ZEC fully shielded transactions reached a monthly all-time high due to the awareness of government surveillance as a real-life use of the ZEC cases. In today’s Zcash news we find out more about the increase in transactions.
The ZEC mobile wallet is also available on Android with tests still being done on the iOS version. Private crypto transactions are becoming extremely popular as the ZEC fully shielded transactions reached a new monthly all-time high. The data suggests that there has been a sharp increase in private transactions from March 2020 compared to the shielded transactions from 2016. 2020 will be the one year in history that could take this chapter to another level. The coronavirus pandemic had a domino effect on everything from global economics, protests, and climate change which all attributed to increased government surveillance to curb the spread of the virus.
— PayWithZcash (@paywithzcash) June 5, 2020
Concerns on personal activity have fueled the use of privacy-centric digital assets such as Zcash, Monero, and more. The team at Litecoin is also working on obfuscating transactions using the Mimble Wimble protocol. Tron’s Justin Sun announced recently that TRON 4.0 will include privacy functions as well. The decision to add further privacy to the two blockchains shows that there is an increased demand for private transactions in the crypto space. The demand for private transactions has been identified by the team at BitWage who are looking to integrate ZEC as a way to provide paychecks to their employees. The team at the Electric Coin Company shared this info as well.
Zecwallet Android is now available on the Google Play Store!https://t.co/I4UF8toRdw
Fully featured Android Zcash Lite wallet that syncs in seconds, has default shielded addresses, full memo support and a lot more! pic.twitter.com/LPmjbMmB1w
— Zecwallet (@zecwallet) June 4, 2020
To make Zcash more accessible to as many users possible, the team at ZecWallet has launched a ZEC android wallet with a default shielded address. The iOS version of the app is still in the testing phase so an update from the team is coming soon before the download. The amount of ZEC fully shielded transactions has seen a huge increment during March, April, and May. This could be attributed because of the huge fears of government surveillance because of the multiple events that happened throughout the year. This could also be considered an indicator that private transactions will be future features on most of the bigger blockchains as the demand for privacy continues on rising, as we can clearly see from reports and analysis.
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 [email protected]