ZCash Overwinter upgrade is released

First network upgrade should not be regarded as a fork
03 March 2018   270

Yesterday, on March 2 developer team of ZCash announced the release of the network first upgrade - they called it ZCash Overwinter. Starting from version 1.1.0 of zcashd, it will feature the update with the version release expected April 2018. As for the upgraded the main chain, its launch is scheduled for a fixed date of June 25, 2018, according to the roadmap of the platform.

The update will introduce transaction expiry, version control, replay transaction protection for network upgrades and, in a broader scale - improvements on transaction transparency. As for the regular users of ZCash, all they need to do for the time being is to keep the client updated.

There is no need to do anything else besides keep your Zcash software up to date. This network update is not expected to result in a fork of the blockchain or the creation of a new currency.


Excerpt from the ZCash Overwinter blog post

The overall idea of the update is to be able to execute the first upgrade of the core protocol of ZCash - Sapling.

The purpose of Overwinter is to strengthen the protocol for future network upgrades, paving the way for the Zcash Sapling network upgrade later this year.


Excerpt from the ZCash Overwinter blog post

ZCash is significant for its bleeding-edge cryptographic algorithm zk-SNARKs, and according to CoinMarketCap the platform is 24th among the top 100 cryptocurrencies.

ZEC Can Hit $60k in 2025, Grayscale Investments Says

In order for this prediction to come true, 10% of world offshores should "enter" in Zcash
01 February 2018   326

The rate of anonymous crypto currency can rise to $ 60,000 by 2025. Financial model, developed by the researcher of Grayscale Matthew Beck says about it. At the time of publication, 1 ZEC costs about $ 400, which means that it needs to grow 150 times to make this prediction come true. This is reported by Fortune.

However, in the financial model, there is one assumption: Zcash could reach such heights, by 2025 it should be 10% of all offshore assets. Although this statement may seem absurd given the current alignment of forces in the market, Beck argues that the potential of Zcash is extremely underrated.

We think of ZEC as the first globally accessible ‘offshore’ investment opportunity, or a Swiss bank account in your pocket, so to speak. There is no single point of failure. Investors are not bound to the success or failure of a single entity, political regime, or economy.

Mattew Beck

Grayscale Investment

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

  • Average Price: $393.87
  • Market Cap: $1 253 426 55
  • 24h Volume: $74 727 600