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What kind of mobile wallet does ZEC use (corresponding technology of ZEC)

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What kind of mobile wallet does ZEC use? Zcash is the first fully decentralized

What kind of mobile wallet does ZEC use (corresponding technology of ZEC)

What kind of mobile wallet does ZEC use? Zcash is the first fully decentralized cryptocurrency in the blockchain industry, which has received widespread attention from the market since the early days of Bitcoin’s birth. However, recently, due to congestion issues with zkSync and Ethereum, many users have chosen to use hardware devices for payment.

To solve this problem, some users choose to use smartphones, such as Android phones provided by companies like Google, Baidu, and Amazon, or download a mobile app to store ZEC. However, these phones do not have full functionality. These users mainly need the following characteristics: security and convenience. Currently, the mainstream applications in the market are through digital asset wallets and third-party wallets.

In addition, Zcash also provides an application platform called “Zcoin” where ZEC can be stored. The project has also launched an ERC20 token wallet based on Ethereum, which will allow anyone to generate a Zcash token for free.

Corresponding technology of ZEC

According to Coinmarketcap data, among the top 100 tokens in terms of market value, only two of them are “Zero”, corresponding to BTC and ETH.

Among them, “0” represents a specific type of cryptocurrency or blockchain asset. All tokens issued on Ethereum will determine their prices based on their positions, and the price is determined by the transaction fees on the network (such as exchange fees). However, this is not a function automatically executed by smart contracts, but a smart contract agreement. Therefore, when users purchase a bunch of new tokens, it is often converted to a ZEC wallet address. This pattern is also called “ZEC”.

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