Category: Analytics

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Privacy Giants: Zcash vs Monero

The thing about most cryptocurrencies is that they have transparent blockchains behind them. What this means is that data about every transaction is recorded and made accessible to anyone on the public ledger. With a little bit of effort, it’s practically easy for anyone to link wallet addresses to the individuals behind them through blockchain forensics. Under such conditions, it’s challenging for users on a blockchain to truly enjoy transaction privacy.

With that said, a few cryptocurrencies have decided to focus on privacy as their major goal. If you are familiar with privacy coins, then you most likely have come across both ZCash and Monero. Both of these coins attempt to solve the privacy problem associated with other blockchains. Today, we take a look at how each coin treats privacy, along with some differences between them. Let’s get started.

Zcash vs Monero

Both Zcash and Monero are among the most popular privacy-centred coins in the market today. Here’s a little background information on each cryptocurrency.

Zcash vs Monero: What’s ZCash?

Zcash is a privacy-oriented cryptocurrency that was launched in 2016 in a bid to solve the privacy issues associated with Bitcoin at that time. It utilizes the zk-SNARK zero-knowledge proof technology to ensure that transactions on the Zcash network can be verified without revealing too much information. By default, transactions of Zcash don’t reveal the details of a transaction. However, there is an option to reveal this information for the sake of regulatory compliance or auditing.

Zcash vs Monero: What’s Monero?

Monero’s origins can be traced back to Bytecoin, a privacy-centric cryptocurrency that was launched back in 2012. Monero was born two years later when the Bytecoin network was hard-forked. Monero’s primary goal was to offer an unprecedented level of privacy and decentralization such as there has never been before. It utilizes a complex cryptographic protocol that involves ring signatures and stealth addresses to hide the identity of users and transactions on the network.

What’s the difference between ZEC and XMR?

Although both of these coins offer the same idea of enhanced security and privacy, they are significantly different in how they do it. Here are some of the differences between Zcash and Monero.

	Zcash	Monero
Symbol/ Ticker	ZEC	XMR
Launch Date	28th October 2016	April 2014
Founders	Zooko Wilcox-O’Hearn	Nicolas van Saberhagen (or a group of people under this nickname)
Block Time	1 min 15 seconds	2 minutes
Block Reward	2.5	0.80
Price	$254.44	$243.16
Market Cap	$3,346,927,847	$4,391,479,125
Total Supply	13,154,331	18,034,752
Max Supply	21,000,000	Unlimited

Monero vs Zcash: Mining

In a real sense, it’s difficult to make the argument that Monero is better than Zcash or that Zcash is better than Monero. Both of these coins are ASIC-resistant, meaning you can mine them either using GPU or CPU hardware. Mining profitability depends on a number of factors such as hardware cost, price of the coin, and the current hashrate. Therefore, the best way to compare these coins’ mining profitability is by using a mining calculator. Here is a mining calculator for Zcash and Monero.

Why Should I Convert XMR to ZEC?

In the Monero network, all transactions are private by default. On the Zcash network, users have the ability to make transactions transparent. Therefore, you are free to choose for yourself which is awesome. Remember, privacy is a right! However, you’re still the one making decisions. Each crypto has its own pos and cons, and you should rely on your personal needs and goals when opting for any of these.

How to Exchange XMR to ZEC at the best rates?

In this section, we are going to show you how to exchange XMR to ZEC or vice-versa, using Swapzone. The process is fairly simple and won’t take up a lot of your time.

Step 1. Go to the official Swapzone website.

Step 2. In the homepage, you will see the “select pair” tab.

Step 3. In the “send” section, input the amount of XMR you’d like to exchange for ZEC.l.

Step 4. In the “get up to” section, choose ZEC as the crypto that you want to receive.

Step 5. Swapzone will then provide you with a list of exchange rate offers from several exchange partners. There is an option to filter out the results. Take your time and go through the different offers.

Step 6. Once you’ve narrowed down to an offer that you want, select it and click “exchange”. A new window will pop up requesting you to provide a few more additional details such as your wallet address and email address (optional).

Step 7. Once you are done, simply click “proceed to exchange” to continue onto the next step.

Step 8. This will trigger the transaction process to begin. Be a little patient as the process runs in the background.

Step 9. The exchange partner will process your transaction and you will receive ZEC in your wallet address. Simply take a moment to rate the exchange partner and rate the experience.

