user: News of Zcash (ZEC) - July 2024 Price Update - 7.60% Breakout Crypto News and Analysis

Professional Author and Crypto Trader

Spot the Main Event:

The major reason for the current increase in the price of the token is the recent announcement of the voting schedule for token holders. This would encourage token holders to hold, and other Web3 users to buy the token to be in charge of their decision process. Another reason is the recent offline event they had where they talked about their plans of having Coinbase on the ramp and integrating Flexa. This would sound bullish for crypto investors, hence attracting them to the project.

Spot the Main Event:

The Zcash Community Grants Proposal is Now Live. Users are invited to decide the future of Zcash by voting on whether 8% of our total supply should be distributed to projects and Influencers building on Zkash

Explore the Core.

Zcash is a decentralized, privacy-focused cryptocurrency that aims to provide complete confidentiality for its users' transactions. It was created as a fork of Bitcoin but separates itself by offering enhanced privacy through the use of advanced cryptographic protocols. Zcash employs two types of wallet addresses - z-addresses (private) and t-addresses (transparent). Transactions between z-addresses keep the details and amounts completely concealed. Zcash utilizes a technology called Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge (zk-SNARKs) to encrypt transaction details without revealing any sensitive information. Users have the option to disclose their z-address and associated transactions to trusted entities, catering to compliance or auditing needs. Zcash aims to provide a simple, secure digital currency that protects user privacy for everyday purchases, sending money to friends, and crypto applications. It is accessible to anyone with an internet connection, offers fast transaction times with low fees, and has a decentralized ecosystem of developers funded to improve the network.

Trade hard. Joy is coming

Spot the Main Event:

Zcash is organizing another shielded coinholder petition so more people can participate. The registration period is open until block 2,574,200, which is 5:00pm UTC Saturday, July 13 (19 hours from now). The Zcash Community Grants Proposal is Now Live. Users are invited to decide the future of Zcash by voting on whether 8% of our total supply should be distributed to projects and Influencers building on Zkash

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.