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Zcash ZEC - Privacy 2023/2024Zcash is decentralized, credibly neutral, and, like Bitcoin, has 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 halving, the rate drops significantly.
Long
by cryptolover12
1
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).
BITFINEX:ZECUSDLong
by noam_chom
17
ZEC - shy_glizzy says "Bull market is over" !!My friend wrote me late at night saying: "bull market is over - I sold everything !". Is he right ? Bull market may be over for Bitcoin (and I am not even sure of that one). One thing I AM sure is AltCoins have almost all broken out against Bitcoin and are in back testing mode ! Z-Cash is no exception ! After years of downward pressure ZEC has broken out of the descending channel and is back testing the (previous) resistance (now) support line. IT IS GAME ON FOR ALTCOINS !!
Long
by Dangermousebanana
27
ZECUSD a massive bullish setupHey friends, hope you are well, and welcome to the new update on Zcash. Previously I have posted the article when the price action of Zcash formed a big bullish Gartley and so far it has produced more than 122% rally: The long-term up-channel: Now on the weekly chart, the price line of ZEC is moving in an up-channel and reached at the resistance, in the meanwhile, it has broken out the 25, 50, and 100 simple moving averages on the weekly chart as well. A big bullish Shark move: Now the price action of ZEC has formed a bigger than the previous Gartley pattern on the monthly chart. the price action cannot enter in the negative zone therefore it is not possible that the price action may move more down up to 1.13 Fibonacci retracement level. The priceline of ZEC has found firm support at $20, therefore it can be considered as a maximum extent of potential reversal zone area. Big bullish Butterfly: Zcash with Bitcoin pair on 2-week chart has formed a very big bullish Butterfly pattern and entered in the potential reversal zone. This potential reversal zone is very vast and in the Bitcoin market, the ZEC has no significant long-term support as well, however, it is likely to find a trend line support on the weekly chart. Therefore we should be looking for two major signals to buy the ZEC within the potential reversal zone of this butterfly pattern. First, we can wait for the exponential moving average 10 should cross up the EMA 21 on this weekly chart. Secondly, we can use look at the Ichimoku cloud on weekly chart and wait for the conversion line to cross up the baseline. After these two major signals, we can place our buying orders in Zcash with the Bitcoin market. Conclusion: The price action has formed the biggest harmonic pattern in its history. Therefore there are strong chances that in long-term it will achieve the highest price in its history as well. For exact buy and sell targets for this trade, and other harmonic trading signals you can join: www.patreon.com
Long
by moon333
💡Don't miss the great buy opportunity in ZECBTCTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.002800). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . Zcash/Bitcoin is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 61. Take Profits: TP1= @ 0.00295 TP2= @ 0.00312 TP3= @ 0.00330 TP4= @ 0.00348 TP5= @ 0.00370 TP6= @ 0.00400 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
12
💡Don't miss the great buy opportunity in ZECBTCTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.002800). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . Zcash/Bitcoin is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 61. Take Profits: TP1= @ 0.00295 TP2= @ 0.00312 TP3= @ 0.00330 TP4= @ 0.00348 TP5= @ 0.00370 TP6= @ 0.00400 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
14
ZCASH WEEKLY AND DAILY REVIEW.Price is at a a key level and considering the hype and positive reviews, we all know Zcash will definitely increase in price. From a technical analysis point of view, the first price target will be the top of the ascending channel with a possible continuation to the previous supply zone after which we might see price slowly dwindle down to form new lower lows. The overall current momentum is bullish at the moment and we only look for buys in the next couple of weeks. Leave a like ,folow and comment on a pair youdlike to see me review next. Stay Winning.
