Topic: [ANN][ZEN] ZENCASH: Permanent, Distributed, and Fully Anonymous cryptocurrency - page 113. (Read 243372 times)

Are full nodes going to be incentivized with block rewards?[/b]

Yes. Anyone that runs a full node and participates in the network node funds allocation program will receive their share of 3.43% of the coinbase rewards. Additionally one of the functions of the DAO will be to maintain network node size and may allocate additional funds to node operators.

The Zen network target size is to be at least 1,000 fully operational nodes. At this size at least 7.40 zen will be rewarded to each node operator. In the event the Zen network size has not been reached the DAO may allocate some of its discretionary funds to encourage node deployment.

Zclassic is a 1:1 match for Zcash without the founders reward. Alot of us on the team wanted to add new features and functionalities to Zclassic that would break the 1:1 parity. Zen is just an evolution of Zclassic with these new features that we wanted to put in and we're keeping Zclassic true to its 1:1 parity with Zcash.

Why "purposeful divergence into two blockchains"? As I know, most coins divergence into two blockchains only because of some troubles...

the zcl coins i buy have to be in my wallet when the zen start goes right? for the duplication?

Why not clone zec?

Why start this project?

All existing cryptocurrencies fall short of being fully anonymous; whether it's from network-level deficiencies or economical shortcomings. There is no cryptocurrency in existence that guarantees full end-to-end encryption of the distributed network. Zen is designed to be fully encrypted as a network and also as a means to send and distribute money.

Zen doesn't stop there though. Zen is a massively distributed and fully encrypted storage system with endless possibilities.

What is zero-knowledge encryption?

Simply put zero-knowledge encryption allows for undecipherable encrypted commuications to propagate throughout the network while still providing protections against denial of service attacks and spamming. Zero-knowledge encryption allows for fully cloaked economic activity where the recipient, sender, amount, and date of activity is kept confidential.

What is Zen and when will Zen be released?

Zen is a platform for secure communications and for deniable economic activity. It is an evolution of the Zclassic codebase built by Zclassic's original developers aimed at primarily enabling intriniscally secure communications and resilient networking. As a platform it enables secure global messaging, persistent file storage, and completely anonymous economic activity.

At block 100,000 (somewhere around April 29, 2017) the Zclassic network will execute a purposeful divergence into two blockchains; Zclassic and the newly formed Zen network. Zclassic will retain its original functionality and feature set but the Zen network will be adapted to include segregated witness (segwit) support and additional cryptographic technologies.

Rather than abandoning Zclassic, the team has agreed that development will continue on both networks.

How is Zen financially supported? Is it a ICO, pre-mine, or etc?

Zclassic is a completely community-funded project relying on independent donations. There has been no ICO, pre-mine, or founder's tax. Lessons learned from this launch-style showed that a lack of funding significantly hinders growth since all funds required for exchange listings, development, server hosting, and contributor bounties must be self-raised.

Zen takes these lessons learned and pairs it with a DAO-style governance model based upon proof-of-shares. In the Zen network, 8.43% of the tokens are allocated for community development, marketing, maintenance, and the DAO. This ensures that there are always enough resources available for growth.



I am an early Zclassic investor, what does this mean to me?

Anyone who holds Zclassic prior to block 100,000 (somewhere around April 29, 2017) will be allocated a 1:1 amount of Zen automatically. Simply import your private keys into the new Zen wallet to redeem your tokens. We are also working with the various exchanges to ensure everyone will be credited appropriately on their platforms.

Are full nodes going to be incentivized with block rewards?

Yes. Anyone that runs a full node and participates in the network node funds allocation program will receive their share of 3.43% of the coinbase rewards. Additionally one of the functions of the DAO will be to maintain network node size and may allocate additional funds to node operators.

The Zen network target size is to be at least 1,000 fully operational nodes. At this size at least 7.40 zen will be rewarded to each node operator. In the event the Zen network size has not been reached the DAO may allocate some of its discretionary funds to encourage node deployment.

What is going to happen to Zclassic? Why not start a brand new blockchain?

We have evolved and our combined vision simply outgrew the "Classic" designation of Zclassic; Zen is a much needed evolution and rebrand supported by the original developers. We also believe the Zclassic network has merit and therefore we will continue to support it.

Can I invest in Zen prior to launch?

Yes. Anyone who holds Zclassic prior to block 100,000 (somewhere around April 29, 2017) will be given a 1:1 credit of Zen. This is a result of the Zen genesis originating from the Zclassic blockchain.

How is Zen different from existing anonymous networks such as Tor?

Zen is based upon content-addressable storage and is a means to store data permanently. Technologies such as Tor are predominately routing protocols that do not guarantee any sort of data permanence.

JOIN US

Official website : https://zencash.io
Github : https://github.com/zencashio

Zclassic Slack: https://rocketchat.zdeveloper.org/

mining difficulty will remain same for zen right ? same as zcl has now

so basically if we grab a lot of zcl now we will get the same amount of zen in april ?

sounds too good   guess I misunderstood something?

Now it looks like a way to pump the Zclassic price before block 100000.