Ethereum vs ZCoin
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|Ethereum is a general purpose blockchain with a smart contract functionality that can be implemented to automatically execute certain functions. The Ethereum blockchain and its native currency Ether, are a central components of the entire blockchain ecosystem. A large number of other tokens are built upon its platform, and Ether currently represents around 15% of the total market capitalization of all digital currencies.||ZCoin is a privacy focused cryptocurrency with an innovative mechanism to increase anonymity.|
Ethereum is a blockchain-based computing platform and operating system whose core innovation is enabling smart contracts. Ethereum's smart contract functionality, and versatile scripting language, have made it the most popular network for creating decentralized applications. What makes Ethereum different from Bitcoin is that its primary purpose is to serve as a general purpose blockchain for creating DApps, and not as a payment network. Ethereum was created by Vitalik Buterin. It was launched in July 2015 and has become one of the most important blockchain platforms in the industry. Ether is the native currency of the Ethereum blockchain and can can be used as a transfer of value, as well as a form of compensation for mining. The Ethereum Virtual Machine (EVM) executes scripts using a network of public nodes. "Gas" is used as an internal transaction pricing mechanism that decides how resources are used on the network.
ZCoin is a privacy focused cryptocurrency built on Ethereum. The ZCoin protocol enables anonymous transactions with cryptography that utilizes Zero-Knowledge Proofs (ZKP). ZCoin increases privacy on their network by using a coin-mixer contract that wraps transactions in a serial number and destroying wrapped coins once they have been redeemed.