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ZCash (ZEC) Postponed Sapling: Overwinter Update Still Incoming

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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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