Satoshi Collaborator Supports Proof Of Stake | Ethereum Upgrade Is Live
Satoshi Nakamoto collaborator says his Bitcoin fork, Zcash, should go proof of stake and wind down its carbon footprint. London hard fork goes live on Ethereum
Zcash price
(ZEC)
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Share
$139.73
-1.24%
Market stats
$1.8B
$177.5M
12.7M ZEC
8 days
#35
About Zcash
Zcash is a cryptocurrency that offers two types of addresses: transparent addresses that are publicly visible on the Zcash blockchain and shielded addresses that are more private. Coinbase customers can receive Zcash from both transparent and shielded addresses and send Zcash to transparent addresses. Sending to shielded addresses is not supported at this time.
Resources
How it works
ZCash enables a range of public and private transaction types. Public addresses can send “shielded” transactions to private addresses, or transactions can either be fully private or fully public. ZCash makes use of Zero-Knowledge proofs (or “zk-SNARKS”) in order to keep information about the sender, receiver, and the transacted amount private whenever a “shielded” ZEC transaction is made. An optional “Memo” field can also be filled in whenever a user makes a payment. This field can only be accessed by the recipient, which could prove useful for a number of interesting use cases across the FinTech and DeFi spaces.
Keep in mind
The Zcash protocol was designed to evolve in-line with the needs of the community over time. Governed by the Zcash Improvement Proposal process, ZCash token holders can vote towards proposed changes and upgrades to the protocol.
Released: October 2016
Zcash is on the rise this week.
The price of Zcash has risen by 8.82% in the past 7 days. The price declined by 1.24% in the last 24 hours. In just the past hour, the price grew by 0.22%. The current price is $139.73 per ZEC. Zcash is 62.06% below the all time high of $368.28.The current circulating supply is 12,681,862.5 ZEC.Top stories
Zooko Wilcox advocates that Zcash should move to proof of stake
Zcash founder Zooko Wilcox sets forth his case that privacy coin Zcash should switch over to proof of stake. The post Zooko Wilcox advocates that Zcash should move to proof of stake appeared first on The Block.
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