Red-Line Zcash Pump June 1st or permanent Rekt Asset What are the economics of Zcash?
Zcash's monetary base is the same as Bitcoin's — a fixed supply of 21 million Zcash currency units (ZEC). Every 75 seconds, a new block is mined to the Zcash blockchain and a block reward of 3.125 ZEC comes into circulation. The amount of the block reward cuts in half about every four years until all 21 million ZEC are in circulation. Zcash inflation almost precisely mimics that of Bitcoin. It’s important to note that as new coins are created inflation goes down, and at each halvening the rate drops significantly. As of the Canopy activation, 20% of the Zcash block reward is distributed to a Community Development Fund. For more information about distribution, see the Funding, Incentives, and Governance blog post.
How can we determine the amount of ZEC in circulation within transparent and shielded pools? How does Zcash prevent counterfeiting?
Zcash miners validate every on-chain transaction. Transactions that involve a shielded address (either sending or receiving) come with a zero-knowledge proof. The zero-knowledge proof ensures that the transaction doesn't violate the "conservation-of-money" rule (i.e. a proof that the money coming out of the transaction is less than or equal to the money going into the transaction). ECC uses Turnstiles as a method of auditing the monetary base in Zcash’s shielded pools.
Is Zcash protected against quantum computers?
Zcash is better-protected against future (hypothetical) quantum computers than almost any alternative, primarily due to the fact that Zcash addresses ("public keys") do not get posted on the blockchain. Scientists at the Electric Coin Co., and in academia, are actively researching postquantum-secure alternatives to any affected cryptographic components. Members of the community plan to monitor developments in postquantum-secure components, and if/when they are mature and practical, update the Zcash protocol to use them.
What is a zero-knowledge proof? How does Zcash integrate it?
Zero knowledge proofs are a scientific breakthrough in the field of cryptography: they allow you to prove that a statement is true without revealing the statement itself. Think about this example: if you want to prove you are old enough to drink alcohol, you generally have to show your ID card which reveals a lot of information about you beyond just your age. Your ID card can reveal your address, your face, your height - all of that has nothing to do with your age. A zero-knowledge proof could let you prove that you are old enough to enjoy a cold beer and only that. Zcash uses a particular type of zero-knowledge proof called zk-SNARKs (or "zero-knowledge succinct non-interactive arguments of knowledge"). These zk-SNARKs are used in any transactions that involve shielded addresses. Dive deeper into zk-SNARKs and how they work in Zcash on the explainer page.
What mining algorithm does Zcash use?
Zcash currently uses Equihash as the proof-of-work for block mining in Zcash. Equihash is a proof-of-work algorithm devised by Alex Biryukov and Dmitry Khovratovich. It is based on a computer science and cryptography concept called the Generalized Birthday Problem. As of May 2018, Zcash's Equihash parameters have been implemented in custom hardware ("ASIC") miners. ECC is closely monitoring the effectiveness of alternative consensus algorithms such as PoS and will continue to evaluate as part of our long-term roadmap to increase scalability and sustainability.
What are the general characteristics of a Zcash block?
Average block time: 1.25 minutes (75 seconds)
Maximum block size: 2MB
Block Reward: currently 6.25, 3.125 after November 18, 2020
Each 4 year period, the ZEC creation amount will halve (from 12.5 to 6.25 to 3.125 to 1.5625 and so on).
Privacycoin
Maybe OI goes higher and then Zcash ZEC price goes higher also"Privacy is the right to a free mind," Snowden said. "Without privacy, you can't have anything for yourself. Saying you don't care about privacy because you have nothing to hide is like saying you don't care about free speech because you have nothing to say."
Zcash Cope and Hope lines for the futureWhy Is Crypto Down? Inflation Worries. ZCash (ZEC) Synthetix (SNX) Price Prediction | Market Update. Do we know Why Is Crypto Down? Is there any place for Worries about Inflation? We use graphs and data to find out in our Market Update. Also we give ZCash (ZEC) and Synthetix (SNX) Price Prediction
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$XMR to Test $200 SupportMonero has realized 8 consecutive green weekly candles, from $130 to $290.
