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Why Zcash does not rise

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Why Zcash does not riseEditor\’s note: This article is from Xiaonazha Chitchat (

Why Zcash does not rise

Why Zcash does not riseEditor’s note: This article is from Xiaonazha Chitchat (ID: xiaonazha88), authorized by Odaily Planet Daily for reproduction.

One of the hottest topics in the cryptocurrency market in recent days is why Zcash does not rise. Why has the price of Zcash remained so low? Today, let’s discuss this issue!First, why doesn’t Zcash rise? The reason why Zcash’s price is not high is because it is an algorithm coin with no practical value. Its distribution method is very different from Bitcoin, Ethereum, and Dogecoin.Second, how does Zcash’s price fluctuate? In fact, these two terms are very popular in the cryptocurrency community and both are about “zero”. Simply put, if you use the term “zero”, it refers to the price fluctuations of a digital asset. It may take a long time for you to know its true nature. Therefore, when the market value drops by 80%, people will think it is a big bubble. For many ordinary people, it is difficult to understand these concepts because they don’t know what “zero” is or they simply don’t understand what it means. If blockchain technology is considered as the breakthrough of core technology, then there will definitely be many people questioning this so-called “zero”. However, for most people who are not familiar with this point, it is still easy to have doubts. Therefore, here, “zero” is insignificant. That is to say, most people’s attention is now focused on some form of instability, just like before. But in fact, there have been some extreme cases, such as the emergence of something called “zero” in recent months. “Zero” is a relatively new digital currency with a certain degree of anonymity and can be used to prevent fraud and data forgery. However, from the current point of view, it does resemble a “pure virtual commodity”, and even some project parties hope to change the world through this type of technology.Third, why doesn’t Zcash rise? To solve this problem, I have summarized some common methods:

First, let’s take a look at Bitcoin. Because the long-term use of Bitcoin has limited many aspects, the transaction volume is not large. On the other hand, the miners in the Bitcoin network do not have much incentive. Basically, they release rewards only after mining a large number of blocks, which leads to a faster decline in the overall network computing power. Of course, in addition to Bitcoin, there are other cryptocurrencies that have similar problems, such as XRP, LTC, and other mainstream cryptocurrencies. They also use the same mining mechanism, with only differences in the length of time. Another point is that although the hash rate of Bitcoin is decreasing and the difficulty is increasing, Bitcoin still has a lot of room for development. Its limited computing power, combined with the increasing number of blocks mined, also enhances its security. Finally, another choice is to allow more people to participate and gain more profits after mining blocks, which is also a topic of concern in the Bitcoin community.

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