Satoshi Nakamoto saw the privacy problem in 2008.
In the Bitcoin whitepaper, he acknowledged that blockchain transactions are public and can be linked to a common owner. New keys could be generated, but they could not fully protect identity.
Zcash was built to close that gap. Shielded transactions hide the sender, receiver, and amount completely.
Iโm seeing a lot of $ZEC all time high (ATH) posts, and Iโd like to set the record straight.
In October 2016, a ZEC was traded at $5,941.12 on Genesis futures.
This is the only legitimate ATH: a 7x from here.
The fun starts after we break it.
Weekly reminder: $ZEC currently has 16.9M coins in circulation, trading at $14B.
At the same # of tokens in circulation, Bitcoin was a $110B network (~8X). Today there are many more dollars in crypto, and we've had 8 yrs of inflation.
1 ZEC = 2 thousand US dollars in Q3.
Swapped some $BTC into $ZEC. Better to FOMO in early after seeing btc pair
seeing @JosephA140 (greatest speculator on this app) come out of retirement to bullpost this is all the confirmation I needed
Why $ZEC?
Zcash is the largest public implementation of ZK-proofs globally.
Zero-knowledge technology will become a primitive of software: verifiability without sacrificing data sovereignty or privacy.