The domain of digital currencies, also known as cryptocurrencies, is a very diverse and ever-changing financial space. Unlike the traditional fiat cur
The domain of digital currencies, also known as cryptocurrencies, is a very diverse and ever-changing financial space. Unlike the traditional fiat currencies that have existed for centuries, the technology behind cryptocurrencies is still new and exciting. In their case, the basic element that allows for their functionality is the blockchain tech that is operating as a virtual ledger of all transactions that take place on a network that is run mainly on a peer-to-peer (P2P) principle. Among a large number of cryptocurrencies is also one called the ZcCoin. The cryptocurrency, along with the network that runs it, presents a very interesting project and here are some of the most basic facts about it.
ZcCoin Basic Info
The P2P network behind ZcCoin was, according to its official website made operational on August 8th, 2013. The network was started with a framework used script-jane and YaCoin while being based on a POS+POW principle. At the start, the network provided each minute 50 coins for every mined block with a range of different mining difficulties. 520 mining confirmation were initially needed and the network has a Nfactor that began from 12. The key element of the network was to provide a digital coin system or a cryptocurrency with equal opportunity. Today, as well as back then, the network has a total sum of 1 billion coins that can be mined, which carry a ZCC designation. With all of this in mind, it is clear that the ZcCoin cryptocurrency network was built on exceedingly solid foundations.
ZcCoin on the Markets
Because of the fact that the cryptocurrency came in with a low profile, it took it some time to attain its position on the markets. At first, the ZcCoin was determined to find its place on the coinex.pw and cryptsy.com as digital currency exchanges that would hold the same currency on their offer. Of course, the entire procedure of getting a cryptocurrency listed is not an easy process by any means. That is why since then, both of these exchanges stopped working. But, the situation is completely different for ZcCoin which keeps going strong as a small and growing cryptocurrency.
Future of ZcCoin
Currently, as of March 27th, 2017, the price of a single ZcCoin coin is $0.00611745 or related to the most popular cryptocurrency in the world, bitcoin, the price of one ZCC coin is 0.00000599 BTC. This means that for anyone who wants to get into the cryptocurrency business, ZcCoin represents a very viable alternative. With a huge portion of that 1 billion ZCC coins that still have to be mined, the rewards of entering the network now could be huge one day for both miners and traders.