Downloading...
Download

Privacy

Zcash vs Bitcoin has Death Cross Impending or Mega RallyFoundational upgrade delivered without causing a network or market crisis. This is now a potential green-light for Zcash to continue to outperform against Bitcoin If the local levels are rejected during rally attempts (003500 and 004000 namely) then this will move much lower toward 002000 electriccoin.co Zcash Network Upgrade 5 (NU5) activated on mainnet today, May 31. It is the most important milestone for Zcash since the cryptocurrency launched in 2016 — and as our Electric Coin Co. (ECC) CEO Zooko Wilcox put it, “an historic step forward for human society.” NU5, the first major upgrade since November 2020, includes the launch of the Orchard shielded payment protocol, utilizing the Halo proving system to remove reliance on complex setup ceremonies. The efficiencies built into this upgrade make possible — for the first time ever — private, trustless digital cash payments on mobile phones. Halo also paves the way for increased interoperability by providing a system that could unlock private cross-chain proofs at scale.
Long
by noam_chom
Zcash ZEC Crisis Continues. Liquidity x Price StalledHalo is coming soon, but nobody cares, nobody knows, nobody has money to invest for Zcash Among the features included in the next Zcash network upgrade is Unified Addresses. The unified address (UA) is a future-proof Zcash address format that improves usability, increases the ease of interoperability, and supports shielding Zcash by default. In this post, we will explain the benefits of unified addresses, how they work and how they fit within the broader Zcash ecosystem. Background Zcash is always improving — implementing cutting-edge cryptography with secure, professional-grade code. As Zcash evolves, new value pools are introduced that offer better features and benefits. This was the case when Zcash upgraded from Sprout to Sapling, and it will be the case when Zcash upgrades from Sapling to Orchard. Multiple address types can negatively impact the user experience. They are not unique to Zcash; in fact, many protocols face this challenge, including Bitcoin. This is because certain protocol improvements (such as SegWit in Bitcoin) require a new address format. UAs make Zcash easier to use by removing the complexity of multiple address types. This simplifies the user experience — no more juggling addresses — and increases interoperability between shielded-only applications and transparent-only applications. If a wallet supports auto-shielding (a new feature included in Halo Arc), their users can be confident that their funds will be shielded by default and stored in the latest shielded pool. UAs will also make network upgrades easier because Zcash can iterate quickly without introducing new address types — solving a huge problem faced by many protocols today. The single-address standard will also advance use cases related to Layer 2, DeFi and interoperability, because it will be easier to build applications and tools for Zcash. What are UAs? Unified addresses are generated from a set of multiple Zcash address types (i.e., transparent, Sapling and Orchard). Think of unified addresses like a universal travel adapter that lets you plug into different sockets. They make it easy for wallets to migrate funds to the latest shielded pool while gradually deprecating older technology. With unified addresses, wallets will default to moving coins to the latest shielded pool supported by the wallet. These features, auto-migration and auto-shielding, are part of ECC’s Halo Arc product suite. With the upcoming Orchard upgrade, there will not be a stand-alone Orchard address. Instead, users will access the Orchard shielded pool through a unified address.
GEMINI:ZECUSD
by noam_chom
10
XMR/BTC - Previous Resistance Acting as SupportQuick Idea. "Monerun", or coordinated mass withdrawals, clearly hit exchanges where it hurt. Monero quickly began to outperform the market during the week of the event. A retrace is expected, although many thought we would surpass $300 before seeing it, hindsight is 20/20 and it's clear this IS the retrace. This could prove to be a great place to buy in if this previous resistance holds as support. Otherwise, I'd expect a move down to 0.0048. Considering we were < 0.004 at the beginning of the year, I think this all still within healthy bullish macro behavior and monero will end the year strongly.
