Zcash (ZEC) Hits A ‘Tipping Point,’ Says Electric Coin Co. CEO
Electric Coin Co. (ECC) chief executive Josh Swihart says Zcash has crossed a psychological and developmental threshold after a week of outsized price action and unusually dense ecosystem activity around Token2049 and adjacent events in Singapore. In a long post on X, Swihart characterized the moment as an inflection driven by fundamentals, the macro “zeitgeist,” […]
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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....
On Friday, Electric Coin Company (ECC), the developers behind the privacy-centric crypto-asset zcash, revealed the network plans to transition to proof-of-stake (PoS) consensus. ECC also revealed the team plans to launch an official ECC wallet, as well as bolster the network’s cross-chain interoperability.
Zcash to Change From PoW to PoS
The Zcash network currently leverages a proof-of-work mining algorithm called Equihash, which allows miners to compete in order to find new blocks on the Zcash chain. In a blog post published on November 19, ECC announced the network will....
Zcash developer Electric Coin Company will transition to a new non-profit, with a majority of shareholders electing to donate their equity.
Per a Forbes exclusive, activist Edward Snowden revealed his participation in a ceremony that led to the creation of the privacy coin Zcash. Developed by the Electric Coin Company (ECC), the privacy coin was deployed in 2016 in a secret ceremony with the aid of 6 individuals. Related Reading | New York Prosecutors Present Clear Legal […]
Zcash Open Development Lab, the company formed by the team formerly known as Electric Coin Company, has raised more than $25 million from a roster of heavyweight crypto investors including a16z, Paradigm, Winklevoss Capital, Coinbase Ventures, Cypherpunk Technologies, Maelstrom (family office of Arthur Hayes), Chapter One, David Friedberg, Haseeb Qureshi, Mert, Balaji and others. What […]