Keeping up with the tradition, BestRate likes to pick from our long list of supported altcoins and feature one for the week. Sometimes, these are new, innovative projects we like to draw attention to. Other times, we mention veteran cryptos that are looking to change up the game in exciting ways. Today, we’ll focus on the latter with Zcash (ZEC). Since, 2016, this crypto has been a worthy opponent to Bitcoin but they’re not done making headlines just yet. Here’s why.
ALTCOIN OF THE WEEK: ZCASH GETS A MAKEOVER
Here’s the reason why you should pay attention to Zcash once again. In fact, there are a couple of points you should take note of. Three, huge milestones are coming up for ZEC this year. If you thought the “privacy” coin was already good enough, then take a seat. Things are about to get crazy.
The first major upgrade comes in June 2018. This month, ZEC announced they will upgrade their performance, usability, and security by bringing their encrypted crypto technology to mobile phones. Furthermore, this upgrade will create saplings for faster zk-SNARKS. For more information on that, check out this article.
ZCASH ALTCOIN: DELISTING FROM EXCHANGES
Normally, you always hear about an altcoin listing themselves on a new exchange. However, in this case, ZCash is going the opposite direction. ZEC will delist themselves from a Japanese cryptocurrency exchange called “CoinCheck.” The move comes after the Tokyo-based exchange was hacked and lost $530 million in NEM tokens. It’s strategic moves like this that will ZCash skyrocket in 2018 and beyond.
ZCASH ALTCOIN: TO THE MOON IN 2018?
With the unlisting and the new network upgrade, big moves are coming for ZCash. Memory, security and transaction speed will all increase in the coming months making the crypto a more feasible option. BestRate first saw lots of potential in this crypto long ago and now, it looks to be paying off for both the platform and our users.