Review on Zel by Fabrizio Zampieri
ZelCash is a mineable digital currency based on the technological foundations…
ZelCash is a mineable digital currency based on the technological foundations of the cryptocurrency Zcash which utilizes zero-knowledge proofs, commonly seen in many privacy coins. The inclusion of zk-SNARKs within this technology means that transactions can be shielded allowing for complete anonymity between users.
ZelCash plays a strategic and central role in the Zel ecosystem, in fact it is used as an incentive to own a ZelNode to enable the creation of ZelEx and the ZelDev Platform. This ecosystem is also completed by ZelID and ZelCore.
- ZelCore is a multi-asset encrypted wallet and platform with a comfortable UI akin to the apps and services you already use every day. With no remote storage of personal information, 100% of the security is placed in the user’s hands.
- Zel ID is an innovative approach to getting away from centralized authorization and two-factor authentication services that are vulnerable to single points of failure. Utilizing decentralized 2FA running on the Zel chain, users can authenticate themselves to any service that integrates the Zel d2FA service.
- ZelEx allows users to exchange pairings right inside of ZelCore, using their assets and addresses, never giving up custody pre-order. With simple and advanced exchange options, ZelEx can be utilized by any trader, regardless of experience level.
ZelCash is a community driven and supported POW based cryptocurrency. Users can mine ZelCash, support a ZelNode or POW to secure the network.
ZelCash is the currency used to access the Zel ecosystem. As a Zcash-fork, ZelCash inherits the features of private addresses and transactions. ZelCash has a total and circulating supply of 59 588 450 ZEL.
ZEL is tradable on STEX, TOKOK, TradeOgre and Trade Satoshi exchanges.
Pros
- - Safe and secure platform (all wallets are available as light nodes, with the option to download the Full Node should you require the advanced features like shielded addresses, recovering existing wallets, and much more). - Powerful mobile Apps (through ZelCore mobile users can take ZEL anywhere and pay anywhere). - Zel offers multiple wallets for many platforms. - Encrypted Multi-asset Wallet (users can enjoy quick, easy access to all their favorite coins and tokens with ZelCore. ZelCore creates a “One Stop Shop” for Crypto assets and provides the gateway to DEX and dApp development). - Decentralized Exchange (Zel’s ongoing development plan is to have the first scalable and reliable DEX on the ZelDev platform). - Great and active community.
Cons
- - ZelCash ROI: +223,86% (the approximate return on investment if purchased at the time of launch). - Young projects (launched in 2018) still in early stages.
