ZCash (ZEC) Community Looks to Reduce Daily Inflation via ‘Harmony Mining’

2019-1-5 21:14

Cryptocurrencies expanded in the market with the promise to hold its value in the future. Most of the digital assets have a limited supply trying to safeguard investors from monetary policies taken by central banks and politicians. Bitcoin (BTC) is the most popular digital asset in the market, although its supply continues to grow there will never be more than 21 million BTC.

Other fiat currencies in countries such as Venezuela or Zimbabwe are worth nothing and continue to lose their value against the US dollar. Individuals in these countries tend to rely on foreign fiat currencies such as the Euro or US dollar, but there has been an increase in the use of digital assets as well.

However, there are some virtual currencies that have their own inflationary problems. This is the case of ZCash (ZEC), one of the most popular digital assets in the space. The CEO of the ZCash Company, Zooko Wilcox, wrote on Twitter that there has been a larger amount of ZEC coins issued every day.

As expected, the github thread about radically revamping Zcash mining is heating up. https://t.co/vUoILxwQX0 It's important, because at today's prices there is more than $400K/day of new Zcash issuance: https://t.co/D7imLPsfse pic.twitter.com/tThFy53LRF

— zooko (@zooko) January 2, 2019

According to data provided by messari.io, there is an inflation of over 0.11% a day at current prices. Each day, more than $400,000 of ZEC coins are issued. Bitcoin, for example, has an inflation rate of around 0.01% per day. Ethereum has an inflation rate that doubles this of Bitcoin.

Zooko mentions that there is a proposal known as Harmony Mining that would be implemented in the next network upgrade called ZCash’s Blossom. With this harmony mining, it will be possible to have a consensus algorithm that would allow both ASIC and GPU miners to be compatible with ZCash mining. This would also create a less inflationary network.

The new Blossom update is going to be activated at the end of October 2019, a year after the Sapling upgrade on ZCash.

Bitcoin and Ethereum have already planned how they will be reducing the supply in their networks. Bitcoin will be experiencing a new halving as soon as 2020, almost a year from now. Ethereum is going to upgrade its network with a hard fork called Constantinople. This hard fork will be reducing Ethereum’s rewards to miners from 3 ETH down to 2 ETH. Constantinople is scheduled for January 16.

In the future, Ethereum will be reducing the ETH given to miners even further, almost down to zero.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Digital Rupees (DRS) на Currencies.ru

$ 6.38E-5 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $6.38E-5 - H: $6.38E-5
Капитализация $32.611k Rank 99999
Доступно / Всего 510.803m DRS

digital most market supply central policies investors

Источник: bitcoinexchangeguide.com

digital most → Результатов: 126


Фото:

Bitcoin Price Analysis: Range-Bound Market Coiled for Next Move

For the better part of a month and a half, bitcoin has been fairly range-bound and unable to establish new lows or new highs. There are some bullish and bearish setups on the horizon for bitcoin, so let’s check out both sides of the argument because currently the market is sitting in the middle of Indecisionville — the most immediate sign of which is this glaringly obvious head-and-shoulders bottom reversal pattern:Figure 1: BTC-USD, Daily Candles, Head-and-Shoulders BottomThis current pattern is nothing more than a setup at the moment, but it represents one potential outcome of this sustained consolidation.

2019-1-4 02:22


Фото:

Rootstock Celebrates A Year Of Milestones

January 3rd marks the birthday of a young digital currency. No, not that one. While most eyes are on the Bitcoin decennial, another cryptocurrency is also blowing out a candle. Rootstock, a smart contract side chain to the Bitcoin blockchain, celebrates its first anniversary today, marking one full year in the project to integrate Ethereum-like […] The post Rootstock Celebrates A Year Of Milestones appeared first on Crypto Briefing.

2019-1-4 21:39


CyberDice: OneHash’s Safe Bitcoin Dice Gambling Game?

Discover Cyberdice, a digital cryptocurrency dice game that was developed by the same, experienced team that runs OneHash, which is the world’s leading mutual Bitcoin betting platform. Cyberdice embraces unique design and active community as its top-tier features that make it one of the most outstanding gaming experiences on the internet. How to play To […]

2019-1-3 05:14


Pompliano: Bitcoin Could Fall Under $3,000, But It Remains Non-Correlated

As traditional equities have plummeted in value, especially Nasdaq-based technology stocks, interestingly, so has the Bitcoin (BTC) market. This seeming correlation was most recently exemplified by crypto’s tumble on Christmas Eve, as BTC fell from $4,200 to $3,800 as industry commentators were claiming that a “Santa Claus rally” was nigh.

2018-12-27 18:29


Фото:

Markets Update: Bitcoin Cash Gains More Than 140% This Week

Cryptocurrency markets have been bullish lately as most of the top digital asset prices have seen decent gains over the last week. The overall market capitalization of all the coins in existence is roughly $132 billion this Sunday and global trade volume has increased significantly considering it’s the weekend before the holidays with $20 billion […] The post Markets Update: Bitcoin Cash Gains More Than 140% This Week appeared first on Bitcoin News.

2018-12-24 22:25


Japan’s SBI Virtual Currencies Allows BTC, ETH and XRP Inter Crypto Exchange Transfers

This outlet had recently published the subtle shift of crypto focus from the Western to the Eastern economies. This is primarily due to the lethargy of most western nations towards implementing regulations and the prompt action taken by eastern countries in adopting and ensuring a favorable working clime for the digital assets. In a step […]

2018-12-22 11:06


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum clears THIS key hurdle: What’s next for ETH’s price?

Ethereum’s price only moved marginally in the last 24 hours.  Market indicators hinted that Ethereum’s bull rally might resume soon. Ethereum [ETH] successfully broke above a bullish faThe post Ethereum clears THIS key hurdle: What’s next for ETH’s price? appeared first on AMBCrypto.

Ethereum whale accumulates 15K ETH: Will this finally help prices?

Ethereum whales increase holdings, but network growth slows. ETH gains slightly, but investors hold out for a $4k milestone. Ethereum[ETH] witnessed a significant uptick over the last few daThe post Ethereum whale accumulates 15K ETH: Will this finally help prices? appeared first on AMBCrypto.

XRP holders dump tokens: Will price drop below $0.50 now?

The price of XRP could drop to $0.48 after a ton of holders sold the token. Volatility spiked, network activity slumped, indicating that recovery Addresses with 100,000 to 1 million XRP haveThe post XRP holders dump tokens: Will price drop below $0.50 now? appeared first on AMBCrypto.

Ripple records a strong Q1: What does the future hold for XRP?

Ripple made massive progress in Q1 in many areas. Development activity on the network fell. Ripple [XRP] saw massive fluctuations in terms of price over the last week. However, the progress The post Ripple records a strong Q1: What does the future hold for XRP? appeared first on AMBCrypto.