Today news
About the same in other media
ZEC price jumps 20% in one day as Zcash devs unveil transition to Proof-of-Stake
Reading now: 187
Zcash (ZEC) surged by nearly 20% in the past 24 hours, helped by the euphoria surrounding its core protocol's decisive transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS).
The ZEC price logged an intraday high at $188.80 on Binance after rising two days in a row by more than 27%. The cryptocurrency's move upside also wiped out a big portion of the losses it had faced earlier this week, in the wake of a downside retracement across the crypto market.
ZEC price jumped after the cryptocurrency's main developer, Electric Coin Company (ECC), announced that it would move Zcash's protocol from PoW to PoS within the next three years. The nonprofit noted that the upgrade would limit the ZEC price's downward pressures by removing miners that
Read more on cointelegraph.comAbout this in other media
Cardano, MATIC, The Sandbox Price Analysis: 3 December ambcrypto.com /3 years ago
ZCash surges 7% after Digital Currency Group CEO announces $85M purchase cointelegraph.com /3 years ago
UAE: 4 special NFT integrated postage stamps to be issued on National Day 2021 ambcrypto.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