Long
by chickenboye
XST STEALTH USD : 230x POTENTIAL SETUP, BULL FLAG! $2.80XST STEALTH looks really good in my opinion. This project hasn't not had much attention in the past couple of years but thats what usually happens, then they explode out of no where. XST still has a hard working team and has been active and busy even through the years where XST had little to no interest from the crypto community. They still are pushing on, upgrading, improving, and just working hard on a project they believe in. This one could be a hidden gem. Yes risk is high but reward is much higher in my opinion. Sometimes these project when they run up so fast like Stealth did in 2017, where it went from $.002 (1/5 of a penny) to $1.90 thats a rise of almost 1000x that is 100,000% rise in ONE YEAR! When this happens then a long drawn out correction is necessary and we are nearing the end of this correction in my opinion. What caused XST to climb 100,000% in one year? Obviously there was a reason and some serious interest in it to have that happen. The fundamentals are still there and they are still working, thats all I need to know that this project could absolutely take off again in the future. I'm loading up now cause I think the bottom is in. This is not financial advice this is just my opinion. I am also doing many more little hidden gems I have found that are nearing the end of their corrections, if you are interested follow me and check out the rest of them, and leave me a like and comment if you appreciate this content.. Thank you
XLong
by Bitgolder
Red-Line Zcash Pump June 1st or permanent Rekt Asset What are the economics of Zcash? Zcash's monetary base is the same as Bitcoin's — a fixed supply of 21 million Zcash currency units (ZEC). Every 75 seconds, a new block is mined to the Zcash blockchain and a block reward of 3.125 ZEC comes into circulation. The amount of the block reward cuts in half about every four years until all 21 million ZEC are in circulation. Zcash inflation almost precisely mimics that of Bitcoin. It’s important to note that as new coins are created inflation goes down, and at each halvening the rate drops significantly. As of the Canopy activation, 20% of the Zcash block reward is distributed to a Community Development Fund. For more information about distribution, see the Funding, Incentives, and Governance blog post. How can we determine the amount of ZEC in circulation within transparent and shielded pools? How does Zcash prevent counterfeiting? Zcash miners validate every on-chain transaction. Transactions that involve a shielded address (either sending or receiving) come with a zero-knowledge proof. The zero-knowledge proof ensures that the transaction doesn't violate the "conservation-of-money" rule (i.e. a proof that the money coming out of the transaction is less than or equal to the money going into the transaction). ECC uses Turnstiles as a method of auditing the monetary base in Zcash’s shielded pools. Is Zcash protected against quantum computers? Zcash is better-protected against future (hypothetical) quantum computers than almost any alternative, primarily due to the fact that Zcash addresses ("public keys") do not get posted on the blockchain. Scientists at the Electric Coin Co., and in academia, are actively researching postquantum-secure alternatives to any affected cryptographic components. Members of the community plan to monitor developments in postquantum-secure components, and if/when they are mature and practical, update the Zcash protocol to use them. What is a zero-knowledge proof? How does Zcash integrate it? Zero knowledge proofs are a scientific breakthrough in the field of cryptography: they allow you to prove that a statement is true without revealing the statement itself. Think about this example: if you want to prove you are old enough to drink alcohol, you generally have to show your ID card which reveals a lot of information about you beyond just your age. Your ID card can reveal your address, your face, your height - all of that has nothing to do with your age. A zero-knowledge proof could let you prove that you are old enough to enjoy a cold beer and only that. Zcash uses a particular type of zero-knowledge proof called zk-SNARKs (or "zero-knowledge succinct non-interactive arguments of knowledge"). These zk-SNARKs are used in any transactions that involve shielded addresses. Dive deeper into zk-SNARKs and how they work in Zcash on the explainer page. What mining algorithm does Zcash use? Zcash currently uses Equihash as the proof-of-work for block mining in Zcash. Equihash is a proof-of-work algorithm devised by Alex Biryukov and Dmitry Khovratovich. It is based on a computer science and cryptography concept called the Generalized Birthday Problem. As of May 2018, Zcash's Equihash parameters have been implemented in custom hardware ("ASIC") miners. ECC is closely monitoring the effectiveness of alternative consensus algorithms such as PoS and will continue to evaluate as part of our long-term roadmap to increase scalability and sustainability. What are the general characteristics of a Zcash block? Average block time: 1.25 minutes (75 seconds) Maximum block size: 2MB Block Reward: currently 6.25, 3.125 after November 18, 2020 Each 4 year period, the ZEC creation amount will halve (from 12.5 to 6.25 to 3.125 to 1.5625 and so on).
BITFINEX:ZECUSDLong
by noam_chom
17
ETH whales cashing out to XMR? Record XMR/ETH Volume on Binance!Interesting data. This pair has been bleeding for months and suddenly it rebounds with some SERIOUS volume! I haven't seen anything like this. This is a great sign for Monero I think. A lot of people made a LOT of money off of Ethereum the past couple years. Naturally, when you make money your next goal (after the hookers/cocaine honeymoon period wears off) is to ensure wealth preservation and protection. In the cryptospace, there is no other asset focusing on user protection as much as monero. I haven't traded any ETH for XMR (because I have very little ETH and I hold XMR already) but I will come back here to check in on this ratio perhaps.
XLong
by chickenboye
Top pick 2/3 - XMRThe reasons because I took a decent position in Monero are the following: 1 never before in history has privacy been under attack globally 2 people need privacy not only if they are evil (they need it especially if they are good intentioned ;o) 3 monero has some interesting protocol upgrade coming, that will make it more private and more scalable 4 xmr has been in a bear market more than 4 years against bitcoin and it has just broken out against it 5 i am mostly invested in "legally compliant" and transparent projects and consider monero as a hedge against them As I just stated, XMR has recently broken the 4 year descending resistance and is just sitting on it (now support) after having back tested strongly. (since my last post a month ago XMR is already up 50 USD (or 30%). MACD is turning positive on the monthly time frame. Holders sentiment is extreemely depressed and flat, which is what I want. You want to invest before or right at the moment of uptick on the awarness side. MONERO has just undergone a period of 2 years of sideways action, just like between 2014 and 2016 (rectangles defined by yellow horizontal support and resistance). The pattern is very similar... ...and if history rhymes this should meen a 11 x against Bitcoin alone. That is, if Bitcoin does a 5 x from here ... XMR would do a 55 x ... or a price of around 12'000 USD.
