Zcash

Zcash is a decentralized cryptocurrency focused on privacy and anonymity. It uses the zk-SNARK zero-knowledge proof technology that allows nodes on the network to verify transactions without revealing any sensitive information about those transactions. ZEC transactions by default do not reveal the sending and receiving addresses or the amount being sent. There is an option, however, to reveal this data for the purposes of auditing or regulatory compliance. Zcash was first released on October 28, 2016, and it was originally based on Bitcoin’s codebase.

Zcash, formerly "Zerocoin," was created in 2013 by a group of scientists from Johns Hopkins University. The team recruited additional scientists from leading academic institutions including MIT and Tel Aviv University to build the standalone Zcash protocol. Zcash was first mined in October 2016.


Zcash is a decentralized cryptocurrency focused on privacy and anonymity. It uses the zk-SNARK zero-knowledge proof technology that allows nodes on the network to verify transactions without revealing any sensitive information about those transactions.

ZEC transactions by default do not reveal the sending and receiving addresses or the amount being sent. There is an option, however, to reveal this data for the purposes of auditing or regulatory compliance.

Zcash has a fixed supply of 21 million ZEC and undergoes block halvings every four years.

Zcash distributes a portion of its block rewards to development funding. 20% of Zcash issuance is allocated to the Electric Coin Company, the Zcash Foundation, and independent third-party developers, while 80% is rewarded to miners. 

In the midst of a more optimistic crypto market, both bitcoin and ethereum have enjoyed steady growth, climbing by 3.13% and 3.61%, respectively, over the past week. Additionally, several other digital currencies experienced even more significant increases, with spx6900 (SPX) stealing the spotlight by skyrocketing 107.2%, making it the standout performer of the week.

This Week's Crypto Gainers and Losers: Meme Tokens Outshine Bitcoin and Ethereum

Zcash (ZEC) defied a wider crypto market downtick and jumped by 12% on Thursday as Coinbase rolled out a new feature for the privacy coin. ZEC outpaced the overall crypto market cap, which dropped by nearly 2% over the same time period, according to CoinGecko.

Privacy Coin Defies Crypto Downtick, Jumps in Price Amid New Coinbase Feature Launch

While bitcoin and ethereum dipped between 8.6% and 8% against the U.S. dollar, most crypto assets didn't have a winning week. However, helium (HNT) bucked the trend, soaring by 15.43% against the dollar over the past seven days. On the flip side, zcash (ZEC) took the hardest hit, plummeting 28.63% during the same period.

Crypto Market Wobbles: Helium Gains While Zcash Leads Week's Declines

Digital asset management giant Grayscale has submitted a proposal for a new privacy-focused exchange-traded fund (ETF) that involves the altcoin Zcash (ZEC).

Zcash (ZEC) Jumps More Than 20% After Digital Asset Manager Grayscale Proposes New ‘Privacy ETF' to the SEC

According to a recent Form N-1A, Grayscale has approached the U.S. Securities and Exchange Commission (SEC) with a proposal for a unique exchange-traded fund (ETF) dedicated to the privacy and cybersecurity realm. The Grayscale Privacy ETF aims to be the first to encapsulate the burgeoning sector of privacy technology and cybersecurity.

Grayscale Debuts Privacy-Focused ETF Featuring Zcash Trust Allocation

The integration allows Zcash wallet developers to implement Nym's privacy features, supported by a $150,000 community grant from Zcash.

Nym receives $150,000 grant to integrate its mixnet with Zcash

Binance, the largest cryptocurrency exchange, has recently announced that it will start monitoring ten new projects, including privacy blockchains like Monero, Firo, Mobilecoin, and Zcash. Binance reported that these projects might be delisted in the future, failing to meet the criteria required by the exchange to keep being traded on its platform.

Binance Assigns Monitoring Tag to Privacy Coins, Including Monero and Zcash

Binance has flagged several privacy coins with a "monitoring tag" indicating that they are at risk of being delisted from its platform.

Privacy Coins Monero, Zcash, Horizen 'At Risk' of Delisting by Binance

Binance warned that ANT, FIRO, KP3R, MDX, MOB, REEF, VAI, XMR, ZEC and ZEN exhibit higher volatility and risks.

