Zcash Cryptocurrency: Rate, Mining, Prospects for 2018

zcash cryptocurrency

There are many amazing technologies in the cryptocurrency world that improve operating methods, and one of such phenomenal discoveries is the anonymous cryptocurrency Zcash.

Contents:

  1. History of Creation
  2. Zcash Graph: Today’s Rate
  3. How to Create a Zcash Wallet and How Much It Costs
  4. Forecasts and Expert Opinions
  5. Latest Zcash News
  6. Conclusion

1. History of Creation

Although the main concept of the world’s first fully anonymous cryptocurrency was created in 2014 under the Zerocash protocol, Zcash was launched in the October of 2016 by Zerocoin Electric Coin Company.

2. Zcash Graph: Today’s Rate

The cryptocurrency market has recently been characterized by instability, which affects the price of cryptocurrency. Zcash is no exception, and there have been enough price ups and downs throughout its history. In 2017 the value of one coin was about $50. In December of the same year there was a big boom inside the market, which provoked an increase of the rates. Then the price of one coin increased by more than 1000% and was $637.

The beginning of 2018 pleased the holders of Zcash, since its rate jumped to $876 per coin on the 8th of January. Afterwards, there was a drastic drop of prices, during which the rate of ZCash cryptocurrency decreased by half. The cost of Zcash then varied at about $400. At the time of writing, the 8th of June, 2018, the cryptocurrency was ranked 24th in the CoinMarketCap rating, and the price of one coin was $234.

3. How to Create a Zcash Wallet and How Much It Costs

Zcash has wallets of several types, which differ in the way of storage as well as in advantages and disadvantages of use. The most popular among holders of ZEC use online wallets, namely:

  • Jaxx;
  • Cryptonator;
  • Bitpie;
  • Coinomi;
  • HolyTransaction;
  • FreeWallet.

Creating a wallet is simple enough, however, it requires pre-downloading applications.

You can also store ZEC tokens on hardware wallets that resemble flash drives, as they also connect to a PC via a USB port. Trezor and Ledger are engaged in creating such storage facilities. Hardware wallets are characterized by a high level of reliability and security. However, you will have to pay about 200 for your peace of mind.

4. Forecasts and Expert Opinions

Zcash differs from traditional tokens by the first in the cryptocurrency world zero-knowledge proof protocol, that is a “zero-disclosure proof”, which is why companies will be able to use it for anonymous transactions.

It is assumed that the demand for a unique cryptocurrency will provoke an increase in its value. As a result, according to experts, the cost of Zcash will grow several times by the end of 2018. According to forecasts, one coin will most likely be sold for about $500. This is the minimum perspective predicted by some ZEC analysts. Others argue that the price will jump to $2000 this year.

5. Latest Zcash News

These days there is enough news about the anonymous cryptocurrency Zcash in the media. Daily information covers the preparation of a new hard fork or the addition of ZEC to some cryptocurrency exchanges. Also, various statements of experts regarding confidentiality are discussed in the Internet. In fact, according to the amount of news, Zcash is not inferior to other popular cryptocurrencies.

There recently appeared information that the Chinese giant Innosilicon presented ASIC-Miner A9 ZMaster for the mining of Zcash.

6. Conclusion

If you are interested in the question of whether to have a ZEC on your investment portfolio, the answer from The Coin Shark is – it’s definitely worth it. Arsenal of cryptocurrencies should be unlimited in terms of variety of digital coins, however, Zcash must be in it. Experts also recommend buying a couple of tokens, if you have not already done so.

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