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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“There Is No Need”: Japan Refuted Rumours About Approval of Bitcoin ETF

Some services including Bloomberg reported several days ago that Japan considered a possibility of the approval of a Bitcoin exchange-traded fund (ETF). It allegedly would be used as an alternative to Bitcoin futures.

However, the representative of the FSA claimed that Japan was not considering of giving green light to the Bitcoin ETFs, saying:

“There is no such fact that we are considering approving ETFs which track crypto-assets at present. We are not currently considering approving them.”

The necessity of approving them may lie in decreasing the risk of price manipulation on the Japan market. Nevertheless, the FSA spokesman stated that there was no need of any cryptocurrency-related derivatives for now in Japan expressing its negative attitude towards both crypto ETFs and futures products.

He said: “Taken it into consideration that it is difficult for us to find constructive and social significance of trading crypto-assets derivatives at present, we think that there is no need for trading crypto-assets derivatives at financial instruments exchanges where many market participants are able to trade.”

We remind you:

SEC Will Release the Decision on Bitcoin ETF in February

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New Useful Gadget or Promotional Trick: What Is the WT2 Plus Earphone Translator?

A language barrier is the main cause of disagreements and the reason why people of different nationalities cannot fully communicate. But, besides, a language barrier complicates the lives of many travel lovers. Soon this problem will fall into oblivion, as its solution was suggested by Timekettle company in the form of a new gadget WT2 Plus. Now this device is presented at the International Consumer Electronics Show CES-2019 in Las Vegas.

What is WT2 Plus?

This is a wireless earphone translator, which will become an integral gadget when traveling to foreign countries. The novelty caused a huge interest and made many people wonder: “What is the price of WT2 Plus?”. You can breathe a sigh of relief, because the answer is already there! The cost of WT2 Plus is $ 219.

Source: http://www.timekettle.co/

How does WT2 Plus work?

The earphones support Android and iOS operating platforms. They connect with a mobile device via Bluetooth using the application that allows users to set a language. At the moment, the application supports 20 languages, but in the near future the developers will add another 15.

The feature of the application for WT2 Plus is recognition of various accents. For example, the application supports 5 accents of English, including Australian English.

Direct use of portable earphones occurs as follows: in order both interlocutors can talk and hear each other, each puts one earphone from the kit on. When talking, the earphones transmit the sound to the smartphone for translation and transferring the translation back to the earphones. The delay in processing and transferring sound takes only 3-5 seconds, depending on a sentence size.

Even though the manufacturer emphasized the possibility of real-time translation as its main advantage, in fact the device is capable of translating only short phrases, the duration of which do not exceed 15 seconds. For example, the gadget can not be used for continuous translation of a film in a foreign language.

Regardless of the headphones’ being wireless, they will not catch environing phrases and translate them due to the built-in “Touch” mode, which allows you to use WT2 Plus in crowded places.

The earphones themselves are stored in a pocket-case that resembles Apple’s AirPods case. The earphones are charged from the case. Each earphone has a 110 mA battery, and the case battery capacity is 320 mA. Full charge of the earphones takes 90 minutes. The case works for two weeks without recharging, it is enough for two recharges of each earphone.

The manufacturer plans to increase the accuracy of the WT2 Plus translation to 95%. The translation requires access to the Internet, since it is carried out through Google and Microsoft cloud servers.

Gadget Hits and Misses of 2018

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The CEO of Circle Believes That a Clearer Policy of the SEC Will Cure the Crypto Industry

The CEO of the project Circle, backed up by the major bank Goldman Sachs, Jeremy Allaire started a thread on Reddit together with his co-workers, where they debated the accomplishments of the company in the recent time, talked about prospects for the future and discussed the overall situation on the crypto market.

According to the representatives of Circle, one of the main issues with crypto in the US is the lack of regulatory framework and, most importantly, the inability of the Securities and Exchange Commission to clearly define cryptocurrencies as belonging to a particular type of assets.

We remind you:

The SEC: Unlike ICO Tokens, Bitcoin and Ethereum Can Not Be Securities

There absolutely needs to be more regulatory clarity to really make this fly — in particular around who can issue these, how they can be stored and transmitted, and what markets can allow their trading. There’s a lot of attention on this and we absolutely expect to see these issues resolved and for far more real world experiments to hit the markets this year,” said Jeremy Allaire.

