Monero vs. Zcash: Who is the King of Anonymity in the Crypto World?

Each resident of “crypto kingdom” adores cryptocurrency for its advantages and possibilities. The point is that anonymous money is highly valued by fellow servants. As their holders have full financial freedom. The most famous and desirable are Monero and Zcash. But this kingdom isn’t big enough for both of them. So there should be only one king.

Therefore, let’s find out in the format of 3 round tournament who is worth wearing the crown of “the king of anonymity” in crypto kingdom: Monero or Zcash.

Round #1: Technology

Monero technology

Originally, Monero’s developers were chasing the idea of automated money transfer by technology circular confidential transactions. The core of the technology is that the recipients of funds are “invisible” for other network users and the funds are provided with the additional protection. As a result, the path of sent funds is secured from tracking and the amount of transactions is hidden from a third party. The information of transaction is available only for recipient and sender.

Disadvantage of Monero technology

The circular technology coped with its task. Nevertheless, such result entailed high expenses of network resources which influenced the commission rate for transaction. Monero network commission is practically the same as that of Bitcoin.

Hardfork in Monero network

The automation of transaction Monero development was practised till the successful technical hardfork of 18th October,2018. During the update the developers replaced the circular confidential transaction with a proof protocol with a zero Bulletproofs disclosure. As a result, the commision of Monero network transaction was decreased by 90%.

Zcash technology

Unlike Monero, Zcash has been working on a Zk-SNARK protocol with a zero disclosure since the launch. Such protocol hides the information about a sender, a recipient and an amount of transactions and the only data left in the network is about transaction completion.

Disadvantage of Zcash technology

Because of a big amount of necessary computing power not everybody was able to use anonymous transactions. The holders of full node were lucky and the rest of “mere mortals” were satisfied with usual transactions which have a lot in common with transactions in Bitcoin network.

Hardfork in Zcash network

During the Zcash hardfork network of 29th October, 2018, the new technology of anonymous Sapling addresses was added. After the update the network is no longer wasteful on processing transactions which will provide with the access to anonymous transactions of all Zcash network users.

Nevertheless, Sapling is still not fully implemented, plenty of time will pass before it complete launch in network. The complexity is that for its complete implementation it is necessary to attract the providers from a third party wallet-services, exchangers and crypto exchange. But for now, Zcash is still in pending and Monero has launched a new update of Bulletproofs network in which have changed the algorithm for mining in order to protect from Asic-device. Although Zcash is still doesn’t see this problem.

The result of the first round

Monero wins the first round because Zcash put down arms.

Round #2: the sphere of real implementation

We are sure that some of our readers will say: “There’s nothing to think about, Zcash is a winner”. You are right, despite the fact that Monero capitalization is more than Zcash’s by a billion dollar, Monero daily bidding is only $16 million at a time when Zcash’s is $116 million. In addition, Zcash have more influence at various cryptocurrency exchange. So, the answer is logical.   

If traders’ preferences are clear, but what about regular crypto users for which the digital currency is the primary means of payment? Actually, everything is simple: they chose Monero. Maybe the following will be a discovery for you or maybe not, but Monero is the most demanded currency of the darknet users.

Even though Monero is the darknet favorite, it doesn’t mean that it is used only for illegal deals. Actually, even regular sellers appreciate privacy, which is fully provided by Monero. Of course, due to anonymity Zcash is also on both black and regular market, however it has low trust.

The result of the second round

Zcash is a commercial project which was launched with the help of investments that are being returned now by means of charging mining commission. Monero makes more confidence, since it is anonymous and closer to the world first cryptocurrency – Bitcoin. It is more widespread and implemented in real spheres of activity.

So, Monero wins the second round, again by surpassing its opponent. Zcash chances on becoming the king are decreasing.

Round #3: Perspective

The perspectives of Monero and Zcash are almost equal, since these cryptocurrencies prefer anonymity. It means that they are both moving against governance and their financial flows are not under control.

