Zcash: The halving ..

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Hello everyone,it is Dangerous_Fly once again. Please stay tuned and read to the end.

So let's talk a bit about zcash . Zcash(ZEC) began it's operation in the year 2015. It was aimed at supporting further development and it chose to use a mechanism called Founders Reward (FR) . Let's then take a quick look at some facts about zcash.

  • Amount of coins: There will be a total of 21 million coins issued just like bitcoins. But currently it is impossible to know how long it will take to mine all these due to future advances

  • Proof of Work: Proof of Work algorithm for Zcash is Equihash. Equihash is a memory-hard Proof-of-work algorithm introduced by the University of Luxembourg's Interdisciplinary Centre for Security, Reliability and Trust in the year 2016. The algorithm is based on a generalization of the "BIRTGDAY PROBLEM" which finds colliding hash values .

  • Block rewards: The block rewards will issue a total of 50Zcash(ZEC) every 10 minutes. The block spacing is 2.5 minutes thereby each block produces 12.5 ZEC.

  • REWARD HALVING: As our main topic let's dive in 

REWARD HALVING

Zcash halving as well as Bitcoin halving is an event where the number of Zcash rewards are divided or splitted into two . Here, the block reward is divided and miners are awarded with half the initial block reward . Let's look at it in this way, The ZEC mined by miners per block will reduce from 12.5 ZEC to  6.25ZEC in the next halving at 1046400. This occurs every 4 years just like bitcoins.

EXPECTED HALVING DATE.

Zcash  halving is a block interval specific, this means that the halving will occur once the block chain reached a certain block level. The interval has been delayed to block 1046400. Based on current estimates of 75 seconds per block, the halving should occur during November,2020 which is approximately 182 days .

Effects of Zcash Halving

  • Volatility: Traders should be expecting volatility during this period

  • Low rewards: Miners should also be expecting to earn lower mining rewards

  • Increase in demand and decrease in supply

  • Possible increase in the value of Zcash

Thank you . If you liked the article please leave a thumps up and please follow and support also .

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https://read.cash/@Dangerous_Fly

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Comments

I can agree with you ! So when you decide to enter the crypto market just make sure you know exactly

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3 years ago

I don't know about Zcash but we have Gcash in the Philippines ahahah...

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3 years ago

Kawawa namn siya dahil sa inyong dalawa hahaha . I suggest @Dangerous_Fly to search about Gcash and you'll get an idea on what this two talking about.

Gcash is not a crypto nor Exchange it's like a paypal or wechat of the Philippines.

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3 years ago

Nice one HAHAHAHA

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User's avatar Yen
3 years ago

I didn't know what to say eh ahhaa. And I don't know what's Zcash and the first thing that came into my mind was Gcash. hahaha..

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3 years ago

Haha natawa ako sa gcash 🤣

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3 years ago

Please I don't understand

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3 years ago

I said Its funny that I read about gcash , because we are not familiar in zcash. Here in my country we only gcash..

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3 years ago

hahaha... I bet @dangerous_Fly is confused right now.

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3 years ago

Wag na kayo mag tagalog HAHAHHA

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3 years ago

Ukr

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3 years ago

Okay, uh, well, Filipinos are known to have weird sources to make jokes anyway, so here is @Jdine's lovely post explaining things: https://read.cash/@Jdine/gcash-whats-that-0a2493be

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3 years ago

This is not to shame @dangerous_Fly, okay. It was just the first thinf that came up my mind. Cause I don't have any idea what Zcash is,

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3 years ago

Well, Zcash is one of the attempts at making privacy-focused cash. Like, Monero, but BCH.

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3 years ago

ohh I see.. Thanks!

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3 years ago

Nice research about Zcash. We are not familiar with Zcash. Jdine is right, here in the Philippines we have GCash 😊

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User's avatar Yen
3 years ago

Nice there will be a chance for Zcash To the Moon.

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3 years ago

This article is helpful ☺

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3 years ago

I am so impressed with your article, cause you know more about cryptos and others. I hope someday I can be good as you

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3 years ago

I have never heard of this crypto before oof

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3 years ago

I haven't so much knowledge about Zcash.😢 I have some knowledge about Read.cash.😁

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3 years ago

Z-Cash is not mostly heard of because it is not thzt popular

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3 years ago

Yeah. That's why, I don't know about Zcash.

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3 years ago