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eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
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Founded in 1999, part of GAIN Capital Holdings. Licensed in highly regulated jurisdictions, FCA, IIROC, NFA, CFTC, CIMA,FSA. Payment methods ACH, debit card, bank wire transfer. $50 minimum deposit.
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Cex.io offers exchange of fiat currency for Bitcoin Ethereum, Tether, and 23 other cryptocurrencies, as well as Bitcoin/Ethereum trading against the USD.
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About ZCash (ZEC) and its Features
- ZCash (ZEC) uses the Zerocash system, that allows it to keep the information of the users trading on its network - anonymous and secure. Unlike Bitcoin, the transaction information is anonymous from public's eye. ZCash enables interchangeability and interoperability into its network, allowing it to become fungible.
- It uses Zero Knowledge Proofs, something that lacks in Bitcoin. Bitcoin miners need to know the information about the users who are transacting on the network, to approve their transaction as valid. While in Zero Knowledge Proof (ZKP), miners do not need any such attribute. Fully encrypted transactions are also possible to validate, and approve on the network.
- It enables the users to enjoy confidentiality and privacy in public blockchain. The blockchain is called a universal ledger, and everyone who trades on the network can have a copy of it. Despite the fact that it is public, and that any private information shared on it is highly vulnerable, ZCash cryptocurrency guarantees security to its users. Confidentiality and privacy are two core elements of ZCash Coin (ZEC).
Mining ZCash (ZEC) and its uniqueness
Mining ZCash is similar like other cryptocurrencies, by using the computer's processing power
, but ZCash mining is different from other coins in a way that the founders keep a share of the coins. With every single unit of ZCash cryptocurrency that a miner mines, out of the first 4% the company gets to keep the 20%, which amounts to 10% of the total supply. This is done so that ZCash coin company can fund itself for future research and development, and does not crash if public demand and supply is skewed.
ZCash uses Equihash as the hashing algorithm, unlike Bitcoin that uses SHA-256. Both these use PoW (Proof of Work) algorithm, but Equihash is better than SHA-256 in many ways. The time required to approve one Bitcoin transaction is much more than what it takes in ZCash. Mining ZCash
is not as extensive, expensive or time consuming as mining Bitcoin. That is the reason small scale and independent miners are moving to mining other coins like ZCash instead of Bitcoin.
ZCash employs bleeding edge cryptography to secure vital information from the public. Only the information that a 'transaction happened', is available, the sender, receiver and the amount are hid from the public.
Functioning of Mining ZCash (ZEC)
Just like Bitcoin, the total number of ZCash Coins are constant, that is a static 21 million in number. However, 20% of the initial funds will go to the founders and 80% to the miners. This is known as 'Founders Reward', and the miners will not be able to keep the full amount. Every four years or so, the reward will reduce to 50%, and after first four years, the coins will completely go to the miners instead of founders. This is how they plan to sustain themselves as an organization.
In Bitcoin, the problem is that big mining farms control the coin, and this has made it centralized in a way. But with ZCash it is not so. ZCash Coin is still decentralized and uncontrolled. The company remains the governing body but the miners get complete independence, and equality. To mine Bitcoins, you need large computers, and heavy processing power, but with ZCash Coin it is not so. Mining ZCash cryptocurrency is relatively cheaper than mining Bitcoins.