Huobi Pro launches Zcash

Huobi Pro, one of the leading global digital asset exchanges, announced adding support for Zcash
06 December

On December 6, Huobi Pro, a digital asset exchange for cryptocurrency traders and investors made an announcement that it is going to list Zcash (ZEC), a permissionless cryptocurrency which aims at full-protection of the privacy of transactions using zero-knowledge cryptography.

Huobi pro announcement towards listing zcashHuobi Pro announcement towards listing Zcash

As it was stated in the announcement, the deposits and withdrawals would be available from 14:00, December 6, 2017, whether ZEC/BTC and ZEC/USDT trading will be available from 14:00, December 7, 2017.

At the moment of press, Zcash is being actively traded at such exchanges as:

  • Bithumb
  • HitBTC
  • Bitfinex
  • Bittrex
  • Poloniex
  • Binance

Zcash exchanges and markets December 2017Zcash Exchanges list

The news about Huobi Pro launching Zcash were followed by a price rise of a coin, which rose almost 8% within past 24 hours from the price of $321 on December 5 to $372 on December 6. Moreover, on December 6 at 6:34 UTC the market capitalisation of the Zcash exceeded $1 billion for the first time.

Zcash charts december 2017Zcash Charts

At the moment of press, these are main market parameters of Zcash:

  • Average price: $344.72
  • Marketcap: $956 657 413
  • 24h volume: $195 029 000

Previously, we reported that Huobi pro launched Ethereum Classic, Bitcoin Cash, OmiseGo and Monaco tokens, and also that Zcash was listed on Binance and Bithumb.

Zcash Roadmap 2018 unveiled

Learn about what Zcash team is going to do in 2018
11 December

Zcash team has published a roadmap for upgrades, which is planned to be implemented in 2018. In particular, the approximate release date of the Sapling protocol is indicated, which will draw a line under the current implementation of the Sprout protocol, after which the project will move to a new stage of development.

In addition, the developers reported on another, previously unannounced update called Overwinter - its release is scheduled for June 2018. The main task of Overwinter will make further updates more secure for users, even if the network is in conflict with the management system.

Additional details will be provided in the nearest future.

As for the key update of the Sapling network, it is scheduled for September next year.

Sapling will activate the Sapling protocol update, bringing orders of magnitude improvements in both time and memory to shielded transactions, making mobile wallet support feasible. Additionally, Sapling will rely on the Powers of Tau open-participation parameter setup, largely mitigating concerns about the parameter setup risks for zkSNARK applications (including other applications outside of Zcash).

Zooko Wilcox and Nathan Wilcox

Zcash Team 

Sapling will support the configuration of the Powers of Tau parameters, which should significantly reduce the likelihood of problems and risks when installing applications using zkSNARK technology.

One of the main tasks of zk-SNARK is to provide complete encryption of transactions in the block system and protect related metadata. In other words, zk-SNARK can also be called a kind of mechanism by which you can prove the possession of information without disclosing the fact itself and without any interaction between the parties. Earlier it was reported that the developers also plan to use the technology Ethereum.

Also it is said that in the near future in the network of Zcash can be implemented and other updates, including the finalization of the system of smart contracts and consensus mechanisms.

An open community of scientists and engineers world-wide is already at work exploring what other improvements are technologically possible for Zcash and other such open cryptocurrencies. Possibilities include scalability improvements to allow practically unlimited numbers of transactions, novel consensus algorithms such as Proof-of-Stake, and private and scalable smart contracts. 

Zooko Wilcox and Nathan Wilcox

Zcash Team 

It is also worth noting that Zcash network was launched on 28th of October, 2017.