news

bitcoin

1 X bitcoin bitcoin =

Friday

03 July 2020

Zcash's First Halving May Solve Its Inflation Problem - CoinDesk

Zcash's First Halving May Solve Its Inflation Problem - CoinDesk


smart summary beta

Bitcoin, the biggest cryptocurrency by market value, underwent its third halving on May 11, which reduced the reward per block mined to 6.25 bitcoin from 12.5.

Next in line is zcash (ZEC), a privacy-focused cryptocurrency first created in 2016 that uses a proof-of-work (or mining) algorithm and encrypts user information within shielded transactions. Currently, it is the 26th largest cryptocurrency by market value, as per data source CoinMarketCap.

Rewards per block mined on the zcash blockchain – launched and supported by the Electric Coin Company – are scheduled to be cut by 50% from the current 12.5 ZEC to 6.25 ZEC at block 1,046,400 this year.  Zcash’s first ever halving, the block subsidy reduction is expected to happen sometime in November.

5, 2019, doubled in the first quarter of last year despite lackluster price action in bitcoin, the biggest cryptocurrency by market value and price anchor for the broader crypto market.

The belief mainly stems from the bitcoin market, which witnessed stellar bull markets in the months following its first two halvings in November 2012 and July 2016. 

Goto Full Article

bitcoin bitcoin price

$9106.76

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.1)

Image

Litecoin (LTC) Price Analysis: Facing Key Hurdles Near $45
published: 1 month ago
Litecoin price is showing signs of an upside correction against the US Dollar, similar to bitcoin. LTC price must clear the $45.00 hurdle to start a sustained upward move in the near term.

sentiment (-0.3) Negative

Article Metadata

author

site

coindesk.com
Market data feeds provided by cryptocompare.com
bitsmart 2018