“Regulators can get comfortable with privacy-enabling cryptos,” Gemini says.
Zcash (ZEC) is a privacy-focused cryptocurrency that allows anonymous “shielded” transactions using advanced cryptographic technology called zero-knowledge proofs.
Zcash’s roots trace back to 2013 with “Zerocoin,” a proposed privacy extension of the Bitcoin protocol that was rejected by core developers for its novelty, computational cost and impractical implementation.
The researchers and scientists behind the proposal pivoted to creating an entirely new cryptocurrency, “Zerocash” (now simply Zcash), hiring long-standing cryptography advocate and builder Zooko Wilcox as CEO of the Zcash Company. In 2017, the Zcash Foundation, a 501(c)3 nonprofit entity, was launched to further advance Zcash and its principles in the broader community while further decentralizing its development.
In 2019, the Zcash Company rebranded itself as the Electric Coin Company and relinquished control of the Zcash trademark to the Zcash Foundation.
Zcash development is currently focused on improving its core privacy features, creating a more accessible user experience, and building bridges and interoperability with other blockchains such as Ethereum.
Some cryptocurrencies have retraced from their highs, back to prices seen several years ago.39869
London Stock Exchange-listed miner Argo Blockchain is mining 545% more Bitcoin than last year, with profits up 280%.4450
The implementation of this technology promises to remove the need for trusted setups.7536
Privacy coins are quietly being relegated to the fringes of the Blockchain space.6641
ETC’s bad month isn’t over yet.4844
The upcoming Zcash halving could help ZEC to reduce its annual inflation rate and make the coin more profitable for miners.8729
Since late July, positive tweets about Bitcoin have increased substantially, signifying growing interest in its price.9117
Zcash’s creator, the Electric Coin Company, confirmed that their recent educational program is a global effort with more events in the months ahead.4251
The company behind Zcash has begun an endeavor to educate less privileged regions on the benefits of cryptocurrencies.2790
Japanese exchange Liquid is not closed to the idea of relisting Zcash, an asset the outfit recently delisted due to regulatory precaution.5877
Liquid exchange plans to delist major privacy coin Zcash in an effort to play nice with Singaporean regulators.9639
eToro users eased up on every cryptocurrency in Q2 2020 with the exception of Tezos, according to the brokerage firm’s latest report.4205
The foundation launched an updated version of FROST to sign transactions between participants that own a single private signing key.3487
The IRS is looking to expand its investigative capabilities around privacy coins, layer-two solutions, and sidechains.4463