Long
by Dangermousebanana
Monero Completing Potential Zigzag Elliott Wave PatternXMR looks like it is completing a potential zigzag where wave-c is only about 62% of wave-a. This implies that the entire zigzag should get retraced and we should see a powerful move to new all time highs. Wave-c is also a potential terminal impulse which means it should be retraced very quickly. To confirm the terminal impulse we must retrace all of wave-c faster than it was formed, and it will likely happen in less than 25% of the time of wave-c. We've already slightly broken the 0-b trendline so if this gets some follow through we could see a fast move up to new all time highs. The timing of all waves is virtually perfect and basically all rules are followed from a price, time and structure perspective. This comes at a time of extremely heightened privacy concerns regarding sanctions targeting Russian crypto addresses and Canadian asset seizures targeting vaccine mandate protestors. Monero is the oldest and most trusted privacy coin, as well as the most liquid and most widely used in dark net commerce so it has several advantages, especially for larger entities like Russian elites who want to avoid sanctions. Based on this I have a feeling XMR could do well at least in the short-term but potentially in the longer-term as well. There's also very large bullish momentum divergences forming that indicate a large move to the upside could be happening soon. Potential targets depend on how quickly wave-c and the entire zigzag are retraced. It's possible that this is a triangle wave-c instead of a terminal, meaning it would be followed by a d-wave, though this seems unlikely. If we a get a wave-d then it won't break all time highs and wave-c likely won't be retraced faster than it was formed. If we get a fast retracement then this should go to around 3k at minimum, but depending on the long-term could even go as high as 20-100k in a few years.
XLong
by Intuit
4
OXEN - the most unique monero fork with a functioning product? Microcap. Development is steady. Launched as PoW in 2018 but has transitioned to PoS. Not wild on that, but might be good to hedge bets. Staking offers an attractive return mostly fueled by being rewarded a chunk of new emission in exchange for locking up supply - fairly standard, right? Here's where it starts to get interesting. Oxen is the token behind two unique, working-today privacy applications: Session and Lokinet. Session is a signal-alternative that is entirely decentralized with messages being processed by the nodes that are staking oxen! It has a desktop app and is on mobile as well. Somewhat buggy on my phone at times, but works today and development is continuously improving. They have voice calls in beta right now almost ready for release, for example. Group chats can be formed. Disappearing messages, media can be sent etc. Lokinet is a VPN-alternative service. I need to look more into it, but it does work. You can pick different "Exit nodes" similar to tor and use it to either browse lokinet, ".loki" sites that are only accessible on Lokinet similar to .onion addresses that are only available on TOR, or you can browse the so-called "Clearnet", or normal internet. Your data and requests are encrypted and hopped between several nodes such that your exit node does not know your origin IP. This is incredibly interesting to me because TOR, while around for a long time and functional, relies on altruism for their node infrastructure (i.e. they rely on people running exit nodes out of the goodness of their own heart at a loss, essentially) - I think it is completely unsurprising then that TOR has historically and continuously suffered from malicious-exit-node-related attacks. With Lokinet, but financially incentivizing good behavior and potentially punishing bad, it will hopefully lead to less attacks along this vector. Currently, starting a node requires staking 15,000 oxen, or $9000 at current writing. However, you can use rented hardware for $10-15/month and this is suitable specifications for the node, and it will generate ~200 oxen/month - meaning the return far outweighs the operations cost. Yes, $9000 is high but this is only for FULL node operators. Users may group up with up to 3 others including the operator and split up their contributions to the 15,000 reward. The node operator who maintains (or pays for) the hardware usually takes a 5-15% premium on the rewards to pay for the operations cost. This premium is subject to market demands and fluctuates as it is set by the operator upon node creation. But someone with only $900 for example could still find a node to contribute to and instead make ~20 oxen/month so node participation does not price many people out unlike many other projects. The development team has adjusted this 15,000 oxen amount in the past and, I assume, if Oxen were to go to new highs they would lower the contribution amount. This is interesting because it means someone with 1 node now could end up in a future where they have enough oxen to run 2 nodes. This can occur over time naturally even without node staking requirement changes, i.e. 15,000 oxen will be accrued via rewards over a ~6.2 year period anyways. With all variables frozen, a $9000 node (15k