Next year, Groupe d’action financière will put forward the recommendations on digital currencies management. There is high probability that turnover of anonymous coins will be restricted. However, this will not affect the value of coins itself outside the exchanges and exchange services.

Well, if the turnover of anonymous cryptocurrency isn’t restricted than the Monero and Zcash will continue scaling up, improving and securing their leading positions on the crypto market.

The result of the third round

They are both aiming at confidentiality. And until the measures against anonymous coins are taken – the demand and popularity of Monero and Zcash will grow daily even outside the kingdom.

Despite the fact that both have fought honorably, the winner of the third round is “friendship”.

Conclusion: who’s the king of anonymity in the crypto world?

Based on the outcome of the 3 round tournament, the crown of the king goes to Monero and Zcash becomes the vice-king. It is worth mentioning that the gap between engaged in combat is minor.

Maybe some of you doesn’t agree with the final result. But since the organizers of subjective fight is your cosmic The Coin Shark, so the king of anonymity in this review is Monero. It is closer to classic cryptocurrencies, trusted, and its anonymous feature leads mankind to a new era of financial systems.

Zcash has all chances to take back the crown if its developers finds the way to find common ground with authorities while saving anonymity of payments.

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Japan Released New Rules In Crypto Margin Trading

Japan is a progressive country in terms of economy, as well as cryptocurrency regulation. This time Japanese financial authorities have released a new set of rules regarding crypto margin trading.

Margin trading is a strategy that allows a trader to buy more stocks than you can afford on money borrowed from a broker (similar to loan).

The Cabinet of Japan approved draft amendments to Japanese financial instruments and payment services laws on Friday. In fact, they will limit leverage in virtual currency margin trading at two to four times initial deposits. Such restrictions are a common practice in foreign exchange trading.

All crypto exchanges throughout the country are bound to get governmental registration. This type of registration will differ from that adopted in 2017, which was mostly focus on preventing money laundering. However, these rules make exchange operators be monitored in a way similar to securities traders to protect investors.

These crypto exchange operators will be classified into categories to differentiate those who involved in margin trading from those who issued ICO tokens. This will help to distinguish unsavory offerings that are similar to frauds or Ponzi schemes and protect investors from losing their money. The new rules will come into force in April 2020. All margin cryptocurrency exchange operators have to be registered within 18 months of that date.

Such a time limit is set to take down unregistered “quasi-operators” which conduct operations without governmental approval. A senior FSA official said:

“We intend to motivate operators to do what they can to become registered.”

We remind you

Japan’s Biggest Bank Is Not Going To Create Its Own Cryptocurrency: Fake News Is Not Confirmed

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Winklevoss’ Brothers Said “Crypto Doesn’t Need Rules”, What About Crypto Companies?

Winklevoss twins are one of the most influential crypto personalities in the modern world. They are multi-millionaires with their own exchange – Gemini – and own dollar-pegged Gemini coin. It is no secret that the brothers have supported crypto since the beginning of it, but now they promote crypto regulation which confronts with the idea of crypto as well as with their billboard slogans. What happened?

Crypto Needs Or Doesn’t Need Rules

The twins are known for deconstructing the stereotypes and the myths that surround crypto in the public. They want to change the image of crypto that has been plagued with scams, hacks, frauds. However, their billboard slogan “Crypto Needs Rules” was criticized by Bitcoin users as the main meaning of crypto is to transfer money or digital assets without having to trust anyone.

Source: Bitcoinist

Cameron Winklevoss said that some people wondered why Gemini believes that the crypto revolution needs rules. He responded:

“Crypto doesn’t need rules, but the companies built on top of it do.”

Cameron also cited a part of report regarding to the defunct QuadrigaCX exchange which lost millions of dollars.

In order to prevent cases like QuadrigaCX and Mt.Gox, the latter’s CEO was sentenced to 2 years and six months in prison, the companies that provide custodial services of customers assets should be regulated. Furthermore, Winklevoss pointed out that these cases as well as other incidents could have been preventable if there was a proper management of the company, in particular, “proper rules and thoughtful regulation”.