Also, the CEO of Circle claimed that the US should follow the example of France and have a separate kind of taxation for crypto-to-crypto transactions.

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Two European Finance Regulators Urge the EU To Adopt Crypto and ICO Rules

Cryptocurrency and ICO regulations have been an open topic in Europe for quite a long period of time. Some finance regulators claim that it is high time the European Commission determined the place of crypto and ICO in European economy.

The European Banking Authority (EBA) stated that the current crypto asset-related activities did not comply with the EU financial laws, so that The EBA urged the EU to look into the crypto rules and identify what actions may be required at the EU level.

The representative of the EBA said:

“The EBA’s warnings to consumers and institutions on virtual currencies remain valid. The EBA calls on the European Commission to assess whether regulatory action is needed to achieve a common EU approach to crypto-assets. The EBA continues to monitor market developments from a prudential and consumer perspective.”

Moreover, the EBA advised to use the FATF’s recommendations. The Financial Action Task Force (FATF) is to issue a set of recommendations for crypto-related action in June 2019.

Another finance regulator, which supports the EBA, is the European Securities and Markets Authority (ESMA). It released a report which helps the authorities of the EU to make decisions on rules applied to crypto and ICO.

The spokesman of the ESMA said:

“Our survey of NCAs highlighted that some crypto-assets may qualify as MiFID financial instruments, in which case the full set of EU financial rules would apply. However, because the existing rules were not designed with these instruments in mind, NCAs face challenges in interpreting the existing requirements and certain requirements are not adapted to the specific characteristics of crypto-assets.”

We remind you

Seven EU Member States United To Adopt Blockchain In Their Countries

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How to Get Bitcoin And How Profitable is Mining in 2019

Appearance of Bitcoin has marked the beginning of a new era in development and dissemination of money. 2018 became a crucial point for cryptocurrencies. In this article we will talk more about Bitcoin mining, find out what is needed and how to earn from it.

1. What is Bitcoin mining?

BTC mining is carried out with the help of specialized computer equipment, so-called Bitcoin farms. In order to open a new block, the miners resolve complex mathematical problems, for which the network rewards them with X number of coins.

Bitcoin algorithm is designed in such way, that every 210 thousand blocks the reward decreases exactly by twice. At the very beginning, miners received 50 coins for each new block, then this number was reduced to 25, and now this value is 12.5 BTC.

2. What are the ways to get Bitcoins?

Bitcoin is the most popular cryptocurrency in the world, many people would like to become its lucky owner. Here are some ways to do it:

– Bitcoin faucets. This is an absolutely free method to get coins. It lies in performing various simple tasks, such as decoding and entering captchas, clicks on advertising links, browsing advertisers` websites, etc. This work is absolutely simple, but it requires  patience. We want to remind you, that reward for such work is purely tokenistic and it is not possible to earn decent money from Bitcoin faucets.

– Mining. This method means investment into equipment. It can be completely different: you can organize home mining on graphics cards spending 2-3 thousand US dollars on it, or you can build a huge data center by investing hundreds of millions of US dollars into this enterprise. Thus the income should be directly proportional to the initial investment. Unfortunately, today cryptocurrency is so volatile that it is impossible to calculate how much profit Bitcoin mining will bring in 2019.

– Salary in crypto. Nowadays, the fact of getting salary in cryptocurrency is no longer supernatural. Yes, it is still uncommon, but it is far from single instance.

– Purchase. The most obvious way to get cryptocurrency is to purchase it. Nowadays, you can buy Bitcoin using a large number of services (exchanges, currency exchange offices, individuals, etc.).

3. What is needed in order to start BTC home mining ?

In general, this is rather a broad theme, but in this article we will only briefly run through the main points, without which home mining is impossible. So you need to:

  1. Buy equipment for mining (graphic cards or ASIC miners).
  2. Create a Bitcoin wallet. Without this it will be impossible to get coins.
  3. Select a mining pool. Nowadays the hash rate (total computing power of all the miners) of Bitcoin network is really huge, that is why the algorithm constantly increases its overall complexity. This is why it will be very difficult for one miner to open a new block even with sufficiently powerful equipment.
  4. Install a special software for mining.
  5. Follow the process and, if necessary, repair or replace the components.

You should also remember that mining equipment (especially ASIC-miners) make a noise and heat up while working, therefore installment of farms in a residential house is not a good idea.

