Zcash Prices Are Finally Beginning to Show Some Stability
The price of Zcash is beginning to show (relative) stability. Despite the sharp volatility it has repeatedly experienced since going live on 28th October, movements calmed yesterday, providing the privacy-oriented digital currency with uncharacteristically modest price fluctuations. Opening the session at $68.72, ZEC climbed as much as 6% to reach $72.94 during the day, CoinMarketCap data reveals. The digital currency later gave up these gains, declining to roughly $68.68 by 20:50 UTC, 5.8% lower than the daily high and roughly on par with the opening price. The digital currency....
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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....
Bitcoin may be nearing annual highs, but newcomer Zcash stole the show this week, generating robust momentum even before its launch. The digital currency, whose use of zero-knowledge proofs is said to offer cryptocurrency users new levels of privacy, released its blockchain and first tokens (zerocoins) on 28th October. In anticipation of the launch, nascent Zcash futures markets saw robust trading. The pairs, which traded against bitcoin prior to the release of zerocoins, rose from a low of 0.027 BTC ($18.50) on 15th September to 0.78 BTC ($535) on 28th October. Yet, this figure surged....
There's been plenty to gawk at since Zcash's October launch. Heralded as the world's most anonymous cryptocurrency, Zcash rode a wave of hype with its cypherpunk origin story (complete with its own secretive "ceremony") and an initial frenzy where speculators drove the price of its tokens over $1,000 before they were even released. But perhaps above all, the technology has become synonymous with the promise of its bleeding-edge cryptography, zk-SNARKS, which shield senders and receivers, as well as the balances of each zcash address. Only users with the correct "key"....
There's been plenty to gawk at since Zcash's October launch. Heralded as the world's most anonymous cryptocurrency, Zcash rode a wave of hype with its cypherpunk origin story (complete with its own secretive "ceremony") and an initial frenzy where speculators drove the price of its tokens over $1,000 before they were even released. But perhaps above all, the technology has become synonymous with the promise of its bleeding-edge cryptography, zk-SNARKS, which shield senders and receivers, as well as the balances of each zcash address. Only users with the correct "key"....
Zcash, the much anticipated anonymous coin launched today after years in development with the genesis block mined around 17:10 GMT . The currency has a slow start, with only a few coins mined at the beginning to see that everything is operating as intended. Thereafter, block reward reaches 12.5 Zec every 2.5 minutes, halving every four years until a limit of 21 million coins is reached of which 10%, amounting to 2.1 million zcash, will be given to the currency founders. Although the currency is based on Bitcoin Core, it uses zk-SNARKs, which allows the system to prove a computation over....