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Zcash about to Attempt to Go Turbo Mode ZEC $200 September?!The massive dump has been caused by miners liquidating. Levered futures players are also getting washed out Our mission at Electric Coin Co. (ECC) is to empower economic freedom, and to that end, we contribute to and support a fair, open currency to protect the freedom, dignity, consent, and security of people all over the world. Sensible policy guidance and education are at the core of our work with socio-political stakeholders, and ECC advocates that privacy is essential for personal, business, and national security. Our partner network in these endeavors includes think tanks, academic research centers, and nonprofits that provide thought leadership and advocacy for issues that affect Zcash users. Zcash is compliant and fully compatible with global AML/CFT standards, including all final FATF recommendations, the European Union’s Fifth Anti-Money Laundering Directive, and the United States’ Anti-Money Laundering regulations. It is approved by the New York State Department of Financial Services (NYDFS), a key requirement for listing on major exchanges, like Gemini and Coinbase.
COINBASE:ZECUSDLong
by noam_chom
5
Zcash big picture. Is Prosperity in Our Future? ZEC DXY Long-term sustainability with the Zcash Posterity Fund Nathan Wilcox | August 4, 2022 As we conduct research into Proof-of-Stake (POS) and develop a recommendation for Zcash, an outstanding key area is how the issuance schedule for new ZEC would interact with PoS security. In this post, we take a step back from PoS itself, and analyze how issuance and fees support long-term network sustainability. We introduce a proposal, which we call the Zcash Posterity Fund (ZPF), for modifying ZEC issuance in order to improve long-term financial sustainability of the network, while maintaining the 21M ZEC supply cap and approximate issuance rate. This proposal is independent from PoS or any consensus protocol recommendations and could be adopted with the current PoW consensus protocol with the same benefits and drawbacks. We will be gathering feedback from across the Zcash ecosystem about this proposal. Why now? We believe this proposal could be a beneficial precursor to three promising lines of development for ZEC: Improvements to transaction fee mechanisms can use the Zcash Posterity Fund to improve resilience and predictability of the network. A transition to PoS can rely on this proposal to ensure key properties of the supply and issuance schedule are preserved. New functionality such as Zcash Shielded Assets can use this proposal for new fee mechanisms that have good incentive alignment for ZEC sustainability. Because all three of these nascent improvements are underway, we want to float this proposal now to see if it can benefit all three efforts. Additionally, this proposal introduces a way to direct funds towards sustaining the network into the future, so adopting the proposal earlier enables that funding mechanism to begin accruing value earlier. Funding the network The core innovation of Bitcoin which all cryptocurrency inherits is that the network funds itself. In Bitcoin, Ethereum, and many public crypto networks, the built-in funding is paid out to block producers. In Zcash, this funding is split between block producers and the Zcash Development Fund, which contributes to education, technology development, and other activities that support and enhance ZEC. Generally, funding to support a network can either come from within the protocol itself, for example in mining rewards, or from other sources, such as when an organization has raised capital elsewhere and funds development work on the protocol or products. External funding is important and can have a large impact. However, there’s no guarantee when or where these sources will appear, that these funding sources have incentive alignment with ZEC holders, or that they will remain as dependable sources of funding over a longer period. For all of these reasons, we believe it’s important for ZEC users to focus on maintaining or improving the intrinsic sustainable funding mechanisms in the protocol itself. This post and the Posterity Fund proposal focus on the sources and amounts of network funding and are agnostic as to the recipients, so they are applicable to the current mining & Dev Fund structure of ZIP-1014, or future changes to infrastructure & development funding, consensus mechanisms, or other changes to funding recipients. The Zcash Posterity Fund We propose a change to the Zcash issuance system we call the Zcash Posterity Fund to help reduce uncertainty about the long term sustainability of Zcash while maintaining the key properties we believe most ZEC users prioritize. The proposal maintains these properties (along with their benefits and drawbacks): The 21M ZEC supply cap, A disbursement rate that continuously halves every four years, A non-discretionary issuance rate. Meanwhile, this proposal would change these high level features from the current Zcash design: The halving epochs would be replaced by a smoothly declining disbursement curve, Fees which deposit into this mechanism would be distributed over time in block rewards. Zcash Posterity Fund definition The specific high level definition of the Zcash Posterity Fund proposal is as follows: If the proposal is activated, a new Fund would be entirely managed by the protocol. (There are no private keys, wallets, individuals, or organizations controlling this protocol-managed Fund.) The initial balance of the Fund when created is equal to the number of not-yet-issued coins, or equivalently 21M ZEC minus the current outstanding supply. Starting from the block of activation, the current block reward rules no longer apply, and instead block rewards come from ZPF