Zcash (ZEC) News – Will overwinter make Zcash (ZEC) more popular?

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Zcash (ZEC) is going to undergo a network upgrade in the coming days. The popularity of Zcash (ZEC) has increased gradually. It has come on the radar of most of the cryptocurrency investors. Similarly, it has retained its place in the top 25 most valued cryptocurrencies by market cap. That is, it is not just another unknown cryptocurrency. It has managed to gain significant credibility for itself. The question is whether the up-coming network upgrade known by the name of overwinter will make Zcash (ZEC) more popular or not.

Will overwinter make Zcash (ZEC) more popular?

Many experts, as well as cryptocurrency coverage websites, are calling overwinter a hard fork. It is not true. It is actually a network upgrade. That is why it remains to be seen whether it will be beneficial for the Zcash in the longer term or not. You can better understand overwinter network upgrade if you know the fundamentals of Zcash (ZEC).

What does Zcash (ZEC) have on offer?

Zcash (ZEC) can be considered as the HTTPs equivalent of Bitcoin (BTC). Assuming that Bitcoin (BTC) is the HTTP version, Zcash (ZEC) provides additional privacy to transactions. As a result, hackers, as well as anyone else, will not be able to trace the origin of the transaction quickly. There is 0 knowledge proof when you’re transacting in Zcash (ZEC). People have finally understood that Bitcoin (BTC) might be the pioneer cryptocurrency, but it is not the most secure one. That is why they are looking towards alternatives like Zcash (ZEC) to get that security. Now that you are familiar with the fundamentals of Zcash (ZEC) let us look at what exactly overwinter is.

What is overwinter?

Zcash (ZEC) is unveiling overwinter to provide more strength to the protocol. It will also improve the performance of transparent transactions. Most of the users might not know, but Zcash (ZEC) offers you the option to conduct transparent as well as anonymous transactions. It will also add a new feature of transaction expiry. Thus, when you look at the number of features on offer in overwinter, you will realize that it is sure to revolutionize Zcash (ZEC).

Once the Zcash (ZEC) network upgrade is unveiled, every user will have 90 days to update their software. They need to do so in those 90 days. One thing which is for sure is that with the help of this network upgrade, Zcash (ZEC) will be able to provide more features. The larger the number of features, more will be the interest of the cryptocurrency community. It clearly indicates that Zcash (ZEC) will benefit from the network upgrade. The future will tell if network upgrade is seamless or there are any glitches.

If there are any glitches, that might work negatively for Zcash (ZEC). However, as long as the execution is flawless, it will easily make Zcash (ZEC) even more popular.

About Priya 131 Articles
I am an IT engineer by qualification and like to explore the crypto and blockchain space in my free time.

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