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ZCash (ZEC) Gets Praised by Edward Snowden While Waiting for Hard Fork




As ZCash is waiting for its hard fork that is announced to take place in June 2018, Edward Snowden had a couple of words to share about what he thinks of ZCash and its technology, value, and potential. As ZCash is slowly being recovered from the latest market dip, many enthusiasts are interested in predicting how well will ZCash perform just before the hard fork occurs, hoping that the renewed platform will sky-rocket the price as well as enable some new features that would allow the dev team to easily perform changes and modifications along with being able to work of further development of the network with adding updates in the future. How is ZCash doing at the current moment, what will the new hard fork bring and what Snowden had to say about ZEC?

Snowden on ZCash

During a conference dedicated to the phenomenon of blockchain technology held in Germany earlier in March of 2018, Snowden was asked a lot of questions about his opinion on cryptocurrencies and overall privacy of blockchain technology and decentralized networks. On this occasion, he stressed out that his favorite and by far most interesting coin available on the market is none other than ZCash.

Snowden also added the reason behind favorizing ZCash, stressing out that ZEC has a unique protocol that enables ultimate privacy, that way adding that privacy is very important for having a digital asset desirable and generally functional. Snowden added further during his statement that he noticed that a lot of digital assets are trying to mime ZCash in the terms of trying to achieve the level of privacy that this currency has, which is, as he said, a good thing.

To make sure that all transactions are maximally private, ZCash uses a unique protocol known as zk-SNARKS. This protocol allows all users to make transactions under a determined high level of privacy so that means that all transactions are made to be untraceable, which is the original idea of blockchain-based digital assets.

The dev team behind ZCash claims with certainty that it would be impossible for anyone to break through the pass generated by zk-SNARKS as this protocol uses zero-encryption to make sure that no one can trace either recipient or the sender, that way keeping the privacy of all users who use ZEC for their blockchain-based transactions. Given the fact that ZCash is one of the top currencies, currently ranked as a 26th coin on the global coin ranking list, one of the known investment companies called Grayscale is predicting a fabulous future for ZEC as the firm predicted that ZCash might reach the value of 60.000$ per one unit in 2025. Hopefully, for all ZEC holders, this prediction might turn out to be true. For now, 2025 seems pretty far as well as the 60k price per one unit.

Further, during the conversation for the conference held in Germany, Snowden also added that he thinks that Bitcoin won’t last forever as it has some issues with privacy as well as with scalability. In accordance with Snowden’s opinion: “The first browser created was not the best one” so he used this comparison for the case of Bitcoin as the first cryptocurrency before the crypto market was even active or popular. Due to the unique privacy protocol, Snowden would definitely go for ZCash, which is in many ways an amazing acknowledgment of ZEC and its dev team.

ZCash and Hard Fork

As we heard what Snowden thinks about ZCash, we are interested in finding more about the upcoming hard fork that should take place somewhere in June of the current year of 2018.

The developer of the network, Wilcox, stated that the purpose of getting a hard fork is to get used to getting updates for the platform in a simpler, more beneficial and easier way. The hard fork is named Overwinter and the dev team is working on perfecting it before continuing with the fork later in 2018, around June.

As stated by Wilcox, who is working on the network improvement as the head of the team preparing Overwinter, he stated that all users can expect even faster transactions after the hard fork while the level of privacy will be maintained on the same respectful level.

Further, in his statement, Wilcox added that he considers Overwinter, named as Sprout in its stage of development, more as a way of upgrading the network rather than the usual hard fork. All users will be able to unlock all features and upgrades that come with the hard fork once Overwinter takes place. Although many people are not as fond of the hard fork as they believe forks represent a way of having the dev team forcing all users into accepting changes in the network, it is predicted that the new fork will bring many positive novelties to ZEC, also raising its value in the market.

ZCash: What to Expect with Overwinter

Wilcox also talked about the new improvements that should take place once Overwinter is activated, claiming that all users will be able to enjoy much smoother experience regarding transactions and internal network operations, which would contribute to a smoother user experience.

One of the novelties the ZEC team is proud of is a protocol called transaction expiry. This feature enables expiration of all transactions queued more than an hour. Thanks to this protocol all transactions older than one hour will automatically expire which will contribute to removing outdated and unprocessed transactions.

Apparently, it is the case that certain transactions might get “jammed”, which is usually the case when a sender doesn’t pay the stated fee for making a transaction. That way, miners are unable to “catch” the transaction and verify it, so the verification fails and the given transaction sort of stays jammed in a limbo.

To prevent this from happening, Wilcox has decided to add the transaction expiry protocol. However, many people think that this is everything but a good idea because many people believe that this protocol could potentially lead to serious problems in the security of the network. Wilcox undeceives the public on this matter by stating that this feature won’t cause any troubles with the security of the network, further stating that it will only contribute to the more functional network by preventing users from losing their funds in case they send their transactions to a wrong chain.

As we already know once you send a transaction via blockchain, that transactions are irreversible, which means that you can’t get your money back, so transaction expiry feature should easily resolve this issue.

This feature will potentially sky-rocket ZCash and help it stand out from the crowd of a massive crypto verse that is getting larger and larger year by year. Another novelty that is planned for Overwinter is rewriting the inherited issue ZCash picked up from Bitcoin’s design once it was being created and before it became an ICO. The issue is related to the signature verification and should be resolved with the fork.

How is ZCash doing at the Current Moment?

After 8 long weeks of a harsh market dip that went on ravaging the market as the prices were dropping dizzily, holders and investors are finally able to relax a bit and enjoy watching their currencies rise above trading in the red.

The latest change in the market made ZEC dealing in the green while it experienced a rise in the price of 2.50% against the dollar.

After the mentioned change in the market, ZEC can be bought at 202.63$ per one unit. Still trading at the price that is over four times lower than its all-time high of around 800$ per one unit, it is yet uncertain how soon would ZCash be able to get back on the track when it comes to the price. However, it is expected that ZEC’s value will probably rise after the hard fork takes place in a couple of months from now.

We will be updating our subscribers as soon as we know more. For the latest on ZEC, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of AK Rockefeller via Flickr


XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub ( ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?



2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata



Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub ( will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has…

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