Disbursements. The proposal does not define the recipients of disbursements, which should remain unchanged if this proposal is accepted. Meanwhile, the proposal does restrict the amount of disbursement: Disbursements may be no more than a fixed percentage, X%, of the Fund’s current balance in a given block. The parameter X% is calculated from the block target time so that without any incoming Fund deposits, the balance of the Fund reduces to half over a four year period. If future changes to consensus rules alter the block target time, or other aspects of transaction finalization timing, those changes must update this X% parameter to fit the “four year half life” rule to the best practical approximation for that new protocol. Future consensus changes should not alter the balance of the Fund other than by instituting new deposits from the extant supply. Future consensus changes should not increase the disbursement rate X% beyond the “four year half life” rule. The final piece of the ZPF proposal is that it now becomes possible to transfer Funds from the circulating supply back into the Fund via Deposits. Future protocol-enforced fee mechanisms may require fees to do this. This base proposal is not specific to any particular deposit mechanisms. Visualizing changes to issuance & supply schedules If this change were adopted and there were no deposits, the disbursements would alter issuance away from halvings into a smooth curve. We can visually compare current issuance to disbursements without deposits for a hypothetical activation height: Current issuance vs Zcash Posterity Fund disbursements. This uses a hypothetical activation height after the second halving. If there are significant deposits into the Fund, the slope of the disbursement curve would be increased above the line shown. In any period without deposits, the curve would continue to have the same rate of exponential decay with a negative slope. The impact on the overall supply schedule in the absence of deposits is barely visible at a long time scale: Current supply schedule vs Zcash Posterity Fund disbursements (w/out deposits). This chart uses the same hypothetical activation height as the previous chart. In the presence of deposits, the supply will always be equal or less than the line above. With sufficient deposits the supply growth rate can even become negative during that period. The Posterity Fund and sustainability The essential element of the Posterity Fund is to enable deposits from the circulating supply, which allows a feedback loop from current usage to future funding: Comparing Tokenomics between status quo vs the Zcash Posterity Fund proposal Both the status quo and this proposal have a capped supply of 21M. We can think of the proposal as introducing a single new element, deposits, which enable a feedback loop between the circulating supply and future funding. This does not “solve” long term sustainability by itself, but it provides a framework that focuses the problem of sustainability on finding sufficient sources of deposits to maintain the network. If over longer time scales of years, the rate of deposits is equal to or larger than payouts, the system can run indefinitely. Meanwhile, if over shorter time spans of months or less, the deposits are below the payout rate, the protocol can weather that period for quite some time. Sustainability of the status quo So far the Zcash network funds itself using the Bitcoin design. New coins are issued on a schedule that approaches a limit of 21M units over time: BTC & ZEC supplies over time The issuance over time follows the Bitcoin halving schedule design: ZEC issuance
Long
by noam_chom
ZEC-USD accumulation cycle theory: Zcash Privacy Cryptoz.cash Zcash has a new and improved web portal, and many new wallet features and full node solutions have been provided this month. The chart has been strictly bearish for more than 12 months, but it now appears that an accumulation cycle can begin. Whenever the bull market eventually returns, look for a 12 month low to high cycle structure, this is estimated to happen from early 2024 into early 2025 Zcash has its halvening in November 2024 which will occur at a point of major retail attention.
ZLong
by noam_chom
Zcash vs Bitcoin begins Total Capitulation Wall ZEC BTC PrivacyThe vulnerabilities, discovered by Halborn in a 2022 audit of Dogecoin, were first disclosed to ECC and contributors to other affected networks on Feb. 14, and more details were relayed in a Feb. 17 call. ECC initiated our security process immediately and began coordinating with ZecSec.com, the independent Zcash-community-funded security team, and with Zcash Foundation, who analyzed the impact on zebrad, its own implementation of a Zcash node. We also reached out to Horizen, Komodo, and other teams with whom we have disclosure agreements. Within days, we had zcashd patches ready for third-party testing, but the public releases have been delayed to allow other projects time to complete their own remediations and to allow for coordinated comms, given the sensitive nature. Halborn found that the bugs could allow an attacker to utilize peer-to-peer network messages to fill the memory of a node and crash it. By crashing other people’s mining nodes, an attacker could potentially reduce, by around one half, the amount of hashpower they would need to mount a 51% attack on the Zcash network. A successful 51% attack could potentially be used to execute a double-spend attack, which could result in users who received transactions from the attackers losing their funds. We have no reason to believe that the Zcash network is currently vulnerable to a 51% attack — with or without the “one half discount” on the attack cost — but out of an abundance of caution, we’ve hardened the zcashd nodes so that they cannot be crashed using this bug.
