Zcash update released

Zcash announced the release of Zcash 1.0.13, introducing new features, memory proving, payment disclosure and experimental features
21 November 2017   320

Zcash team made an announcement on November 20 introducing Zcash 1.0.13 version, which has new features, performance improvements and bug fixes. The new version is stated to have low-memory prover which reduces memory usage by 43% from 3 GB to 1.7 GB when a transaction is generated.

An experimental feature, payment disclosure, is aimed at helping services manage shielded payments better, and also the full support for the z_shieldcoinbase RPC call was announced in order to help miners sweep up and shield coinbase rewards.

The main changes are these:

  • Auto-senescence cycle was reduced from 18 to 16 weeks. 
  • Low-memory prover reduces JoinSplit creation memory usage from 3 GB to 1.7GB. 
  • Payment disclosure was added as an experimental feature with new RPC calls z_getpaymentdisclosure and z_validatepaymentdisclosure. This feature enables a sender to prove that a payment was made to a recipient, which can help services better manage their shielded payments. 
  • z_shieldcoinbase is now a fully supported RPC call 
  • Libsnark was brought into the source repository tree. 
  • Potential shutdown errors were fixed.
  • User interface messages were cleaned up. 
  • The extended QA tests were migrated to Zcash. 
  • A workaround was implemented in the test wallet_protectcoinbase, which was previously failing on some platforms. 
  • Benchmarking was updated with new performance measurements and fixes. 

It is worth mentioning that one week ago Binance, one of the most popular exchanges in the world, announced adding support for Zcash.

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

  • Average price: $295.40
  • Marketcap: $788,190,390
  • 24h volume: $75,716,000

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   235

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