Demand for Zcash Mining Grows as Blockchain Launch Approaches
With less than a month to go before its launch, momentum is continuing to build around Zcash. The much anticipated anonymous cryptocurrency project gained a big ally today in hosted mining company, Genesis Mining, which announced that users would soon be able to mine for the digital currency. With the news, customers can now buy miners operated by Genesis, which offers similar services for bitcoin and ethereum. But while the genesis block for the Zcash blockchain won't launch until 28th October, the product offering can be seen as evidence that interest in the technology, first announced....
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On October 28 the Zcash (ZEC) project will release its genesis block into the wild. There’s a lot of anticipation for this project, because it will deploy zero-knowledge security. Thanks to this, developers believe Zcash will be a truly anonymous ledger that doesn’t leak or reveal transaction data. The Upcoming Zcash Project Launch The Zero Knowledge....
Jaxx wallet users can join the Zcash party starting immediately, with live integration completed today. Zcash User Demand Drove Jaxx Integration. Decentral, which created the universal blockchain wallet, said it was responding to significant community demand and interest in Zcash. Jaxx also aimed to ensure Zcash was ready as close as possible to its official launch date. As of Tuesday morning EST, Zcash is immediately available on seven of Jaxx’s nine platforms. Support for iPhone and iPad is expected in the coming weeks, pending App Store approval. Founder and CEO of Jaxx Anthony Di Iorio....
A cryptocurrency with the promise to bring a new kind of anonymous digital transaction will launch today. With the mining of the first block of code, a new immutable ledger of transactions, known as a blockchain, will enter an already thriving market, one that boasts notable entries including bitcoin and ethereum. But the Zcash blockchain differs from bitcoin, the first public blockchain, in two key ways. First, the transactions clear in a fraction of the time. Second, and arguably more important, Zcash is based on an internally developed cryptographic tool called a zk-SNARK that doesn't....
The highly anticipated launch of ZCash was significantly overhyped, particularly on cryptocurrency exchanges including Poloniex, which currently demonstrate a price of nearly 9 BTC, a value worth around $6300 per ZEC (ZCash). Despite its high value and support from various investment firms including Pantera Capital and Digital Currency Group, it has already triggered some major discussions and criticisms on its principles and mining mechanism. Controversy. Upon the launch of ZCash, Poloniex and other prominent cryptocurrency exchanges placed a value of $20,000 per ZEC, considering its....
In January, Bitcoin Magazine reported that a public alpha technology preview of Zcash, “a decentralized and open-source cryptocurrency that aims to set a new standard for privacy and anonymity through the use of groundbreaking cryptography,” had been released on Github. Zcash offers total payment confidentiality, while maintaining a decentralized network using a public blockchain. Unlike Bitcoin, Zcash transactions automatically hide the sender, recipient and value of all transactions on the blockchain. Only those with the correct view key can see the contents. Users have complete control....