Lightning cryptocurrency exchange

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What is the difference?

Exchange Monero to Zcash

What do you need to know?

  • ­ The average time for the exchange of XMR to ZEC is from 6 to 10 minutes.
  • ­ You need 2 confirmations of the Monero blockchain for the exchange.
  • ­ You do not need to enter a Payment ID, we use integrated wallets.

How to confirm the fact of sending funds in Monero blockchain?

Monero uses 2 types of “special” private keys: a private send key (used to send funds from your wallet) and a private viewing key that allows you to decrypt transaction and see the amount of funds sent.

Using this private viewing key, sender address, and Monero software, you can decrypt the transaction and confirm the sending.

You can read more about this in our article — How to prove Monero transaction?

The speed of the Monero blockchain

1. Monero is considered a fast blockchain, the average block exit time is about two minutes.

2. The block size in the Monero blockchain is elastic and is formed by the median of the size of the last "n" blocks. At the time of writing, the block size is 30 KB.

Commissions on the Monero blockchain

1. Transactions in the Monero network are very cheap, even in times of high network load (when a large number of transactions are sent to the network), the transaction cost is only a few cents. 

2. Like Bitcoin, Monero uses the Proof-of-work algorithm, which means it uses the computing power of many computers around the world to maintain the blockchain.

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.

Commissions on the Zcash blockchain

Cryptocurrency Zcash gained great popularity not only due to anonymity. Many users rated the extremely low commission on transfers. For example, for 2019, it did not exceed $ 0.0007, and the average figure was in the range of $ 0.0001.

exchange in 3 easy steps

  1. Enter the desired amount of Monero and write your wallet address to receive currency.
  2. Click the "Exchange now" button and you will be taken inside your order.
  3. Send Monero to the address from your order, after the required network confirmation, Zcash will be sent instantly.