Blockchain Experts: Mine ZCash But Be Cautious
Despite the controversy that trailed its release, and it being considered as a risky investment, Hashflare has just announced that Zcash has entered the list of its mining contracts. Though some exchanges have put the first permissionless decentralized cryptocurrency that allows users to completely hide not only the value of their transactions, but also their identity to trade on their platforms. However, while a few cloud mining sites agreed to offer mining services for the currency, the best way to acquire the new currency is by mining until enough tokens become available on exchanges.....
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In January, Bitcoin Magazine reported that a public alpha technology preview of Zcash, “a decentralized and open-source cryptocurrency that aims to set a new standard for privacy and anonymity through the use of groundbreaking cryptography,” had been released on Github. Zcash offers total payment confidentiality, while maintaining a decentralized network using a public blockchain. Unlike Bitcoin, Zcash transactions automatically hide the sender, recipient and value of all transactions on the blockchain. Only those with the correct view key can see the contents. Users have complete control....
With the launch of Zcash today (and the speculation surrounding it) you may be wondering how the decentralized, open-source cryptocurrency compares to bitcoin, the original digital currency. While many structural similarities to Satoshi Nakamoto's bitcoin design are obvious, Zcash utilizes advanced new cryptographic techniques to offer optional improved privacy and transparency, as well as its own unique blockchain. But, despite the differences, there is common ground. Zcash's supply model is extremely similar to bitcoin's, with a fixed and known issuance model that is cut in half....
Over the past few months, an increasing number of cryptocurrency enthusiasts and investors have cited the importance of ZCash and its potential impact on the ecosystem of digital currencies in terms of privacy and anonymity. However, there exists a relatively large community of experts and users that aren’t convinced of the ZCash hype train. Merits. Many investors and experts including Dan Morehead of prominent bitcoin venture capital Pantera Capital are optimistic towards the features of ZCash that can cover the limitations of bitcoin. As Morehead outlines, some of them include: Selective....
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....
Monero is on the rise, demonstrating a 10% increase over the past 24 hours. Overhyped ZCash however has declined significantly over the past two days, decreasing by 54% yet again. Despite mainstream media attraction and substantial investment involved, it seems as if the market and community have chosen Monero over ZCash as the anonymous digital currency. While the rapid decline in the value of ZCash came as a surprise to some investors, it was expected by the majority of experts and high profile traders in the cryptocurrency investors that have criticized the controversial launch of....