FAQ about exchanging XMR to ZEC

Why is Swapzone the best place to exchange Monero to Zcash?

Swapzone is the best place to exchange Monero to Zcash. For starters, you don’t need to register an account on Swapzone to use it. Simply enter your wallet address and the coins you wish to exchange and that’s it. Additionally, Swapzone provides you with a list of exchange rate offers from different exchange partners. Meaning, you only get to choose an offer that you want. Lastly, Swapzone is completely free to use without any hidden fees meaning you can start exchanging coins as soon as possible.

Where to exchange XMR to ZEC?

In truth, there are many exchange platforms out there that can support XMR to ZEC cryptocurrency swaps. Unfortunately, a majority of these exchange platforms will require you to register an account on them. This is not something privacy fans would be excited about. Additionally, they will charge you hefty fees for every transaction.

Therefore, to circumvent these challenges, we recommend that you try out Swapzone as your go-to exchange platform first. With Swapzone, you can also swap Monero for over 1600+ assets, including XMR to BTC and BTC to XMR, and many more!

November 25, 2021

What Is the Next Crypto to Explode?
The adoption and popularity of cryptocurrencies have risen significantly worldwide due to the explosive growth of some cryptocurrencies, such as Bitcoin, Ethereum, Binance coin, etc. Over the years, Bitcoin has seen a fiery rise in value since its initial launch in 2010, which started at $0.0008 per token. Currently, Bitcoin has recorded an all-time high of around $64,863.10 per coin. Crypto investors and traders alike are now motivated to make the ultimate search for the next crypto to explode. So, which is the next crypto to explode in 2022? Let’s have a look at some promising and hyping projects.

Next crypto to explode: Dogecoin (DOGE)

In 2013, Dogecoin came to light as a meme coin. A joke aimed at traditional cryptocurrencies like Bitcoin. Likewise, the name and Shiba Inu brand logo revolve around a meme. Dogecoin possesses an unlimited supply of tokens with 10,000 new coins mined every minute, unlike BTC which is limited to just 21 million coins total supply.

Billy Markus and Jackson Palmer created the meme coin DOGE in December 2013 and even though it’s a meme token, it’s an open-source digital currency forked from Litecoin. As said earlier, Dogecoin was created and visualized as a fun light-hearted cryptocurrency. Twitter regulars will be more aware of several Elon Musk tweets proclaiming Dogecoin as his favorite.

Why can Dogecoin explode?

Here is the reason why Dogecoin could be the next crypto to explode. Dogecoin looks very promising in the sense that it has a very strong community, so strong that Dogecoin has one of the largest market caps in the market despite each token being less than a dollar. Dogecoin has found favor with celebrities, superstars, and CEOs such as Elon Musk. You can add Dogecoin to your watch list of cryptos set to explode in 2021.

Next crypto to explode: Solana (SOL)

Unlike other blockchains, Solana is an efficient open-source protocol supported with blockchain technology’s permissionless nature in providing Defi solutions. Although SOL has been in development since 2017, the Solana Foundation officially launched Solana crypto in March 2020. The SOL foundation headquarters is situated in Geneva, Switzerland.

Solana aims at providing a unique protocol to facilitate DApps creations and improve scalability by utilizing a Proof-of-History consensus and combining it with the underlying Proof-of-Stake consensus of the SOL Blockchain.

Why can Solana explode?

Here is the reason why SOL could be the next crypto coin to explode. Looking at which crypto is set to explode has us shining the spotlight on Solana. There is a reason why SOL token’s popularity is increasing exponentially and it is the ridiculously cheap transaction fees of just $0.00025. When you add that to the ability to mint NFT and create your own store on Solana combined with the lightning speed at which it processes transactions, you understand why Solana is being tipped as the next crypto to explode in 2022 and this is being proved in recent weeks.

Next crypto to explode: Zilliqa (ZIL)

ZIL crypto was built as a public permissionless blockchain with the ability to offer high-output and finalize thousands of transactions per second. Zilliqa provides solutions to blockchain scalability problems and speed using sharding as a second-layer scaling solution. Many DeFi apps make use of the Zilliqa platform and as of October 2020, yield farming and staking were also introduced to the platform.

In June 2017, the development team of Zilliqa officially started ZIL crypto creation and in March 2018, they were ready to launch the testnet. By 2019, the mainnet was ready and launched on the platform.

Why can Zilliqa explode? When will Zilliqa explode?