Long
by AFRICAN_FOREX_TRADER
💡Don't miss the great buy opportunity in ZECBTCMidterm forecast: While the price is above the support 0.00355, beginning of uptrend is expected. We make sure when the resistance at 0.00490 breaks. If the support at 0.00355 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: The RSI bounced from the support #1 at 23 and it prevented price from more losses. While the RSI resistance #2 at 48 is not broken, the probability of price increase would be too low. A peak is formed in daily chart at 0.00660 on 10/12/2020, so more losses to support(s) 0.00370 and minimum to Major Support (0.00355) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 34. Trading suggestion: There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.00370 to 0.00355). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. We would set buy orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00370) Ending of entry zone (0.00355) Take Profits: TP1 @ 0.00440 TP2 @ 0.00490 TP3 @ 0.00560 TP4 @ 0.00675 TP5 @ 0.00750 TP6 @ 0.00865 TP7 @ 0.01000 TP8 @ 0.01250 TP9 @ 0.01500 TP10 @ 0.01700 TP11 @ 0.02150 TP12 Free ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
16
💡Don't miss the great buy opportunity in ZECBTCMidterm forecast: While the price is above the support 0.00355, beginning of uptrend is expected. We make sure when the resistance at 0.00490 breaks. If the support at 0.00355 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: The RSI bounced from the support #1 at 23 and it prevented price from more losses. While the RSI resistance #2 at 48 is not broken, the probability of price increase would be too low. A peak is formed in daily chart at 0.00660 on 10/12/2020, so more losses to support(s) 0.00370 and minimum to Major Support (0.00355) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 34. Trading suggestion: There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.00370 to 0.00355). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.We would set buy orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00370) Ending of entry zone (0.00355) Take Profits: TP1 @ 0.00440 TP2 @ 0.00490 TP3 @ 0.00560 TP4 @ 0.00675 TP5 @ 0.00750 TP6 @ 0.00865 TP7 @ 0.01000 TP8 @ 0.01250 TP9 @ 0.01500 TP10 @ 0.01700 TP11 @ 0.02150 TP12 Free ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
14
ZECBTC Update: Profit=8750 SL=1990 Reward/Risk > 4.4:1 Trade Setup summary: Profit targets=8750 pip (750 + 1250 + 1750 + 2050 + 2950) Stop Loss =1990 pip Reward/Risk > 4.4 : 1 Current Status: Total Profit: 1924 pip Closed trade(s): 1924 pip Profit Open trade(s): 0 pip Profit Trade Setup: We opened 4 BUY trade(s) @ 0.005494 based on 'previous Forecast' at 2020.06.21 : Closed Profit: TP1 @ 0.005600 touched at 06.23.2020 with 106 Profit. TP2 @ 0.005800 touched at 06.23.2020 with 306 Profit. TP3 @ 0.006100 touched at 06.24.2020 with 606 Profit. TP4 @ 0.006400 touched at 06.24.2020 with 906 Profit. 106 + 306 + 606 + 906 = 1924 Technical analysis: . ZECBTC is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 60. New Trading suggestion: . There is still a possibility of temporary retracement to suggested support lines again. if so, traders can set orders based on Price Action and expect to reach short-term targets. New Take Profits: TP1= @ 0.008000 TP2= @ 0.008500 TP3= @ 0.009000 TP4= @ 0.009300 TP5= @ 0.010200 SL= Break below 0.006852 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
12
ZECBTC Update: Profit=8750 SL=1990 Reward/Risk > 4.4:1 Trade Setup summary: Profit targets=8750 pip (750 + 1250 + 1750 + 2050 + 2950) Stop Loss =1990 pip Reward/Risk > 4.4 : 1 Current Status: Total Profit: 1924 pip Closed trade(s): 1924 pip Profit Open trade(s): 0 pip Profit Trade Setup: We opened 4 BUY trade(s) @ 0.005494 based on 'previous Forecast' at 2020.06.21 : Closed Profit: TP1 @ 0.005600 touched at 06.23.2020 with 106 Profit. TP2 @ 0.005800 touched at 06.23.2020 with 306 Profit. TP3 @ 0.006100 touched at 06.24.2020 with 606 Profit. TP4 @ 0.006400 touched at 06.24.2020 with 906 Profit. 106 + 306 + 606 + 906 = 1924 Technical analysis: . ZECBTC is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 60. New Trading suggestion: . There is still a possibility of temporary retracement to suggested support line (0.007250) again. if so, traders can set orders based on Price Action and expect to reach short-term targets. New Take Profits: TP1= @ 0.008000 TP2= @ 0.008500 TP3= @ 0.009000 TP4= @ 0.009300 TP5= @ 0.010200 SL= Break below 0.006852 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
9
Don't miss the great buy opportunity in ZECBTCTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.00539). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . ZECBTC is in a range bound and the Resumption of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 60. Take Profits: TP1= @ 0.00560 TP2= @ 0.00580 TP3= @ 0.00610 TP4= @ 0.00640 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
12
Don't miss the great buy opportunity in ZECBTCTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.00539). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . ZECBTC is in a range bound and the Resumption of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 60. Take Profits: TP1= @ 0.00560 TP2= @ 0.00580 TP3= @ 0.00610 TP4= @ 0.00640 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
