PARIS, Nov. 21, 2016 /PRNewswire/ -- A European ethical hacker group takes pleasure in announcing the imminent launch of Ebitz cryptocurrency, a ZCash new version minus his disadvantages. Ebitz crypto tokens will be available for purchase during the month-long open sale starting November 28, 2016, at 13:00 hours (UTC). The Ebitz ICO will end on December 26, 2016, at 13:00 hours (UTC), or when we reach the goal of 500 BTC. Logo - http://photos.prnewswire.com/prnh/20161121/441797LOGO The creators of Ebitz have made two significant changes to the ZCash project. Unlike ZCash, Ebitz doesn't support "founder rewards" and at the same time, the consensus algorithm has been changed to Proof of Stake (PoS) to prevent the platform from being controlled by few centralized GPU farms. These two issues affected and continue to affect the state of ZCash. That is why we want to offer an overcoming proposal without these problems. Our solutions: - Change the algo to PoS / - Destroy the founder rewards / - We are not an US company. Ebitz promises enhanced privacy and anonymity features while maintaining selective transparency. The Ebitz ICO is an open pre-sale open for everyone. Ebitz, with its enhanced features, will be available for use on the dark net markets from the first day. Remember that bitcoin in the early days progressed thanks to the volume and movement provided by the deep web. "We belong to a European group of ethical hackers with a belief that technology behind ZCash is the future in anonymity. Our obvious step is to make a new version but after removing its corporate vestiges and promote it for wide use on the deep web using our contacts and influence. We are using our influence for negotiations to make Ebitz the only coin after Bitcoin to be used on the deep web." During the ICO, Ebitz is making 95 percent of the 21,000,000 coins available to the interested investors. With the implementation of Proof of Stake consensus algorithm, the platform offers an annual interest of 3 percent to the token holders. The minimum stake age and block times are 12 hours and 60 seconds respectively. Five percent of the Ebitz tokens will be held by the team as pre-mine for development and bounty programs.