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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="Weather Man" data-source="post: 16697029" data-attributes="member: 137766"><p>Never heard of this one, doing well apparently.</p><p></p><h3><a href="https://seekingalpha.com/news/3773358-zcash-tokens-gain-31-after-protocol-transition-to-proof-of-stake?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">Zcash tokens gain 31% since protocol transition to proof of stake</a></h3><p><a href="https://seekingalpha.com/symbol/ZEC-USD" target="_blank">ZEC-USD -0.63%</a>Now!</p><ul> <li data-xf-list-type="ul">The 65th largest digital token by market cap, Zcash (<a href="https://seekingalpha.com/symbol/ZEC-USD" target="_blank">ZEC-USD</a>), surges 31% since transitioning to a proof of stake protocol from proof of work, according to the coin's main developer, Electric Coin Company, in a <a href="https://electriccoin.co/blog/ecc-roadmap-calls-for-focus-on-wallet-proof-of-stake-and-interoperability/" target="_blank">release</a> from Nov. 19.</li> <li data-xf-list-type="ul">Proof of stake, a protocol designed as an alternative to proof of work, is used to mine or validate block transactions based on how many coins are held.</li> <li data-xf-list-type="ul">"Benefits include the reduction in downward pressure on the price of ZEC, as most miners immediately liquidate ZEC for BTC or fiat today," the company says.</li> <li data-xf-list-type="ul">Unlike proof of work protocols - the original consensus algorithm in blockchain tech - proof of stake does not incentivize extreme amounts of energy consumption.</li> <li data-xf-list-type="ul">"Other benefits of moving to proof of stake which include the reduction of the ZEC energy footprint, providing a possible path to on-chain governance mechanisms, and support for interoperability by addressing problems with proof-of-work transaction finality," according to the release.</li> <li data-xf-list-type="ul">The transition will also "increase the utility for ZEC through capabilities that include yield generation through staking and a possible path to on-chain governance mechanisms for ZEC holders."</li> <li data-xf-list-type="ul">To note, staking is a way of earning rewards for holding crypto to verify transactions on a proof of stake blockchain.</li> <li data-xf-list-type="ul">This could imply more Zcash (<a href="https://seekingalpha.com/symbol/ZEC-USD" target="_blank">ZEC-USD</a>) <a href="https://cointelegraph.com/news/zec-price-jumps-20-in-one-day-as-zcash-devs-unveil-transition-to-proof-of-stake" target="_blank">may </a>end up "going out of active circulation due to lockup periods," against its fixed supply of 21M tokens - much like Bitcoin's (<a href="https://seekingalpha.com/symbol/BTC-USD" target="_blank">BTC-USD</a>) fixed 21M coins in circulation, CoinTelegraph notes a day after the announcement.</li> <li data-xf-list-type="ul">Electric Coin Company also highlighted its plans to expand its mobile and infrastructure teams, "with intent of shipping a first-release official ECC wallet in 2022."</li> <li data-xf-list-type="ul">Some other cryptos that are moving higher on Monday - and in the past week - despite the broader crypto market slump includes Avalanche (<a href="https://seekingalpha.com/symbol/AVAX-USD" target="_blank">AVAX-USD</a> +3.1%), Crypto.com (<a href="https://seekingalpha.com/symbol/CRO-USD" target="_blank">CRO-USD</a> +2.7%), Elrond (<a href="https://seekingalpha.com/symbol/EGLD-USD" target="_blank">EGLD-USD</a> +16.0%) and Decentraland (<a href="https://seekingalpha.com/symbol/MANA-USD" target="_blank">MANA-USD</a> +5.1%).</li> <li data-xf-list-type="ul">Previously, (July 15) crypto exchange Coinbase considered adding Zcash and four more digital tokens to its <a href="https://seekingalpha.com/news/3370136-coinbase-exploring-adding-five-new-tokens-to-platform" target="_blank">trading platform</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16697029, member: 137766"] Never heard of this one, doing well apparently. [HEADING=2][URL='https://seekingalpha.com/news/3773358-zcash-tokens-gain-31-after-protocol-transition-to-proof-of-stake?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']Zcash tokens gain 31% since protocol transition to proof of stake[/URL][/HEADING] [URL='https://seekingalpha.com/symbol/ZEC-USD']ZEC-USD -0.63%[/URL]Now! [LIST] [*]The 65th largest digital token by market cap, Zcash ([URL='https://seekingalpha.com/symbol/ZEC-USD']ZEC-USD[/URL]), surges 31% since transitioning to a proof of stake protocol from proof of work, according to the coin's main developer, Electric Coin Company, in a [URL='https://electriccoin.co/blog/ecc-roadmap-calls-for-focus-on-wallet-proof-of-stake-and-interoperability/']release[/URL] from Nov. 19. [*]Proof of stake, a protocol designed as an alternative to proof of work, is used to mine or validate block transactions based on how many coins are held. [*]"Benefits include the reduction in downward pressure on the price of ZEC, as most miners immediately liquidate ZEC for BTC or fiat today," the company says. [*]Unlike proof of work protocols - the original consensus algorithm in blockchain tech - proof of stake does not incentivize extreme amounts of energy consumption. [*]"Other benefits of moving to proof of stake which include the reduction of the ZEC energy footprint, providing a possible path to on-chain governance mechanisms, and support for interoperability by addressing problems with proof-of-work transaction finality," according to the release. [*]The transition will also "increase the utility for ZEC through capabilities that include yield generation through staking and a possible path to on-chain governance mechanisms for ZEC holders." [*]To note, staking is a way of earning rewards for holding crypto to verify transactions on a proof of stake blockchain. [*]This could imply more Zcash ([URL='https://seekingalpha.com/symbol/ZEC-USD']ZEC-USD[/URL]) [URL='https://cointelegraph.com/news/zec-price-jumps-20-in-one-day-as-zcash-devs-unveil-transition-to-proof-of-stake']may [/URL]end up "going out of active circulation due to lockup periods," against its fixed supply of 21M tokens - much like Bitcoin's ([URL='https://seekingalpha.com/symbol/BTC-USD']BTC-USD[/URL]) fixed 21M coins in circulation, CoinTelegraph notes a day after the announcement. [*]Electric Coin Company also highlighted its plans to expand its mobile and infrastructure teams, "with intent of shipping a first-release official ECC wallet in 2022." [*]Some other cryptos that are moving higher on Monday - and in the past week - despite the broader crypto market slump includes Avalanche ([URL='https://seekingalpha.com/symbol/AVAX-USD']AVAX-USD[/URL] +3.1%), Crypto.com ([URL='https://seekingalpha.com/symbol/CRO-USD']CRO-USD[/URL] +2.7%), Elrond ([URL='https://seekingalpha.com/symbol/EGLD-USD']EGLD-USD[/URL] +16.0%) and Decentraland ([URL='https://seekingalpha.com/symbol/MANA-USD']MANA-USD[/URL] +5.1%). [*]Previously, (July 15) crypto exchange Coinbase considered adding Zcash and four more digital tokens to its [URL='https://seekingalpha.com/news/3370136-coinbase-exploring-adding-five-new-tokens-to-platform']trading platform[/URL]. [/LIST] [/QUOTE]
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