ZCash (ZEC) Faucet List 2020
What are Zcash Faucets
What Is Zcash ?
Zcash (ZEC) is a cryptocurrency with a decentralized blockchain. Zcash is able to provide some kind of anonymity to both users and their transactions. Zcash is basically similar to Bitcoin, but the main difference lies in the higher level of privacy. Cryptocurrencies like Dash and Monero are able to guarantee advanced anonymity techniques. These complex privacy mechanisms can obscure transactions and parties involved in them. Zcash is also very flexible when it comes to maintaining anonymity during the exchange of cryptocurrencies.
Bitcoin is based on an open ledger system, while Zcash is also an open book but additionally encrypted. It has been marked that although all transactions in Zcash are registered in blockchain, they can be viewed only by users who participated in them.
Future of Zcash?
According to reviews on the Reddit forum, there are predictions that Zcash may break Bitcoin in the future, not only in terms of price, but the entire market capitalization. One of the important arguments in favor of Zcash is that it has a relatively high utility compared to BTC.
In addition, Bitcoin uses Proof of Work (PoW) as a transaction approval mechanism that is characterized by high energy consumption during the digging process. However, ZEC uses a newer consensus algorithm called Proof of Signature, thanks to which network maintenance is much cheaper and transaction fees are very low.
Competition of Zcash
As for cryptocurrencies with transaction anonymity, Monero (XMR) is the biggest competitor for Zcash. Both Monero and ZCash are in the top twenty best cryptocurrencies and dominate in terms of technology based on privacy and anonymity.
The decisive difference between Zcash and Monero is that the former is not completely anonymous. There is a corresponding private Zaddress to which ZEC Coins are sent immediately after the discovery of the block.
Zcash Faucets in General
There are many faucets that enable free distribution of Zcash cryptocurrencies. There are many sites offering ZEC cryptocurrencies in Jackpot games and various lotteries. One of the most popular sites of this type is zcashfaucet.info
How To Make Money Online using Monero faucet
On different faucets, the time to get free Zcash (ZEC) is different. To start getting free money from ZEC faucets yout have to log in on Faucet site.
Each faucet has a reference system that allows you to earn 25% from each user who will take part in ZEC lottery.
If you want to make a profit, you should take part in the referral system. However, getting referrals from faucets is relatively difficult because you have to start promoting referral links.
There are many different tools thanks to which you can promote your reference links, such as facebook, twiter or youtube. Another way to promote it is to run your own wordpress website, where you will be sharing referral links.