- ZCash a cryptocurrency decentralized blockchain that provides privacy and transparency for its users, along with their transactions.
- ZEC Q1 2020 report released with the plan of deploying the review of contacts without any observation and always conserving the user’s data.
ZCash is a cryptocurrency decentralized blockchain that provides privacy and transparency for its users, along with their transactions.
The first-quarter Report Released
Recently, ZCash released a report for the first quarter of 2020. The document highlighted the current development going on by the foundation.
The document further states that the COVID-19 pandemic has affected the digital currency ecosystem. Though, its impact was less on their project as they continued to work remotely.
Thus, ZCash emphasizes global scenario to develop an application that can track the people infected by the coronavirus.
It will also secure personal information at the same time. In the document “Report Q1 2020 Foundation,” underlined that it has developed an open-source application that is ready for its implementation.
However, as a part of the TCN group, the ZCash has been working on this venture that consists of collaboration across the globe with the idea of implementing, designing.
Also, with the plan of deploying the review of contacts without any observation and always conserving the user’s data.
ZEC major update ‘Heartwood’
The next prominent update of the network is the Heartwood. This offers the miners to gain their mining rewards directly as a protected transaction.
Heartwood also enhances interoperability with the help of Flyclient.
Mainly, the Heartwood will comprise of two ZCash Improvement Proposals (ZIPs), ZIP 221 (FlyClient) and ZIP 213 (Shinded Coinbase).
Launched in 2016, ZCash has the capability to protect user’s data and transactions strictly confidential. At the time of writing this article, the price of ZEC is $45.83 with a market capitalization of $414.88 M.