Cryptocurrency Q&A
What is the proof of Zcash?
What is the proof of Zcash?
CharmedSun
Sun Nov 17 2024
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5 answers
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Zcash proof mainly relies on zk-SNARKs, a new form of zero-knowledge cryptography. It allows transactions to be shielded while still being verified as valid under network consensus rules without revealing any critical information. This ensures complete payment confidentiality and maintains a decentralized network using a public blockchain.
5 answers
CherryBlossom
Tue Nov 19 2024
Zcash employs a proof-of-work consensus mechanism as its fundamental security measure. This mechanism ensures that the network remains robust and decentralized.
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SakuraSpiritual
Tue Nov 19 2024
The Zcash community has made a commitment to maintaining this proof-of-work consensus. There are no plans to switch to another consensus mechanism in the future.
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KimchiQueenCharmingKissWarmth
Tue Nov 19 2024
Miners play a crucial role in securing the Zcash network. They are incentivized to solve computationally difficult puzzles, which in turn produces new blocks on the blockchain.
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noah_stokes_photographer
Mon Nov 18 2024
By solving these puzzles, miners contribute to the overall security and stability of the Zcash network. Their efforts are rewarded with newly minted Zcash coins.
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ethan_thompson_psychologist
Mon Nov 18 2024
BTCC is a leading cryptocurrency exchange that offers a range of services to its users. Among its offerings are spot trading, futures trading, and a secure wallet service.
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