ZCash launch

Yesterday, October 28th, the crypto world was thrilled by the release of Zcash, the first digital currency that promises total anonymity and high level of privacy.

Bitcoin, the first and most well known digital currency based on blockchain technology, is characterized by a public ledger that register each transaction that occurs in the network, the address wallet of senders and receivers. This feature can be a problem if users are not extremely careful, because these information can reveal both the financial behavior and the real identities of the people behind the accounts.

The enthusiasm for Zcash tokens is very high because this currency solves this privacy problem by encrypting each transaction; using this layer of encryption transactions don’t leave any trace on the blockchain and no one is able to know the address wallet of senders and receivers or the amount spent. The Zcash blockchain records the occurred transactions, hiding any other information. The metadata of the transaction is encrypted and the zk-SNARK format,  developed by Zcash team, prevents theft or cheating.

How can I mine Zcash?

Zcash, like bitcoin, can be created by “mining”, solving mathematical problems using computers. But unlike bitcoin, Zcash code plans for the first four years that a portion of every mined Zcash coin (10%) will go to Zcash company and another 1% of the mined coins will go to a non-profit created to sustain the development of the code and the community.

ZCash uses Equihash as an hashing algorithm, which is an asymmetric memory-hard PoW algorithm and in order to avoid Instamine, at the beginning ZCash block rewards will be issued slower than normal. You can read the following guide: https://www.cryptocompare.com/mining/guides/how-to-mine-zcash/

or this Zcash Mining Tutorial: https://minezcash.com/zcash-mining-tutorial/

Major exchanges have already integrated Zcash; market data are available on http://ethereumwisdom.com/zcash

The roadmap of the project is available here: https://z.cash/blog/zcash-launch-and-roadmap.html


Bitcoin Map rewarded in “Top 10 Bitcoin Apps for Android”

Due to lack of time we stopped the development of the App, but recently we achieved interesting goals, so we will try to work again on it!
Cointelegraph ranked Bitcoin Map in the Top 10 Bitcoin Apps for Android list!  http://cointelegraph.com/news/114618/top-10-bitcoin-apps-for-android
We reached 1000 download with an average of 40 active users per day, keeping constant the score (4.4 out of 5 stars)

CoinQuiz’s prizes

Unclaimed prizes (19,130 #dogecoin) have been donated to @GhanaMedHelp! (http://www.ghanamedicalhelp.com)


Here you can find the detailed list of the winners with every transaction: https://bitcointalk.org/index.php?topic=936845.msg10426310#msg10426310

Bitcoin Map 1.3 is now available in the Play Store


As promised one month ago this update has been released in time, thus the partnership with Bitcoin.de is now fully achieved! This service is available for German users, but also in English.


Users are now able to check the Bitcoin’s price, the history and the orderbook of the market of Bitcoin.de every minute, using the section “Buy btc” in Bitcoin Map.
Users that wants to buy or sell BTC are redirected into the website to complete the order.

Here some screenshots:

Some data after the first week. #CoinQuiz

After the first week the total jackpot is increased by 15,000 Doge. CoinQuiz has been played by 212 players; 23,500 page has been requested for the previous 7 days and the total number of sessions was 1,160! Thank you and good luck with the game!

Next week we will release 5 new levels, with 50 new difficult logos!

Official release date: January 5th 2015

We are ready, CoinQuiz is coming!


New update: Hints
OpenBitLab gives you 5 free hints, but you can buy more hints using your deposited Dogecoin.
After 3 confirmations, your deposited Dogecoin will appear in Doge balance. Dogecoin used for hints will form the Challenge total price, as told before. The address changes after each deposit, so don’t use the same address twice!

We have also successfully implemented the request for help using social network, we only need to check some parameters.

Partnership with Bitcoin.de

We are pleased to announce the partnership with Bitcoin.de!
Users will be able to check the price, the history and the orderbook of Bitcoin.de market, using the section “Buy btc” in Bitcoin Map.
Users that wants to buy or sell btc will be redirected into the website to complete the order.
It will be available mainly for Germans, in German, but also in English.
This update will be released at least in January, with a new version of the App. We will write later a specific date for the release of this feature.