Last updated on April 17th, 2018 at 04:42 am
Today we are going to talk about ‘Zcash Wallets’. Previously we talked about “TOP 10 CRYPTOCURRENCIES”.
The cryptocurrency industry is growing at a fast pace. Since the steady growth of the industry’s leader Bitcoin, many cryptocurrency developers or supporters have taken a toll by creating cryptocurrencies of their own. This has led to the increase in the number of cryptocurrencies we have today. Due to its steady growth and its increasing acceptance among users, investors and the media, the cryptocurrency industry seems to have a bright future ahead. Out of all these cryptocurrencies created, Zcash is one of them, which has proven to grow beyond one’s expectations. With barely less than a year in the cryptocurrency industry, Zcash has become somewhat popular as users are accepting the model that offers a private transaction history. Its features seem to be impressive. Hence, there is a need to write about this cryptocurrency. As a potential Zcash user, you will need a Zcash wallet to store your currency, but before then, it is important to look at the concept of Zcash.
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Rahakott is a cryptocurrency wallet that allows anyone to send or receive digital currencies and to monitor their balance. You can use the wallet to monitor your balance online from anywhere. There is no need to log in to Rahakott with your e-mail address, telephone number or an username: you simply enter a mnemonic phrase.
The Rahakott Wallet was introduced on November 12th. ]
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Zcash is a cryptocurrency that was released in the year 2016. Zcash is a digital currency that offers privacy and transparency on every business dealings or transactions. Zcash is similar to other cryptocurrencies as its payment system is based on a public blockchain. Unlike every other cryptocurrency that usually makes users payment history public, Zcash offers a serious privacy protection by protecting and hiding every transaction of a sender, recipient and even the value involved. Zcash prides itself as the ‘first open, permissionless cryptocurrency that can fully protect the privacy of transactions using zero-knowledge cryptography.’ It is an open source and decentralized platform that has a fixed supply of twenty-one million units in total. Zcash has a symbol, which is known as ZEC. This digital currency has some features, which make it unique, and more advanced when compared to other cryptocurrencies.
- One good feature about Zcash is the fact that it is promoting the use of no or zero knowledge proof. It is also promoting the appliance of innovative cryptography to the present blockchain technology. With the use of this Zero knowledge proof, transactions that are fully encrypted can now be certified as valid. This function will bring about the development of a completely new set of blockchain application.
- More so, Zcash gives its users the ability to enjoy their transaction privacy. This allows users to make use of the public blockchain as their data and transaction history are kept private. This feature is one of the features that have made Zcash popular within less than a year in the cryptocurrency.
Presently, there are few Zcash wallets. This is because Zcash is still relatively new. Hence, it may take time for more wallets to integrate it fully.
The top Zcash wallets are;
- Ledger Nano S
- free wallet
Trezor is a hardware wallet that supports the Zcash cryptocurrency. It comes with several features such as a next generation password manager for users. It allows users to encrypt their password and synchronize such password to the private cloud provided. It also protects users servers and data by having an SSH login feature. Just like every other wallet, Trezor has a two-factor authentication that helps to protect its user’s online account and information. Users have the ability to encrypt all their document and email created with the GPG feature. Furthermore, users have the ability to connect their Trezor device to any other third party wallet of their choice.
Related: TOP 7 ZCASH MINING POOLS
Ledger Nano S – Zcash Wallets
This multi-currency wallet supports several cryptocurrencies including Zcash. Ledger Nano S is a popular hardware wallet built with safety and advanced features. It comes with a built-in display for users’ convenience; it has a good security system that secures a user’s account with the use of a pin code. More so, Ledger Nano S allows users to use other companion applications like FIDO or other digital currency wallets. It has a universal two-factor authentication feature designed for the protection of users account. Furthermore, the Ledger Nano S has a good back up, and restoration feature for the recovery of its users account.
Cryptonator is an online wallet that supports the Zcash cryptocurrency. It comes with a multi-currency feature that allows users to store, receive and send other currencies such as; Bitcoin, Dogecoin, Litecoin, Dash and nine other cryptocurrencies. Users can manage all these cryptocurrencies using just one account. It also has an instant exchange feature for its users. This allows users to carry out an instant and automatic exchange on the platform at an attractive rate. For those who prefer to pay in Euro, Cryptonator offers support for such users by allowing them to pay directly from their bank account. Furthermore, Cryptonator has a good security such as a bank-grade security, encrypted SSL connection, next-generation protection for all user accounts, a two-factor authentication, and it had reliable and trusted internet protocol (IP).
Free Wallet – Zcash Wallets
The Free wallet is an online wallet that supports many cryptocurrencies. Free wallet makes custom-made wallets for these cryptocurrencies. They include Bitcoin Wallet, Ethereum Wallet, Monero Wallet, Zcash Wallet, Dash Wallet, Doge Wallet, Lisk Wallet, Steam Wallet, NXT wallet, Decent ICO, Fantomcoin Wallet, Bitcoin Cash wallet and 7 other cryptocurrency wallets.
Free wallet helps users to synchronize their desktop wallet at a faster rate. Users are also allowed to purchase Zcash with their card, which helps to make the payment system stress-free. The FreeWallet system can be relied on as it comes with secured mobile apps that protect users’ funds by backing up a user’s private keys and so on. According to FreeWallet, most of its assets are kept in an offline vault to help protect users funds against any form of malicious attack. Furthermore, it gives users the ability to freeze their accounts when they misplace their device. This is possible as such, account can be frozen using another device. It also encourages users to use it smart features to their advantage by checking daily cryptocurrency rates etc. Lastly, Free wallet is available on the Google Play store for users.
JAXX – Zcash Wallets
Jaxx is an offline cryptocurrency wallet. As a cryptocurrency owner, it is critical for you to have an offline wallet for the protection of your digital currency. Jaxx is compatible with Windows, Linux, and Mac. It is a wallet that supports the use of Bitcoin, Zcash, Ethereum and so on. It has so many features, which includes
- Jaxx has a multi-currency feature that supports several currencies
- It gives users the total control of their wallet.
- It does not have access to its users’ funds.
- It does not require any form of verification. Therefore, users do not need to submit any information or whatsoever.
- It has an automatic sync feature that synchronizes users’ data for them.
- Jaxx has a visible codebase whereby users can view the code. There are no mysterious codes or hidden codes.
In summary, a user could try these trusted and reliable Zcash wallets. Due to Zcash being new in the cryptocurrency market, more wallets are still yet to be developed. Nevertheless, the ones above are designed to fit the needs of every user.
You may like to read about: TOP 10 THINGS TO KNOW ABOUT ZCASH