In brief
Zcash Network Upgrade 5 is live on mainnet. For my perspective on what this is and why it is historically important, see this thread: https://t.co/4wnZR5PXnE pic.twitter.com/5VcrZO2cTh
— zooko❤ⓩ🛡🦓🦓🦓 (@zooko) May 31, 2022
$83,151.00
-1.39%$1,837.90
-3.75%$2.17
-0.86%$608.04
-1.71%$125.65
-2.95%$0.999948
-0.01%$0.171047
-5.09%$0.67911
-3.50%$0.231841
-0.42%$1,836.08
-3.69%$82,943.00
-1.50%$3.71
-1.50%$9.61
-0.98%$13.65
-4.50%$0.269708
-1.41%$19.73
-2.95%$2,202.29
-3.71%$0.999592
-0.03%$0.00001276
-3.87%$2.32
-6.81%$0.17386
-3.87%$86.20
-1.54%$4.12
-2.94%$6.33
0.58%$305.31
-0.77%$4.68
-2.89%$0.797083
-3.59%$1,839.76
-3.67%$0.999921
0.07%$0.999094
-0.09%$12.85
-4.49%$1,953.66
-3.74%$28.33
-1.17%$216.13
-1.37%$6.03
-2.61%$5.26
-5.03%$2.62
-3.63%$0.00000726
-6.80%$1.045
0.06%$0.106675
6.09%$48.51
-1.44%$35.55
-1.22%$22.44
-2.35%$0.809746
-2.79%$83,134.00
-1.48%$5.42
-3.16%$0.999201
-0.03%$168.58
-4.45%$0.80497
-4.48%$16.78
-2.30%$1.16
0.30%$10.14
-2.41%$0.023304
-2.84%$231.22
-4.80%$1.00
0.00%$0.363981
-6.92%$4.29
-5.18%$3.23
-5.87%$3.49
-6.12%$2.75
-2.39%$0.205627
-2.81%$82,490.00
-2.04%$4.02
0.03%$0.065102
-5.87%$0.186007
-5.07%$0.492128
-9.23%$0.336543
-2.79%$5.27
-3.12%$11.10
-0.35%$0.481635
-3.30%$82,998.00
-1.34%$0.77467
-7.01%$0.475991
-6.24%$1,912.42
-3.66%$1,836.72
-3.80%$0.44989
-9.22%$1,302.21
-10.34%$1.082
-3.32%$0.068479
-1.43%$131.18
-3.01%$71.01
-0.88%$17.59
-4.58%$0.55635
-4.24%$1.001
0.12%$0.790177
-6.80%$0.629592
-4.07%$0.608234
7.50%$2,080.87
-3.71%$0.997905
0.01%$0.00001146
-6.18%$0.181082
-5.11%$8.80
-3.95%$0.090038
-4.68%$0.840097
-5.01%$1.00
-0.01%$0.01332319
-2.53%$0.999669
0.10%$1.00
0.07%$7.41
-15.08%$82,526.00
-1.30%$0.87892
-7.46%$3,103.98
0.12%$0.999718
-0.05%$1,951.36
-3.49%$608.23
-1.67%$0.01572897
-4.94%$0.660145
-2.64%$2.20
-1.16%$3,121.37
0.86%$83,109.00
-1.41%$0.27395
-2.17%$0.00000068
-1.08%$0.176733
-3.55%$32.24
-2.14%$0.485994
-5.34%$1.00
0.04%$2.03
-4.04%$160.86
-2.64%$0.103509
-2.40%$0.383581
-2.47%$36.67
-0.26%$3.23
3.44%$0.00005829
-6.16%$1,915.51
-3.53%$7.46
-15.02%$0.01111135
-6.90%$0.146511
-3.69%$137.71
-2.84%$15.90
-4.90%$0.999687
-0.06%$0.075796
0.92%$0.415146
-7.76%$1.74
-5.17%$0.648519
-6.32%$0.99773
-0.13%$0.99944
-0.05%$2.94
-5.50%$1.00
0.01%$0.248892
-2.20%$0.00504204
-5.15%$0.427303
-2.15%$79,864.00
-3.26%$27.87
0.71%$0.458106
12.64%$16.23
-4.54%$6.46
-5.05%$1.64
-0.84%$0.715073
-2.82%$1,952.45
-3.36%$0.17125
-4.82%$0.437182
-4.98%$0.424507
-7.72%$0.00000043
-1.33%$83,100.00
-1.38%$1,837.37
-3.68%$6.36
-9.83%$82,823.00
-3.28%$0.150031
-5.05%$2.54
-8.00%$0.438326
-15.05%$1.082
0.06%$0.999672
-0.08%$1,839.76
-3.49%$1.14
-1.90%$0.080052
-6.18%$0.04230694
-2.21%$0.614335
-6.97%$0.00002011
-1.86%$1,836.40
-3.72%$110.49
0.00%$1.096
0.06%$0.00734276
-4.51%$0.476279
-4.76%$0.474429
-6.24%$1,926.62
-3.11%$82,774.00
-1.50%$0.00653138
-6.26%$0.00580998
-8.02%$0.205923
-2.79%$0.873483
-1.64%$0.374116
-5.13%$39.13
-5.08%$0.999453
0.02%$0.999915
-0.02%$1.001
0.41%$0.01018175
3.26%$0.1675
-1.72%$82,578.00
-1.36%$1,838.23
-3.62%$0.0039332
-0.34%$1,824.35
-3.40%$0.00005968
-3.19%$1.003
-0.25%$0.00000158
-5.02%$119.97
-3.97%$0.03120598
0.69%$1.30
-7.67%$0.03075261
-9.01%$0.246862
-4.66%$0.545437
-0.08%$1.22
-4.58%$0.257399
-2.82%$1.42
5.79%$1,823.09
-3.48%$2.63
-6.51%$0.657513
-4.85%$1,836.14
-3.73%$0.00045931
157.94%$2.88
-2.20%$82,885.00
-1.40%$21.80
-4.22%$0.192308
-3.82%$0.779565
-6.69%$81,080.00
-3.63%$16.06
-3.33%$1,941.76
-3.60%$2,009.36
-3.73%$3,083.64
0.00%$0.258262
-3.76%$1.059
-6.30%$3.20
-16.49%$0.03601314
-2.94%$0.084518
-11.38%$0.494394
-0.12%$0.03121326
-3.61%$0.066557
-6.37%$1,998.37
-3.36%$0.999184
-0.05%$0.116981
-0.38%$0.00320727
-4.57%$0.104688
-6.42%$0.518807
-7.25%$0.0026181
9.96%$0.00227222
-6.96%$1,835.89
-3.70%$0.94956
-7.57%$0.03042981
-3.96%$1,669.93
-1.22%$0.00489876
-5.16%$0.01135491
-2.32%$2.24
6.93%$20.13
-0.25%$0.526727
0.07%$0.301032
-3.83%$0.648216
-6.27%$2.18
-0.08%$0.217842
1.08%$0.999706
0.01%Reading
The Electric Coin Company (ECC) announced today in a blog post the launch of the first major upgrade to the Zcash privacy coin network since November 2020, Zcash Network Upgrade 5 (NU5).
