Zcash, Monero and the Bitcoin Cash Fork

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As the month draws to a close and it’s time to take stock, let’s take a look at the rise and fall of some of the most interesting crypto assets such as Bitcoin Cash, a fork of Bitcoin, Monero and Zcash.

Analysis of Zcash, Monero and Bitcoin Cash crypto assets

January was a golden month for many cryptocurrencies, but while the early days hinted at a miracle with an all-green picture and in some cases 50% recoveries, last week there are those who slowed down and those who even changed course. .

Let’s take a closer look at some crypto assets such as Monero, Zcash, and Bitcoin Cash.

Zcash (ZEC)

The crypto that was founded by Zooko Wilcox is dual currency in the sense that it offers two different types of addresses.

Transparent addresses are visible on the blockchain while Zcash is a cryptocurrency that offers two types of addresses: transparent addresses that are publicly visible on the blockchain and private addresses that are not.

Zcash is disbursing 20% ​​of mining revenue (proof of work) to fund three branches of the project.

8% of the above 20% went to Zcash Community Grant, 7% to support Electric Coin Company and 5% to support Zcash Foundation.

As mentioned in the introduction, this week some cryptocurrencies pulled the brakes and among them is Zcash which lost 6.33%.

Today, the token loses another 6.54% compared to yesterday and sits at 40.94.

To date, 16,250,231.25 ZEC are in circulation.

Monero (XMR)

Monero, as happened to Zcash, is also slowing down, the price is at 169,120, down 1%.

The trading volume is 83,412,264, 25th in market capitalization with 3,058,243,118.

The token is fifth in performance among the thirty most capitalized crypto assets, but in 2022 it saw a loss of a quarter in value, so 2023 had brought a welcome breath of fresh air to investors.

Last year, Monero had just as well started and held for quite a while before beginning a long decline just after spring.

In a short time, Monero managed to leave more than half of its market value on the ground (two months).

Volatility throughout the latter part of last year was the undisputed star and also permeated Monero.

In the later part of the year, the token regained ground, losing a total of only (so to speak) 23.3%.

Monero aims to ensure the confidentiality of the sender and receiver of the value to or from the funds.

Bitcoin Money (BCH)

Bitcoin Cash is one of the many “forks” of Bitcoin and it happened on August 1, 2017, which resulted in an increase in transaction capacity to be more functional in day-to-day trading.

This new version manages to integrate transactions more efficiently by being able to process more of them at the same time in order to speed up the process.

Bitcoin Cash is much more scalable since the Blocks on the Chain are bigger (from 1MB BTC to 8MB), they can hold more transactions executed per day and therefore make everything faster.

According to some critics, larger block sizes will lead to the centralization of Bitcoin Cash creation, as larger blocks require more advanced hardware that is not available to everyone.

By doing so, according to these critics, fewer miners can afford to mine and the activity will be concentrated in fewer and fewer hands.

Meanwhile, Bitcoin Cash price fell 2.41% last week and yesterday another 3.36%, taking it to 120.75 per BCH with 19,298,000 in circulation.

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