Which Darknet Markets Accept Zcash?

By allowing users to create new addresses for every payment – or in some cases, reuse addresses for different actors – payment processors can make it more difficult for investigators to follow the flow of funds. In addition to their primary role in crypto crime – the sale of illicit drugs – darknet markets (DNMs) are also involved in the laundering of proceeds from crime. Over the course of 2022, TRM Labs has witnessed a rise in international criminals using Russian-language DNMs to launder money. Relative to their volume, parasite exchanges facilitate as much as 100 times more illicit on-chain activity than their mainstream counterparts, according to research by TRM Labs.

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Zcash is a decentralized cryptocurrency that provides strong privacy protections for its users. Unlike Bitcoin, which is transparent and can be traced, Zcash transactions can be shielded to provide greater anonymity. This makes it an attractive option for those who value their privacy and want to keep their transactions private.

Darknet Markets That Accept Zcash

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Darknet markets are online marketplaces that operate on the dark web, a part of the internet that is not indexed by search engines and can only be accessed using special software. These markets sell a wide variety of goods and services, including illegal drugs, weapons, and stolen data. While many darknet markets only accept Bitcoin, some have started to accept Zcash as a payment method.

What Is Zcash: The Roots Of Zcash

Three years later, on October 28, 2016, Wilcox and a team of cryptographers, followed a series of steps to mine the genesis block and bring zcash to life. Several hand-selected participants were trusted to hold a separate part of the creation key. Afterwards, to obscure the origins of the cryptocurrency and prevent counterfeits, each obliterated their part of the key. Reports are coming that White House Market, Which is a major marketplace on the darknet has stopped taking Bitcoin payments. Tornado Cash (TORN) is an Ethereum-based privacy coin based on the ERC-20, with a circulating supply of 10 million and a maximum supply of 10 million, airdropped to users on the platform when it launched in 2021.

White House Market

This is particularly true when it comes to KYC’d accounts in centralized exchanges, for example. With tumbler services, the idea of untraceable cryptocurrency transactions is possible. Tumblers can help a user stay private as they transact on the blockchain, keeping their dealings away from the public eye, preserving their identity, and obscuring sensitive information on the transactions made. When it comes to cryptocurrency mining, Zcash is one of the most popular options available today. Zcash mining is the process of verifying transactions on the zcash blockchain, and in return, miners receive a reward of Zcash cryptocurrency. However, many people wonder if the investment required for Zcash mining is worth it.

Marketplaces

White House Market is a popular darknet market that accepts Zcash as a payment method. It is known for its user-friendly interface and its wide selection of products, including drugs, digital goods, and services. White House Market also has a strong focus on security and privacy, and it uses advanced security measures to protect its users’ data and transactions.

• Investors can trade in Monero on leading cryptocurrency exchanges like Kraken, Poloniex, and Bitfinex.
• The initial development of Zcash was funded through a public crowdfunding campaign, which raised over $2 million from investors.
• Zcash itself recommends Gemini, as that exchange offers more privacy options to users.
• The first version of Zcash was released in October 2016, and it quickly gained a following among privacy-focused users.

Tor2Door

Tor2Door is another darknet market that accepts Zcash as a payment method. It is a relatively new market that has quickly gained popularity due to its wide selection of products and its focus on security and privacy. Tor2Door sells a variety of goods and services, including drugs, digital goods, and services, and it uses advanced security measures to protect its users’ data and transactions.

Cannazon

Zcash, in turn, uses Equihash, another PoW algorithm that consumes massive amounts of GPU memory making the mining process virtually unavailable on average desktop computers. Although Monero was released several years ago, it still hasn’t a GUI wallet which you can download to your computer. However, there is a plenty of online Monero wallets including ones for smartphones. The Monero team keeps testing new technologies for even better privacy protection. The upcoming Ring Confidential Transactions (Ring CT) system will allow users to hide the amounts of XMR they send. Thus with the next hardfork Monero is going to be totally private and untraceable.

Cannazon is a darknet market that specializes in the sale of cannabis and related products. It accepts Zcash as a payment method, along with Bitcoin and other cryptocurrencies. Cannazon is known for its wide selection of high-quality cannabis products and its user-friendly interface. It also has a strong focus on security and privacy, and it uses advanced security measures to protect its users’ data and transactions.

Conclusion

Zcash is a decentralized cryptocurrency that provides strong privacy protections for its users, making it an attractive option for those who value their privacy and want to keep their transactions private. While not all darknet markets accept Zcash as a payment method, there are several popular markets that do, including White House Market, Tor2Door, and Cannazon. These markets are known for their wide selection of products, their user-friendly interfaces, and their strong focus on security and privacy.