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June 27, 2018, 11:54:42 PM |
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ZCash (ZEC) is preparing for a planned update in the form of a hard fork, requiring that all users update the software for using the digital asset. The Overwinter hard fork, as the project is known, is a part of a series of improvements to the crypto coin, happening every few months.
For many projects, planned hard forks have proven the best way to make changes, as non-obligatory soft forks sometimes fail to implement the required updates, left to the choice of users and miners. The ZEC update should happen on June 26, based on relative block time.
ZCash has seen its price stagnate and slide slowly, down to $166.95. ZEC sees relatively inactive trading, concentrated on LBank and YoBit. Volumes for ZEC have been inconsistent, moving between $230 million at the beginning of June, and down to $39 million at the end of the month. ZEC is mostly traded against Bitcoin, but has a 17% share of Tether (USDT) trading. Unfortunately, the Gemini listing a few weeks earlier did not stem the slide for ZEC.
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