Social eToro, a commercial and multi-asset brokerage firm, added ZCash (ZEC) to its extensive list of cryptographic offerings, bringing the total number of assets to 14.
Zcash is privacy-sensitive crypto-data that does not differ from Bitcoin (BTC). Both projects share a total fixed delivery of 21 million coins.
Although the transactions in the ZCash block chain are transparent, there is a possibility to use a zero-proof proof form called zk-SNARKs – the claim of the fame project. However, this coin pool can be used inadequately.
Zcash also allows for "selective disclosure," meaning that the user can prove payment in the name of the audit. In essence, it allows privacy-enforcers to comply with anti-money laundering and terrorist financing laws in addition to tax laws.
The addition of the main altcoin brings the eToro crypt offer to two more than a dozen – as the platform currently offers Bitcoin, Ethereum (ETH), Bitcoin Cash (BCH), XRP (Litecoin), Ethereum Classic (ETC). ), Dash (DASH), Stellar (XLM), Neo (NEO), EOS (EOS), Cardano (ADA), IOTA (MIOTA) and Binance Coin (BNB).
Jonathan Asia, co-founder and CEO of eToro, commented in a press release shared with a patriarch:
The way we transfer money from person to person or company to a company is constantly evolving. Not surprisingly, others have taken some of the basic ideas behind Bitcoin and developed new payment networks with additional features – in the case of Zcash – privacy. We are excited to offer ZEC to eToro investors as they seek to diversify their crypto-assets.
EToro users who want to get part of the platform's full cryptographic table can also get ZEC through their CryptoPortfolio feature that gives investors the opportunity to invest in all 14 cryptosuppies. This feature weighs each asset by market capitalization.
What do you think about adding Zcash to eToro? Share your thoughts in the comments below!
Images provided by Shutterstock.
[Full Disclosure: eToro is one of Bitcoinist’s premium partners.]