Overview: ZenCash (ZEN) the Private Platform for Money, Messages and Media. Should you invest?Overview: ZenCash (ZEN) the Private Platform for Money, Messages and Media. Should you invest?
Zencash is a both public and private cryptocurrency that also include secure messaging application, anonymous publishing of data and private browsing.
Zencash is an evolved form of ZK-SNARK technology. It is a direct hard fork from ZClassic
The governance of this project will be done through a Decentralized Autonomous Organization structure, which is funded by a portion of mining rewards.
The 4 main aspects of Zencash are:
1. ZenCash that allows for easy transfer of value by using regular (T) and private (Z) addresses.
2. ZenChat which is a secure messaging application on the market and can be used as a standalone product or embedded within ZenCash Wallets.
3. ZenPub gives users the ability to anonymously publish data, documents, and media in a way that is resistant to censorship (in development)
4. ZenHide allows for domain fronting is a versatile censorship circumvention technique that hides the remote endpoint of a communication (in dev)
ZEN is the native token running in the Zen Ecosystem.
The main purpose is transfer and store of value. T addresses are regular addresses and transactions similar to Bitcoin. Z addresses are called shielded addresses and leverage the latest privacy technology to obscure sender and recipient addresses, as well as amount sent.
For ZenChat channel communication costs a minimal amount of ZenCash to prevent clutter and spam. The use case will probably be similar in ZenHide and ZenPub.
https://www.youtube.com/watch?v=rnlKAPW8mPo