Privacy protocols have benefited from market desire for unlinkable & untraceable transactions this year in the face of the weaponization of financial instruments.
XMR has a long track record, is a trusted blockchain, and has a long-term place in the crypto space.
However, institutions and central banks are trending towards more insight into transactions with the European Union primarily leading the efforts, not to mention concerns regarding Proof-of-Work energy consumption and push towards green/renewable and alternative consensus mechanisms.
Near-term, expecting a test of $200 support from local high of $290 (~30% retracement) with potential to see bearish continuation to $150 and then $115 if the broader macroenvironment continues to realize rampant inflation in the face of a slowing economy.
Indicators support the current decline with MACD reflecting a recent bearish cross on the daily, declining momentum and on balance volume.
Monero has lost 20 EMA, regaining with a close above this would result in need to watch closely as the week progresses.
XMR - Monero / BTC Showing Signs of Life - Part 4Monday 11th April 2022
Welcome privacy advocates. Monero Champions
It has been a consolidatory sideways weekend for BTC, but a great weekend for Monero in terms of BTC price.
On the 2 day chart we are at a green TD 8 count.
We have green TD count up dots below all bars and achieved a qualifier "Q" bar on the TD 7
7 and 8 wicked up to just below the 1.272 fib extension of 0.005814
With 1 day and 17 ours to go on the 8 and 2 full days for the 9 to perfect, we could see price continue to more up towards the 0.006035 area, at the 1.414 fib extension
All MA's are below the price now, 33, 88 and 147 day.
Tenkin is still above Kenjun line
Price is well above the Tenkin line
Volume is looking good.
The top of the Ichimoku Cloud is sitting at 0.004958
33 and 88 day MA's are curling up into the cloud
If we see price pull back, between the 33 day and 147 day MA's look good, 0.004456 - 0.004913
Money flow is still green, but has not crossed the zero line. It should cross positive once this candle has closed out. Which where, historically, it has reverted back and flipped negative again, traders taking profits back into BTC.
Squeeze momentum has been strong, staying green for quite sometime now. It faded to a dark green, an over the last 6 days has gained strength going bright green and rising strongly. The previous high in squeeze momentum was on the 15th January where price hit 0.005384.
On the second Bad Ass Bollinger Band chart I will link to this, TD resistance dots are sitting at 0.0061
Money flow has flattened and the price volume oscillator is still not in overcooked territory, and still rising sharply.
There will more than likely be a pullback between current price of 0.005700 and 0.0061
Let's see where it goes privacy freaks! 1 CPU, 1 vote1! Random X's all the way!
Z-Cash: Fibonacci Charts the Course AheadA Fibonacci 5, 3, 2, 1 countdown can be seen on ZEC's chart which began in March of 2019 and is set to conclude in Feb 2022. My guess is that this is when privacy becomes a hot topic and ZEC finally breaks it's downtrend and enjoys a monster rally. ZEC seems to have pivoted at 0.003 and is now trending up to retest the trendline at 0.0053. I don't tihink we'll bust through here - it just doesn't seem like time yet. But this is a phenomenal time to triple or quadruple your stack if you play the ride up to 0.0053 and back down well. I'm in!
ZCSH Zcash Grayscale Trust - OTC Market Redemption Arc GBTC ETHE
Zcash Idealism:
In November of 2016, journalist Morgen Peck showed up at her friend Molly Webster's apartment in Brooklyn, told her to take her battery out of her phone, and began to tell her about The Ceremony, a moment last fall when a group of, well, let's just call them wizards, came together in an undisclosed location to launch a new currency.
It's an undertaking that involves some of the most elaborate security and cryptography ever done (so we've been told).
And math. Lots of math. It was all going great until, in the middle of it, something started to behave a little...strangely.
XMR still breakout ready above 2.05 to 2.076XMR sank back down after breaking slightly past the downward trend resistance (coming from March 8th's huge gain).