Here is the reason why the ZIL token could be crypto ready to explode. Zilliqa is a very ambitious blockchain that is aimed at large-scale businesses in advertising, gaming, and several other industries. Zilliqa wants to be their blockchain of choice and the team has started working rigorously towards that. They have even listed Mastercard and Visa as their prospective competitors. That is a hallmark of crypto ready to explode. When will Zilliqa explode? Well, we as much as the community, are eager to see the development of this project in 2022!

Next crypto to explode: Symbol (XYM)

The Symbol (XYM) crypto is branded as a blockchain protocol powered by a consensus system that offers rewards to users instead of hoarders; it features an extensible architecture via plugins instead of fixed opcodes as we have EVM.

The project became operational on the 17th of March, 2021, developed by the same core team that built the NEM protocol. NEM is well known for its efficient proof-of-importance algorithm. Thanks to the great reputation of NEM, Symbol (XYM) was able to build a strong community of developers, notably from Japan.

Some of Symbol’s big projects are Quest, a tipping platform created for streamers, and NFT-Drive, which is a blockchain storage system.

Why can Symbol explode?

Here is why Symbol could be the next crypto to explode. Symbol is instantly associated with NEM protocol because the team that built both are the same. As such, it was always going to gain popularity fast and along with that value increase. The Symbol has been able to build a strong community of ardent followers while being able to draw on the strength of the NEM community. That will make those in the NEM ecosystem interested in the XYM token making two strong communities. Moreover, having taken the best from NEM and built a better and more technologically advanced platform, Symbol could definitely be the crypto set to explode, so be sure to add XYM token to your watch list.

Next crypto to explode: Safemoon

Lastly, we have the Safemoon Protocol. Safemoon protocol is a Defi network centered around three functional features, which are Burn, LP Acquisition, and Reflection, according to its website. The Safemoon protocol combines the best of RFI tokenomics and auto-liquidity generation.

The community-driven Safemoon plans to further develop NFT market exchanges, fund-raising (Charity) projects, and educational applications.

More importantly, SFM token holders can earn as much as 80% APY depending on the number of tokens held. Thanks to its coin-burning function, there is the possibility that Safemoon will rise exponentially in value with time and could be among the crypto coins that are poised to explode in the future.

Why can Safemoon explode?

Here is why Safemoon could be the next crypto to explode. As we mentioned above, Safemoon is deflationary and that means over time the crypto will reduce in quantity and that can induce scarcity and overload the demand and supply curve to jack up the value of the token. Also, it looks like the Safemoon community is very strong, which is another hallmark of cryptos set to explode in the future.

Get the worth-watching coins on Swapzone

You can get all these next-to-explode cryptos on Swapzone, which is an exchange aggregator for the best crypto rates in the market. Diversify your portfolio with the cryptos set to explode by following this step-by-step guide:
1. Visit Swapzone and select the cryptocurrency pair and exchange you want or find the most profitable. You have the options above and you can choose any of them.
2. Input the number of tokens you want to exchange then you can select the crypto exchange that suits you by clicking on the “exchange” button.
3. Input the address where you want to receive your crypto.
4. There is also an option for a refund address, which is the address where the asset you are swapping will be refunded to incase of any issues.
5. Click on the “proceed the exchange” button to carry out the exchange.
6. You’re done with catching the next crypto to explode on Swapzone! Don’t forget to leave a review and rate the exchange partner!
September 22, 2021
Where to Find the Best Dogecoin Price?
The increasing popularity of a meme-based cryptocurrency, Dogecoin, has lured everybody to know more about the coin itself, the way it works and the Dogecoin price. And it is necessary for all those Doge Army members who want a profit share to know what the best Dogecoin exchange is and where to find the best Dogecoin price. This article will shed light on different aspects of Dogecoin, such as its transaction fee, transaction time and the current Dogecoin exchange rate to help users in choosing the right cryptocurrency exchange.

Dogecoin is faster than Bitcoin as it can be mined quickly and easily compared to the latter. You can buy Dogecoin on any credible Dogecoin exchange. Unlike Bitcoin, there is no theoretical limit to the supply of Dogecoin. Therefore, crypto geeks believe that there is little incentive in holding Doge for a long time. That is why some might want or need to temporarily convert it to other cryptocurrencies at some point. Or maybe you don’y have any DOGE on you and want to get some? This presents you with the need to find the best exchange for Dogecoin that offers the best DOGE exchange rates, asks for a lower fee, and has a faster transaction time.