oxen) run solo would cost you around $120-180 per year (hosted/rented) or potentially less if you maintain your own physical system, but yield ~2400 Oxen for a USD value of $1440. $1440/$9180 = ~15% annual return if you sold all your rewards. "With all variables frozen" is an incredibly important, and unrealistic, expectation for the future as number of stakers and price per coin will undoubtedly fluctuate considerably over the course of a year, but this still provides a basis for which to compare the return compared to other traditional investments. Other hidden fees in this example that aren't included are network fees on the oxen chain (currently so low they are negligible) and exchange trading fees if you are forced to sell through a centralized party (could add up but likely still <$20). Node operators and contributors do have the ability to sell rewards as they get them, which is an important consideration when factoring in future price performance. I have used both Session and Loki personally and I'm impressed. It's astonishing to see dozens if not hundreds of crypto projects with shittier products, or even no functional product, with 10x the market-cap of Oxen. I don't think this can last. My one major complaint: oxen itself needs more utility to attract/maintain value over time. Currently you need it to run a node and the rewards are attractive, far outpacing the server costs necessary even when paying for hosting. However, as a user, Oxen is really only used to either reserve a unique username on Session, or "buy" a ".lokinet" domain from the network by burning a set amount of oxen based on how long you wish for the domain to remain active/in your control. It can also be used to generate a vanity address. The rates are currently quite cheap on the so-called "Oxen Name Service": Session ID: 7 OXEN Wallet Address: 7 OXEN Lokinet Name 1 year: 7 OXEN Lokinet Name 2 years: 14 OXEN Lokinet Name 5 years: 28 OXEN Lokinet Name 10 years: 42 OXEN Considering 42 oxen at current price is $25-26 bucks coming out to ~$2.55 annually at the time of writing, this is all relatively affordable. The interesting part is when you purchase these name services, you don't pay a node operator - the oxen is burnt and removed from the circulating supply. The goal of the project from a macroeconomic standpoint is to have enough users such that the burning from name services can offset or even outpace the emissions produced by the network. I think this goal is ambitious, which is why my "One major complaint" is that oxen needs some more utility. But this project is on the right track IMO, and oxen @ $4.50 would mean a ~250 million mcap which is modest by crypto standards especially considering the inflationary environment the USD is experiencing. It will be interesting to track this one. There isn't many PoS projects that are focused on privacy, and the volume especially looks interesting as it used to be <100k for months and suddenly has gone up to 500k+ since March 23rd. I smell a market-maker. Let me know what you think of oxen in the comments, and I hope you enjoyed this write-up. If you did, please consider giving a follow, thumbs up, or share with someone. It would mean a lot to me :) (Not financial advice and all that.)
OLong
by chickenboye
$XMR/USDT 3h (#BinanceFutures) Falling wedge breakout and retestMonero is pulling back to 200MA support and looks good for a bounce after and resume bullish. Current Price= 243.55 Buy Entry= 244.15 - 238.15 Take Profit= 261.12 | 276.36 | 295.61 Stop Loss= 225.11 Risk/Reward= 1:1.25 | 1:2.2 | 1:3.4 Expected Profit= +24.84% | +43.80% | +67.74% Possible Loss= -19.95% Fib. Retracement= 0.5 | 0.786 | 1.117 Margin Leverage= 3x Estimated Gain-time= 2 weeks Tags: #XMR #XMRUSDT #PoW #Mining #Privacy #Blockchain #Bytecoin #Hardfork Website: getmonero.org Contracts: #Mainnet #Secret secret19ungtd2c7srftqdwgq0dspwvrw63dhu79qxv88
Long
by TradingOn
ZCSH Zcash Grayscale Trust - OTC Market Redemption Arc GBTC ETHE Zcash Idealism: In November of 2016, journalist Morgen Peck showed up at her friend Molly Webster's apartment in Brooklyn, told her to take her battery out of her phone, and began to tell her about The Ceremony, a moment last fall when a group of, well, let's just call them wizards, came together in an undisclosed location to launch a new currency. It's an undertaking that involves some of the most elaborate security and cryptography ever done (so we've been told). And math. Lots of math. It was all going great until, in the middle of it, something started to behave a little...strangely.
OTC:ZCSHLong
by noam_chom
2
Zcash Reversal Rally potential on Low Time FrameA purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.
COINBASE:ZECUSDLong
by noam_chom
1
Zcash vs Bitcoin must avoid the 1D Death Cross!Zcash is an implementation of the Decentralized Anonymous Payment scheme Zerocash, with security xes and improvements to performance and functionality. It bridges the existing transparent payment scheme used by Bitcoin with a shielded payment scheme secured by zero-knowledge succinct non-interactive arguments of knowledge (zk-SNARKs). It attempted to address the problem of mining centralization by use of the Equihash memory-hard proof-of-work algorithm.
Long
by noam_chom