Zcash Undergoes First Halving as Major Upgrade Drops ‘Founders Fund’
Alongside the halving, Zcash has rolled out its Canopy upgrade that replaces the Founder's Fund with built-in funding for development.
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The upgrade establishes a development fund for the next four years and removes the controversial “Founders Reward.” Privacy-focused cryptocurrency Zcash (ZEC) celebrated its first halving event on Nov. 18.The occasion was marked by the implementation of the Canopy upgrade, which establishes a development fund for the platform and removes the controversial “Founders Reward.”The halving and upgrade occurred at block 1,046,400, just over four years after Zcash was first mined in late October 2016.Canopy is the fifth major upgrade to Zcash, primarily consisting of the change to the mining....
According to the Electric Coin Company, the team behind the cryptocurrency network Zcash, the protocol is soon to implement the largest upgrade in history. The Zcash development team has released the 5.0.0 codebase which supports the NU5 upgrade that will occur on or around May 31, at block height 1,687,104.
Electric Coin Company and Zcash Prepare for Network Upgrade
The second-largest privacy-centric crypto network, in terms of market capitalization, Zcash, will see a significant upgrade take place on or around May 31. Electric Coin Company and Zcash developers released the....
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....
Zcash and privacy coins could be back in vogue. Two weeks they began moving upwards, following an oppositive sentiment in the market, and scored profits of around 11% for ZEC’s price, and 15% for Monero (XMR). Related Reading | Monero And Zcash Take Off With 15% Gains, Here’s What May Have Spurred The Rally ZEC’s price has returned to move back in tandem with the rest of the crypto market. At the time of writing, ZEC trades north of $160 with a 2.3% loss in the past 24 hours. This rally was driven by a potential demand for privacy coins, as the conflict between Russia and Ukraine....
The bitcoin mining industry undergoes various capitulations upon the halving of block rewards, affecting bitcoin’s price.