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Summary: The Electric Coin Company has initiated research on a possible transition of ZCash from a proof-of-work mechanism to a proof-of-stake. The research will focus on shielded wallet UX and security, cross-chain interoperability, proof-of-stake security, issuance rate, on-chain governance, and reducing the protocol’s complexity. The rationale behind exploring ZCash’s possible switch to a
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The NSA whistleblower and privacy advocate was one of six participants in the cryptocurrency’s fabled 2016 “trusted setup” ceremony, using a pseudonym. Source
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Cybersecurity poster boy and government surveillance whistleblower Edward Snowden has revealed he played a pivotal role in the creation of privacy token Zcash (ZEC).A video from Zcash Media featured an interview with Snowden where he outlined his involvement as one of the six individuals who had a piece of the
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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
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Privacy coins, Zcash (ZEC) and Monero (XMR), have been outperforming larger cryptocurrencies in the last 24 hours. The sudden surge on the price of these cryptocurrencies seems to be responding to recent developments around the Russia-Ukraine conflict, and the signed of an executive order from the U.S. Joe Biden administration. Related
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Zcash, one of the first privacy-focused cryptocurrencies, saw its ZEC token post gains in Asian trading as the protocol’s shift toward proof-of-stake and compliance directives won more support from market participants.Zcash cleared the $100 mark, rising as much as 6% over 24 hours and 12% so far this week, according
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In a world where our personal information, interests and activities are being increasingly tracked and documented, it’s little surprise cryptocurrencies that offer users anonymity continue to remain popular despite efforts from regulators and exchanges to restrict their accessibility.In a 2021 Big Brother Brands report, companies like Uber and Meta (formerly
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Digital Currency Group CEO and founder Barry Silbert has purchased more ZCash to add to his company’s coffers as the price of the token moved above $240 for the first time in days.In a Wednesday tweet to his more than 678,000 followers, Silbert announced the purchase of $85 million in
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The CryptoX Zcash Price Index (ZCX) is the world’s leading reference for the price of zcash, used by the largest institutions that are active in the crypto market. Asset allocators, asset managers, market participants and exchanges all rely on the ZCX to provide a real-time, USD-equivalent spot rate for zcash.
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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
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