Zcash
Zcash is a cryptocurrency used on a public blockchain like Bitcoin, but the difference is that users have the ability to make their transactions private.This can be useful for users that want to keep their financial information confidential. There are many benefits of using Zcash, and other cryptocurrencies like Monero especially for large corporations that want to keep their purchasing details private from competitors.
Currently the price of Zcash [ZEC] is above $1000 (which is higher than Bitcoin at around $725), and was over $2,000,000 for 1 Zcash a few days ago, but similar cryptocurrency Monero [XMR] is around $5 and was only 2-3 times that 2 months ago..
The big difference though is Monero's available supply is 13,249,825 and Zcash is around 5,000 (and will go up to 21 million just like Bitcoin) this obviously explains how Zcash can be seen as more valuable right now.
So only the community and time will tell the true value of Zcash, but it definitely is disrupting the crypto-world and is helping take cryptocurrency mainstream!
Thanks for sharing. I can't find much info about Zcash. Issues like scalability or transaction capacity that Bitcoin have. How about the code's "bullet-proofness" to hackers.
At this time, the astronomical price seems to be just because of the scarcity factor.
Keep posting info that can justify zcash value. Thks again.
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Nice blog on #Zcash! @stealthtrader. If you didn't already know. Jaxx has made it convenient for you to setup your Zcash Wallet. Check it out HERE - http://bit.ly/2eYHvbN For more INFO
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I've been using Jaxx for a few months now and love it!
Thanks for the update :D
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Yea man, no problem! Gotta keep each other informed.
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I knew they were going to, and included it in my article about ZEC a few days ago, but didn't realize they'd implemented it. Checked my wallet a couple of days ago and it wasn't available yet. Just updated and BAM! there it is. Thanks for the heads up.
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No problem! Just trying to get the word out. Please if you could upvote my Original Post on it here - http://bit.ly/2eYHvbN
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what about the one year accounting consolidation to settle private transactions? Are you really going to wait a year to find out if a $1,000,000 fake transaction happened?
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Thanks for the info. I posted a couple of articles on this recently as well.
IMO, there are clearly some trading shenanigans going on with it right now. If you look at the volume and the schedule for now many ZEC are released, you realize that several times the total supply are trading every day. It's nuts. True value won't be determined until the pumping gets done... again, IMO.
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I'm getting into some of that Zec too
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