We remind you

The Gemini Dollar of Winklevoss Brothers Is Officially Approved

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TOP 5 Most Convenient Applications To Use And Work With Cryptocurrency

Cryptocurrency is one of the most promising and growing industries in our modern world. It is becoming more and more valuable to our society, as well as to the nations’ economies and banking systems, since people prefer more convenient ways of trading and transferring money. We therefore offer you to look at top 5 apps that the most convenient in using and working with crypto.

1. Keymano

Keymano is a top wallet that provides a customer with a myriad of opportunities. It’s very convenient, fast and secure. Managing crypto or fiat money through Keymano wallet is easy. Using Keymano wallet anyone can sell, buy or send crypto on the go. It is user-friendly and straightforward.

Connect Keymano Card and Wallet to get even more functions. This Card allows you to make payments online and in-store. Moreover, the user can withdraw cash at any ATM terminal.

Keymano is a fully-featured product which not only simplifies managing crypto but also creates more ways to use it. With Keymano any transaction (from buying coffee to money exchange) is simple and always available in any part of the whole world. Having Keymano you can:

  • pay with crypto in any part of the world;
  • pay with BTC, ETH, etc;
  • manage multiple currencies in one App;
  • pay online or in-store using Keymano Card.

2. 365Сash

365Cash is a platform that provides services to users in different countries by organizing P2P transfers of digital assets. By the time of publication, the platform overcomes 850,000 cryptocurrency swaps. Such a big number extols this platform over others on the market. The service also possesses the following features:

  • Its own large ecosystem which uses nodes for cryptocurrencies and works automatically.
  • The most favorable rates for customers. The service earns on the difference in sales rates due to a large flow of customers and hedging the risks of cryptocurrency fluctuations.
  • Fully automatic system of receiving and paying funds to customers using the most popular payment system in Russia – Qiwi.
  • In future, it is planned to expand the pool of available cryptocurrencies.

3. Quppy 

Quppy is multicurrency payment system with unique cross-platform applications.The wallet provides users the ability to share crypto assets via different accounts inside one single wallet as far as within a decentralized storage system. By the end of the month, users will be able to withdraw money in euro. The platform also have some interesting features:

  • Sharing all your crypto assets through various accounts on one single platform.
  • Superior security for users based on blockchain technology.
  • Fast cryptocurrency exchange and instant transactions;
  • Multicurrency support including Bitcoin, Bitcoin Cash, Litecoin, etc.
  • Integration of Nexo – a service of the world’s fastest instant credit.

4. Chatex

Chatex is a platform that makes transfers, exchanging or paying for goods much more easier for every customer. Cryptobanking facilitates access to the use of cryptocurrency for those who have never had a cryptocurrency wallet and who do not want to understand difficult passwords, 12 words, etc. The service eliminates the possibility of loss of big passwords or phones, since it allows you to regain access during a personal appearance to the certification center. Unique feature are:

  • The wallet is protected by an additional PIN-code and in exchange transactions between people.
  • Instant internal transfers without commissions. Instant purchase with any VISA/MC.
  • Respond quickly to digital assets management requests from your smartphone.

5. Waves

Waves is revolutionary mobile app which enables users to connect to the network and make transactions. It is a comprehensive, all-in-one app for mobile devices with an absolutely unique feature set that includes a crypto wallet, the Waves DEX, and fiat gateway. The biggest advantages of the platform are:

  • All traffic is encrypted, hence privacy and security are fully provided. Private keys never leave users’ smartphone and are never exposed to the web.
  • Supporting Face ID, Touch ID and Fingerprint scanning.
  • Trading on DEX, with the great tools and charts, it provides access to fiat and crypto gateways, so the customer can deposit, store, trade and withdraw other assets.
  • The customer can send tokens to one’s address book contacts, lease one’s WAVES, receive warnings about suspicious tokens and burn any spam assets he/she doesn’t want.