Binance places ‘monitoring tag' on 10 cryptoassets, including Monero and Zcash

Dash

A trio of privacy-focused altcoins are seeing dips in price after a prominent crypto exchange platform said it is going to delist them.

Privacy-Focused Altcoins Suffer Price Drops After Crypto Exchange OKX Says It Will Delist Monero, Zcash and Dash

OKX announced Friday that it is delisting 20 crypto trading pairs — including privacy coins — by Jan. 5 after a performance review.

OKX to delist privacy coins, including Monero, Zcash and Dash

Zooko Wilcox, the CEO of Electric Coin Co., revealed on Dec. 18 that he is ending his eight-year association with the entity which is behind the privacy coin zcash. Despite leaving his role as the company's top executive, Wilcox said he remains committed to anything focused on human freedom.

Zooko Wilcox Ends Eight-Year Association With Company Behind Privacy Coin Zcash

Josh Swihart, the SVP of Growth for Electric Coin Company, Zcash's development firm, has become the new CEO.

Zcash founder Zooko Wilcox steps down from Electric Coin CEO role

Electric Coin Co., the primary developer behind the privacy-oriented blockchain network Zcash, said Zooko Wilcox, the project's creator, will step down as CEO and be replaced by Josh Swihart.

Zcash Developer Electric Coin CEO Zooko Wilcox Steps Down, Swihart Named to Role

Crypto exchange Coinbase has increased deposit times to reduce the risk of suffering from a double spend attack.

Coinbase takes precautions as mining pool captures half of Zcash hash rate

Recent data shows a single mining pool controls more than 53% of the hashrate for the cryptocurrency network Zcash. On September 19, 2023, the crypto mining pool Viabtc had 4.2 giga solutions per second (GSol/s) of Zcash's total 7.84 GSol/s hashrate. Electric Coin Co.

‘Lack of Finality' — Single Mining Pool Commands 53% of Zcash's Hashrate

Multiple reports have revealed that Binance, the crypto exchange with the highest trade volume, has announced the removal of 12 privacy-focused cryptocurrencies from its markets in Spain, France, Poland, and Italy.

Crypto Exchange Binance to Remove Privacy Coins From 4 European Markets

Crypto exchange Binance is set to delist privacy coins next month in France, Italy, Poland and Spain. The measure will impact Zcash and Monero.

Binance to block privacy coins in four European countries

The new release, version 5.5.0, is part of an effort to “deliver a solid and reliable user experience.”

Zcash's Latest Software Release Goes Live

Namada is a layer 1 blockchain for multichain privacy, according to a release provided to CoinDesk.

New Privacy Blockchain Namada Proposes First Ever Shielded Airdrop to Zcash

Over the past 90 days, the top privacy coins by market capitalization have seen an increase of just over $2 billion, rising from $4.65 billion on Nov. 9, 2022 to $6.69 billion today.

Privacy Coin Interest Stays Tepid as Leading Coins Report Modest Gains in 2023

Altcoins are rising above the moving average lines and climbing to new highs.

Weekly Cryptocurrency Market Analysis: Altcoins Consolidate Near Recent Highs In Preparation For An Uptrend

Solana

Blockchain analytics firm Santiment is expressing bullish sentiment on seven crypto assets which are currently being heavily betted against. Santiment says that layer-1 blockchain Solana (SOL), decentralized public network Hedera (HBAR) and privacy coin ZCash (ZEC) are some of the crypto assets that are set to rally amid heavy shorting.

Solana (SOL), Zcash (ZEC), Hedera (HBAR) and Four Under-the-Radar Altcoins Primed for Breakouts: Santiment

The last 12 months have been tough on digital currency investors as the crypto winter has caused a large sum of value to leave the once-bustling economy. The privacy coin economy, for instance, shed more than 55% against the U.S. dollar as it dropped from $11.7 billion in Jan. 2022 to the current $5.22 billion.

Privacy Coins Take a Beating This Year Losing Over $6 Billion, Anonymity Takes a Back Seat to Defi, NFTs

The European Union is considering a ban on banks and crypto providers dealing with cryptocurrencies that aim to enhance user privacy. The post European AML rules could ban privacy coins: CoinDesk appeared first on The Block.

News for Zcash Crypto (ZEC)