General Zcrypt F.A.Q.
Zcrypt aims to increase and sustain personal privacy, focusing on financial anonimity and decentralisation.By guaranteeing financial privacy, Zcrypt can help ensure freedom of commerce. People should be able to transact however they want, as long as it does not infringe on the well-being or individual liberty of others. We are also strong believers that freedom of commerce also facilitates peace and prosperity across countries and cultures. By guaranteeing financial privacy, Zcrypt can directly guarantee fungibility, an essential property for free commerce.
We know we can’t change the world but we are aware of the chance of revolutionizing our financial indipendence and privacy with a new generation of Cryptocurrencies!
How do Zero-knowledge cryptographic proofs ensure Zcrypt’s anonymity?
Zcrypt’s zero-knowledge proof makes a cryptographic statement. When someone is sent Zerocrypts, the person only knows that X amount of money was sent to their wallet. Unlike Bitcoin, there is no other unintended identifying information about the sender and receiver. Zero Knowledge proofs ensure that there is zero information leakage about the sender and receiver of a transaction. However is still possible for users to make “clear” transaction which will not be hidden and thus traceable. To make Z transactions (which are the anonymous ones) you simply need to convert normal coins to anon coins with a single click in your wallet. Simple, fast, user-friendly & anonymous. Full tutorials will be released upon launch time.
I’ve read Zcrypt will be a PoW/PoS hybrid, while all the other zero-knowledge coins are pure PoW mineable. Is it true? And why you made this decision?
Yes, Zcrypt will introduce a new kind of PoS, called Proof of Zero (PoZ for the crypto addicts) in the first quarter of 2017. Althought Zcrypt will be launched with only PoW mining we have scheduled a low blockreward in order to protect the value of coins purchased by our ICO Investors. The PoW phase will last about 1 month while we head to full PoZ conversion in early 2017. PoW will give the chance to non Investors users to earn some ZXT with mining but the total coins produced by PoW will not be more than 1M.
We choose PoZ over PoW mining because it is more suitable for the low/medium computer user consumer. We know that the best tech without proper mass adoption could lead to disatrous pathways. That is why we are giving priority to enhance Zcrypt mass adoption and user-friendliness with a proper democratic method of consesus: Proof of Zero. PoZ is an evolution of actual PoS, with the main difference that is capable of Zero-Knowledge transactions. No other cryptocurrency has implemented this kind of technology yet , confirming Zcrypt on top of innovation development in Blockchain fintech market. Moreover PoZ gives every users the chance of earning interest over their owned coins, just as standard Proof of Stake. Last but not least PoZ is far away more cheap than PoW, in term of power & processor consumption.
That’s why you should not miss he chance of buying Zcrypt ICO instead of wasting electricity, time and money in mining ;)
When is Zcrypt main net launch?
Zcrypt Main net launch is scheduled for 21 of December. Zcrypt wallets will be released after 6 days from ICO end scheduled time, which is the 15th of December 2016.
As specified in ICO f.a.q., in the event of ICO early sold out, trading will be enabled on C-cex.com exchange just after.
