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Zcash Protocol Review: Providing Financial Privacy to Public
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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CELR Technical Analysis: Bullish Frenzy Hints at a Double Bottom Breakout
CELR coin price action reflects increased chances of a double bottom breakout to drive the price higher above the $0.10 mark. While blockchain can be exciting, however, it leaves a lot to be desired when it comes to the speed of transactions and efficiency. Celer Network is a cleverly designed layer-2 scale solution that allows off-chain transactions processing. The Celer platform provides rapid, easy as well as secure transactions off-chain for smart contracts and payment transactions. Let us move ahead to read about the Celer technical analysis. Past Performance of CELR CELR coin price grew more than 25% from the $0.06 mark, resulting in the double bottom pattern in the daily chart. Moreover, recent bullish candles formation indicates a reversal in the short-term downtrend. The neckline of the pattern is at $0.085, the breakout of which will mark a bullish milestone. CELR/USD Daily Chart CELR Technical Analysis The CELR Network fills a vital space in the cryptocurrency market. Its interoperability and its blockchain-agnostic design are ideal for growing DeFi communities. Users can take advantage of Celer’s features for more ROI-related opportunities, as well as, save on fees and reduce time to complete transactions. The crucial EMAs (50, 100, and 200) showcase a rise in underlying bearishness evident by the death cross in the daily chart. Moreover, the EMAs can show dynamic resistance to the increasing prices. The CELR price action indicates resistance levels at $0.10 and $0.12 above the neckline at $0.80. The support levels are at $0.60 and $0.40 which can halt a downfall if the price fails to give a bullish breakout. The RSI indicator at 51% shows a spike in the slope as it breaks above the center mark and the 14-day SMA. Moreover, the SMA takes a bullish slope and indicates a rise in bullish powers. The MACD indicator shows a reversal in the MACD and signal lines as they overcome the influence of the recent bearish crossover. The lines regain the uptrend momentum and give a bullish crossover. Therefore, the indicator showcases a bullish revolt in action. Upcoming Trend The upcoming trend in the CELR coin price seems to be bullish as the chances of the double bottom breakout increase significantly. The technical indicators and the price action suggest the breakout opportunity. However, safe traders need to be patient and wait for the price action confirmation.
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Connecting Web2 and Web3 With Cryptocurrency
The changing shift from a Web2 to a Web3 future has been growing rapidly in the last 1 year, but blockchain technology is even taking the…
Market highlights January 13: Crypto market buoyant, UK markets highest since end 2019
The crypto market was higher over the past 24 hours, as the majority of top 10…
The post Market highlights January 13: Crypto market buoyant, UK markets highest since end 2019 appeared first on Coin Journal.
The Future of Tokenization: How UWIM is Making Blockchain Accessible to End-Issuers
UWIM makes token creation open for end-issuers with no extra development and audits. UWIM’s product mechanics utilize lots of token ... STL and Robin.io to Deliver Core Technologies to Empower 5G Stacks for Enterprises and Cloud Service Providers
"Built on the foundation of cloud-native, zero-touch automation and open architectures, the integrated marketplace solution will enable CSPs to deliver new revenue models and accelerate customer onboarding while keeping service delivery costs in check. The marketplace solution, built jointly by STL and Robin.io for service providers and enterprises, will disrupt the way XaaS frameworks are built and delivered," said Partha Seetala, founder and CEO of Robin.io.
STL Enterprise Marketplace is a new-age, platform-based model that simplifies collaboration and has the potential to open up multi-sided marketplace opportunities. STL offers end-to-end software solutions for creating new-age digital services, building new business models, and opening new revenue streams.
The Platform brings together service providers, partners and enterprise customers from different verticals on the same Platform. Robin CNP provides storage, network management and scheduling to run complex network workloads from application vendors and partners across a wide spectrum of use cases. The synergy provides a complete platform for partnership, collaboration and co-creation targeted for enterprise telco customers.
Commenting on the collaboration, Saikat Mitra, COO of STL Network Software, said, "Extreme automation and true cloud-native platforms are key to accelerating digital transformation. In its endeavor to bring innovative XaaS offerings faster to the market, STL has been supporting a hybrid network ecosystem with its 5G Enterprise Marketplace and 5G monetization initiatives. In this strategic partnership, we are bringing our Enterprise Marketplace Platform enabling Robin.io to achieve seamless cloud infrastructure management for multi-datacenter, multi-cloud and multi-edge ecosystems and actualize their vision on 5G, IoT and WiFi."
There is a growing trend amongst the Communication Service Providers (CSPs) to become an enterprise platform provider to leverage the massive opportunities it provides. The STL Enterprise Marketplace Platform, paired with Robin Multi-Data Center Automation Platform (MDCAP) and Robin CNP, equips service providers with the technology needed to break in and dominate the enterprise XaaS market. The collaboration announced today provides telcos an agile, scalable automation solution for 5G designed to help them reduce risk and accelerate time to value.
About STL
STL (Sterlite Technologies Ltd) is an industry-leading integrator of digital networks that helps telcos, cloud companies, citizen networks and large enterprises deliver enhanced experiences to their customers. STL provides end-to-end, 5G-ready solutions ranging from wired to wireless, design to deployment, and computing connectivity. Our core capabilities lie in Optical Interconnect, Virtualised Access Solutions, Network Software and System Integration. For more information on the STL Enterprise Marketplace Platform, please visit www.stl.tech.
About Robin.io
Robin.io provides cloud-native capabilities that automate deployment, scaling and lifecycle management of enterprise and 5G applications on Kubernetes. The company's core technology uses application bundles and application pipelines, which are automated through patented infrastructure and application-topology awareness technology. Robin.io allows developers and platform engineers to deploy and easily manage data rapidly- and network-centric applications-including big data, NoSQL and 5G-independent of underlying infrastructure resources. Robin is used globally by companies including BNP Paribas, Palo Alto Networks, Rakuten Mobile, SAP, Sabre and USAA. Headquartered in Silicon Valley, California, Robin.io solutions are recognized by Gartner, IDC, GigaOm and others for their innovation and reliability. More at www.robin.io and Twitter: @robin4K8S.
Media Contact:
Vijayalaxmi Shinde
[email protected]
Source: https://tinyurl.com/robinio
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comRobin.io, a leader in Kubernetes data management for enterprise applications and operator 5G solutions, announced a strategic collaboration with STL [NSE: STLTECH], an industry-leading integrator of digital networks, to offer an XaaS as-a-service solution. The XaaS solution will leverage the STL Enterprise Marketplace Platform with the Robin Cloud-Native Platform (CNP) to deliver enterprise applications and 5G services effectively.
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