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ZCash (ZEC) Postponed Sapling: Overwinter Update Still Incoming

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ZCash

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

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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

Xeno Holdings Limited (xno.live ), 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 (market.xno.live ), 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?

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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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Altcoins

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

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

The XENO NFT Hub (https://xno.live) 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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