Zcash Network Upgrade 5 is live on mainnet. For my perspective on what this is and why it is historically important, see this thread: https://t.co/4wnZR5PXnE pic.twitter.com/5VcrZO2cTh
— zooko❤ⓩ🛡🦓🦓🦓 (@zooko) May 31, 2022
NU5 includes the Orchard shielded payment protocol, which the company says will remove reliance on the complex setup "ceremonies" that Zcash used in the past.
ECC says that using the Halo proving system within the protocol allows Zcash users to make private, trustless digital cash payments on mobile phones. This is made possible through a new address format called unified addresses, which removes the need to juggle multiple address types.
Another feature the company touted as being of interest to privacy-minded crypto enthusiasts is the ability to automatically route any ZEC received at a unified address to the latest shielded pool. This ensures that every Zcash transaction is shielded by default.
Zcash, a fork of the Bitcoin protocol, is known as a privacy coin. Zcash uses zero-knowledge proofs, a form of cryptography that can verify a legitimate transaction without exposing details such as potentially identifying information. Like Bitcoin, the total supply of Zcash is 21 million coins.
Yesterday, Electric Coin Company, the organization behind privacy coin Zcash, outlined its official roadmap for the next three years. Within hours, the price of Zcash rallied from $147 to $189, an increase of 28.6%. The privacy-focused organization said in a blog post that it’ll release an official ECC wallet in 2022, before moving Zcash from a proof-of-work consensus mechanism to the more environmentally friendly proof-of-stake model within the next three years. Electric Coin Company says it w...
When Zcash launched in October 2016, its zero-knowledge proofs required a trusted setup phase that allowed users to construct and verify private transactions.
The original Zcash ceremony included among its participants famed whistleblower Edward Snowden, who went by John Dobbertin at the time.
According to ECC Senior Vice President Josh Swihart, Snowden was not compensated for his involvement, saying, "He did it as a service, as a public good, and believing in privacy."
Edward Snowden speaks with Marta Belcher from the Electronic Frontier Foundation at the 2021 Ethereal Virtual Summit about privacy coins, crypto, NFTs, decentralization, and freedom of the press.
At $1.36 billion, Zcash is currently the 45th largest cryptocurrency by market capitalization and the second-largest privacy coin behind Monero, according to CoinMarketCap.
Why did Joseph Maldonado-Passage, better known as Joe Exotic from the viral Netflix docuseries “Tiger King,” debut a meme coin on Solana from prison earlier this week? “I’m knee-deep in lawyer bills,” he told Decrypt in an interview, claiming the endeavor will also benefit children through donations to a nonprofit called Operation Smile. The 62-year-old, who has lived behind bars for seven years, didn’t launch the meme coin himself. Instead, he said his lawyers helped him get “Official Tiger Kin...
Bitcoin swung up and down—as usual—over the last week, and while things were looking up midweek, familiar inflation fears helped sink the price by the time Friday rolled around. The coin's price was recently at $82,480 per coin, according to CoinGecko, after hitting a nearly three-week high of $88,474 on Monday. As of this writing, Bitcoin is now down by almost 2% on the week. Bitcoin's dip came after the U.S. Commerce Department reported Friday that the core Personal Consumption Expenditures Pr...
A high-ranking official in Brazilian President Luiz Inácio Lula da Silva's administration declared Tuesday that a potential strategic Bitcoin reserve would be "determinant for our prosperity" and "in the (country’s) public interest." Pedro Giocondo Guerra, chief of staff to Vice President Geraldo Alckmin, made the remarks while officially representing the federal government at a congressional ceremony. Debating the establishment of a sovereign bitcoin reserve rigorously is a matter of public int...