What is Dogecoin?

All the crypto geeks who are already aware of Bitcoin might have an idea of the mechanism Dogecoin has. It is a cryptocurrency that is very different from the animal it is being associated with. It takes its name from a meme that emerged as a part of a joke cracked for crypto enthusiasts. Although its origin is quite unusual, it is already breaking through the crypto world like most other currencies with its popularity. The year 2021 has been a real turning point for DOGE, with it making a move and becoming the fourth-largest cryptocurrency by market capitalization.

Dogecoin was created by two software engineers Billy Marcus and Jackson Palmer and it runs on the blockchain, much like Bitcoin, Ethereum and other cryptocurrencies. The protocol consensus on which the block is created is called the proof-of-work.

The DOGE crypto is widely used for payments and purchases, but it is not a competitive option for a store of value due to its unlimited number of coins. The major reason behind it lies in the cause of its creation. It is the way it is designed.

How to choose a Dogecoin exchange & find the best Dogecoin price?

When exchanging any cryptocurrency, the first question that strikes an individual is ‘how to choose a crypto exchange?’ It is crucial to understand this because, with the increasing trends of crypto trading and investment, a new exchange appears every other day. When every other exchange claims to be the best of all and offers benefits that are hard to get over, it becomes extremely difficult to choose the one for us. But thankfully, there are a number of factors that can be considered to find the right exchange.

Some of these important factors include looking for the best rates, ratings, and fast transaction processing. Various crypto exchanges differ from each other in these prominent aspects. However, these exact features make an exchange distinctive and stand out from the rest of the lot. Its effectiveness can be determined from its user ratings and time consumption.
- The best Dogecoin price
  
  The first thing to look at while choosing an exchange is the rates. Swapzone is one such platform that has become a household name because it brings cryptocurrency exchanges with the best rates on one page. You can convert Dogecoin (DOGE) at some of the most competitive rates and choose them based on your goals from a myriad of offers.
- The best rating
  
  It is not easy to get good ratings. Users usually rate an exchange only when they are fully satisfied with the services. With Swapzone, you get to exchange Dogecoin with the top-rated exchanges. Every service is rated from 1 to 5 and has reviews to help users with decision-making.
- The best time
  
  The Dogecoin transaction time is another factor to consider while choosing your exchange, as on-time transactions are now the need of the hour. Swapzone offers some of the fastest services considering instantaneousness as its feature.
What to exchange for Dogecoin?

After choosing the right exchange, keeping in mind all the parameters mentioned above is essential. We see a number of options in terms of exchange pairs. We can exchange Dogecoin with Bitcoin, Ethereum, Ripple, and Litecoin as Dogecoin is currently seeing a surge in its value, so it can be a good option to exchange other currencies with it. Many exchanges offer you a lot of options, but the significantly important pairs are discussed below:

Bitcoin to Dogecoin

Bitcoin is the oldest cryptocurrency, but it has a limited supply of 21 million. Converting Bitcoin to Dogecoin might be an intelligent move because it is on the rise these days. Especially for traders who want to bring a chunk of their BTC holdings into the market, exchanging BTC to DOGE is an ideal option.

Ethereum to Dogecoin

Another option is to exchange Ethereum to Dogecoin. Elon Musk’s interest in Dogecoin has added a lot of value to Dogecoin. So converting your ETH to DOGE may turn out to be highly profitable in the coming times.

Litecoin to Dogecoin

Dogecoin is recently hyped as its on-chain-stats have improved remarkably against protocols like Litecoin and Bitcoin Cash. Therefore, many are considering converting LTC to DOGE.

Ripple to Dogecoin

Ripple and Dogecoin are on approximately similar grounds in terms of value. But in terms of fluctuations and potential, Dogecoin wins over XRP. Various exchanges offer the best DOGE to XRP exchange rates and vice versa.

What are the transaction fees of DOGE?

A transaction fee or blockchain fee is the amount of fee charged to users when they are performing Dogecoin transactions. This fee is collected to cover the cost of processing a transaction over the network. The Dogecoin transaction fee is 1 DOGE per transaction.

What is average transaction time?

The average transaction is when the first byte of the request is received to the time of the processing of the last byte. The average processing time of DOGE is about 1 minute. However, it varies according to every exchange.
June 7, 2021