Zcash Nears $40 in Ongoing Price Decline
The price of Zcash (ZEC) inched closer to $40 on 15th December, falling to as little as $40.08 during the session, according to data from CoinMarketCap. ZEC tokens have never reached $40 before, so this price level would represent a new low for the digital currency. Zcash has generated significant visibility since its launch, with supporters pointing to its zero-knowledge proofs, called zk-SNARKS, as a means of achieving greater privacy for transactions. ZEC prices surged on their first trading day of 28th October, reaching approximately 3,300 BTC (more than $2 million) on Poloniex.....
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The blockchain world can feel unfriendly and uncollaborative at times, with supporters of competing technologies often criticizing each other professionally (and personally). But, it isn't all competition. Progress on incorporating zcash's anonymity into ethereum serves as a reminder that there's more going on than just Twitter and Reddit in-fighting, and further, that there's an ongoing, fragmented effort to make major blockchain networks more compatible. So far, the two blockchain networks have at least three publicly-known, semi-official projects. (Some smaller examples are that....
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