With Launch of Zcash Approaching, Mining Companies Get Prepared
The October 28 launch of Zcash has increased the community interest in the privacy-focused cryptocurrency. As Bitcoin Core prepares its own privacy feature Mimblewimble, Zcash hopes to become the first cryptocurrency that is “all about privacy.” Founded by cryptography expert Zooko Wilcox and advised by prominent figures including Vitalik Buterin, Zcash is a cryptocurrency based on an innovative cryptography called zkSNARKs. Initially, the concept of Zcash was introduced by Wilcox to provide a sense of anonymity between senders, receivers, and the value of transactions. Moreso, the....
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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....
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....
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....
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....
A group of European hackers is holding an ICO for an altcoin that it claims is a version of ZCash that has improved privacy and anonymity, the group announced in a prepared statement. The self-described “ethical” hackers group views this altcoin, called Ebitz, as suited for use on the Deep Web. Ebitz tokens will be available for purchase through Dec. 26 or until it reaches its 500 BTC goal. Unlike ZCash, Ebitz doesn’t support “founder rewards.” The consensus algorithm has been changed to proof-of-stake to prevent the platform from being controlled by few centralized GPU farms. An Improved....