss the opportunity to test it and look at its current capabilities. The most interesting is that everyone who creates their wallet in ZeWallet will be able to purchase ZCH tokens with a bonus of 10%, including in the early stages of the ICO.
The main ZeWallet control panel shows the amount of tokens on the user's account, their number in the transaction delay, and the total volume of tokens on the market.
Already now in the Buy ZeCash Token section you can use a calculator that demonstrates exactly what crypto currencies can be used when purchasing ZCH tokens, what exactly the amount of tokens will be received by the user when investing a specific dollar amount, as well as the ratio of ZCH to other crypto-currencies and the current rate of BTC and ETH.
In addition, ZeWallet allows you to open a premium account, track transactions, display ZCH tokens in a convenient way, and participate in the referral program by copying a unique link and distributing it among potential participants of the crowdsdale. For such assistance in the ICO, the participant receives a 5% bonus from the amount of tokens purchased by each invited referral.
PoS Protocol
The concept of the Proof of Stake protocol is that each new block for crypto currency is created by a randomly selected user, relying on a combination system, taking into account age or success.
The main difference from Proof of Work is that the decision to select a block is not based on the size of the user's balance, because such a scheme works actually dishonestly, giving advantages to those on whose purses the largest amounts are.
A significant disadvantage of mining bitcoin, which was used by PoW, is the high expenditure of electricity, and in this connection, under certain conditions, mining often does not bring profit, not covering expenses for electricity and equipment.
The use of PoS is much less energy-consuming, due to which the participants of the crypto-currency market have the opportunity to receive a stable profit, not only due to the mining that was used in PoW, but also with the use of minings, which is a distinctive feature of PoS.
In the next part of the review, let's sum up the project with a high potential for creating a successful crypto currency , so finally we will tell you about what the new coin ZeCash Coin with the PoS protocol will differ from all the known Bitcoin built on the PoW protocol, and which ZCH will have the advantages .
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