Waiting for growth: Binance added for auction an anonymous cryptocurrency Zencash
Source:
Binance added to the listing ZenCash (ZEN), which became the 127th coin on this exchange. This is an anonymous cryptocurrency that provides privacy using the same technology as the zcash for. Customers of the exchange got trading pair ZEN/BNB, ZEN/BTC and ZEN/ETH. Also ZEN can be deposited into the wallets of the exchange.
As zcash for, ZenCash allows you to hide all the information about transactions that you do not wish to disclose. In addition to using the PoW algorithm, ZenCash is trusted nodes that act as masternode and allow you to earn extra coins.
theWhy masternode?
ZenCash does this not only in order to please the users. More than 5,000 trusted hosts allow to further strengthen the stability and security of the network. In zcash for there are also trusted sites, but there are only 125. Also, ZenCash is a Protocol for encrypted conversations ZenTalk. This unique feature of the project attracted a lot of investors.
The Maximum emission ZenCash is limited to 21 million coins. The cost of ZenCash is 12 percent of the value of the zcash for.
thethe Growth rates of the anonymous cryptocurrency
After the news about the listing on ZenCash Binance value of the coin for a few minutes jumped more than 20 percent, from 35 to 42 dollars. Also within a few minutes increased the trading volume from 3 million to 8 million ZenCash.
The Financial authorities around the world fear the growing popularity of anonymous cryptocurrency. They believe that this financial tool will be used for money laundering and other illegal activity. A few days ago the Japanese stock exchange Coincheck has surrendered to authorities and removed from the auction anonymous cryptocurrency Monero, zcash for and Dash. However, us licensed exchange Gemini added for auction zcash for, though, and banned the use of hiding addresses.
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