|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:||Tuesday, November 19, 2019 4:58:03AM UTC|
|Current price, USD:||34.462|
|Current price, BTC:||0.0041830|
|Market capitalization, USD:||271 633 352|
|Available supply:||7 882 181 ZEC|
|Volume 24 hours, USD:||154 276 690|
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, $|
|Nov 10||36.961||36.6||37.728||294 628 418|
|Nov 11||37.736||36.642||37.923||287 842 671|
|Nov 12||36.811||36.702||37.249||289 033 631|
|Nov 13||36.689||36.684||37.161||290 140 187|
|Nov 14||36.967||36.519||37.094||287 595 792|
|Nov 15||36.574||35.691||36.574||284 767 431|
|Nov 16||36.177||35.942||36.423||284 287 772|
|Nov 17||36.269||35.869||36.618||284 365 259|
|Nov 18||36.045||34.738||36.31||276 597 929|
|Nov 19||35.513||34.462||35.569||271 633 352|
|ZEC price change 24 hours||-4.82%|
|ZEC price change 7 days||-6.63%|
I have no doubt that in a few years, ZCash, and some other privacy coins, will remain the only haven for true cryptopunks like me. The global governments are already laying their greasy hands on many non-privacy crypto solutions while bashing privacy coins for being a means for money laundering and financing of terrorism, a statement that only a dumb-witted could believe in. They are simply afraid of not being able to control the flow of money through ZCash. But I will continue holding and using this coin, despite their mischievous intentions.
ZEC lost its momentum after the market stopped caring about Anon coins. This was such a popular topic and then suddenly everyone didn’t care anymore. Could it be because everyone wants banks to join the party? Definitely. No one wants to invest in privacy coins because they aren’t going to get any love from institutional investors. The only people that are going to buy ZEC is someone on the black market that wants to buy something illegal. This will be on the only liquidity for ZEC, which is large, but not enough to create a bull market. Until there’s a clear reason why people should buy ZEC over BTC this coin is useless.
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?
We publish the most accurate Zcash Forecasts and News including crypto industry experts' opinion on a daily basis
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