|Brief||ZCash appeared on the market in the fall of 2016. It stands out among other crypto currencies as the first coin created on the basis of a new zero-knowledge proof protocol also known as zk-SNARK protocol.|
|Last updated:||Monday, April 22, 2019 11:59:03PM UTC|
|Current price, USD:||$69.226|
|Current price, BTC:||0.0128778|
|Market capitalization, USD:||$441 367 058|
|Available supply:||6 375 781 ZEC|
|Volume 24 hours, USD:||$218 743 214|
General ZEC facts, technical details and general information about Zcash crypto currency
ZCash appeared on the market in the fall of 2016. It stands out among other crypto currencies as the first coin created on the basis of a new zero-knowledge proof protocol also known as zk-SNARK protocol. The uniqueness of this protocol lies in the ability to confirm the reliability of information without disclosing data about the parties to the transaction and its amount (the only information disclosed is the fact of transaction itself). Such an algorithm allows us to talk about the truly absolute anonymity of this payment system.
The base for creating this digital currency was laid for 3 years before its presentation, as early as 2013. The development of ZCash (ZEC) involved a whole team of cryptographers from the world's most famous universities; they are still cooperating with the company, and their work is paid by a percentage of the income of the miners.
A full-scale software for mining ZEC coins was issued in October 2016. To install it, one needs to have Linux as operating system, and random-access memory of at least 4GB.
We list daily Zcash historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Apr 22||68.368||66.743||70.152||441 367 058|
|Apr 21||69.614||67.289||69.614||434 809 779|
|Apr 20||69.582||68.985||70.254||443 672 616|
|Apr 19||70.473||69.354||70.473||444 418 366|
|Apr 18||70.324||70.146||71.588||446 632 519|
|Apr 17||70.040||67.917||70.577||446 045 239|
|Apr 16||67.607||66.866||69.654||440 538 058|
|Apr 15||69.798||66.088||70.243||426 590 481|
|Apr 14||69.203||67.742||69.994||440 937 157|
|Apr 13||70.713||68.572||71.226||438 050 149|
|ZEC price change 24 hours||1.4%|
|ZEC price change 7 days||3.22%|
ZEC and all the other anon currencies are beginning to lose their luster. Everyone is rooting for the big banks and corporations to adopt their currency. Before the trend of crypto and blockchain everyone wanted their coins to be anonymous because banks were the enemy. Now, everyone goes wild when a bank even mentions bitcoin or ripple. It’s really the antithesis of what Satoshi had hoped for when he released the first ever BTC block. He embedded the headline about a bank bailout in the genesis block…. He would roll in his grave if he saw what was going on with his currency now. Everyone needs to take a few steps back and recognize that the banks are gaining the upper hand, and they’re using our greed to fool us once again.
Zcash is about to undergo another big hard fork. It's called Overwinter and this is a big catalyst to net a comfortable profit on a coin that otherwise has been fairly lackluster. I think jumping into coins when they announce that they will either have a hard fork or big meet up is the perfect time to do so. I expect to net atleast 10-20% between now and the upcoming date. It's always buy the rumor sell the news, and this is exactly what you should do too.
There's other privacy coins that I trust moving funds around in more than ZEC. The reason is because ZEC allows public transactions and this will allow blokchain analysis groups to eventually track and trace my movements. zk-SNARKs is the best privacy tech around, but ZEC ruined it, especially ever since they teamed up with coinbase. Coinbase won't even allow users to send or receive OUR money on a z address. We can't even anonymously send our money and so what's even the point of ZEC?
ZEC is going to pull an XMR. It's already listed on Coinbase, Gemini, and other leading digital exchanges. It's a fork of BTC so its supply is super limited. On top of that it supports totally anonymous transactions. It's only a matter of when and not if it's going to blast off from here. We are looking at the bottom of the market, but ZEC has a long way to go up.
Last Friday, the developers of the ZCash-oriented crypto-currencies aimed at increased privacy presented the first compatible version of the software for Nod with the future upgrade of Sapling. Sapling involves holding a hard-core without creating new coins, which is expected to take place on October 28. The new solution is based on blind signatures and evidence with zero disclosure, which will allow users to hide the sender / receiver balances and transactions. The developers intend to test the solution in a test network ZCash, and then invite the community to implement softfilks for implementation in the main protocol.
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