Reading: Altcoin Report: Zcash Expands its Reach

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Altcoin Report: Zcash Expands its Reach

Nick Marinoff | Nov 08, 2016 | 12:00

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Altcoin Report: Zcash Expands its Reach

Nick Marinoff | Nov 08, 2016 | 12:00


ShapeShift.io integrates Zcash, a “time-based” cryptocurrency looks to change the labor market, and Wall of Coins is assimilating Dash support. Want to catch up on your latest altcoin news? Read the stories below.

Also read: Altcoin Report: Zcash ‘Bug’ Diminshes Privacy

ZCASH

ShapeShift.io has integrated Zcash into its exchange platform, giving customers newfound access to Zcash trading and selling. ShapeShift’s CEO and founder Erik Voorhees expressed enthusiasm over the move, stating:

“Zcash finally fulfills an early promise of bitcoin technology – the ability to transact freely and privately with anyone in the world. This protects the right to privacy held by all individuals on Earth, and opens up new commercial use cases which were impossible without truly confidential transactions.”

zcash

Despite its claim-to-fame as a completely anonymous currency, Zcash recently encountered a software bug that provides a window of transparency and disallows (for the time being) completely anonymous trading. Developers are currently working to fix the problem. ShapeShift is also offering a Linux-based, command-line tool to anyone who wishes to purchase Zcash, and community-hosted and pre-established wallets should be available soon.

CHRONOBANK

Blockchain project ChronoBank.io has announced a December crowdfunding campaign to create an “alternative labor economy based on time-based cryptocurrency.” The purpose is to create labor-hour tokens and a decentralized market where people can sell labor time.

ChronoBank CEO Alexander Rugaev believes the project will revolutionize how people look for work. He states:

“We know we can change things with blockchain technology. We want to make short-term recruitments as profitable and prestigious as long-term recruitments. One of our founders is Edway Group Ltd., one the largest labor-hire companies in Australia, so we know exactly what the market needs and how to achieve it.”

WALL OF COINS

Cryptocurrency exchange Wall of Coins has recently announced that it will implement support for Dash. The integration is being funded by Dash itself in a move to become simpler and more accessible to mainstream audiences.

CEO of Genitrust (the company that owns Wall of Coins) Robert Genito said with an air of joy:

“It is refreshing to see a digital currency that is doing something different and useful to build its ecosystem. Unlike other mainstream digital currencies, including Bitcoin, Dash’s block rewards also pay developers, businesses, contractors, marketing teams, and anyone on the planet that has the interest to expand and develop the Dash universe. All of us with Wall of Coins are wildly excited!”

Know of any altcoins that deserve to be mentioned in our regular reports? Post your comments below.


Images courtesy of Pixabay, Zcash.


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