ZEC

Anonymous payment network Zcash (ZEC) recently had its halving where rewards are reduced by half. This major development is set to change the dynamics of the privacy coin. Zcash Undergoes First Halving Just like Bitcoin (BTC), Zcash uses a periodic mechanism to control inflation on its blockchain called ‘’Halving’’. Halving reduces the mining rewards generated by miners and helps to reduce inflation. Until yesterday, 6.25 ZEC were generated from each block. Since the halving, miners will only be rewarded with…

Zcash (ZEC) is a cryptocurrency created in 2016 that focuses on privacy and anonymity. Unlike other cryptocurrencies such as Bitcoin, Zcash offers privacy where users' personal and transaction data remain confidential. In addition, the platform leverages zero-knowledge proofs allowing transactions to be verified without revealing the sender, receiver, or transaction amount.   If you're considering investing in Zcash, you'll need a secure wallet to hold your ZEC coins. Crypto wallets keep your cryptocurrencies safe, private, and under your control. While…

Privacy coins are gaining traction as they fly the flag of financial privacy. Over the decade, digital currencies have seen their fair share of unjust scrutiny regarding their privacy policies. At one point or another, we've all heard of the "evil" that is its anonymity hallmark and how its primary users are criminals hiding behind it. However, no digital currency is disparaged for this particular feature as much as privacy coins are. Yes, blockchain-based cryptocurrencies allow users to use pseudonyms,…

According to Coinbase’s CEO, Brian Armstrong, in an article, some of the nascent cryptocurrency assets are ready to challenge the traditional financial system with a feature that has been falsely attributed to Bitcoin. The article for Project Syndicate discussed the potency and concerns regarding privacy coins, featuring protocols meant to make transactions untraceable. When it comes to Bitcoin blockchain, it leaves a digital trail of transactions, as against what people think. Armstrong said that although privacy coins such as Zcash and Monero…

Last week, a vast ETH upsurge led to a 20% gain based on the price data from Coin360. ETH’s performance was greater than for Bitcoin, which gained 9% within the period. Nevertheless, ETH’s performance was lower than other altcoins that saw massive parabolic rallies within a few days. BSV close to 250% at the Zenith of the rally this week, ETC secured 100% gains as Zcash more than doubled. Crypto analysts worry about the immediate direction of ETH, despite its…

Crypto exchanges worldwide are delisting privacy coins for legislative reasons, which is having pressure on the asset class downwards. For example, Estonia-based BitBay announced Monday that Monero (XMR) would no longer be tradeable from Feb. 19, 2020, for compliance reasons, while XMR/BTC price maintains bearish undertones, resembling a falling knife. This is happening in parallel to the “Crypto Spring,” where alt-coins across the board see bullish price action. With Bitcoin dominance steadily declining 2.7% in the last 3 months and…