Zcash is the most anticipated new digital currency of Zcash aims to create a form of electronic money that is truly a bearer instrument. Some people and businesses mainly exchanges will not accept Bitcoin if certain addresses touched or will touch those coins zcash crypto currency converter the past or future. Transaction censorship goes against the core of values of Bitcoin. Zcash is the latest coin that attempts to create a digital currency where no knowledge of the inputs or outputs of the cryptographic signature are require for verification.
This is called a Zero-Knowledge Proof. DASH and Monero are two other digital currencies that attempt to solve the same problem using different cryptographic methods. The hype surrounding Zcash is deafening.
The Zcash development team is held in high regard. Conformational bias is important in evaluating why investors choose one project over another. If the leading figures of the Bitcoin industry are investing, it must be good, right? ZEC is the three character currency code for Zcash. ZEC will be distributed through mining rewards just like Bitcoin.
Unlike Bitcoin that was an unknown and unproven concept when it launched, the genesis block of ZEC is highly anticipated. The short supply of ZEC paired against ravenous demand, has and will lead to a price spike. A ZEC block is produced every 2. Bitcoin currently produces blocks every 10 minutes, and the block reward is For the first 20, blocks approximately 34 daysonlyZEC will be created vs.
That leads to an average 6. On December 1,the block reward will revert to By January 1,the total supply will stand at approximatelyZEC. The effective supply by January 1, will beZEC. I will use this as the total supply for the price predictions I will make. Using only Bitcoin, any trader can buy zcash crypto currency converter sell ZEC using leverage.
This is very important because it will be very difficult zcash crypto currency converter buy, and and almost impossible to short physical ZEC due to zcash crypto currency converter restricted supply. Many miners will not immediately sell the ZEC they produce in hopes of rapid price appreciation. That reduces the amount of ZEC publically available for sale. Even a relatively small amount of money that chases the small supply of ZEC will lead to a price bubble.
It is not inconceivable that ZEC touches price parity with Bitcoin in the near term. On Friday October 28,the genesis block will launch. Expect a frenzied scramble for any and all ZEC that becomes publically available for sale. Skip to content Zcash is the most anticipated new zcash crypto currency converter currency of
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