by noam_chom
3
Zcash ZEC to $100 in 2023: battle for After-Life Privacy cryptoRecursive Proof Composition without a Trusted Setup Sean Bowe1 , Jack Grigg1 , and Daira Hopwood1 1 Electric Coin Company {sean,jack,daira}@electriccoin.co electriccoin.co Abstract. Non-interactive arguments of knowledge are powerful cryptographic tools that can be used to demonstrate the faithful execution of arbitrary computations with publicly verifiable proofs. Increasingly efficient protocols have been described in recent years, with verification time and/or communication complexity that is sublinear in the size of the computation being described. These efficiencies can be exploited to realize recursive proof composition: the concept of proofs that attest to the correctness of other instances of themselves, thereby allowing large computational effort to be incrementally verified. All previously known realizations of recursive proof composition have required a trusted setup and cycles of expensive pairing-friendly elliptic curves. We obtain and implement Halo, the first practical example of recursive proof composition without a trusted setup, using the discrete log assumption over normal cycles of elliptic curves. In the process we develop several novel techniques that may be of independent interest. Keywords: recursive proofs · incrementally verifiable computation · zero knowledge
COINBASE:ZECUSDLong
by noam_chom
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
Zcash ZEC VS BTC Bitcoin - Altseason Breakout Strategy - PrivacyThe possible use cases are as numerous as with any Defi system. One example might be the ability to purchase an NFT using shielded ZEC, allowing the purchaser privacy by shielding onlookers from prior transactions and ZEC holdings. Another example use case might be the ability to loan ZEC for yield where the originator of the loan remains private. Does this mean ZEC is actively pursuing to become an IBC-compatible Cosmos Zone? On a similar note, KEEP Network is soon launching a NuCypher collaborative solution for tBTC v2. Considering Matt’s @mhluongo past activity in here, is there a tZEC solution that’s actively being researched/built at the moment?
Long
by noam_chom
Zcash / BTCThe date was 10/15/2019, I posted one of my first analyses to this account called " found a downwards channel in ZEC " (linked down below) all the chart had was a channel placed with 3 indicators: the TD seq, Ichimoku & EMA ribbon with a bio of " this channel needs to break or there will be no ZEC bull run " that's it... haha... ok As time passed the channel held perfectly, I never moved it till this day. *FYI* The orange and green lines are the fib lines Green lines: .618 (middle) & .5 (middle) Orange lines: 1 (top) & 0 (bottom) Need proof? I got you 3 beautiful tests on each of the tops & bottoms of the channel also there are many confirmations for the middle of the channel. If we zoom in and look at the last two channel touches and compare it to BTC, we can see further proof of resistance existence The first touch was exactly when BTC dropped but the second touch lagged a week (bull trap) but still it touched the channel right when it was dying. I'm sure that puts more weight on the channel with more evidence then just candle touches. After the correction we broke out with a hit of the ichimoku to end it all and a top at 48k BTC resistance. While everything's playing out ZEC falls and perfectly touches top of the channel & forms a multi week bottom while confirming the channel as a bottom with the help of the TD seq. Potential ichimoku cloud break this week!! first one in its history!!!! Now that we agree that the channel works, lets look at the ZEC longs The white lines represent the severity of the first channel touch, with the biggest drop in longs I've ever seen. that fall killed off 80% of people and it didn't bother recovering. First Jump: 203 days - From (Dec/10/2018) to (Jul/1/2019) longs shot up from 6.3k to 64.5k USD BTC ZEC was @ $50 & toped @ $100 - (+2x) ZEC toped @ 0.017 & ended @ 0.0093 (-1.8x) BTC was @ $3.5k & toped @ $12k - (+3.5x) Consolidation: 378 days - For the next year (1/Jul/2019 - 13/Jul/2020) longs stay consolidating between 46.5k to 65k USD BTC ZEC starts @ $100 & end @ $60 - (-1x ish) ZEC starts @ 0.0093 & toped @ 0.0063 - (-1.5x) BTC starts @ $12k & ends @ $9.5k - (-0.8x) Last Jump: 287 days - Longs shot up (Jul/20/2020 - May/3/2021) USD BTC ZEC was @ $60 & toped @ $300 - (+5x) ZEC starts @ 0.0066 falls to 0.0015 then ends @ 0.006 - (almost equal) BTC was @ $9.5k & toped @ $65k - (+7x) Death: 360 days + ? (May/17/2021 to ---) - This is the day BTC had the hardest and fastest fall in history. After a full 875 days of longs going straight up everyone lost hope and left it consolidating for about 360+ days, no longs in sight. As you can see every person longing ZEC/BTC died from the begging of 2018 till now, you notice the USD value made some sort of profit but if you ask me.... no ser you cant be an alt and not do min 10x threw a 4 year long bear+bull market. No but for real, BTC went from $3k to 65k in that time span.... what did Zcash do? with a top @ $1k and a floor @ $20 we are still at $100 with every alt at least hit there ATH..... come on now... just look at the mining difficulty