FAQs
Zucoins
What are Zucoins?
Zucoins is a peer-to-peer cryptocurrency that is the native exchange token on the SplitChain network. The SplitChain network propagates and…
How do Zucoins work?
Zucoins are a cryptocurrency and work the same as any exchange of value (money, barter, other cryptocurrencies, work for reward).…
What is the difference between SplitChain vs Blockchain?
SplitChain differs from Blockchain in that there are no “blocks” in SplitChain. This means transactions are not grouped into sets…
Why is Zucoins built using a Progressive Web Application (PWA)?
PWA is an increasingly popular and modern method of building apps and an important step in being a decentralised cryptocurrency.…
What are the benefits of a 2-way transaction?
2-way transactions form part of the Zucoins built-in 2FA (two-factor authentication). To complete a transaction with Zucoins, the transaction must…
What are 2-way transactions?
A 2-way transaction is where both the sender and receiver need to confirm the transaction before the transaction can be…
What is a Progressive Web Application (PWA)?
A progressive web application (PWA), commonly known as a progressive web app, is a type of application software delivered through…
How are Zucoins Eco-friendly?
Zucoins are more eco-friendly when compared with other cryptocurrencies due to the minimal additional energy consumption, the peer-to-peer fragmented storage,…
What cryptocurrency are Zucoins based on?
Zucoins is a peer-to-peer cryptocurrency that is the native exchange token on the SplitChain network, a ground-up layer-1 network. A…
SplitChain
What is SplitChain?
SplitChain is a ground-up layer 1 network. SplitChain operates by propagating and returning cached information across network nodes to users.…
Does the SplitChain network use miners to validate transactions?
No, SplitChain does not use a mining process to validate transactions, transactions are validated by finding truth. See How are…
How are SplitChain transactions validated?
SplitChain transactions are validated between the transacting peers. The SplitChain network itself, only temporarily caches (stores) the two most recent…
What is the difference between SplitChain vs Blockchain?
SplitChain differs from Blockchain in that there are no “blocks” in SplitChain. This means transactions are not grouped into sets…
What are the benefits of a 2-way transaction?
2-way transactions form part of the Zucoins built-in 2FA (two-factor authentication). To complete a transaction with Zucoins, the transaction must…
What is a peer?
Anyone participating on the network e.g. users with a wallet and nodes caching data on the network.
What is DC-POW?
DC-PoW or Direct Correlation – Proof of Work, is the work (processing caches for others’ transactions) you are expected to…
Do you do Staking?
Not in the common sense, we use Direct Correlation – Proof of Work (DC-PoW). What is DC-PoW? DC-PoW is…
How do I join the network?
For access to the layer 1 SplitChain network, join our waitlist—we will let you know when that is available for…
Legal
Are Zucoins regulated?
Zucoins are not regulated other than there can only ever be 100 million Zucoins produced.
Who do I contact for Zucoins technical support or issues?
To get in touch with the support team, please contact us at [email protected] with your press enquiry. We look forward…
What about Zucoins and taxes?
Cryptocurrency taxes in Australia Like in most parts of the world, there are no taxes on buying or holding cryptocurrencies…
What about Zucoins and consumer protection?
Below is a brief breakdown of cryptocurrency investments Zucoins are not shares. Zucoins do not retain any rights or entitlements…
Who can I contact regarding a press release?
To get in touch with the press team, please contact us at [email protected] with your press enquiry. We look forward…
Where can I submit feedback?
Please submit any feedback or suggestions to [email protected] We look forward to hearing from you 🙂
Where can I find useful resources and reports about Zucoins?
Please find further information, resources, and reports at zucoins.com
Are Zucoins legal?
Yes, however, the legality of Zucoins depends on who you are, where you are in the world, and what you’re…
