Zcash FOMO (and what you need to know)

OCTOBER 27th, 2016

"Any sufficiently advanced technology is indistinguishable from magic."
– Arthur C. Clarke

FORWARD

Zcash hasn’t launched yet, but strong demand has sent its futures price up more than 10x over the past month.

Is this a clear case of FOMO? Or does it reveal a strong need for private transactions?

A large part of the interest could stem from recent debate about bitcoin’s fungibility. Supporters argue that Zcash’s emphasis on anonymity gives it a distinct advantage over bitcoin in that area, and its flexibility in sharing transaction information presents opportunities for intriguing use cases. However, although the new protocol has been exhaustively audited, it has yet to be tested by the market, and it is unclear how effectively it would scale.

After tomorrow’s launch we should start to see if the hype is justified. Stay tuned. (Read the full story.)

Wait, there's more:

· CoinSciences launches its enterprise Platform Partner Program, with Accenture and others on board. See who else.

· S&P doesn’t see the blockchain impacting corporate ratings in the short term. If ever.

· More on the bitcoin scalability debate: what about tweaking the block time? Will it work?

· AT&T is looking at a blockchain-based multimedia server system. Read more.

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