and tell me that's not a great indicator, miners are hard at work and they have been. ibb.co the date was Jul/19/2021 I posted a chart called "this chart predicted the TM cap top" (linked down bellow) this is the second post noticing it, in it I said "once this channel breaks.... obviously to the upside (if ever) this might lead to the biggest alt market ever seen." that was back then and now is now.... I'm not saying its not possible but with rate hikes and the Nasdaq falling hard with the DXY mooning, it doesn't fell too well but hold strong. Charts speak for them selves. look I'm not gonna lie, I truly believe BTC will jump to 40k and top out then the US will keep dumping on us to lower rates and more hell will be brought onto us till 18k gets touched. that's if and only if we keep following the US, with China potentially giving out $5.8 T stimulus.... I think we might see another 2020 but with the Asians instead of Americans but at some point pain will come so take care people. With the US & EU noticing crypto, placing laws and regulating like they give a shit I can see the need for privacy coins at this exact moment.... I can proudly say this channel is real and it did break also I can fully understand why were breaking out of this channel with all the harsh rules and taxes. To me the biggest news is when they have there stable coin on the market. I believe that will officially stamp crypto as a "real" asset to the normies This is the perfect moment!! Bitcoin is at 30k and ZEC???? who the hell is looking at anything other then BTC after the shit show LUNA caused. You can call this bearish but I disagree. Zcash has the momentum against BTC and has full privacy. Once the US comes in with there coin I can promise you fed eyes will be all over the blockchain and all the fools scared of the government? (I'm not (: idk why you would be) well they will be running to privacy coins for sure. ZEC isn't the only privacy coin looking to moon XMR about to pop! with a perfect break of the channel and a retest of top 1 im just more bullish on ZEC good luck guys be safe!!!
Long
by Jack-Strainer
Zcash ZEC Crisis Continues. Liquidity x Price StalledHalo is coming soon, but nobody cares, nobody knows, nobody has money to invest for Zcash Among the features included in the next Zcash network upgrade is Unified Addresses. The unified address (UA) is a future-proof Zcash address format that improves usability, increases the ease of interoperability, and supports shielding Zcash by default. In this post, we will explain the benefits of unified addresses, how they work and how they fit within the broader Zcash ecosystem. Background Zcash is always improving — implementing cutting-edge cryptography with secure, professional-grade code. As Zcash evolves, new value pools are introduced that offer better features and benefits. This was the case when Zcash upgraded from Sprout to Sapling, and it will be the case when Zcash upgrades from Sapling to Orchard. Multiple address types can negatively impact the user experience. They are not unique to Zcash; in fact, many protocols face this challenge, including Bitcoin. This is because certain protocol improvements (such as SegWit in Bitcoin) require a new address format. UAs make Zcash easier to use by removing the complexity of multiple address types. This simplifies the user experience — no more juggling addresses — and increases interoperability between shielded-only applications and transparent-only applications. If a wallet supports auto-shielding (a new feature included in Halo Arc), their users can be confident that their funds will be shielded by default and stored in the latest shielded pool. UAs will also make network upgrades easier because Zcash can iterate quickly without introducing new address types — solving a huge problem faced by many protocols today. The single-address standard will also advance use cases related to Layer 2, DeFi and interoperability, because it will be easier to build applications and tools for Zcash. What are UAs? Unified addresses are generated from a set of multiple Zcash address types (i.e., transparent, Sapling and Orchard). Think of unified addresses like a universal travel adapter that lets you plug into different sockets. They make it easy for wallets to migrate funds to the latest shielded pool while gradually deprecating older technology. With unified addresses, wallets will default to moving coins to the latest shielded pool supported by the wallet. These features, auto-migration and auto-shielding, are part of ECC’s Halo Arc product suite. With the upcoming Orchard upgrade, there will not be a stand-alone Orchard address. Instead, users will access the Orchard shielded pool through a unified address.
GEMINI:ZECUSD
by noam_chom
10
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
💡Don't miss the great buy opportunity in ZECBTC @ElectricCoinCoTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.003339). . 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 beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 56. Take Profits: TP1= @ 0.003707 TP2= @ 0.004074 TP3= @ 0.004373 TP4= @ 0.004700 TP5= @ 0.004944 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 / Crypto 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
8