Topic: [ANN][ZEN] Horizen: Unbounded By Design - page 241. (Read 217192 times)

Hello, newbie here.

If i set up a secure node with 100 Zen, can you estimate how much will be the reward?

Thank you.

Wrong.
The count of the nodes doesn't depends on the entry level but on the expected annual income. I doubt there will be many at 3.5% block reward.
The different entry level attracts different type of investors - newbies or pros, smart or not, rich or not, long term or not, etc.

100 ZEN entry will attract more smart, responsible long term investors, and more important, it will lock more ZENs at nodes so there will be less free ZENs at the exchanges. Higher demand at lower supply - you know where the price goes..

We often see new cryptocurrencies being created due to hard forking an existing project. One of the latest projects to do so goes by the name of ZenCash, a privacy-centric coin which is directly hard-forked from ZClassic, which is a fork from ZCash. Now would be a good time to compare all three cryptocurrencies and see how they are different from one another.


3. ZenCash

Although ZenCash was only recently introduced to the world, the token has gotten quite a lot of attention already. ZenCash focuses on privacy, and represents an “evolved form of ZK-SNARK technology.” It is a direct hard fork from ZClassic, a currency we will discuss in the next paragraph. One feature that makes ZenCash attractive to people is how it offers a protected communication protocol known as ZenTalk. Users can exchange short messages through this network, all of which is powered by blockchain technology.
ZenCash has a maximum coin supply of 21 million, which is the same as Bitcoin. The governance of this project will be done through a Decentralized Autonomous Organization structure, which is funded by a portion of mining rewards. The DAO will also fund future developments and look for additional partnerships. People interested in a more technical explanation of ZenCash can check out the whitepaper.


2. ZClassic

The ZClassic currency – listed as ZCL on exchanges – is a fork of ZCash. The goal of ZClassic is to remove the 20% fee associated with the ZCash technology. The developers of this fork feel miners should not receive smaller rewards just because the developers need additional money to keep evolving the project. Instead, ZClassic issues the full block reward to miners and aims to have development funded by the community itself.
Moreover, Zclassic was designed in such a way there is no deliberate scarcity. That is quite different from ZCash, which seems to thrive on issuing fewer coins during the early stages of the ecosystem being embraced by enthusiasts. ZClassic is the first major fork of ZCash, although it is unclear if other forks may make an impact on the cryptocurrency ecosystem over the coming months. There will be 21 million ZClassic coins.


1. ZCash

Most cryptocurrency users have heard about ZCash before. This particular cryptocurrency is well known for a strong focus on privacy, while still allowing for specific transactions to be completely transparent. There is a fixed supply of 21 million coins, similar to Bitcoin. However, the number of coins is distributed at a much slower rate from the start, which creates artificial scarcity. Moreover, it appears 20% of the block reward will automatically be deducted for future development of the protocol.
The main reason people are attracted to ZCash is because of their use of zk-SNARKS to protect the amount and recipient of transactions. It did not take all that long for ZCash to become one of the top-twenty cryptocurrencies. It is also worth mentioning ZCash was initially called Zerocash, but the name was changed later on. Make sure to check out the official Zerocash whitepaper, as it contains a lot of technical information regarding this project.

ZenCash Swing Wallet with Messaging is available for download now!

This uses zk-SNARKS in shielded transactions to send private messages on the ZenCash Blockchain. The messaging interface on the Swing Wallet uses shielded transactions to send the messages.

Download the wallet here:
Windows: https://github.com/ZencashOfficial/zencash-swing-wallet-ui/blob/master/docs/Release_0.73.1.md
Linux: https://github.com/ZencashOfficial/zencash-swing-wallet-ui

Wrong.
The count of the nodes doesn't depends on the entry level but on the expected annual income. I doubt there will be many at 3.5% block reward.
The different entry level attracts different type of investors - newbies or pros, smart or not, rich or not, long term or not, etc.

100 ZEN entry will attract more smart, responsible long term investors, and more important, it will lock more ZENs at nodes so there will be less free ZENs at the exchanges. Higher demand at lower supply - you know where the price goes..

This team will prepare everything that is needed to set up nodes, videos tutorials and technical support.

Can someone make a tuturial video from start to finish on setting a node?! Please.

posting again ....
If i create VPS and deposit 42 zen's and if i choose to cancel the vps do i get my 42 zens back ? I am waiting for secure nodes gone thru your tutorials and im gonna run them, so this question is very important for me.
Can someone answer ? And yes ill join slack

I disagree.  The whole point of the low barrier to entry is to have enough independent nodes..

Also interested. Can anyone post (or PM me) some details? Any help appreciated.

IMHO 42 ZEN is too low entry level for a Service Node. Whales would be able to manipulate the whole network..
Make it at least 100 ZEN and a reward ratio miners/nodes/governance at 65%/25%/10%
Nodes are important and they should be well paid.