Greetings to everyone!
There is a pretty new anonymous cryptocoin which has a
huge potential and is currently at a
low price.
It has
21 bilion max supply, which is
1000 times more than Bitcoin and the
block generation is much
smaller in time.
The
transactions are
sent in seconds and
validated in just a
few minutes.
It brings
stealth by the
zkSNARKS algorithm, being a
proof of work (POW) coin, currently based on
EQUIHASH. So it is
ASIC resistant.
Is called
BitcoinZ and is inspired from
ZClassic. Here is a
video about it and an interactive explanation of the zkSNARKS algorithm:
If you have some free time, please check it out.
https://youtu.be/3hVG888tOpYI would like to hear your opinions on it. I think that it may have a great feature, because the community is dynamic and they want to improve the technology.
I also heard that they want to add
smart contracts.
Have a nice day!What's wrong with bitcoin 1.0?
Nothing wrong but people need the iconic name Bitcoin to create a new coin or airdrop, fork etc for marketing purposes. Unfortunately this is a highly effective marketing technique can't erase that. Instead of new shits like these everybody can contribute in the development of one Bitcoin.
For what it's worth, I don't think many "gimmicky" coins will survive in the long run.
Stuff like weed/pot coins, kfc coins or whatever and so on. They're purely an attention-grabbing name and seem super gimmicky.
I just stated at the start of the
video why
BitcoinZ is better than Bitcoin.
First Bitcoin becamed
centralized in mining, because you can no longer mine it effectively or with any reward with a normal computer.
Secondly
transactions sender, receiver and ammount are visible to everyone, making in this case much
easier for an attacker to track a specific address and find the specific person.
Third the
cost of a Bitcoin transaction was a couple of days ago 20$ and it takes
more than an hour to validate the transaction on the blockchain and to arrive at the receiver, making it
infeasible for buying and selling ordinary stuff on a market. Also the number of
transactions per second is quite limited.
And last the Bitcoin community seems more short term profit oriented in contrast with
Ethereum for example, where the community develops software in its name "
smart contracts" on top of the Blockchain, enabling a huge variety of applications, not just store of value.
I heard that
BitcoinZ community wants to develop smart contracts as well.
I heard that Bitcoin wants to develop as well "
Lighting network", but honestly in the current situation I don't see Bitcoin to be the top Cryptocoin in the next years.
Remember that Facebook wasn't the first social network, Google wasn't the first search engine, but they brought new stuff, technology and opportunities which made them the best on the market, at least for a while.