Lightning cryptocurrency exchange
Exchange Trust Wallet Token (BEP2) to Zcash
What do you need to know?
- The average time to exchange TWT for ZEC is from 1 to 2 minutes
- You need 1 confirmation of the Binance chain blockchain for the exchange
- No need to enter Memo when sending TWT
A brief history of Trust Wallet Token
What do you need to know?
- The average time to exchange TWT for ZEC is from 1 to 2 minutes
- You need 1 confirmation of the Binance chain blockchain for the exchange
- No need to enter Memo when sending TWT
Trust Wallet Token (TWT) was created in March 2020 to develop the community and attract new users. Initially TWT was launched on the Ethereum blockchain (ERC-20), then moved to Binance Chain (BEP-2), and in October became available on Binance Smart Chain (BEP-20). Since its launch, Trust Wallet Token has been a success and is an important part of the Binance ecosystem.
What is a Memo and do I need to specify it?
There is an additional Memo field when submitting Trust Wallet Token. Memo is the ID of the payment. It is unique, and with its help the service identifies the sender and recipient.
In our exchanger, when sending TWT you do not need to specify Memo.
Binance chain Blockchain Speed
An exchange requires 1 confirmation. This operation takes place in a few seconds.
Zcash — the first truly anonymous cryptocurrency
Zcash — a decentralized cryptocurrency developed by Zerocoin Electric Coin Company in 2016. The main feature is the ability to send truly hidden payments, which provide a high level of security and anonymization. Since the Zero-Knowledge protocol is used, the blockchain does not get full open transaction information.
Address Types
There are 2 types of addresses: a z-address, which is protected by a zero-disclosure proof protocol and is anonymous, and a t-address, which is public. Today 95% of ZEC addresses are open.
Transaction processing speed on the Zcash blockchain
ZEC is a relatively fast blockchain. The average formation time of a new block is approximately 2.5 minutes, which is several times faster than Bitcoin. The developers plan to improve the software and even switch to a completely new blockchain in the future, reducing the complexity of mining. This will reduce the time to confirm one transaction to 1-5 minutes.
Zcash network fee
Cryptocurrency Zcash gained great popularity not only due to anonymity. Many users rated the extremely low fee on transfers. For example, for 2019, it did not exceed $0.0007, and the average figure was in the range of $0.0001.