4. What is cloud mining?

There is another way to start mining Bitcoins. This is a cloud mining. It does not involve physical contact of person with equipment. A user buys a certain amount of computing power at a large data center and immediately starts to get income from it. So, how is it better to mine Bitcoin, on your own or using cloud? Everyone will find his own answer. Definitely, profit of home mining will be higher, but cloud mining will ease your pain associated with farm maintenance. Someone is willing to pay for his or her comfort, but another one would prefer to do everything by independently, therefore, everyone decides on one’s own.

5. Which video adapters work best for Bitcoin mining?

Each particular video adapter has its own payback period, which directly depends on what is happening on the cryptocurrency market. 2019 has just started, so here is the list of the most cost-effective video adapters for BTC mining in 2018:

  • NVIDIA GTX 1080 TI.
  • NVIDIA GTX 1070 TI.
  • NVIDIA GTX 1070.
  • RADEON VEGA FRONTIER EDITION.
  • RADEON RX VEGA 56.
  • RADEON MINING RX 470.
  • NVIDIA P106-100 (GEFORCE GTX 1060).

6. How to calculate Bitcoin mining correctly?

Bitcoin rate is very volatile, network hash rate is also unstable, so, it is almost impossible to calculate exactly the mining profit. But there are convenient calculators which will help you to find out at least approximate numbers.

7. What does BTC rate depend on and what will happen next?

Bitcoin price varies in the trading range of USD 4000.00. Bitcoin emission is limited and it amounts to 21 million coins. Over 17 million ones have already been mined. But it is necessary to recall a double decrease in the remuneration for a found block, which occurs every 4 years. It is easy to calculate that over the next 30 years, more than 99% of all coins will be mined, and the remaining 1% will be mined over the next 100 years.

According to the laws of economics, this feature makes Bitcoin a very valuable and, most importantly, a limited resource. Now Bitcoin capitalization is about 70 billion US dollars, and it is absolutely a wasted number from the world scale perspective. Many market experts predict a great future for this coin, for example, John McAfee believes that 1 Bitcoin by December 2020 will be USD 1,000,000.00.

If to take a look at Bitcoin chart for the entire history, one can see approximately the same picture of what is happening: rapid growth, prolonged correction, stagnation after which the cycle repeats. Moreover, every time during the correction, the media “buries” Bitcoin, and the coin after some time again renews its previous records.

8. Conclusion

Bitcoin mining, as of the beginning of 2019, is not a very profit-making enterprise without major initial investment. Bitcoin mining should be considered more like an investment for the future, when BTC becomes a very scarce asset and its value can literally skyrocket. Well, we cannot do anything but wait and actively monitor the developments.

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25 Celebrities Who Support Cryptocurrency

Cryptocurrency is a favourite of all news portals. It becomes the most discussed currency of the XXI century, everyone is interested in it, buys it, even celebrities make their own business with the help of it. Who? Let’s find out with The Coin Shark.

Ashton Kutcher

In 2010, American actor became the originator of A-Grade Investments company, which successfully invested money in the projects such as: Uber, Airbnb and BitPay.

Kutcher left a positive feedback about Bitcoin in Twitter:

Snoop Dogg

In 2013, Snoop Dogg’s albums were sold by 0.3 BTC. The exact number of albums sold is still unknown. But if he had sold the albums at the current rate of 3,5 thousand dollars, then the rapper might have earned about 1,05 thousand dollars per album.

Also, the rapper popped up on a XRP Community Night party.

Hugh Laurie

The actor became a hodler of the Bitcoins, amounting to 5,000 dollars, by his best friend’s advice.

Kim Kardashian

Matthew Roszak the founder of Bloq and various cryptocurrency projects, presented Bitcoin to an American star Kim Kardashian. He shared this news with his subscribers on Twitter:

A Bitcoin Was Gifted to Kim Kardashian

Mike Tyson

Famous actor contributed greatly to the cryptocurrencies development. In 2015, he launched the Bitcoin ATM system, after 6 months his team announced the launch of a mobile application for trading:

Donald Glover

In 2013, during an interview with “Time” the rapper expressed his admiration of Bitcoin.

I know a lot of people are skeptical, but I feel like if everything’s going to live online, why not bitcoins? Being backed by gold seems very old and nostalgic to me. Being backed to a bitcoin, which takes time to actually make and there’s this equation that has to be done, that feels realer to me and makes more sense.”

