Zooko Wilcox, CEO von Zcash Developer Electric Coin, tritt zurück, Swihart wird zum Nachfolger ernannt

Electric Coin Co., der Hauptentwickler hinter dem datenschutzorientierten Blockchain-Netzwerk Zcash, sagte, Zooko Wilcox, die Gründerin des Projekts, werde als CEO zurücktreten und durch Josh Swihart.

Timeline of Zcash

Namada, a new proof-of-stake L1 blockchain that offers interchain asset-agnostic privacy, has proposed a strategic alliance with privacy-focused blockchain Zcash. The price of the native token ZEC rose more than 7% to trade around $42 following the Zcash news. As part of the collaboration, Namada will airdrop its native coin NAM to Zcash holders.

Zcash (ZEC), one of the most privacy-focused cryptocurrencies in the segment, might soon be integrated with Namada (NAM), a new-gen proof-of-stake (PoS) platform for blockchain-agnostic privacy.

ZEC token, a privacy and anonymity-based cryptocurrency, recorded a slight boost in price today after identifying and solving some wallet security issues. Zcash Foundation partnered with Defuse Security to identify a vulnerability slowing down transactions on Zcash Light Wallets.

The Zcash protocol might be under a spam attack as analysts pointed out on Twitter in a long discussion that started on Wednesday. Being a privacy-focused protocol, Zcash's “Shielded Transaction” feature designed for privacy is now being misused by the attacker

Zcash (ZEC) was treading a bearish route along with other altcoins, having shaved off as much as 14% in the past few days. Zcash loses 14% last week but opens up an increased buying opportunity Awesome Oscillators looks bullish ZEC's RSI at 42 On-chain metrics have shown a glimpse of a buying opportunity with a hint of a downtrend.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. The Tether Dominance metric has been on an uptrend over the past few days.

In recent years, the crypto market has seen countless projects come up from nowhere. However, most of these projects faded into oblivion and could not maintain high standards such as those exhibited by Bitcoin and Ethereum.

Zcash price analysis has a bearish outlook today. Its price tested the $64.5 mark twice in the last 48 hours but failed to break through, establishing a confirmed resistance level.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer's opinion. Earlier in July, Bitcoin had a hopeful look about it on the charts.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. Since early April, Zcash has been on a steady downtrend.