Zcash (ZEC)
The crypto that was founded by Zooko Wilcox is a dual currency in the sense that it offers two different types of addresses.
Transparent addresses are visible on the chain whereas Zcash is a cryptocurrency that offers two types of addresses: transparent addresses that are publicly visible on the blockchain and private addresses that are not.
Zcash disburses 20% of mining revenue (Proof of Work) to fund three branches of the project.
8% of the above 20% went to Zcash Community Grant, 7% to support the Electric Coin Company, and 5% to support Zcash’s foundation.
As mentioned in the introduction, this week some cryptocurrencies have pulled the brakes and among them is Zcash which loses 6.33%.
#bearorbull #BNBbearorbull