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Baksman: Fast And Instant Cryptocurrency Exchange

Trading is nothing without buying and selling, the same goes to cryptocurrency. Thousands of crypto related people conduct tens of transactions every day. What do they need most? Of course, it is a fast and instant exchange – Baksman. So, let us dive into the speed and accuracy of the best exchange across the Europe and Asia.

Advantages of the Baksman exchange

Baksman is a crypto platform which provides exchanges in all the most demanded directions, if the customer is not satisfied with the proposed ones, the platform is ready to separately consider other fronts. The Baksman exchange is the official partner of the payment systems, such as PerfectMoney, ADV cash, Payeer, Capitalist. Their capabilities include working in rare directions like ePayments services, banks of Kazakhstan and it is not the limit. The service is constantly improving and upgrading its functionality. The platform is able and is ready to provide individual support for a client.

One of the biggest advantages of Baksman is a non-stop work. The exchanger works 24 hours a day and 7 days a week. The average processing time for transactions takes 5-15 minutes. More importantly, the technical support is always online and ready to answer any questions; the assistance is provided regarding to the functional wallets and other systems. Thus, no matter problem you have met, you can easily find to solve it.

In order to make the customer even more satisfied, the Baksman team has developed an app on the Android and IOS platforms, which can be downloaded and installed on a smartphone.

For EXMO Exchange users, the platform has allocated a separate direction of EXMO codes with the top list of cryptocurrencies. Users do not need to send funds to the network to transfer them and wait for confirmation of the transaction in the network, he/she just should create an Exmo code and transfer it to the service for exchange. It is very convenient and fast.

Comfortable Coin Converter

The platform offers you an extremely convenient calculator estimating how much you get if you spend a particular sum of money or crypto. The service provides options for:

  • 24 crypto coins, like Bitcoin, Ethereum, Litecoin;
  • 20 EPS, including Yandex Money, QIWI Rub;
  • 16 banks, such as Raiffeisenbank, Alfa Bank, Tinkoff.

Stylish design and fast calculating will make your experience of exchanging assets unforgettable.

Referral Program and Discount System

The project offers its partners a referral program which includes two layers giving the opportunity not only receive income, but attract referrals. If the user refers to the first level of referral, he/she will get 0.6% of the turnover, if second level, the income payment will accumulates for 0.2%. All you have to do is to become a partner Baksman and you will get your revenue.

In addition, Baksman has developed a discount system. What is more pleasant, that it is cumulative. Its value is determined by the total amount of operations performed by the participant for the entire time of using the resource.

If you still hesitate, please, follow the link and find more information about this exchange.

The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

It Was Offered to Ban Anonymous Cryptocurrencies in Texas

A bill was introduced in Texas which demands an identification of a person who sends or receives cryptocurrencies. However, the bill specifies that if a user has already been using a verified identity digital currency then there is no need to give any person’s verification to the government.

If approved, the bill will take effect September 1, 2019.

The community took the idea not very good.

Having mentioned the bill, Andrew Hinkes, the co-founder and general lawyer of Athena Blockchain, brought up some significant issues:

Texas is not the only example of cryptocurrencies confidentiality infringement. Recently in their report dedicated to usage of cryptocurrencies and blockchain technology the French National Assembly’s Finance Committee offered total ban on cryptocurrencies oriented on confidentiality such as Monero and Zcash.

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Top Global Digital Agencies That You Can Entrust Your ICO Business To

We live in an amazing time, when each of us is able to realize any idea or at least try to do it, even if it is ICO. A startup needs a high-quality development and a launch plan, as well as good promo both online and offline. If you are just at the beginning of your long business journey or you are somewhere along the way, but your project is “not working” properly, you should consider collaborating with professionals in this field. Today we will talk about top-5 digital agencies from different parts of the world based on various ratings and case studies.

1. Crowdcreate – #1 developing marketing agency 

According to Forbes, this ICO agency from Los Angeles is one of the leading cryptocurrency service providers. Crowdcreate has helped more than 60 projects raise about $133 million since its was founded in 2014.

What do they do?

  • Organize a fundraiser;
  • Build a community and management;
  • Attract users;
  • Use influencer marketing, i.e. promote projects with the help of popular opinion leaders.

