Binance is a cryptocurrency exchange platform, paving way for all investors and traders in the cryptocurrency world. It was initiated in 2014. It has been known to carry lesser fees with secured transactions, similar to other crypt-exchanges. It is one of the top crypto-exchange platforms in the cryptocurrency market.
While the price of other cryptocurrencies has fallen over the past day, ZenCash has seen its price soar…
Against a backdrop this week of falling cryptocurrency prices, one coin has seen its value heading in the opposite direction.
ZenCash (ZEN) has seen its price soar, predictably courtesy of a listing on the Binance cryptocurrency exchange. It’s become the norm now to see the price of a newly-listed coin soar, and so it proved for ZEN.
ZenCash [ZEN] is a privacy currency that is powered by zk-SNARKS. It creates an entire industry on standards of radical transparency and accountability. The technology is based on completes transactions that are untraceable without leaking any of the metadata. Only the proof of transaction is shown on the ledger. zk-SNARKS is the leading privacy protocol in the world of cryptocurrency.
Described by those behind it as “the most resilient and censorship resistant privacy cryptocurrency blockchain and privacy coin”, ZenCash was launched a year ago (forked from ZClassic), and has set aside from the start 8.5% of its funds for marketing, support and development.
Since its Binance listing, that became active today, the price of ZEN has shot up nearly 40% in under a day. The same day that Bitcoin, notably, fell below $8000.
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