Zcash ZEC to HoryouToken HYT Exchange

Crypto Pair Details: ZEC to HYT

Zcash ZEC

Zcash is a decentralized and open-source cryptocurrency that offers privacy and selective transparency of transactions. Zcash payments are published on a public blockchain, but the sender, recipient, and amount of a transaction remain private. Zcash is based on peer-reviewed cryptographic research, and built by a security-specialized engineering team on an open source platform based on Bitcoin Core's battle-tested codebase. Our improvement over Bitcoin is the addition of privacy. Zcash uses advanced cryptographic techniques, namely zero-knowledge proofs, to guarantee the validity of transactions without revealing additional information about them. How Zcash works Zcash encrypts the contents of shielded transactions. Since the payment information is encrypted, the protocol uses a novel cryptographic method to verify their validity. Zcash uses a zero-knowledge proof construction called a zk-SNARK, developed by our team of experienced cryptographers based on recent breakthroughs in cryptography. These constructions allow the network to maintain a secure ledger of balances without disclosing the parties or amounts involved. Instead of publicly demonstrating spend-authority and transaction values, the transaction metadata is encrypted and zk-SNARKs are used to prove that nobody is cheating or stealing. Zcash also enables users to send public payments which work similarly to Bitcoin. With the support for both shielded and transparent addresses, users can choose to send Zcash privately or publicly. Zcash payments sent from a shielded address to a transparent address reveal the received balance, while payments from a transparent address to a shielded address protect the receiving value. Check out CoinBureau for guide on What is ZCash.

HoryouToken HYT

Horyou, is a unique platform for social good, allowing to share ideas, be inspired and help each other. Horyou connects individuals, organizations and entities fostering social good (https://www.horyou.com/). Blockchain is one of the latest revolutionary technologies. It has taken industries by storm and shown a new way of embracing technology with the most advanced concepts of decentralization, inclusion and participation. Blockchain technology holds great promise. However, up until now, a plethora of interests has flooded Blockchain platforms and projects with speculative strategies, driven by greed and speculation rather than vision and passion. At a time when society is facing worldwide challenges including those mentioned within the United Nations Sustainable Development Goals, we believe in technological advancements that create a fairer, more inclusive and more sustainable world. So, how can Blockchain be at the service of social good? At Horyou, we believe in Blockchain supporting decentralization and bringing social good everywhere in the world. We call it Blockchain with a Purpose. We're introducing HoryouToken, our utility token built on top of Ethereum Blockchain to fuel the virtuous circle of Horyou interactions. HoryouToken makes it possible for anyone to participate in social good by providing access to a traceable and intelligent philanthropic redistribution service called 'Proof of Impact'.

SOURCE: COINGECKO

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