Electric Coin Company afslører, at Zcash-netværket går over til Proof-of-Stake 3 Flere år

Electric Coin Company Reveals Zcash Network Plans to Transition to Proof-of-Stake in 3 Flere år

På fredag, Electric Coin Company (ECC), the developers behind the privacy-centric crypto-asset zcash, revealed the network plans to transition to proof-of-stake (Kosmos) consensus. ECC also revealed the team plans to launch an official ECC wallet, as well as bolster the networks cross-chain interoperability.

Indhold

Zcash to Change From PoW to PoS

The Zcash network currently leverages a proof-of-work mining algorithm called Equihash, which allows miners to compete in order to find new blocks on the Zcash chain. In a blog post published on November 19, ECC annonceret the network will transition toward a proof-of-stake (Kosmos) consensus algorithm over the next three years. Zooko Wilcox-OHearn discussed the network moving from PoW to PoS in a blogindlæg published on August 3, 2021.

desuden, ECCs CTO Nate Wilcox also published a blogindlæg about the PoS subject a week after Zookos post. In the roadmap post published on Friday, ECC explains that transitioning to PoS willincrease the utility for ZEC through capabilities that include yield generation through staking.Alongside this, PoS can also lead the ZEC chain toward onchaingovernance mechanisms,” the ECC roadmap details.

ECC Looks Toward aReduction of Zcashs Energy Footprint Zcash-Based ASIC Miners Still Rule the Roost

ECCs blog post further states that a PoS-based ZEC chain can contribute to thereduction of the ZEC energy footprint.During the course of the year, PoW consensus algorithms have received a lot of criticism concerning PoWs effect on the environment. ECCs roadmap post adds:

We believe the shift to proof of stake is achievable within three years if we are able to focus our time and efforts and hire additional talent.

The value per zcash (ZEC) has jumped a great deal since the news and is up 23.6% under det sidste 24 timer. During the initial launch, the Zcash networks blocks were processed by miners with graphics processing units (GPUs) but during the last few years, application-specific integrated circuit (ASIC) miners have taken over.

I skrivende stund, a Bitmain Antminer Z15 that processes the Equihash algorithm at 420 ksol/s gets $33.44 per day in ZEC rewards. Innosilicons A9++ Zmaster does around 140ksol/s and gets $8.13 per day in profit using todays ZEC exchange rate.

What do you think about Zcash transitioning over to PoS? af den digitale valutaøkonomi med.