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The price of zcash virtual currency

Publish: 2021-05-07 14:21:03
1. The value of virtual currency is reflected in "more people recognize it". At the beginning of any instry, there will be savage growth. Take bitcoin as an example, the peak price of bitcoin is close to $2W, and the current price is only about $6500
in the current situation, blockchain is not a mature technology. What the market values is the so-called prospect, and it will take time to improve and excavate it slowly. However, the collapse of virtual currency is just a return to its own value
in short, I think bitcoin will continue to grow slowly after falling below a certain price. The current slump is just that the funds attracted by the previous heat have discovered the characteristics of virtual currency (hacker attack, dealer trading, these two situations will probably only appear in the newly issued currency, which is determined by the characteristics of blockchain, in other words, Hackers may also attack bitcoin in the early stage, but the more people and nodes bitcoin enters, the lower the probability of this situation, and the more difficult it is to generate)
in addition, I think that a large number of people in China even don't know what bitcoin is, so they are ready to make a fortune with money.
2. Zcash is a typical representative of anonymous currency assets, and it is also the highest anonymous digital asset at present. How can it achieve anonymity
zcash, full name zero cash, short for Zec, Chinese name big zero coin, developed by zooko Wilcox, was born on November 9, 2011
using zero knowledge proof mechanism to provide complete payment confidentiality is the most anonymous digital asset at present. At present, the time cycle of zcash anonymous transfer is relatively long, which takes about 20 minutes. The network can choose ordinary transfer or anonymous transfer, which has an impact on the level of privacy protection
most of the codes of zcash are very similar to bitcoin. For example, it is halved every four years, with a total of 21 million. Zcash has further improved the anonymity function of bitcoin. When it was released, it caused a sensation in the field of cryptography and blockchain. As a result, its price soared to more than seven times of bitcoin when it was first born. Zcash adopts POW consensus mechanism, block time is 2.5 minutes, block reward is 12.5 zecs, 20% of mining income in the first four years is automatically allocated to zcash team and investors.
3. Theoretically, the price of virtual currency is determined by the market. When people have a better psychological expectation of a virtual currency, the supply will increase and the price of the currency will rise; When people do not hope for a virtual currency, the demand for the currency will decrease, and the price will also fall
however, in China, the price of virtual currency is also affected by policies to a certain extent. Recently, the central bank has tightened its attitude towards digital currency, and the price of bitcoin and other digital currencies has fallen sharply. The digital currency of PBoC is less affected, probably because PBoC has the support of real assets.
4.

The latest virtual currency / digital currency market in China should only exist in the UK

seeing the answers from other friends, most of them are foreign websites, or the market is incomplete

the website of Yingwei Caiqing can view up to 2500 + digital currencies

at the same time, the app of Yingwei Caiqing can also be downloaded from major mobile app stores

5. Policy has a great influence on the price of virtual currency

They can cause short-term price fluctuations

  • leeks, there are thousands of leeks on the "currency exchange"< br />

  • 6. Zcash is the first blockchain system to use zero knowledge proof mechanism. Like bitcoin, the total amount of zcash token (Zec) is 21 million. The difference is that zcash transaction automatically hides the sender, receiver and amount of all transactions on the blockchain
    7. Motnghindong is Dong, 3300 Dong is equivalent to 1 yuan
    8. The essence of currency is the consensus of different blockchain nodes (all of us) on the value of the same thing. If consensus exists, then value exists. Value exists only among people who have reached a "consensus".
    9. Domestic zcash currency trading platforms include lianxing.com, yuanbao.com and yuncoin.com.
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