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How does Zcash mine (Zencash mining)

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What does Zcash rely on for mining? The mechanism for mining on the Zcash networ

How does Zcash mine (Zencash mining)

What does Zcash rely on for mining? The mechanism for mining on the Zcash network involves using zero-knowledge proofs to confirm data consistency and block size on the Bitcoin blockchain. In order to give miners confidence in the Bitcoin protocol, zkcoin decided to make this technology an open-source solution.

What does Zcash rely on for mining? What types of network consensus does Zcash support? If ZCash wants to run the Ethereum Virtual Machine (EVM), it would need a software version that includes all these elements: ZEC-ASIC/SPO; whereas other cryptocurrencies based on the ERC-20 standard can choose different types of cryptographic assets, including BTC, ETH, etc.

Zencash mining

According to official sources, the Zcash Foundation recently introduced its mining mechanism: using zk-SNARK technology to achieve the privacy and irreversibility of zero-knowledge proofs (ZKP). After performing zero-knowledge verification on the blockchain, zero-knowledge encryption and cryptography are used to ensure the effectiveness of anonymity. At the same time, this mechanism also supports other applications built on the Ethereum network, such as paying transaction fees, smart contract code libraries, etc.

It is reported that ZenCash is a decentralized protocol built on a secure blockchain and managed by the community. It provides services for anyone by offering a completely permissionless technology, allowing everyone to access their own identity information through distributed applications, including email addresses, social media links, or any other form of content.

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