ZenCash Overview for Investment Professionals
I’ve had conversations with some investors who are interested in ZenCash, and wanted a straightforward document with the ZenCash value proposition, goals, team members, and plans for this year to help them evaluate ZEN vs. other cryptocurrency investments.
The information is included both inline below, as well as in a pdf that can be downloaded for printing here: ZenCash Overview for Investment Professionals (pdf)
https://blog.zensystem.io/wp-content/uploads/2017/08/ZenCash-Overview-for-Investment-Professionals-v2.pdfZenCash Overview and Highlights for Investment Professionals
Author: Rolf Versluis, ZenCash founder and member of management team
Date: August 2, 2017
IntroductionZenCash is a digital currency (cryptocurrency) derived from Bitcoin, with improvements from Zcash to add private transactions, network security and resilience, and an ongoing funding and governance system.
The purpose is to create a usable cryptocurrency for people and businesses worldwide, enabling the daily use of private transactions, messaging, and publishing to people everywhere.
ZenCash is available now, is actively traded on Bittrex under the symbol of ZEN, and has wallets available for PC, Mac, and Linux. It is Proof of Work cryptocurrency with a large quantity of active miners.
Value PropositionElements of ZenCash that are different and unique from most other cryptocurrencies. Others have them, but not in this combination:
- Private Transactions – Advanced crypto technology (zk-SNARKs) used for private transactions, communication, and publishing. zk-SNARKS enable transactions of ZenCash without revealing the sender, receiver, or amount onto the blockchain. ZenCash also has traditional transparent transactions available for use, where the sender, recipient, and amount are recorded and available on the blockchain (just like Bitcoin).
- Encrypted and Resilient Network Transport – Create and maintain a stable and secure network to operate Zen with Secure Nodes, paid for when a Zen block is mined. There will be thousands of Secure Nodes all over the world for ZenCash wallets to connect to, and network communication from wallets to nodes will be fully encrypted.
- Funding for Viability and Growth – Ongoing funding of the treasury to pay for development, marketing, and partnerships. This is important to adding features, keeping applications current, and having a team who looks after and cares about the needs of the ZenCash users.
- Inclusive Governance – Governance with participation by all people involved in making ZenCash work – Zen Blockchain Foundation members, developers, owners of ZenCash, secure node operators, mining pool operators, exchanges. All people involved with ZEN are stakeholders, and owners of ZEN are encouraged to participate in governance to influence the direction of ZenCash.
See the rest at blog post at:
https://blog.zensystem.io/zencash-overview-for-investment-professionals/