Overhyped ZCash Launch Triggers Criticisms on its Principles, Mining Mechanism
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....
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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....
Zcash (ZEC), the new digital currency lauded for its privacy features, is launching today amidst some massive hype. But until enough tokens become available on exchanges, Zcash enthusiasts are poised to acquire their ZEC first-hand by mining for it, either by setting up a home rig or by signing up for a cloud mining contract. Created from a fork of Bitcoin's codebase, Zcash promises all the best features and stability of Bitcoin with the added bonus of total payment confidentiality. Zcash transactions can be shielded to hide the sender, recipient and value of all transactions on the....