ZCash Transactions Now Getting More Shielded for Better Privacy

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
  • ZCash transaction shielding recorded 13.2% last month, which is continue to rise as reflected in the chart shared by Spencer Noon of DTC Capital.
  • The count of the Fully shielded transaction for last month was 1.4%, mentioned by another twitter user on the thread.

Spencer Noon of DTC Capital shared a statistical chart of ZCash shielding on his twitter handle. The chart showed shielding activity from previous one month enclosed in a total of 13.2% of transactions and mentioned that the number is still on the rise.

However, further reports from the comment section told that only 1.4% of the actual numbers were shielded.

ZCash is a crypto coin launched in 2016 working on the model Zerocoin protocol, and ZCash is a privacy centred decentralized open-source cryptocurrency. This Crypto is stable and shows higher security compared to other crypto coins.

The option of shielding the transaction on the Blockchain in was introduced during its launch in 2016 itself; users can enable this option on the Blockchain platform.

Spencer Noon is a New York-based investor who has founded the DTC Capital Investment Company in 2018 focused on Crypto-related funds. The main headquarters situated in Flo Rida, USA.

Zcash Price Overview

ZCash is a well-renowned cryptocurrency with a market ranking of #25. It is climbing with an average bull of 2.44% and with a market value of $67.60; it has gained about 1.86% in terms of Bitcoins with 0.00718000 BTC against it. However, the return on investment (ROI) of ZCash is running on negative numbers of -98.43%. ZEC has a market capitalization of $593,685,872 USD with a 24 hour volume of $478,362,799 USD. It has a circulating supply of 8,781,894 ZEC out of the Maximum supply of 21,000,000 ZEC.

It had reached its all-time high in its launch year of 2016 reaching the $5,941.80 and its all-time low in the year 2019 reaching $25.45. From yesterday’s trade ZCash has lost itself around $0.37226 (-0.56%) with yesterday’s trading volume of $511,822,741

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