1H
-3.61%$0.0074
24H
-4.68%$0.0097
7D
-9.13%$0.0198
30D
-36.0%$0.1110
Zelcash is a cryptocurrency that holds a central role in the Zel Ecosystem. It gives the incentive for ZelNode ownership to enable the creation of ZelDex and the ZelDev Platform, enabling us to create a truly decentralized development platform. Zerocash(2014), which later became the Zcash project (2016), used zk-SNARKs (Zeroknowledge Succinct Non-interactive ARguments of Knowledge) to bring about truly anonymous peer-to-peer transactions. Building on Bitcoin, Zcash improved upon Zerocash with security fixes and adjustments, as well as improved functionality and performance. The same way Bitcoin became the first widely adopted electronic currency, Zcash became the first widely adopted anonymous electronic currency.
Investors need to get familiar with certain tools that can provide them with an edge in the financial market. One such tool can be alternative data. Here’s a guide to help you understand all you need to know about alternative data, their types and sources, and why turning to non-traditional analysis is important.
The topic of cryptocurrency taxes is still a cause of confusion, especially to those just entering the crypto space. This guide will introduce you to crypto taxation and show you how to file your returns the right way.