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ECC researcher Daira Hopwood presented a research proposal for sharding architecture. In September 2019, Sean Bowe, researcher at Electric Coin Co., proposed Halo, a novel technique for practical recursive zero-knowledge proofs. There are several approaches to making blockchains scalable, both at the protocol layer (layer 1) and at the application layer (layer 2).

Scalability: Scalability work is in progress.

#13 gpu zcash miner parts zip

The next network upgrade, Heartwood includes ZIP 213, which would allow miners to mine directly to a shielded coinbase. The top mining pools for Zcash include Flypool, Nanopool and Slushpool. Zcash community members voted against ASIC-resistant protocol updates in mid-2018 citing security concerns. ASICs can be customized for a particular use (such as mining Zcash) and therefore outperformed previous mining hardware such as CPUs and GPUs.

#13 gpu zcash miner parts professional

As mining hardware evolved, ASIC machines became the preferred mining machine for professional cryptocurrency miners and mining pools. Mining: Originally Zcash could be mined at home, using CPU or GPU machines.

#13 gpu zcash miner parts upgrade

After network upgrade 4, 8% of the block reward will be transferred to the Dev Fund and managed by a Major Grants Review Committee. During the first four years of Zcash, 10% of the block reward was transferred to the Founders Reward fund and distributed to the Electric Coin Co., Zcash Foundation and initial investors.

Funding Structure: Zcash pays out a portion of each block reward to fund protocol development and (for the first year) to pay back investors.

As a nod to Bitcoin’s creator, a zatoshi is the smallest amount within Zcash representing 0.00000001 ZEC, one hundred millionth of a ZEC. The ticker symbol used to represent Zcash is also “ZEC”.

Units and divisibility: The unit of account of the Zcash system is a ZEC.

Multisignature transactions currently only available for public transactions.

Transaction expiration to reduce mempool bloat default expiry is 40 blocks (50 min).

Encrypted memos to pass along messages or other useful data.

0001 ZEC default for all transactions, but configurable.

Like Bitcoin, Zcash has a fixed total supply of 21 million units.

This allows compliance with payment for auditing, tax regulations, or anti-money laundering rules. This allows for “selective disclosure”, where transactions are auditable but disclosure is under the participant’s control.

Viewing keys: The owner of a z-address can share its transaction details with trusted third parties via a view key–a key that grants read access but not spend authority over the address.

However, all transactions appear on the public blockchain, so a transaction is known to have occured and what fees were paid.

The most secure transaction is a shielded (z-to-z) one, which encrypts the sender and receiver addresses and transaction amount. Transactions involving shielded addresses include shielded (z-to-z), shielding (t-to-z), and deshielding (z-to-t), with the z-address getting privacy protections. Transactions: Transactions between two transparent addresses (t-addresses) work just like Bitcoin: the sender, receiver and transaction value are publicly visible.Today, most wallets and exchanges exclusively support t-addresses, although support for shielded addresses is available for mobile and desktop wallets.

There are privacy implications of shielding or deshielding information through these transactions. Funds can be transferred between z-addresses and t-addresses. Z-addresses start with a “z,” and t-addresses start with a “t.” The two Zcash address types are interoperable. Addresses: Zcash has two types of addresses: private (z-addresses) and transparent (t-addresses).This is a quick summary the Zcash technology page has additional information and examples.