{"id":18117,"date":"2024-10-28T09:51:17","date_gmt":"2024-10-28T07:51:17","guid":{"rendered":"https:\/\/forklog.com\/en\/zcash-celebrates-eight-years-since-launch\/"},"modified":"2024-10-28T09:51:17","modified_gmt":"2024-10-28T07:51:17","slug":"zcash-celebrates-eight-years-since-launch","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/zcash-celebrates-eight-years-since-launch\/","title":{"rendered":"Zcash Celebrates Eight Years Since Launch"},"content":{"rendered":"<p>On October 28, 2024, the community of the privacy-focused cryptocurrency Zcash (ZEC) marked eight years since the launch of its mainnet.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">? Join us in celebrating <a href=\"https:\/\/twitter.com\/hashtag\/Zcash?src=hash&#038;ref_src=twsrc%5Etfw\">#Zcash<\/a>&#8216;s 8th Anniversary ?<\/p>\n<p>We&#8217;re hosting a special event on Discord with exciting activities happening over the weekend and insights from speakers <a href=\"https:\/\/twitter.com\/zooko?ref_src=twsrc%5Etfw\">@zooko<\/a>, <a href=\"https:\/\/twitter.com\/jswihart?ref_src=twsrc%5Etfw\">@jswihart<\/a>, <a href=\"https:\/\/twitter.com\/JackGavigan?ref_src=twsrc%5Etfw\">@jackgavigan<\/a> and <a href=\"https:\/\/twitter.com\/elisehamdon?ref_src=twsrc%5Etfw\">@elisehamdon<\/a><\/p>\n<p>Plus, take part in our <a href=\"https:\/\/twitter.com\/hashtag\/Zealy?src=hash&#038;ref_src=twsrc%5Etfw\">#Zealy<\/a> event to earn rewards\u2026 <a href=\"https:\/\/t.co\/RsQ4VeE3qB\">pic.twitter.com\/RsQ4VeE3qB<\/a><\/p>\n<p>\u2014 ZecHub (@ZecHub) <a href=\"https:\/\/twitter.com\/ZecHub\/status\/1849866044913090738?ref_src=twsrc%5Etfw\">October 25, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In 2016, the mainnet launch was accompanied by high volatility, with the coin&#8217;s price at one point soaring to 2600 BTC per 1 ZEC, or over $1.8 million at the time.<\/p>\n<p>Today, the asset trades at $37.3, having gained 34% over the past year, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/zcash\">CoinGecko<\/a>. Zcash ranks 140th by market capitalization, with a value of $563.7 million.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXdeaoLI-XArQFUOvv0IUuOO6Aoje14WiXpqMPyC70vhuHzwWusnetnkyx6I0CqIyaSKMc24jn15M_KpNyoIyowX9lgM4k6MmXIDAskibMYP5aecwuqVS_012jCbrVYF-wOlN21xJBMcT7mOOFxIngN1LqgD?key=Ks5p25louV_rleUac2zZOA\" alt=\"Zcash \u043e\u0442\u043c\u0435\u0442\u0438\u043b\u0430 \u0432\u043e\u0441\u0435\u043c\u044c \u043b\u0435\u0442 \u0441 \u043c\u043e\u043c\u0435\u043d\u0442\u0430 \u0437\u0430\u043f\u0443\u0441\u043a\u0430\"\/><figcaption class=\"wp-element-caption\">Hourly chart of ZEC\/USDT on Binance. Data: <a href=\"https:\/\/tradingview.com\/symbols\/ZECUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>In 2020, Zcash creator and former CEO of its developer, Electric Coin Company (ECC), Zooko Wilcox, stated in an interview with ForkLog that the project had achieved significant success over its existence.<\/p>\n<p>Among the achievements, he highlighted the identification and resolution of a critical vulnerability in 2018, as well as the development of the community.<\/p>\n<p>Currently, users are actively speculating about the protection of the Zcash network from quantum computer attacks.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">&#8220;Zcash already has defenses against possible future quantum computers decrypting old transactions.&#8221;<\/p>\n<p>Pay attention to this news and you&#8217;ll understand the importance of having ZEC in your bag. <a href=\"https:\/\/t.co\/BY1IPgtnm1\">pic.twitter.com\/BY1IPgtnm1<\/a><\/p>\n<p>\u2014 yoshi (@yoshi_v1) <a href=\"https:\/\/twitter.com\/yoshi_v1\/status\/1850699187119140882?ref_src=twsrc%5Etfw\">October 28, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Wilcox discussed the enhanced blockchain security system back in September, but it has only recently garnered attention. According to the developer, quantum computers will not be able to decrypt a transaction without knowing the user&#8217;s address.<\/p>\n<p>In 2021, ECC unveiled the Zcash roadmap through 2025. The team described the plan as &#8220;aggressive but achievable,&#8221; including three key products: a transition to the Proof-of-Stake consensus algorithm, interoperability, and an official ECC wallet.<\/p>\n<p>In 2022, former <span data-descr=\"United States National Security Agency\" class=\"old_tooltip\">NSA<\/span> and <span data-descr=\"United States Central Intelligence Agency\" class=\"old_tooltip\">CIA<\/span> employee Edward Snowden revealed his involvement in the launch of Zcash.<\/p>\n<p>Back in December 2023, Wilcox stepped down as CEO of ECC, with the position taken over by the company&#8217;s Senior Vice President of Growth, Josh Swihart.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On October 28, 2024, the community of the privacy-focused cryptocurrency Zcash (ZEC) marked eight years since the launch of its mainnet. ? Join us in celebrating #Zcash&#8216;s 8th Anniversary ? We&#8217;re hosting a special event on Discord with exciting activities happening over the weekend and insights from speakers @zooko, @jswihart, @jackgavigan and @elisehamdon Plus, take [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1256,202],"class_list":["post-18117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-privacy-and-personal-data","tag-zcash"],"aioseo_notices":[],"amp_enabled":true,"views":"59","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=18117"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18117\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/18116"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=18117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=18117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=18117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}