Daily News | Online News
Frederick Munawa is a Technology Reporter for Coindesk. He covers blockchain protocols with a specific focus on bitcoin and bitcoin-adjacent networks.
The Zcash (ZEC) blockchain is experiencing a sudden increase in size due to higher transaction volumes, prompting concerns of a potential spam attack.
Jameson Lopp, co-founder and CTO of bitcoin storage company Casa, claims the Zcash blockchain has tripled in size to over 100GB in a matter of months.
The Electric Coin Company (ECC), the organization behind Zcash, issued a statement on Twitter addressing the concerns and assured users that Zcash was functioning normally.
“The vast majority of Zcash users are unaffected by the increased size of the blockchain, but users of shielded wallets are reporting slower than normal sync times due to a high volume of transactions with a high number of outputs. While Zcash is functioning as designed, the ECC engineering team is focused on improving performance,” the statement read.
The price of ZEC is holding steady, trading at $55.29 at the time of publication.
Sign up for Market Wrap, our daily newsletter explaining what happened today in crypto markets – and why.
By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our terms of services and privacy policy.
DISCLOSURE
Please note that our
privacy policy,
terms of use,
cookies,
and
do not sell my personal information
has been updated
.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
strict set of editorial policies.
CoinDesk is an independent operating subsidiary of
Digital Currency Group,
which invests in
cryptocurrencies
and blockchain
startups.
As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of
stock appreciation rights,
which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG
.
Frederick Munawa is a Technology Reporter for Coindesk. He covers blockchain protocols with a specific focus on bitcoin and bitcoin-adjacent networks.
Frederick Munawa is a Technology Reporter for Coindesk. He covers blockchain protocols with a specific focus on bitcoin and bitcoin-adjacent networks.
0 Comments :
Post a Comment