Zero Cash Write For Us
A blockchain and cryptocurrency privacy technology called Zero coins was developed to solve Bitcoin’s lack of privacy characteristics. Users can combine their coins with improved privacy features using the Zerocoin protocol, which functions as a Bitcoin extender. The Zero coin development team worked with the Massachusetts Institution of Technology (MIT) cryptographers to further enhance the Zerocoin system into the Zerocash protocol.
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What is Zero Cash?
Compared to the Zerocoin system, the Zerocash protocol was designed to be more effective and offer excellent privacy features. Users could send direct, private payments while keeping the amount of their payments a secret, thanks to the Zerocash protocol. The Zerocash protocol continued to be worked on by the development teams, who eventually turned it into the fully functional cryptocurrency ZCash.
Zcash allows for two different kinds of transactions: pour and mint. Pour transactions let users conduct private transactions by using their coins to create new ones that show the serial numbers of the old coins but conceal any information about their former owners. Pour transactions can generate non-anonymous Bitcoins as well, which can be used to convert zerocoins into Bitcoins or cover transaction costs. Users can convert non-anonymous Bitcoins into anonymous zero coins using mint transactions, with the coin’s value having a defined value set at its creation with a unique serial number and sending them to a specific address in zero coins. Using an SHA-256 hash method, the pledge to create a zero coin from Bitcoin conceals the coin’s value and owner’s address.
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