On November 14, Binance, a cryptocurrency exchange based te Tokyo made an announcement that it is going to list Zcash (ZEC), a permissionless cryptocurrency which aims at full-protection of the privacy of transactions using zero-knowledge cryptography.
A message regarding Zcash listing has also appeared on Binance official webstek. ZEC/BTC and ZEC/ETH trading pairs are currenctly available on Binance and the users are already able to embark depositing and trading ZEC. There is no toverfee for deposit and the trading toverfee is 0,1%, while the toverfee for withdrawal is 0,005.
Binance is capable of processing 1.Four million orders vanaf 2nd, has a multi-language support, supporting Chinese, English, Korean, Japanese and has all the major coins available – BTC, ETH, LTC, BNB etc.
It is worth mentioning that Zcash is gaining popularity amoung leading cryptocurrency platforms and exchanges, for example EXMO announced Zcash support ter July , and Bithumb and CEX.io added Zcash trading te October .
Twitter users comments
Members of the community perceived the news positively congratulating Zcash with being listed on one of the largest exchanges.
Related video: Buy/Sell Walls and Order Books – What You Need To Know
Zcash coin remained at a finta stable price level lately with a bit of fluctuations, and at the uur of press it is traded at the price of $268 and has a market capitalisation of $703 million.
Related video: BINANCE EXCHANGE GUIDE UPDATED, HOW to WITHDRAW, TRADE and DEPOSIT CRYPTO
Spil proclaimed te Zcash Foundation`s postbode on the development, the hard fork is to strenghthen the protocol for extra upgrades to the network, for example replay protection, versioning, a transactional expiry feature, and spil yet undetermined switches.The customers will be demanded to install the upgrade after the software is carried out.
The protocol assists for seamless network updates ter the future, such spil the much-awaited Sapling protocol designed to raise network scalability and speed. Zcash claims the forthcoming update is well-gained by significant third parties like Binance, Gemini and BitFinex, who will “substantially support” Overwinter. The foundation is also continually reviewing the list of third parties spil the entities confirm their involvement.
Theoretically, the network risks a blockchain split if any members of the community disregard the need to update the system and keep on with the old versions of Zcash. While Overwinter is low on features, it is significant to the broader network strategy spil further capabilities depend on the Overwinter update.
It`s worth to note that the friction is already happening te some places. On June 20, , D. Jane Mercer, the developer of the ZCash Windows wallet, WinZEC, threatened to zekering all coding activities spil the network the Zcash Foundation failed to fund his work. The community members nevertheless promptly donated funds to his wallet address.
For miners running Zcash knots, the official software has bot updated to automatically update to the latest software after block 347,500 is mined. However, if automatic updates are disabled, miners stand to can miss the fresh code. Zcash Foundation asks the users to abstain from using their wallets at least an hour before the scheduled update.