Connect with us
CLOSE

Zcash News

WBF Exchange Will Be Opening New Zcash Trading Pairs

Published

on

Zcash creates

The WBF exchange will soon be opening new Zcash trading pairs, including ZEC/USDT and ZEC/DUSD, in the primary sector. It has also announced to list the Green Space Token in the open industry, so let’s read more in the Zcash news today.

As per the details on the WBF Exchange website, the deposit time for Zcash started on March 24 at 11:00 UTC. The ZEC/USDT trading will start from March 25 at 16:00 UTC, while the ZEC/DUSD trading will begin on March 25 at 18:00 UTC. The withdrawal time will be on March 26 March 2020, at 17:00 UTC.

Zcash is the first blockchain platform that uses zero-knowledge proof of mechanism, thus providing complete payment confidentiality and a public blockchain to remain decentralized. Similarly to Bitcoin, the total amount of ZEC is 21 million, and what makes it different is the transactions automatically hide the sender and receiver. Zcash only made a few modifications from its original version, based on the 0.11.2 version of Bitcoin. The Zcash funds are divided into two groups: transparent funds and private funds. The first ones are similar to Bitcoin, which is traceable while the private ones are untraceable.

The trending ideal that seems to buy to the ideals of Zcash is that the privacy of many citizens from across different countries it at stakes now – and that their governments are making use of phone surveillance technology to identify the movements. The privacy debate might rekindle interest in ZEC, and many expect that privacy coins might stand to benefit. The interest in Zcash (ZEC) is growing because of its groundbreaking technology that can reshape the world. As quoted by Sydney Ifergan, who is known as the Crypto Expert:

“The demand for Privacy Coins like ZCash is here to stay.  It is probable for a renewed interest in privacy coins to happen. People prefer privacy all the time, but during the crisis times even more!”

Zcash expects to cut the mining rewards by 50 percent by November, and this new upgrade will bring the mining reward level from 5 to 2.5 ZEC. Once this halving takes place, the entire  Zcash improvement proposal shows that the distribution of the tokens issues will be reorganized.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Continue Reading
Comments

Zcash News

Privacy Coins Such As Zcash (ZEC) Will Be Banned Soon: McAfee

Published

on

By

privacy coins
It seems like John McAfee believes that privacy coins such as Zcash (ZEC), Monero (XMR) and DASH could be banned soon by governments across the world but the laws will be ineffective. Let’s see what he had to say in the latest Zcash news. Looking at the possibilities for enforcement to ban privacy coins such as Zcash, will be quite hard to perform. John McAfee is notorious for his predictions and the most famous prediction is now the ban of privacy coins. He was also known for his prediction that Bitcoin will reach one million by the end of 2020 but later switched his opinion saying bitcoin is a Sh*tcoin and continued promoting ethereum as the best smart contract solution while Monero is the best privacy coin. His recent prediction refers to privacy coins in general because governments around the world will take aggressive action against the use of Zcash, Monero, and Dash which will lead to their banning. In the meantime, McAfee assured that these attempts will have almost no successes. He stated that the laws will look like the ones meant for marijuana which also ended up useless. He even commented:
‘’Privacy coins and distributed exchanges will soon be outlawed. But these laws will have no more teeth than the ineffective laws against Marijuana. Do not abdicate your rights! You have, absolutely, the right to financial privacy. Ignore unconstitutional laws.’’
The question remains complex and cannot be answered with certainty. Monero is developed as a decentralized coin and the developers are not endangered here. However, one core member stated about two years ago that there are other threats that can cripple the cryptocurrency. The governments around the world could influence the software policies the ones of tech giants and the end-user license agreement will give Microsoft or companies such as these ones will have the right to remove the software from end-user computers that Microsoft considers ‘’ malicious.’’ The US government could even require Microsoft to remove Monero software from windows computers. The US government is a major Microsoft customer so this gives them a lot of leverage with the company. By using a voluntary approach this could avoid the legal constitutional change that a ban could bring. This was the approach that the government used to cripple Wikileaks. The second approach is to use Digital Rights Management in windows to spread a malware of sorts. For example, the North Korean Government has advanced cyber warfare capabilities and could even leverage this method to steal amounts of Monero from users. Then, they will be able to dump the stolen coins onto the market and crash the price.
`
Continue Reading

Zcash News

Zcash Creates Contact Tracing App For COVID Prevention

Published

on

By

Zcash creates
Zcash creates a new contact tracing app as many of the blockchain companies are trying to create a system for COVID prevention. There are a lot of strong opinions about the method of doing it so let’s see what the Zcash founder thinks is the best one in the Zcash news below. Zcash previously tweeted that this is not the first time we are witnesses of crisis aftermath, similar to the crisis from 9/11 where the surveillance infrastructure provided more power to the institutions that failed in the first place and even created the crisis. The privacy technologies or cryptographers have the needed skills to develop and create decentralized contact-tracing without the mass-surveillance. Wilkox Zooko explained further:
 “A lot of people I know are experiencing a lot of fear and anger, about the pandemic crisis and/or the government responses. (Including me, some days.) If you’re having that, I hope that watching this 30-minute interview might serve as a partial antidote.”
He recommended further to watch the video and warns that some could feel discomfort but understand that the discomfort is wrong, dangerous and anti-social. It will be hard to understand which part of it is discomfort and called it a feeling of cognitive dissonance. The founder of Zcash pointed out during an interview with Dr. Jay Bhattacharya who is a professor of medicine at Stanford University regarding the understanding of the coronavirus deeply and how the virus can influence the economy. Sydney Ifergan commented:
Wilkox Zooko is worth the reflection in thoughts regarding COVID-19.”
Dr. Jay was questioned whether the coronavirus will kill millions without quarantines and shelters and whether the extraordinary measures are justified. However, there is little evidence to confirm the premise. Dr. Jay stated that it is strange to say but stated that we do now know precisely how many people are infected. Talking about the fatality rate, the total number of new deaths by the coronavirus and the number of incident patients or the denominator doesn’t include people who got infected and got well quickly. Zcash called the developers to develop a new contact tracing app without having to put the privacy of the users at stakes since the pandemic Is not going to end soon.
`
Continue Reading

