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.
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