ZEC Price Prediction - Technical Analysis
Zcash is based on peer-reviewed cryptographic research, and built by a security-specialized engineering team on an open source platform based on Bitcoin Core’s battle-tested codebase.
Zcash payments are published on a public blockchain, but the sender, recipient, and amount of a transaction remain private. It encrypts the contents of shielded transactions. Since the payment information is encrypted, the protocol uses a novel cryptographic method to verify their validity. This has led to an increase in ZEC price.
Zcash uses a zero-knowledge proof construction called a zk-SNARK, developed by our team of experienced cryptographers based on recent breakthroughs in cryptography. These constructions allow the network to maintain a secure ledger of balances without disclosing the parties or amounts involved. Instead of publicly demonstrating spend-authority and transaction values, the transaction metadata is encrypted and zk-SNARKs are used to prove that nobody is cheating or stealing.
A Better Way to Pay
In addition to using Zcash to pay friends, family and service providers, you can use Zcash at your favorite stores or online merchants.
Zcash for Merchants and Platforms
Merchants, app developers and point-of-sale providers need easy-to-integrate solutions that provide privacy protections for consumers, and audibility at the same time. Zcash was built for this.
Let us review ZEC price.
ZEC Price Prediction
ZEC is trading above the support zone of $103. If it can stay above this support, we could start seeing a move towards $130, $160 and $201. This move may be expected in a short time frame. Failure to hold the support at $103 could lead to a drop towards $84 and $71. These would be good areas to add ZEC for long term spot bags.
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