Zcash (ZEC) set to appear within the ecosystem of decentralized Ethereum financing


  • The privacy-based token, Zcash is being worked to appear on the Ethereum blockchain, within a special form.
  • ECC Vice President of marketing and business developement said that the goal now is to turn Zcash into a platform on which development can be conducted “for all DeFi applications”.
     

Vice President of marketing and business development Josh Swihart, at Electric Coin Company (ECC), recently noted that over the next six months, the Zcash community will develop a special version of ZEC in the form of a token that can be used in the Ethereum blockchain.

It is suggested that a confidential cryptocurrency may one day become a kind of conduit for automated loans and financial products. 

According to DeFi Pulse, a cryptocurrency that is worth more than $553 million, at present i blocked in Decentralized Ethereum Financing Industry (DeFi) applications.

Furthermore, to increase the use of Zcash, ECC will need to find other popular uses for the coin besides speculative trading and simple hidden transactions. Josh Swithart said that the goal now is to turn Zcash into a platform on which development can be conducted “for all DeFi

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin resumes the decline after a consolidation period

Bitcoin crashed below $8,700 and tested $8,550 during early Asian hours on Thursday. The coin moved outside the recent range and extended the downside into the end of the week. BTC/USD has lost 2% since the beginning of the day and 1% in recent 24 hours. 

More Bitcoin News

Altcoin segment: bullish war drums

Sunny King, the creator of the consensus protocol Proof of Stake (PoS), has stated in a recent interview that Bitcoin has a vital role as a reference value in the crypto-verse, but that the highest growth potential is in the Altcoin segment.

More Cryptocurrencies News

ETH/USD hovers around $185.00, vulnerable to further losses

ETH/USD is trading at $185.27 at the time of writing, having recovered from the intraday low of $184.11. The second-largest digital asset with the current market value of $18.8 billion has lost 1.34% of its value since the beginning of Thursday and stayed mostly unchanged on a day-to-day basis. 

More Ethereum News

Ripple price prediction: XRP/USD smashes below critical support of $0.2700 – Confluence Detector

Ripple’s XRP extended thee sell-off to $0.2633 on Thursday. The coin is moving in sync with the market, controlled by bearish sentiments. A sustainable move below $0.2700 support bodes ill for XRP's short-term forecast, making it vulnerable to further losses.

More Ripple News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Bulls wasted their chance

Bitcoin has been oscillating in a depressingly tight range since the beginning of November. Vanishing volatility makes it harder to engineer a decisive breakthrough from the range. 

Read the weekly forecast

BTC

ETH

XRP