Zcash Price Analysis – 5th October 2021
Zcash Price Analysis - 5th October 2021
Zcash Price Analysis – Founder’s reward ceases after recent block reward halving
Following the first Zcash block reward halving, which occurred earlier this week, the ZEC founders' reward which was a part of every block mined was removed. The reward that accounted for 20% of the block reward was continually paid to early investors, funded coin development, and was used to promote the Zcash ecosystem.
Zcash Price Analysis – Protocol upgrade on the horizon
The fifth major network upgrade, Zcash v4.0.0, was released earlier this year and supports the next upgrade, “Canopy,” which will occur at a block height of 1,046,400 (November 18th).
Zcash Price Analysis – Shielded addresses underutilized
On-chain statistics show a rise in transactions per day and active addresses over the past few weeks. However, even with the integration of Sapling, shielded addresses are only being utilized by less than 20% of transactions.