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ZCash (ZEC) Postponed Sapling: Overwinter Update Still Incoming

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ZCash
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ZCash seems to be doing pretty well in the market considering the current bear market. We can see ZEC rising up against the dollar only a couple of days from having a new update to the network, better known as Overwinter to the community. ZCash is expecting to see some significant changes that will most certainly affect ZEC positively; however, the team has announced that the next stage of the network dubbed Sapling is to be delayed for the next 5 weeks or so. Here is what ZEC holders and investors can expect from ZCash in the following weeks.

ZCash Postpones the Activation of Sapling Stage

A couple of days ago, the team behind ZEC has gone forward with announcing that the next stage of the development for ZCash network is to be delayed. At the time of the announcement, the team has stated that the next stage should be activated within 6 weeks, which means that the next upgrade called Sapling was rescheduled for the end of July.

The stage that ZCash network is currently at is called Sprout, and it will remain active until the next stage, Sapling, takes its place. The current stage provides blockchain transactions with ZEC units, which enables fast global payments while having the payment system protected with zk-SNARKS.

Zk-SNARKS is a protocol based on zero-knowledge technology, and so it provides a backbone of privacy on the ZCash network, while also representing a novelty in zero-knowledge protocols.

The team has stated with their announcement regarding the delayed activation of the stage Sapling, that the delay has only been limited to a single release cycle, which is the period of 6 weeks, adding that the rescheduling of Sapling suits the best interest of all users, holders, and investors of ZEC.

Sapling should not have any further delays, which means that ZCash will see its next stage by the end of July 2018.

ZCash: What to Expect from Sapling

The team has been working on the new stage for ZCash for months now, while they have most recently announced that they are rescheduling the release of Sapling due 6 weeks from the time of their announcement, adding that there are some crucial addition tests that need to be taken care of.

Sapling is designed with the purpose of creating an even more stable and secure ecosystem for ZCash users who are already being protected with having their blockchain transactions shielded by zk-SNARKS.

Sapling should introduce the ZEC network to a more efficient ecosystem, that will, as the team claims, “pave the way” towards mass adoption of cryptos as well as attract vendors’ attention and interest in crypto adoption.

Sapling thus makes an integral part of ZCash roadmap, leading it to the next stage of its development, which is exactly why the team believes they owe it to the users to test Sapling to the tiniest detail in order to ensure that there will be no further delays in the development of ZCash network.

However, although Sapling is delayed for the next 5 weeks or so, the team will be releasing version 1.1.2 on the scheduled date, which means that the mentioned version will be available for the public starting from July 1st.

The team has added that they “encourage all third parties to test Sapling by trying out version 1.1.2”

Sapling should get its block height by August 12th, when the release and activation of version 2.0.0 will be released as well, while the final activation of the new stage Sapling is to take place on October 28th.

ZCash to Release Overwinter in Several Days

Although ZCash team has gone forward with delaying the activation of Sapling for the next six weeks, Overwinter, which is actually a new system update.

Overwinter was previously scheduled for June 25th, and the date of the update remained the same, which means that ZCash will be releasing the new update dubbed Overwinter in the course of only several days.

Overwinter will take place on the block height of 347500 and the first block of the updated system should be mined the next day on June 26th.

The team claims that Overwinter makes a significant system update given the fact that the new update should make ZEC ecosystem more scalable when it comes to implementing new system updates that are planned for the future development of the network.

ZCash: What to Expect from Overwinter

The team has stated that the new update called Overwinter will include some significant changes that will include new features like transaction expiry, versioning and replay protection for future updates, more transparent transactions and other important changes.

All the new updates that come with Overwinter will affect the network to become more efficient as well as more secure.

Although some community members consider Overwinter to be a hard fork, given the fact that there will be new updates made in the system, the team stated that Overwinter is only an update that comes with the new stage of development of ZCash, which means that there won’t be any airdrops or similar events.

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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.

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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