Per time of writing the 20th largest coin by market capitalization Zcash is counting 4.45% gain for the last 24-hours against the US Dollar.
Breaking above the weekly declining trend acted as a catalyst for traders to step in and take the most out of the opportunity however the $55.00 level tanked the price movement downward.
Story time – Zcash
Professor in John Hopkins University – Matthew D Green – in 2013 introduced the protocol named Zerocoin. At that point it represented an extension protocol for Bitcoin’s network to gear up the blockchain privacy game. With it users were able to destroy the coins while returning an equal value of them later. Drastic improvements were made later on with the zk-SNARK or Zero-Knowledge Succinct Non-Interactive Argument of Knowledge protocol introduction which could also present a solution for Ethereum’s scaling as highlighted by Vitalik Buterin.
A few months ago, Ifdefelse proposed a solution to overcome…
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