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

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HNT coin price shows an excellent selling opportunity as the price retests the bearish breakout of the flag pattern. Should you sell as well? Helium seeks to enhance the capabilities of wireless communication Internet of Things (IoT) devices. The infrastructure surrounding IoT was in its infancy. However, developers were looking to add the concept of decentralization and hence refer to Helium in the form of “The People’s Network” in the official documentation. Its main draw will be for owners of devices as well as those who are looking to enter the IoT area, and financial incentives will provide more opportunities to reach out. Let us move ahead to read about Helium technical analysis. Past Performance of HNT HNT coin price grows more than 15% resulting in a bullish reversal from the horizontal level at $30. However, the price jump retests the bearish fallout of the flag pattern. Therefore, traders can shortly find the prices resuming the downtrend.  HNT/USD Daily Chart HNT Technical Analysis The news so far for HNT and the company has been positive, with the network expanding to 5G coverage, and the coin prices touching the $50 barrier. Furthermore, Helium has announced a new collaboration with the major carrier Dish. The HNT price action indicates resistance levels at $45 and $52 above the flag pattern. The support levels are at $26 and $21 which can halt a downfall if the price fails above $30. The crucial EMAs (50, 100, and 200) keep a positive alignment in the daily chart. The price action finds resistance near the 50-day EMA after the recent rise. The falling prices can find support at 100 and 200-day EMAs, and the fallout of each will increase the bearish attention. The RSI indicator at 47% fails to rise above the 14-day SMA and the central line in the daily chart. Therefore, the rejection can shortly increase the underlying bearishness. The MACD indicator shows the MACD and signal lines failing to sustain above the zero line after the bearish crossover. Therefore, the indicator gives a sell signal for the coin. Upcoming Trend The technical indicators reflect underlying bearishness ready to overtake the trend control in the HNT coin. Moreover, the price action shows the retest of the bearish breakout of the flag pattern. Therefore, the bearish signals overwhelm the bullish powers. Therefore, traders can find selling opportunities at current prices with a target near the 200-day EMA. However, safe traders can find an entry opportunity at the $30 fallout with the target at $21.

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