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ZEC coin total issuance and online exchange introduction

ZEC's total issuance is capped at 21 million coins, and its minting rate gradually slows down to a steady level of 0.77 ZEC per block.

Oct 30, 2024 at 09:03 am

ZEC Coin: Total Issuance and Online Exchange Overview

Zcash (ZEC) is a privacy-focused cryptocurrency that allows for anonymous transactions. The total issuance of ZEC is limited to 21 million coins, similar to Bitcoin. Here is an overview of its total issuance and availability on online exchanges.

1. Total Issuance:

ZEC has a total issuance supply of 21 million coins, just like Bitcoin. This limit is hard-coded into the Zcash protocol and ensures that there will never be more than 21 million ZEC in existence.

2. Minting Rate:

The ZEC minting rate is designed to slow down over time. Initially, 1,000 ZEC was mined every block. However, this rate is gradually reduced until it reaches a steady level of 0.77 ZEC per block, which is expected to be reached in 2024.

3. Inflation Timeline:

ZEC has a built-in inflation rate that gradually decreases over time. The inflation rate is initially set at around 20% in the first year but decreases until it reaches 0% by 2037.

4. Online Exchanges:

ZEC is widely available on many reputable online exchanges for trading and purchasing. Here is a list of the top exchanges where you can buy or sell ZEC:

  • Binance
  • Coinbase Pro
  • Kraken
  • Bittrex
  • KuCoin
  • Bitstamp

5. Market Capitalization:

As of [insert date], the market capitalization of ZEC is approximately [insert amount]. ZEC is currently ranked [insert rank] among all cryptocurrencies in terms of market capitalization.

6. Other Notes:

  • ZEC's privacy features are based on the use of zero-knowledge proofs, which allow users to verify transactions without revealing their identities.
  • ZEC has the potential to be used for a wide range of applications, such as private payments, anonymity-focused messaging, and decentralized exchange.
  • The ZEC network has experienced several upgrades and improvements since its launch in 2016, enhancing its features, security, and transaction speed.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

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