What should you know about the upcoming hard fork of ZCash?
In June 2018, ZCash went through a hard fork. As a result, the cryptocurrency had already increased by a significant amount. In the anticipation of the hard fork, it is going to rise even further.
ZCash is one such cryptocurrency which actually provides such privacy. It is undergoing a friendly fork in order to develop the network. Many people are also skeptical about ZCash. The thing that the authorities will not allow ZCash to become mainstream is due to the privacy which it provides. This is the reason why the market cap of ZCash is on the lower side.
When you look at the market cap of ZCash in the valuation, it is the 22nd largest cryptocurrency. However, in the last one month, it has gained almost 40%. Many people believe that it can rise even further in the future. That is why they are thinking about investing in ZCash at the present level as well.
Overwinter is the name of the ZCash hard fork which is coming by. It will be a network upgrade for the cryptocurrency. The entire network will have a period of 90 days in order to update the software after the launch of the fork. Also, it is up to the users to find out whether the cryptocurrency exchange in which they are holding ZCash will support the new protocol or not. However, this will not be a hard fork.
Owing to the recent developments, the popularity of ZCash is also increasing. It remains to be seen how it appears after the hard fork.
Zcash is dropping heavily with the rest of the market; however, it still manages to keep its rank above the list of top 20 due to the fact that the entire market appears to be collapsing.