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   501

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

Zcash Privacy to Have Vulnerability, Researchers Say

Four researchers from University College London have identified patterns in certain kinds of Zcash transactions that weaken their anonymity
10 May 2018   836

George Kappos, Haaroon Yousaf, Mary Maller and Sarah Meiklejohn found that when coins move from "unshielded" to "shielded" and back to "unshielded" addresses, they lose much of the anonymity that zcash users expect. The team noted that "relatively simple heuristics ... reduce the size of the overall anonymity set by 69.1 percent." This is reported by Coindesk.

Note that ZCash, positioned as one of the most promising and respected confidential crypto currency, offers two types of addresses: "T-addresses" are transparent and unprotected, transactions and balances are publicly available. In turn, "Z-addresses" are protected and invisible to the general public.

Thus, transfers from one unprotected address to another are completely public, whereas transactions between protected addresses are almost anonymous (only time marks and commissions related to mining are displayed).

At the same time, researchers found that transactions involving different types of addresses are much less confidential. So, if you want, you can get information even about Z-addresses, the report says. 

Our heuristics would have been significantly less effective if the founders interacting with the pool behaved in a less regular fashion. In particular, by always withdrawing the same amount in the same time intervals, it became possible to distinguish founders withdrawing funds from other users.
 

The University College London Research Team

These transactions (as well as similar ones carried out by the miners) are caused by the necessity of holding ZCash coins through secure Z-address pools before they can be used for other operations.

Researchers also noted that they told the founders about the problems found before the publication of the report, which has already led to a change of patterns. In turn, the founder of ZCash Zooko Wilcox and marketing director Josh Swihart in the reciprocal message congratulated the university team.

It is valuable to understand how much privacy is lost when using shielded addresses as a pass-through mechanism, but using it in that way is not recommended. Instead, store your Zcash in a shielded address.
 

Zooko Wilcox and Josh Swihart

Zcash

Wilcox and Swihart said that planned upgrades to the zcash protocol would lessen the risks to anonymity identified in the reasearch.