Zcash Review

Zcash Review

To speculate on Zcash you can : use Bitmex Leveraged Trading or Genesis Mining. Zcash will be launched on :  October 28, 2016.

Zcash or “zero-knowledge proof” is a new cryptocurrency which is similar to bitcoin. The difference is that the transactions between two parties can be made anonymously unlike Bitcoin.

SWOT Analysis

Strengths

Based on Bitcoin, thus able to use bitcoin infrastructure.

Anonymous

It has all the benefits of a cryptocurrency

It has a better governance system than most other coins, while some see this as a disadvantage. Do you prefer to be on a ship with a captain or without?

Weaknesses

There is one central key to the whole Zcash Kingdom and if this is mishandled the transactions are no longer anonymous.

While tests have been going on Zcash for months, technology does break.

Based in the US. This could go either way.

Opportunities

Recent ICOs has seen the price of altcoins skyrocket. I would not be surprised that with the hype surrounding this one, the same happened here.

Bitcoin has challenges at the time of writing; the bitcoin miners and core development team have not agreed how to solve the block size issue yet. If they continue to delay, another coin could become the next “go to” cryptocurrency. Zcash  potentially could push Bitcoin from its Crypto throne.




Mining will start slowly, meaning that there will not be a “gold rush” or “Zcash rush” and the early birds will take it all.

Threats

Governments do not like secret messages, secret money or secret anything. They could ban it.

There are other altcoins based on secret such as Monero, Stealth Coin and Dash which could become the preferred secret coin of those who like secret coins.

Someone could decide to fork Zcash, meaning they would create a clone. Similarly to what happened with Etherum.

How to speculate on Zcash:

If you would like to speculate on Zcash there are two ways you can do it.

Bitmex Leveraged Trading

Example Trade:

For example, to buy 10 Bitcoin worth of contracts, you will require 5 Bitcoin of Initial Margin.
A trader wants to goes long 10 XBT of ZEC futures contracts. ZECZ16 (the Zcash futures contract expiring in Dec 2016) trades at 0.0100 XBT. As the leverage is 2x, the trader only needs 5 XBT of margin for this trade.

The trader must buy 1,000 contracts: 10 XBT / (0.0100 XBT * 1).

A few days later, the price rises to 0.0150 XBT and the trader sells all their contracts.

The trader’s profit will be: 1,000 * 1 * (0.0150 – 0.0100) = 5 XBT

Genesis Mining

With Genesis mining, you can simply by the hash power (computer power) to Mine Zcash. Mining is the process by which the ledger of transactions is maintained. The miners are rewarded for their services by being paid in Zcash. There have been many Bitcoin mining scams, Genesis mining has been around longer than most

This is a speculative investment, you have been warned!

For more info visit z.cash