October 28, 2016, HitBTC cryptocurrency exchange announces that Zcash has been added to the list of tradeable currencies, opening a new ZEC/BTC market. The initiative is the next logical step of global HitBTC strategy aimed at supporting new promising currencies, which lets HitBTC stay at the forefront of financial intermediaries, provide liquidity and trading tools for cutting-edge blockchain technologies and assets. Zcash is a freshly rolled out cryptocurrency, launched on October 28, 2016. It represents a decentralized, open-source digital asset that offers privacy and selective transparency of transactions. Similar to most of digital currencies, Zcash runs a public blockchain available to every participant, but unlike the first generation cryptocurrencies, it conceals transaction amounts, and allows both senders and recipients remain private. Being developed and supported by a strong team of scientists and engineers, Zcash uses advanced cryptographic techniques, namely zero-knowledge proofs, to guarantee the validity of transactions without revealing additional information about them. “We are continuously providing our users with new digital currencies and markets, choosing the new coins thoroughly,” says Paul Clarkson, product manager at HitBTC. “There’s always a particular reason for listing a specific cryptocurrency. In the case of Zcash, the crucial advantage is an outstanding professional dev team and a hefty board of known advisors and investors. Another point is a brand-new cryptographic scheme that significantly differs from existing privacy-centric solutions. Bringing liquidity for innovative technologies is our job, and Zcash certainly deserves attention.” Indeed, despite being just released, Zcash has a long track record, and a plenty of stakeholders, including names such as Roger Ver and Barry Seibert as well as Pantera Capital. Although operating as an open source project, Zcash is set up as company, run by Zooko Wilcox, a 41-year-old cryptographer. The Company running Zcash gets 10% of the eventual monetary base. The […]
