Bitcoin Bumps Up, but for How Long?
Traditional markets continue to struggle during the coronavirus crisis while cryptocurrencies are seeing an upswing.
Zcash is a blockchain based cryptocurrency focused on privacy. Zcash also has the ability for participants to release certain transaction data so that the cryptocurrency can be used legally and so transactions can be audited if so desired. There are four types of transactions due to there being two types of addresses – private addresses (Z-addresses) and public addresses (T-addresses). There can therefore be entirely private or entirely public transactions or a combination where either sender or receiver details are private. It was launched on October 28, 2016 by the private Zcash Company led by Zooko Wilcox. It is also supported by the non-profit Zcash Foundation launched in March of 2017.Blockchain 101
Developers of ether mixer Tornado Cash have destroyed their admin keys, turning the privacy tool into permissionless code.
Zcash-inspired privacy tools are coming to Bitcoin's Lightning Network and many other blockchain ecosystems, creating a shared cryptocurrency privacy layer.
Zcash is due for its first mining reward halving later this year. The event could solve a major problem for the privacy-focused cryptocurrency.
In the news: a new blockchain voting proposal, Cash App's bitcoin profits and why we're sooner having a halving.
American and European equity markets extended their gains on Thursday while major cryptocurrencies made only slight moves on the day.