14
Two Simple Reasons Why The Zcash Can Be More Bullish Than BTCHi friends hope you are doing well. Today we will try to understand that which one is the better for investment the Zcash or the Bitcoin.1st I would like to give you recap of my previous article that I posted on October 9 2019 that the ZEC has formed bullish Crab pattern on 2 day chart. And as per Fibonacci sequence of the Crab pattern I predicted that the price action should take the bullish divergence from the potential reversal zone and should enter in the Fibonacci projection area of A to D leg of Crab from 0.382 to 0.786 Fibonacci level. And finally the price action moved up with the powerful bullish rally and produced more than 170% profit. I was expecting that the price action will cross up of the 0.786 Fibonacci projection area and will start a long-term bullish rally. But unfortunately the price action dropped down again in the potential reversal zone. Now we have a very strong support of the potential reversal zone for the price action of Zcash. 1st reason the most undervalued coin among top 100 cryptocurrencies: If we watch the history of the ZEC as per Bitfinex exchange. Then it was enlisted there in the last week of September 2016. When it was being traded above $2600. In the meanwhile the Bitcoin was being traded at almost $600. So at that time the Zcash had more value than the Bitcoin. Therefore at this time Zcash at is one of the most undervalued coin among the top hundred cryptocurrencies. But if we watch the first long term bullish rally by the ZEC coin that was started from Feb 2017 to January 2018, that was more than 2200%. On the other side the Bitcoin moved by 1800 percent so there was the difference of 400% in the profit produced by the Zcash price action comparatively to the Bitcoin. Therefore many traders think that whenever the Bitcoin starts bullish rally the Zcash follows it subsequently but eventually ZEC coin produces more profit than BTC. For example we can also watch the recent rally from March up till now. Where the Bitcoin has rallied more than 160% whereas the Zcash has rallied more than 170%. Up channel: On daily chart The Zcash and the Bitcoin both has formed an up channel. At this time almost every top cryptocurrency has formed such kind of up channel on the daily chart. Both the ZEC and BTC have reached at the support of his up channel so there are chances that both coins will start another rally to reach up to resistance to make another attempt for the break out. We can also observe that within this channel the Zcash has produced more gains than the Bitcoin. Chart patterns on weekly chart: Now if we switch on the weekly chart then it can be observed that the Zcash has formed falling wedge pattern. And it has already bounced from the support of this wedge. But so far it did not reach up to the resistance of the channel so there are chances that it will move further more to reach up to the resistance. However if we watch the Bitcoin on the weekly chart then it has formed a down channel and after hitting the resistance the leading cryptocurrency is likely to drop down. However if the Bitcoin will start bearish rally from here then it is possible that ZEC coin will be not pulled back like other cryptocurrencies. I'll tell you the reason why it will be not pulled back with the other cryptocurrencies when I will explain the second reason. However the sideways movement within this wedge is possible. Second reason a big bullish harmonic pattern and due bullish move: After the drop of March 2020 we have witnessed that many cryptocurrencies completed their final berish legs of different patterns. And if we talk about the Bitcoin and Zcash then Bitcoin formed a very big bullish Gartley pattern on the monthly chart and on the other side the Zcash also formed is very big bullish Gartley pattern on same monthly chart. However as per Fibonacci sequence the Bitcoin took bullish divergence and has entered in the potential sell zone or the Fibonacci projection of A to D leg of Gartley, but if we watch the ZEC coin then it is still moving in the potential reversal zone. Therefore as per Fibonacci sequence of bullish Gartley pattern the powerful bullish rally by the Zcash is still due. The price action is still moving in potential reversal zone and this potential reversal zone in itself is a very strong support for the price action. Therefore we can expect if the Bitcoin to be dropped from here or starts a correction rally then Zcash will move sideways within this PRZ level. And when the Bitcoin will start the bullish rally then the Zcash will start its due bullish move as per Fibonacci sequence of this Gartley pattern and will beat the Bitcoin in profitability. Bitcoin Gartley move: Zcash Gartley move: Conclusion: Zcash is far more undervalued coin among go all the top hundred cryptocurrencies. Therefore when the Bitcoin will start bullish rally then ZEC coin can try recover its lost value that was more than $2,600. It is the normal behavior of the Zcash that whenever the Bitcoin starts the rally the ZEC follows it subsequently and produces more profit than Bitcoin. And this due bullish move of Gartley pattern can lead The Zcash to produce more profit than the Bitcoin again.
BITFINEX:ZECUSDLong
by moon333
2