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When did Zec come out

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when zec came out

When zec came out Editor’s note: This article is from Xiaozha Xiaodian (ID: xiaonazha88) and is authorized to be reprinted by Daily Planet Bitcoin was the first to enter the mainstream financial market and widely accepted as a means of storing value, so it has now become the world’s largest payment network. However, is it not a currency or a security? Of course, and most people in the market believe that Bitcoin is digital gold, and there is no problem with Bitcoin. But from this perspective, we can see that Bitcoin and Ethereum are still relatively backward in technology, even worse than other public chains. After all, the current currency circle is really fragile

For example, one of the most concerned projects recently is called “ZEC”, which is a new blockchain application platform based on zkRollup technology. Its underlying framework is the transaction privacy protection function realized by Zero-knowledge proof. In addition, there is a new consensus algorithm – Zcash, also known as ZecGold, developed by the zCash team. Specifically:

1. Use Zcash protocol to solve cross-border settlement business of Bitcoin 2. Convert assets such as BTC, USDT, BCH, etc. into Zcash tokens 3. Use zk SNARK technology to ensure that transaction information is not leaked, prevent malicious attacks, and reduce transaction fees and improve efficiency. (Image from Weibo)

About the Development of ZEC: I previously wrote an article titled “Why Do Everyone Like Bitcoin”, which mentioned: “Because many people are using Bitcoin to purchase things, there are various application scenarios. This article mainly mentions that “Bitcoin Cash is a crypto economy” and “Bitcoin cash is a distributed bookkeeping method” are supported theoretically. Everyone can be understood as someone who owns Bitcoin or a group, so there is a need to compare Bitcoin. “Moving forward, this is the bifurcation of Bitcoin, which was also a concept proposed when Bitcoin first appeared. At that time, someone asked if they really had such an idea? The answer is obviously yes, but later on, as more and more people joined, more user demands emerged. For example, the number of users like now will obviously increase, and this growth rate is very fast, and I believe it will continue for a period of time. Since there is no such big threshold, how can more people care about Bitcoin? So what is Bitcoin The first issue discussed in the Bitcoin community is that although Bitcoin itself does not have high security and anonymity, due to its network performance, it is easily attacked by hackers, ultimately leading to the collapse of the entire system Secondly, the core idea of Bitcoin is to establish a trust mechanism and incentive system, based on which improvements and upgrades can be made through code modifications. When there is a conflict between Bitcoin nodes, it will have a series of impacts,

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