User:TwoJays18/sandbox

ZelCash is a privacy cryptocurrency utilizing Zk-SNARK, forked from ZCash, the Equihash 144,5 (Zhash) POW hashing algorithm, and LWMA difficulty retargeting algorithm. ZelCash officially launched January 31st, 2018. ZelCash was started by Zel Technologies, GmbH.

Details
ZelCash is an open source cryptocurrency that can be used to transact value over the blockchain. Utilizing z-addresses from the Zerocoin protocol, transactions can be made private, or with t-addresses (transparent), made openly on the public ledger. Some of the coin specifications are as follows:


 * Maximum supply: 210 million
 * Block reward size: 150 Zel
 * Block target find time: 2 minutes
 * Circulating supply as of 11Oct18: 40 million
 * Halving time: 2.5 years

ZelCash is planned to be the incentivizing reward for ZelNodes, a fully decentralized and scalable computing network, and is the first listed asset within the ZelCore multi-asset wallet. ZelCash will also have multiple utilities as part of the Zel ecosystem, including usage on ZelEx, the planned decentralized exchange built natively into ZelCore.

History
ZelCash was released on January 31, 2018 by Miles Manley, then a 15 year old from Great Britain. Miles envisioned a complete ecosystem, from asset storage and custodial rights of a user, to a decentralized network capable of running dapps and smart contracts at speeds necessary to outpace demand

ZelCore
ZelCore is an encrypted, multi-asset wallet supporting more than 60 different crypto assets including POW coins and ERC-20 tokens. The application allows users to create an account with a username and password to generate private keys necessary to hold digital assets. The login credentials are double-hashed with private salts for security with no personal or identifiable information being stored remotely.

ZelNodes
A fully decentralized, scalable, high-availability network of computing power, with hardware being supplied by node operators that are incentivized with a chunk of each block find of ZelCash. The network aims to be decentralized both in the number of people who hold ZelCash to be collateralized to operate a node, and in the geographic location of each server.