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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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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

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The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

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