Bill Gates

Co-founder of Microsoft doesn’t hide his interest about Bitcoin.

Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.”, said Gates during an interview.

However, later Bill Gates expressed his negative attitude towards cryptocurrency.

Elon Musk

Former CEO of Tesla, the chief executive and the chief engineer of SpaceX denies that he owns Bitcoin, except of those 0,25 BTC which is a gift from a friend.  You can find this on his Twitter:

Pitbull

Armando Christian Perez, a hip-hop artist, aka “Pitbull” said that in 2012 he started investing in Bitcoin. Today he is constantly tracking the rate of cryptocurrency, however he is no longer investing in it.

Jamie Foxx

A member of Stand-UP Comedy, an american actor and singer became interested in cryptocurrency back in 2017. He was promoting a Bitcoin exchange Cobinhood on his Twitter account.

Floyd Mayweather Jr. and DJ Khaled

Floyd, the undefeated American boxer, more than anyone else is engaged in various ICO advertising. In 2017 he became an ambassador of Stox cryptocurrency project, which specializes in the markets analysis. Boxing star was also engaged in advertising Hubii Network marketplace.

Floyd Mayweather Jr. is not the only one among celebrities who was advertising aforementioned Centra project. DJ Khaled joined the boxer.  In 2017, the producer was overwhelmed with comments under an Instagram photo, where he was posing with a Centra card. Unfortunately, later, it became known that the project was a scam.

Jessica VerSteeg and The Game

No one could imagine that the model can tie her career with innovations. However, in 2017, Jessica VerSteeg Miss-Iowa 2014 launched the ParagonCoin Bitcoin-platform. We note that the project is quite specific, since it was created for marijuana industry.

Jayceon Taylor, a hip-hop artist, more known as “The Game”, supported Jessica VerSteeg. He made a video about promoting the Paragon platform.

Mel B

A british singer and a former member of Spice Girls back in 2014, she was selling her christmas single for a Bitcoin. After partnership with a London cloud mining service CloudHashing, she became the first performer in history who was selling music for BTC.

Madonna,Lady Gaga,Jennifer Lopez,Kelly Joyce

Well-known singers, they were the first ones who accepted payment in BTC. The amount of fee depends on singer’s popularity. The advantages of such payment are that celebrities gain their net profit without taxes, which are not charged from cryptocurrency and fans do not overpay for the performance.

Madonna

This celebrity should  be pointed out of all four divas. In 2018, Madonna supported Ripple’s social action, during which they were collecting funds for the orphans from an African Republic of Malawi.

Ghostface Killah

In October,2017, Ghostface Killah a member of a hardcore hip hop band called Wu-Tang Clan, became a founder of Cream Capital company, which specializes in promotion and funding services for cryptocurrency startups. During the ICO the company earned $30 million.

The name of the company is identical to a Wu-Tang Clan hit – C.R.E.A.M. ( Cash Rules Everything Around Me ).

Richard Sherman

Richard Sherman, a player of the american football team “Seattle Seahawks”, have invested in several cryptocurrencies. Even his family cannot stop his bigotry.

Sherman managed to earn on the rate growth when it was at $20,000.

Later, Sherman cashed his Bitcoin and managed to earn while it cost $20 thousand per coin. Moreover,  he is a representative and an investor of Cobinhood crypto exchange.

Johnny Depp

In the fall of 2018, the actor became a partner with TaTaTu blockchain startup, which deals with film-making.

Infinitum Nihil Film Company, which belongs to Johnny Depp will produce documentaries and digital content according to the agreement with the crypto project.

Johnny has the ability to conceptualize material in a way that few can, and is unburdened of conventional industry formulas that dictate the projects that get made, traditionally, as we make strides to embrace disruptiveness, Johnny will be a key collaborator with us and we are tremendously excited to back his visions and instincts on stories to bring to life.”, said Andrea Iervolino the founder of TaTaTu.

Mark Cuban

An american entrepreneur, a billionaire had his own rule for investment in cryptocurrency, which he shared with the crypto community.  He is sure that any funds that don’t have the exact purpose should be invested in the digital currency.

Lionel Messi

In the winter of 2017, the legend of the Barcelona football club became an official global ambassador of Sirin Labs Israeli company, which is developing the world first crypto smartphone called Finney. Messi shared this news on his Instagram.

Sirin Labs advertising slogan is:


Let’s kick some goals together and bring Blockchain technology to the mass market.”

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