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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With 418,244 ZEC in circulation right now, the market cap of ZCash becomes all the more impressive. Ever since ZCash as launched, people have been paying close attention to its price. Although its value against Bitcoin has declined, one ZEC is still quite costly. In fact, one can say the price of ZCash is going up slowly but steadily. Despite a small dip in value over the past 24 hours, ZCash is setting new highs month after month. Quite an impressive trend on the charts, when looking at the bigger picture. The uptrend of ZCash cannot be denied. Everyone knew ZEC would get dumped hard as....
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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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"....