Price and Performance History of the Zcash
Price and Performance History of the Zcash
Zero is a fork of Zcash (Zcash is a fork of Bitcoin). It has the security of Bitcoin, the privacy of Zcash and few other improvements. Zero includes the best privacy and anonymity technology available today. The coin has no founders reward, no premine, no slow start and no block reward halving. The developers have also abandoned the idea of mining on mobile devices and made the mining parameters harder.
Zcash is currently trading around $360 apiece with an estimated market capitalization of $1.2 billion (USD) which gives it the 25th position on the cryptocurrency ranks. Evaluations by the trading value of the digital asset will definitely put the ZEC far above most other cryptocurrencies.
Much unlike other cryptocurrencies which started from scratch experienced price booms with time, the Zcash (ZEC) has its all-time high in terms of trading value on the first day of its launch. The ZEC recorded an incredible high of $5,941.80 on October 28, 2016. What followed was a quick downslide, trading at around $50 apiece a week after that.
Pros of the Zcash
Zcash offers selective transparency.
Zcash is GPU mined to prevent centralization
Potentially more effective governance.
Zcash offers exclusive privacy features.
Zcash has an impressive block-time of 2.5 minutes
Cons of the Zcash
Centralization of the digital asset
20% tax on all coins mined to pay for developers and provide returns for investors.
Anonymity of transactions encourages its illicit use
Prediction and Future of the Zcash
Zcash boasts of a solid technology and strong privacy features which sets it apart from other cryptocurrencies. ZEC also has some interesting partnerships including the JPMorgan partnership which inspired over 80% price gain in
Grayscale investment released a new investment thesis stating that the value of Zcash (ZEC) could get up to $62,000. This prediction is entirely hypothetical and looks very unlikely considering the cryptocurrency has never reached 40% of its initial price.
Price and Performance History of the Zcash
Reviewed by mir khaleq ali
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02:04
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Reviewed by mir khaleq ali
on
02:04
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