Investors Are Going Wild for a Digital Currency Called Zcash (And It's Not Even Out Yet)
"Deafening." That's how market analyst Arthur Hayes describes the enthusiasm ahead of the upcoming launch of a new digital currency called Zcash – and he's not alone. While blockchain developers have long aimed to provide users of digital currency with privacy, the technology offered by Zcash could offer its users a hereto unforeseen level of anonymity. Now, investors have taken note. This hype is evidence in the sharp price gains that Zcash futures contracts have enjoyed ahead of the cryptocurrency's 28th October launch. The contracts, which trade against the price of bitcoin,....
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Switzerland-based ShapeShift.io has announced it will integrate Zcash (ZEC) with its trading platform, following the coin’s launch and subsequent moonshot in price. On Friday, October 28, the Zcash cryptocurrency was open to the public as a significant portion of miners started mining the anonymous asset. Zcash came out of the gate costing quite a bit of....
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....
It may seem ironic, but privacy dominated the public digital currency discussion in October. Spurred by a growing awareness that bitcoin is not as anonymous as it has been advertised by banks and regulators, innovators and speculators are now seeking to capitalize on what they see as an opportunity to create new products for developers and new value for investors. Propelling this debate to the forefront was the debut of a long-in-the-making blockchain project called Zcash, which generated significant visibility (not to mention market activity) by leveraging claimed advances in....
ZCash, a new Zooko Wilcox project, has impressive list of investors and advisers, but will the new cryptocurrency pass the reality check of decentralisation and anonymity? Genesis block’s launch is near. October 28 may see the launch of the genesis block of ZCash - a new cryptocurrency from the same name project led by Zooko Wilcox. The project causes great interest: without being a genuine market player yet, the company has become a part of Digital Currency Group; the buzz around ZCash is really huge, and the currency itself was valued even before the actual release. On the surface it....
The price of the blockchain-backed asset zcash (ZEC) has shown signs of settling down over the last several trading sessions, experiencing only modest changes in its long volatile value. Since the start of trading on 7th January, the value of the tokens that power the zcash blockchain have mostly fluctuated between $44 and $48 on CoinMarketCap, a range that tightened further today when ZEC moved between $45 and $46.50. At the time of report, 1 ZEC was trading at $45.43. This relative calm offers a sharp contrast to the wild volatility that ZEC experienced in the months since the....