Zcash vs Bitcoin has Death Cross Impending or Mega Rally
Foundational upgrade delivered without causing a network or market crisis. This is now a potential green-light for Zcash to continue to outperform against Bitcoin
If the local levels are rejected during rally attempts (003500 and 004000 namely) then this will move much lower toward 002000
electriccoin.co/blog...a-new-era-for-zcash/
Zcash Network Upgrade 5 (NU5) activated on mainnet today, May 31. It is the most important milestone for Zcash since the cryptocurrency launched in 2016 — and as our Electric Coin Co. (ECC) CEO Zooko Wilcox put it, “an historic step forward for human society.”
NU5, the first major upgrade since November 2020, includes the launch of the Orchard shielded payment protocol, utilizing the Halo proving system to remove reliance on complex setup ceremonies. The efficiencies built into this upgrade make possible — for the first time ever — private, trustless digital cash payments on mobile phones. Halo also paves the way for increased interoperability by providing a system that could unlock private cross-chain proofs at scale.
If the local levels are rejected during rally attempts (003500 and 004000 namely) then this will move much lower toward 002000
electriccoin.co/blog...a-new-era-for-zcash/
Zcash Network Upgrade 5 (NU5) activated on mainnet today, May 31. It is the most important milestone for Zcash since the cryptocurrency launched in 2016 — and as our Electric Coin Co. (ECC) CEO Zooko Wilcox put it, “an historic step forward for human society.”
NU5, the first major upgrade since November 2020, includes the launch of the Orchard shielded payment protocol, utilizing the Halo proving system to remove reliance on complex setup ceremonies. The efficiencies built into this upgrade make possible — for the first time ever — private, trustless digital cash payments on mobile phones. Halo also paves the way for increased interoperability by providing a system that could unlock private cross-chain proofs at scale.
Comment:
waiting patiently for Zooko Wilcox to create the catalyst.
Comment:
continues to test down support at critical levels. hope for elastic bounce back to 0030000 this weekend