Zcash News

Bitstamp Considers Adding Support For Zcash

Published

on

By

bitstamp considers
Bitstamp considers adding support for ZCash while also launching a new batch of crypto-asset listings as we are reading in the latest Zcash news. Bitsatamp is one of the longest-operating crypto exchanges. Right now, Bitstamp considers adding support for Zcash despite the increasing number of platforms that want to get away from the privacy coins because of the associated regulatory risks. Back a few days ago, the exchange announced they are exploring the support for seven more crypto assets including one privacy coin and two stable coins. The prospective listings comprise Ethereum Classic (ETC), Stellar Lumens (XLM), Basic Attention Token (BAT), Paxos Standard (PAX), 0x (ZRX) and the USD Coin. In 2019, the updated money laundering guidelines from the FATF or financial action task force comprised the boost for the spate of privacy coin delistings. The leading crypto exchange Coinbase, based in the US, announced that they will no longer provide support for Zcash pairing and custody for customers that are based in the United Kingdom. In September, the South Korean exchanges Upbit and Okex, announced they will also stop supporting a few privacy coins including Monero, ZEC, Dash which are commonly described as the three anonymous siblings by the Japanese regulators. Bitpay also stopped supporting Monero’s XMR in November 2019. The exchange noted that consideration of the prospective listings will involve safety and compliance reviews, strict technical reviews and other regulatory issues for approval in certain jurisdictions. Bitstamp added that the users could start noticing signs of engineering work that will be related to the crypto assets under consideration by saying:
 “We cannot guarantee that this will result in any new listings and it does not disqualify any other assets from being monitored for possible support at Bitstamp.”
If Bitstamp supports these crypto-assets and starts providing support for privacy coins, it will be the first new listing on the platform since Bitcoin Cash in 2017 and the first one introduced by the Belgium-based investment company that acquired Bitstamp back in 2018. The Electric Coin Company (ECC) which is translated as the organization standing behind Zcash recently announced its major upgrade for the cryptocurrency. Zcash announces “Heartwood” as the next big thing which aims to improve the interoperability through FlyClient support.
`
Continue Reading

Zcash News

Zcash Announces “Heartwood” As Its Next Major Upgrade

Published

on

By

zcash announces
The Electric Coin Company (ECC) which is translated as the organization standing behind Zcash recently announced its major upgrade for the cryptocurrency. Zcash announces "Heartwood" as the next big thing which aims to improve the interoperability through FlyClient support. As we can see from the Zcash news and the official blog post, ECC also wants to allow miners to receive their mining rewards directly as a shielded transaction. The community chose the name "Heartwood" in order to address issues such as faster growth, adoption and expansion. In this manner, "Heartwood" will include two Zcash Improvement Proposals (known as ZIPs) including the ZIP 221 (FlyClient) and ZIP 213 (Shielded Coinbase) with the activation date to be announced in the second quarter of 2020. The selection of the two ZIPs was already made in June 2019 via the community forum. Ever since then, the Electric Coin Company has conducted a review of the security of Heartwood's specifications and has been working with the Zcash Foundation and other parties to make sure that the consensus is on-par with the upgrade. Zcash announces ZIP 221 which is known as FlyClient, as an upgrade that will enable greater blockchain interoperability and also promote light client use cases. This ZIP will make changes to the Zcash block header format and would enable a more efficient way of working for all light clients - as well as help in the adoption of the FlyClient protocol. The second improvement, ZIP 213, is also known as "Shielded Coinbase" and will affect the transfer of the block reward to the miners' wallets. Currently, the Zcash miners can only send the rewards to a transparent address because before the Sapling upgrade, creating such shielded transaction required too much memory and CPU. In that manner, the latest altcoin news show that ZIP 213 gives a unique way for miners to send their block rewards to a shielded Sapling address.
"Shielded coinbase is an important milestone for Zcash network privacy and the overall size of the anonymity set. We anticipate that ZIP 213 will drive more demand for shielded support across the ecosystem," the Electric Coin Company (ECC) and Zcash announced when describing this update.
Meanwhile, the price of Zcash (ZEC) on the markets is taking another hit, losing more than 6% today with the recent market-wide drop and currently trading at $30.11.  
`
Continue Reading

Newsletter

For Updates & Exclusive Offers
enter your email below





NEWS CATEGORIES

ADVERTISEMENT

cryptocurrency review
FO5F93F47156 - WBF Exchange Will Be Opening New Zcash Trading Pairs

ADVERTISEMENT

Medium Rectangle 300 200 2 Animated - WBF Exchange Will Be Opening New Zcash Trading Pairs

ADVERTISEMENT

oasistrade banner

ADVERTISEMENT

300 250 - WBF Exchange Will Be Opening New Zcash Trading Pairs
FO710FC3F2305 1 - WBF Exchange Will Be Opening New Zcash Trading Pairs

ADVERTISEMENT

300 600 3 - WBF Exchange Will Be Opening New Zcash Trading Pairs

Trending Worldwide