
Jakarta, Pintu News – Zcash is now making headlines in the crypto world, especially after Arthur Hayes, co-founder of BitMEX, revealed that Zcash has become the second largest crypto asset in the portfolio of his family office, Maelstrom, after Bitcoin . With a significant increase in value, Zcash now tops the list of the world’s top 20 cryptocurrencies.
Zcash differentiates itself by using advanced zero-knowledge proofs to enable fully encrypted transactions, while still maintaining the transparency and security of the blockchain.
It is the first cryptocurrency to implement zk encryption for private peer-to-peer payments. Zcash has a fixed supply of 21 million coins and a truncation schedule similar to Bitcoin (BTC).
As a decentralized protocol, Zcash gives its users full control over their funds. Zcash not only offers strong privacy but also ensures that every transaction remains secure and transparent. This makes it an attractive option for those seeking anonymity in their transactions without compromising on security.
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Recently, Zcash reached a high of $734 with a market capitalization exceeding $10 billion, surpassing Hyperliquid and other large altcoins such as SUI and Hedera. In just a few hours, Zcash jumped more than 30% to $735. Although it is currently trading around $576, down about 6% in the last 24 hours, Zcash is still up more than 200% in the last month and an astounding 1,200% over the last year.
This rise brought Zcash into the top 20 cryptocurrencies by market capitalization. Despite the general market decline, Zcash has continued to climb. This was driven by technical improvements and growing adoption, which caught the attention of investors and users.
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Recent reports indicate that Zcash has evolved from a niche privacy project to a fully functional encrypted money network. Adoption of protected features has increased, and the Zashi wallet now makes private transfers the default setting for its users. Meanwhile, the Tachyon Project, led by Sean Bowe, is working towards handling thousands of private transactions per second.
Zcash has even surpassed Monero to become the largest privacy-focused cryptocurrency by market capitalization. The privacy coin market is also gaining momentum, with a current market capitalization of $27.6 billion, up 4.8% in the last 24 hours. Zcash leads the way with a market capitalization of $9.2 billion.
With strong support from figures such as Arthur Hayes and growing adoption, Zcash shows significant potential as a crypto asset. While volatility remains a consideration, enhanced privacy and technical improvements continue to attract investor interest. Zcash promises an exciting future in the crypto ecosystem, especially for those who value privacy and security in digital transactions.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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