Privacy token ZCash overtook Dogecoin for the 20th spot after Zcash rose more than 7.5% in less than 24 hours. The upcoming ZCash Sapling network upgrade could be one of the possible reason for a rise in the price of ZCash. Sapling network upgrade is set to take place on 29th October.
Sapling is a network upgrade that introduces significant efficiency improvements for shielded transactions that will pave the way for broad mobile, exchange and vendor adoption of Zcash shielded addresses. The major reason for Sapling upgrade is to speed up Shielded transactions. Some claim that with Sapling, transactions can be shielded in less than 1 second. Other notable features include,
The first block is set to be mined on 29th October 2018 at 6:09 UTC.
ZCash took the 20th spot after the price of ZCash increased by 7%. Current market capitalization of Zcash is $607 million and is showing strong bullish trends due to the Sapling upgrade. While on the other hand, Dogecoin saw a 3.63% decline in its price and has a current market capitalization of $515 million.
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
Circle of Games (COG)—Web3's multi-gaming platform has raised a $1mn round from Nazara, with participation…
Unconference Bali 2024, Asia’s premier Web3 event, is poised to take center stage against the…
Tradeleaf, a leading FinTech company empowering global trade through digital solutions, recently celebrated a significant…
Foundership Global Accelerator, a prominent force in the Web3 & Emerging-Tech Community boasting over 10,000…
April 16, 2024 - Condo, the world's first real-world asset (RWA) meme token, was recently…
The Partisia Blockchain Foundation, at the forefront of crafting privacy-enhancing and interoperable blockchain platforms, today…