An update of the protocol, Zcash Blossom announced for the next year. The list of Coinbase would be the "price flower" for ZEC in this year


In a world where online privacy is increasingly becoming a problem with each passing day, the coins that aim to provide it are becoming increasingly popular. Zcash is one of these so-called "privacy" coins as it represents an open and unencrypted cryptocurrency that can completely protect the privacy of transactions using zero knowledge encryption.

2017 has been an excellent year for Zcash as the protocol has developed, matured and the ecosystem has expanded. The market cap has exceeded $ 1 billion and is now well supported in various exchanges.

After successfully implementing Sapling on the network, which allows for transfers of less than 100 dimensions and at the same time six times faster, the Zcash team continues to go strong with the development announcing the next protocol update called Zcash Blossom.

As the CTO of Zcash states, this update is scheduled to be released exactly one year after Sapling, October 2019.

The list of goals that this update has set out to achieve is broad and includes

  • changes to the data mining algorithm
  • dividing the prizes of the founder
  • improvement of the usability and security of tariffs and confirmations
  • alter the basic consent protocol to strengthen light client support
  • basic support for the second level BOLT protocol
  • disables all support for sprout addresses and funds stored in those addresses except the ability to transfer funds out of these addresses
  • add protections against rollbacks larger than a predetermined length.
  • guardian reinforcement – this includes a variety of potential features that can potentially protect typical end users as well as specialized custodians. This may include verification of the recipient address, "vault functionality", "I Got Burgled" button, transaction cancellation or transfer rate limitation functionality.

ZEC is still in loop for the listing of Coinbase

We have already covered this topic on several occasions, the possibilities of ZEC to be the next coin on Coinbase are quite healthy although XLM is a favorite based on most of the market. However, ZEC certainly has its aces up its sleeve, some of which are counted below:

Adding ADA or XLM would simply add another platform to it, adding ZEC it would be a first currency for privacy on Coinbase.

🏆If you are interested in private currencies, Monero Moneta (XMR) together with DASH (DASH currency) is better known. Immediately behind them, ZEC (Zcash's cryptocurrency) and many forks are fighting for their spot in the spotlight.

Note that Coinbase will add support for transparent addresses only if they list ZECs in the future, since they are a very "book-like" company.

Another argument for Zcash is that it has a companies with a constant budget (the founders reward) behind it. This means that there will always be sufficient funds to help move things forward with development and education. In addition, serious cryptographic funds and high profile individuals from cryptocurrencies (such as Digital Currency Group, Pantera Capital, Barry Silbert, Fred Ehrsam, Winklevoss, Fenbushi Capital, etc.) have continued to invest heavily in Zcash with things like seed rounds and the confidence in Zcash investments. The people who drive these funds are also well connected with Coinbase's decision makers and regulatory bodies, which is another advantage for the ZEC application.

It's a great combination of Technology, team, community and connections this is pushing and will continue to push Zcash forward.

Zcash continues to work hard to become the dominant privacy currency; with a myriad of competitors going against it, it should be interesting to see if they have what it takes to become the main solution of this fascinating market.

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