With the respective correction and gradual 2 week climb back up, XMR is still very much poised to break out to new high not seen yet this year.
Originally, I had assumed Monero would pump as soon as it broke out from that pesky negative trend resistance. However, it did sink back to the neutral pivot, and (thankfully) is now back within the original positive trend channels. XMR is now heading towards a triangle breakout from the convergence of the red negative trend resistance, and the yellow neutral pivot of today creating a nice even angle at the end of the day tomorrow, with the bottom of our positive trend channels.
Zcash Reversal Rally potential on Low Time FrameA purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution.
Digital signatures provide part of the solution, but the main
benefits are lost if a trusted third party is still required to prevent double-spending.
We propose a solution to the double-spending problem using a peer-to-peer network.
The network timestamps transactions by hashing them into an ongoing chain of
hash-based proof-of-work, forming a record that cannot be changed without redoing
the proof-of-work.
The longest chain not only serves as proof of the sequence of
events witnessed, but proof that it came from the largest pool of CPU power. As
long as a majority of CPU power is controlled by nodes that are not cooperating to
attack the network, they'll generate the longest chain and outpace attackers.
The network itself requires minimal structure. Messages are broadcast on a best effort
basis, and nodes can leave and rejoin the network at will, accepting the longest
proof-of-work chain as proof of what happened while they were gone.
Zcash vs Bitcoin must avoid the 1D Death Cross!Zcash is an implementation of the Decentralized Anonymous Payment scheme Zerocash, with security xes and improvements to performance and functionality.
It bridges the existing transparent payment scheme used by Bitcoin with a shielded payment scheme secured by zero-knowledge succinct non-interactive arguments of knowledge (zk-SNARKs).
It attempted to address the problem of mining centralization by use of the Equihash memory-hard proof-of-work algorithm.
the era of privacy is coming #FIRO $FIROFiro (FIRO), formerly known as Zcoin, is a cryptocurrency that focuses on being private digital cash. It created the Lelantus privacy protocol which allows users to burn their coins and redeem them later for brand new ones that do not have any transaction history.
FIRO WILL BECOME A PRIVACY COIN INFRASTRUCTURE!
My Target is 14$ for now, but i believe 39$ is easy to hit
ARR Mate!!!! Can Pirate chain hit $50?
To answer this we must think how people value their privacy, and by looking at price action. The price action is telling me people value privacy.
It has very recently broken out of it's almost year long bullflag and looking to make a bullish move over the next few months.
Once or if the weekly RSI breaks above 60 I think price action will follow and move fairly quickly.
Once again this is for entertainment purposes and is not financial advice.
Privacy coins will be a demand in the next yearsSo... privacy coins will surely be a demand in the next years due to the regulations and people looking for privacy with their money.
Better if the privacy is with smart contracts+defi, we have Secret Network as the next big thing (IMO)
i'll keep accumulating and looking for the next levels on the next bull run.
(*this is not a financial advice.)
ARRR, PirateChain is doing so freaking BULLISHi said it before, 1ARRR=1ARRR for me and I don't care much about the price
but here what I believe for a short term
as $XMR growing these days I believe massive bull in privacy projects will start soon, and great adoption and awareness will come with it
XMR BUY SETUP XMR breakout Symettrical triangle . wait for retest on $174-$175 and we can setup entry
Privacy coin new trend now!
Growth buyer volume. make a new momentum after pump
Expecting upward movement from here back to try resistance trendline🚀
Stoploss : $168
ZEC Most Important Resistance!When looking at ZEC on the daily TF we can see that is currently trading right below one of the strongest support resistance zones that have been established for this project. Privacy coins are becoming more favorable these days with a lot of centralization happening in the crypto space with companies we thought were for the people and decentralization. This key resistance level needs to be broken through decisively. ZEC also needs to show strength by trading in the new range shown above its current resistance. If that second line is broken through and ZEC can trade strongly above those levels another run to the previous highs is looking more possible. It's a strong OG project that's not going anywhere anytime soon.
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
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This is not financial advice. This is for educational purposes only.