The World Needs Privacy
The first ever hard fork of privacy-oriented cryptocurrency Zcash is little more than a day away. The upgrade is called Overwinter and it will take place at block 347,500.
Overwinter is set to become the very first hard fork for Zcash. Its purpose is to fortify the existing protocol for future upgrades. Designed to activate at block 347,500, which, assuming 150 seconds/block rate, should happen on June 26th, the upgrade will require all users to update the existing software.
In a poor week for the wider markets, a listing on the Gemini exchange put a strong bid under zcash, producing gains of 50 percent.
Zcash just became the first privacy coin to earn itself a fiat trading pair on a mainstream American exchange.
On Monday, May 14, 2018, a Gemini blog post announced that the Winklevoss-run exchange would list Zcash after it received the go-ahead from the New York State Department of Financial Services (NYSDFS). Opening deposits for Zcash on May 19, 2018, at 9:30 a.m. EST, the exchange will officially commence trading for the asset at 9:30 a.m. EST on May 22, 2018.
Just recently researchers from the University College London published a paper about the patterns found in “shielded” and “unshielded” Zcash transactions. The study explains when users switch between these types of addresses anonymity is degraded. The team concludes that while Zcash transactions can be private, it’s also possible to diminish privacy if certain usage patterns are chosen by the Zcash user.
Zcash is a privacy coin that’s been on the market for a few years now. It uses a mining algorithm called Equihash. With an active developer and community, “shielded” (or private) transactions, and an appropriate fund for the founders, Zcash has been steadily developing, innovating, and appreciating in price. Zcash’s Equihash is currently only mineable […]
Mining hardware manufacturer Bitmain has announced the release of its new Antminer Z9 mini, an ASIC (application-specific integrated circuit) miner capable of mining any cryptocurrency running the Equihash proof-of-work (PoW) algorithm. This includes, most notably, Zcash.
The company made the announcement via its Twitter page:
“Pleased to announce the Antminer Z9 mini, an ASIC miner to mine #Equihash-based cryptocurrencies. To prevent hoarding and to let more individuals worldwide get one, we’ve set a limit of one miner per user. Order … now while stock lasts!”
Circle Invest is set to add Zcash to its cryptocurrency trading portfolio. Circle, the payments startup firm announced this in a blog post on April 30. Zcash becomes the sixth cryptocurrency in the Circle Invest trading catalog.
The addition of Zcash is the first of many announcements scheduled for the next three weeks.
Hello, Zcash . A new coin just joined the Circle Invest family, and it's available for you to buy right now. Learn more here: https://t.co/pR0y6T1H2K
— Circle Invest (@circleinvest) April 30, 2018
Some cryptocurrency enthusiasts are familiar with the company known as AirTM. Its goal is to bring financial services to the banked, unbanked, and underbanked populations alike. The service has been quite popular in Venezuela as well as other Latin American countries. To improve its offerings, the company has partnered with Zcash.
Bringing financial services to those who need it the most is anything but easy. This is especially true in countries where high inflation, a lack of economic mobility, and trading embargoes are far too commonplace. This means most Latin American countries – among others – will suffer from a lack of financial inclusion, with little to no improvement in sight.
The post How to Buy Zcash in 3 Simple Steps – A Beginner’s Guide appeared first on 99 Bitcoins.
What is Zcash (ZEC)? ZCash is a new project which is headed by Zooko Wilcox, that’s here to tackle one of bitcoin’s most urging issues – traceability. As you may or may not know Bitcoin isn’t completely anonymous. Zcash has one major added feature on top of bitcoin, which is completely private transactions. This means […]