3 reasons to work with Crowdcreate:

  1. They work on popular online platforms such as YouTube, Reddit, Telegram, Twitter and are featured in well-known media outlets: CNBC, Bloomberg, Forbes.
  2. Crowdcreate has a full-fledged marketing team: the client receives all the necessary services in one place;
  3. They have been working since 2014, which means that the team is at least more experienced in the field of cryptocurrency than other agencies on the market.

2. ICO Box – Box solution for conducting ICOs/STOs

According to The Media Shower, the digital agency ICO Box is ranked second in the Best ICO Marketing Agencies rating.

ICO Box began its work quite recently, only in 2017, but quickly became the leading representative of ICO marketing services in the industry. The agency goes beyond just marketing and includes web development, legal and technical advice in the list of services.

What do they do?

  • Provide technical support for the project;
  • Provide legal advice from experts;
  • Attract users;
  • Digital marketing.

3 reasons to work with ICO Box:

  1. The agency collected over $650 million of investments for 100+ of its clients;
  2. ICO Box assists projects in accordance with US regulations;
  3. Services are divided into many basic and additional packages, which allows the client to choose the type of cooperation he/she needs.

3. FoxTail – changing the digital marketing industry

FoxTail Marketing ranks the 4th in the top-10 rating of Bitcoinist for 2018. This is an American digital agency with a list of successful ICO campaigns. FoxTail Marketing also provides lead generation services for medium-sized businesses. Unlike many agencies, it also provides regular marketing services to companies outside the ICO market.

What do they do?

  • Customize search engine optimization;
  • Social networks;
  • Content marketing;
  • Blog management;
  • Paid content promotion;
  • Email management;
  • Conversion optimization;
  • Optimization of sales funnel;
  • B2B lead generation.

3 reasons to work with FoxTail Marketing:

  1. It focuses on social media and content marketing;
  2. It helps to increase traffic conversion without relying solely on SEO;
  3. It works not only with ICO-projects.

4. BoomICO will raise money for your ICO/STO

This company is the representative of Ukraine among the other marketing agencies in our rating. BoomICO does not just “pack” your ICO, but works with the project since the birth of the idea itself.

What do they do?

  • Legal and technical support of STO/ICO

The defining moment in each ICO is the creation of a token with all legal aspects taken into account. Professional lawyers and technical programmers will help you understand this and prepare everything.

  • Roadshow Event Service

Venture investors are still looking for worthwhile projects with original ideas. BoomICO helps your ICO find big players.

  • Marketing with accredited American investors

BoomICO will present your product to more than 8000 accredited investors by contacting them by email or phone.

  • Promotion at ICOPantera

Korean market whales will become more accessible through the ICO review blog #1 in South Korea.

3 reasons to work with BoomICO:

  1. It has successfully conducted more than a dozen ICOs with the total capitalization of $50 million, some of them being Alttex, RAcoin, and Buddy.
  2. The rating of the agency on ICObench is quite high – 33 points.
  3. BoomICO has access to Korean and US markets, which is rare for most marketing agencies.

5. Black Ball – an investment agency

The company Black Ball works with various projects, attracting both cryptocurrency and fiat investments.

The agency prepares projects no matter what stage of development they are at. Black Ball has a lot of experience working with private and institutional investors from different parts of the world, which makes it possible to promote startups quickly and efficiently.

What do they do?

  • Develop a technical document – WP;
  • Make up a business plan;
  • Prepare a presentation;
  • Work on the creation of an adaptive cross-browser site;
  • Develop smart contracts;
  • Create a secure personal account of the investor;
  • Increase project awareness through branding;
  • Make representative videos;
  • Provide legal support.

3 reasons to work with Black Ball:

  1. The ability to get all the elements of “packaging” in one place;
  2. You will be able to replenish the list of the 38 successfully completed projects and 121 million collected investments;
  3. With Black Ball, you can start working at any stage of the development of your project, even if you only have an idea for now.

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