Nimble is partnering with Verida to build a decentralized insurance protocol. (Read More)

Binance, the global leader in crypto trading volume, has successfully registered new corporate entities in Calgary, a city in the province of Alberta Canada according to a local report. The report adds that Binance also completed two high-profile hires to push its regulatory compliance move. Binance cementing its regulatory compliance in Canada with incorporation and

The post Bianance Expands Global Reach with Registration of Three new Corporate Entities in Calgary appeared first on CoinGape.

People use bitcoin by sharing their payment address that looks like this : mp525tN8b3v4aos32hQT8E6cepdhZVyqVC Let us suppose this bitcoin address belongs to a shopkeeper. The shopkeeper puts this address on a poster behind the shop in the form of a QR code. Now, customers can scan that code with their bitcoin wallet application to pay for their bought items.  The problem is anyone can look for that address in the bitcoin blockchain and can see every incoming or outgoing transaction of that address and the total bitcoin balance of the address. Anyone with that information can get an idea of how rich the shopkeeper is and how successful the shop has been in the past. This information can be exploited by bad actors such as robbers for their personal gains. Also, if we are sitting next to someone while they pay for their bought items, then we can get the idea of how rich the customer sitting next to us is, by seeing the most recent incoming transaction to the shopkeeper’s address and then looking up the balance of the sending address i.e the customer address. So, Bitcoin does not provide full financial privacy, and your average innocent user gets no privacy whatsoever. There are various examples like this, where user privacy can be breached and information gained through it can be exploited by bad actors for their personal gains. Zcash protocol solves this problem of financial privacy for the users. It allows users to send money anywhere without risking their privacy.  What is Zcash and How does it enhance privacy? Zcash is a privacy cryptocurrency that provides anonymous value transfer using zero-knowledge-proof cryptography technology. Zcash is a bitcoin fork and most of the Zcash code is built from bitcoin’s original open-source code but there is a key difference that it uses encryption techniques in payments for privacy. The protocol provides two choices to the user when they transact, they can choose a shielded address for their transaction which will be fully anonymous or they can choose a transparent address where their transactions will be fully visible on the blockchain. When the user uses a shielded address for their transactions, details of transactions are not available for the public to see on the blockchain. Shielded addresses transaction information is encrypted and is not visible to the public. All the transactions that are executed by transparent addresses are visible publicly on the blockchain. How does Zcash Works?           The above diagram shows the whole process of Zcash transactions Zero-knowledge proofs are required to be generated when the user uses shielded addresses for transactions. It allows others to verify transaction details by keeping them private and not revealing them to the public. Shielded addresses always start with a ‘z’ and are called ‘z-addrs’. Similarly, when the user uses transparent addresses, all the transactions interact with the Transparent Value Pool and transactions details are publicly available in the blockchain. These transparent addresses always start with “t” and are called ‘t-addrs’. All the details of transaction fees of both transparent addresses and shielded addresses transactions pass through the Transparent Value Pool and are easily visible in the blockchain.  Tokenomics Zcash token symbol is $ZEC. Similar to bitcoin, the maximum supply of Zcash tokens is 21 million. All Zcash tokens will be mined by 2032, and Zcash block rewards will get halved every four years. In the initial four years after the starting of Zcash mining, 20 percent of its block rewards will be distributed to Electric Coin Company, and 80% of its block rewards will be distributed to miners. At the time of writing this article, the circulating supply of Zcash is 11.99 million, the price of Zcash token is 144.40 US dollars and the market cap of Zcash is 1.73 billion US dollars. Main Features of Zcash Low-Fee Transactions Transactions fees on Zcash protocol are very low i.e 0.0001 Zcash. Zcash token is supported by various crypto wallets and exchanges. Encrypted Memos   When a user does transactions from a shielded address, a memo field is available to fill in any information. Encrypted memos allow the sender to send information that is encrypted and not available for the public to see. Messages and important information can be passed in the memo field. The Rules of compliance made by the Bank Secrecy Act “Travel” are also followed. Viewing Keys For the purpose of regulatory compliance or auditing, transaction details can be revealed by the owner of shielded addresses. The owner can reveal all the incoming transactions and the info in the memo field but can’t disclose the sender’s address unless any information identifying the sender’s address is already mentioned in the memo field.  Multi-Signature Transactions Zcash also supports transactions that require signatures of multiple parties and after their approval, the funds … Continued

The post Zcash Protocol Review: Providing Financial Privacy to Public appeared first on Cryptoknowmics-Crypto News and Media Platform.

Sony released the 10 best-selling PSVR games on the PS Store for 2021 but... No new games ranked, just as with Steam's list.

The Bitcoin (BTC) price has regained momentum after sellers pushed the largest cryptocurrency below the $40,000 level.

Coinbase, the US’s biggest cryptocurrency exchange by trading volume, has announced the acquisition of FairX, a US registered futures exchange. The move will see Coinbase finally filling the gap in its portfolio offering with a move into crypto derivatives. Coinbase looking to capitalize on the crypto derivatives market with acquisition of FairX Coinbase exchange is

The post Coinbase ($COIN) to Acquire Futures Exchange FairX, Can it Beat Other Crypto Exchanges? appeared first on CoinGape.

Is loyalty fraud on your radar? Here's why your hard-earned reward points and air miles may be easy pickings for cybercriminals.

The post Making loyalty pay: How to keep your loyalty rewards safe from scammers appeared first on WeLiveSecurity

The International Monetary Fund (IMF) admonitions the connection between cryptocurrency and financial markets, which posits risks to the financial system, reports Outlook. The international body presents a report saying, “digital assets no longer form the edge of the financial system. Eying on their high volatility & the enhancing association between cryptocurrencies, the stocks are seen

The post Crypto Not ‘Fringe’ Anymore, Connection to Stocks Might Comprise Risks: IMF appeared first on CoinGape.

The price of Bitcoin Cash (BCH) is in a downtrend. At press time, the cryptocurrency is trading at $376.

UWIM makes token creation open for end-issuers with no extra development and audits. UWIM’s product mechanics utilize lots of token ...

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Shiba Inu fans have some good tidings, which shows some positive gains after its listing on Bitso Mexico’s biggest cryptocurrency exchange.  However, if the meme-based crypto coin can maintain its momentum or be a repeat story of its listing in Kraken, it needs to be seen. Coindesk reported that Shiba Inu (SHIB) jumped 16% on

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