Here’s Why Zcash Could Trend Upward, ZEC Prepares for Major Upgrade
Zcash and privacy coins could be back in vogue. Two weeks they began moving upwards, following an oppositive sentiment in the market, and scored profits of around 11% for ZEC’s price, and 15% for Monero (XMR). Related Reading | Monero And Zcash Take Off With 15% Gains, Here’s What May Have Spurred The Rally ZEC’s price has returned to move back in tandem with the rest of the crypto market. At the time of writing, ZEC trades north of $160 with a 2.3% loss in the past 24 hours. This rally was driven by a potential demand for privacy coins, as the conflict between Russia and Ukraine....
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Alongside the halving, Zcash has rolled out its Canopy upgrade that replaces the Founder's Fund with built-in funding for development.
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....
The upgrade establishes a development fund for the next four years and removes the controversial “Founders Reward.” Privacy-focused cryptocurrency Zcash (ZEC) celebrated its first halving event on Nov. 18.The occasion was marked by the implementation of the Canopy upgrade, which establishes a development fund for the platform and removes the controversial “Founders Reward.”The halving and upgrade occurred at block 1,046,400, just over four years after Zcash was first mined in late October 2016.Canopy is the fifth major upgrade to Zcash, primarily consisting of the change to the mining....
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....
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....