ZenCash team has officially released v1 of the Arizen wallet. This is a light wallet that makes use of the remote node which means you can start using it right away – no need to download entire blockchain. Compatible with Windows, Linux and Mac operating systems, this wallet allows you to create and manage multiple ZEN address. Anything and everything stored by the ZenCash Arizen wallet is encrypted and stored only on your local storage.
This is the best time to invest in ZenCash thanks to folks at Palm Beach Confidential who selected this very coin for their paid readers. A screenshot has been leaked by this reddit post which is suggesting them to hold on their investment in ZenCash. It adds that they were able to spike the price all the way to $28 on the first day itself and also bought the price down to $16 to re-buy it at cheaper price. Palm Beach Confidential assures its readers that ZenCash will be a big winner for them – just like Monero which has grown 4x times already.
Zcash (Zerocoin Electric Coin Company) and JP Morgain announced that they have started the integration of ZSL (zero knowledge security layer) technology on Quorum blockchain which is a JP Morgan’s Enterprise. This latest development will ensure confidentiality while supporting regulatory disclosure that is one of the key requirements in the field of financial industry applications. Earlier this year, JP Morgan and Zcash announced technology partnership to combine talents in developing distributed ledger financial technology. Microsoft is also gave its support to this very effort. All three companies, Zcash, JP Morgan and Microsoft are members of Ethereum Enterprise Alliance.
The new Zcash Sapling update is here and it is being touted as the next major protocol upgrade. It will bring a slew of improvements to the performance, security and usability of Zcash’s shielded transactions. In this update, BLS12-381 curve is being implemented which will be an upgrade to the Zcash’s elliptic curve. This curve targets 128-bit security using more conservative recommendations suggested by several recent papers.
Crypto mining is now no longer profitable. Back when the price of Zcash and Ethereum price increased, a lot of people went on a shopping spree to hoard as many Nvidia and Zcash graphics cards as they could. This all started back in month of June and the demand went through the roof – so much that there was an acute GPU shortage worldwide.
Folks at ZcashCo have finally issued an official statement on the whole Poloniex situation. Poloniex is second largest crypto currency exchange and they had disabled Zcash withdrawals and deposits due to wallet issues. When one opens the page for ZEC / BTC trading, a yellow warning banner with following text is shown.
ZEC is currently under maintenance or experiencing wallet/network issues. Deposits and withdrawals will remain disabled until a solution is found, which may require an update from the ZEC team. Any updates must be tested and audited before enabling.