The Zcash eco-community is on the line

Bitcoin, a typical representative of cryptocurrency, has struggled in recent days as a blitzkrieg check on a cryptocurrency exchange in South Korea two weeks ago…

June 13, 2019 —

Bitcoin, a typical representative of cryptocurrency, has struggled in recent days as a blitzkrieg check on a cryptocurrency exchange in South Korea two weeks ago. However, this downturn has not affected the entire cryptocurrency market. Although the price of bitcoin has been falling, the price of cryptocurrency (Zcash) has soared.

In early May, the cryptocurrent bulls, the Wicklerworth brothers, expressed their appreciation for the zeco coin and said that their bitcoin exchange Gemini has obtained regulatory approval and will support large coin transactions in the platform. Since then, the big zero coin has started to skyrocket. Its price soared 47%, and its market value increased by $462.8 million, reaching $1.5 billion today. Gemini is now the first licensed large currency exchange to support large zero currency transactions at 9:30 am Eastern Time on May 22。

Zcash (ZEC) is a new type of encrypted digital asset that uses the zero-knowledge proof algorithm to coexist with transparency and anonymity. It uses EquiHash algorithm and PoW to construct a distribution mechanism suitable for ordinary computer mining. The total amount of issuance is the same as Bitcoin, a total of 21 million.

Zcash is a decentralized open source cryptography currency project that provides transaction privacy and optional transparency through the use of advanced cryptography techniques. Zcash payments are posted on a public blockchain, but the sender, recipient and transaction amount are kept confidential.

Bitcoin is often portrayed as a highly private currency, but it still reveals the source and whereabouts of the funds, as long as it has basic computer technology. On the other hand, the large zero currency is more private and the transaction information is encrypted.

In view of the speculative reduction of the value of the currency market, the high-frequency trading rate caused by the instability of the market value, and accelerate the popularization of the application market of the value currency. In 2019, Zcash Ecology launched a joint investment community service in various countries around the world, distributing countries. The value coin fan group creates profit for it.

Big zero coins have the qualities that Bitcoin doesn’t have. Bitcoin has many advantages, but privacy is not among them. The two revolutionary technologies of Bitcoin and Big Zero are competing in different fields. Bitcoin is digital gold, while large zero currency is digital cash.

The construction of the Zcash eco-community will reduce the frequency of Zcash high-frequency trading and cause the quantity to decrease too fast; in addition, through the reserve of coins to reduce speculative liquidity, reflecting the real use value; let ZEC owners enjoy the rights to participate in the market I believe that the future world’s sharp growth in digital currency and virtual currency penetration, especially the Zcash financial highway, will continue to increase Zcash’s knowledge and application in the world, Zcash’s future development will be even better.

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