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Cryptocurrencies

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Running head: CRYPTOCURRENCIES 1
Cryptocurrencies
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CRYPTOCURRENCIES 2
Cryptocurrencies are internet-based assets created as a medium of exchange.
Cryptocurrencies use cryptographical functions in making a financial transaction. Parties can
send cryptocurrencies directly using private keys. They help parties avoid high processing and
steep fees in operation. They use decentralized control since they are not under a body that
controls its exchange.
Cryptocurrencies
Zcash aims at using cryptography for advanced privacy. It supplies 21 million units and
allows users to objective discloser and proves payment for audit purposes. It is private digital
cash founded by Wilcox in 2016 (Biryukov & Tikhomirov, 2019). Dash is also cryptography
founded by Duffield in 2014. It is open-source in the form of decentralized digital money. It
allows the untraceable transaction. It is an altcoin and was subject to a pump and dump.
These two are in the cryptography industry and share some things in common such as
block size of 2MB and block confirmation time of 2.5 minutes. The two cash allows trade
0.00000001 units. The two also makes the online transaction and are acceptable by a
considerable number of users in the globe. There are numerous differences between the two
cryptocurrencies. First, Dash launched earlier than Zcash since it launched in 2014 and 2016,
respectively. Privacy features also explain the differences between the two currencies. Zcash
network bases its transactions on zk-SNARKs. This network encrypts the sender, recipient and
money. Dash offer increased privacy via the PrivateSend wallet. It also allows transactions
without privacy safeguards. One asks for it when needed. Zcash uses the PoW algorithm while
Dash uses hybrid PoW/PoS. In Zcash, 12.5 out of 50 go to miners in every ten minutes. In Dash,
10% of the coins go to the founder’s reward, and the remainder splits into 45% and 45%for
Masternodes and the remaining 10% funds Dash developments.
Block reward halving also outlines the difference between Zcash and Dash. Zcash block
rewards halving is only possible in every four years, while there is no halving in Dash since it
undergoes a 7% decline every year. Zcash has a total of 21 million units, while Dash has 18.9
million units. People consider that Zec will be thoroughly mined. Dash has 8.8 million coins
mined and expects that all units will be mined by 2050 (Egorova, 2017).
The business part of the two currencies Zcash works on an updated version, making
scalability possible. Updates make it possible to make unlimited transactions. The market
expects Dash to become among the biggest gainers. It is syndicated with numerous payment
programs like Venezuela Dash Charity Program.
I have not transacted any of the above cryptocurrencies, but I have some interest in
understanding them. Understanding involves gathering information about the two
cryptocurrencies to evaluate the best currency I would wish to transact in the future. Based on
the above and performance by the two cryptocurrencies, I gained more confidence with Dash
than the Zcash. A miner can also get higher proportions in Dash than in Zcash that has a flat rate

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Running head: CRYPTOCURRENCIES 1 Cryptocurrencies Institution Affiliation: Date: CRYPTOCURRENCIES 2 Cryptocurrencies are internet-based assets created as a medium of exchange. Cryptocurrencies use cryptographical functions in making a financial transaction. Parties can send cryptocurrencies directly using private keys. They help parties avoid high processing and steep fees in operation. They use decentralized control since they are not under a body that controls its exchange. Cryptocurrencies Zcash aims at using cryptography for advanced privacy. It supplies 21 million units and allows users to objective discloser and proves payment for audit purposes. It is private digital cash founded by Wilcox in 2016 (Biryukov & Tikhomirov, 2019). Dash is also cryptography founded by Duffield in 2014. It is open-source in the form of decentralized digital money. It allows the untraceable transaction. It is an altcoin and was subject to a pump and dump. These two are in the cryptography industry and share some things in common such as block size of 2MB and block confirmation time of 2.5 minutes. The two cash allows trade 0.00000001 units. The two also makes the online transaction and are a ...
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