By Maujin - 08.03.2020
Find answers to important questions about Zcash, how it differs from other cryptocurrencies like Bitcoin, transaction types, mining, upgrades, community and. What is Staking coins? All blockchains have one thing in common: transactions need to get validated. Bitcoin for example does this in a process called mining.
Zcash is a privacy-focused cryptocurrency.
Image: Shutterstock. In brief The Zcash Foundation plans to bring its zcash staking features to the Zcash staking ecosystem. Zcash staking project will utilize "pegzones" to add an anonymity layer to cross-chain transactions.
This will allow shielding assets, transfers and staking across blockchains. It will be possible to move Zcash from one blockchain to the other.
The Zcash Foundation, a nonprofit organization that develops the Zcash ZEC protocol and privacy-focused blockchain, has zcash staking that its plans to zcash staking privacy to the Cosmos ATOM ecosystemand create a greater connection between the two chains. This will allow Zcash to effectively be moved from one chain to the other.
To achieve that, the project is implementing an Inter-Blockchain Communication IBC protocolwhich facilitates interoperability. The Zcash Foundation plans to utilize buy lol accounts functionality, allowing Cosmos users to send zcash staking receive private and anonymous transactions.
In the zcash staking one, the pegzone will provide tokens backed by ZEC in an existing Zcash staking shielded pool—where coin information is kept private—the foundation noted.
In the second phase, the Zcash Foundation plans to zcash staking a shielded pool to the pegzone itself, providing shielded zcash staking a way of generating new coinsshielded IBC assets and shielded transfers across just click zcash staking source. Zcash staking staking will bring Zcash's privacy features zcash staking the Cosmos ecosystem.
But how far will privacy spread across the crypto ecosystem? Tips Have a news tip or inside information on a crypto, blockchain, or Web3 project?
Email us at: tips zcash staking. For the best experience, top crypto news at your fingertips and exclusive features download now.
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