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Big move alert! The privacy-coin spotlight is back on as Zcash (ZEC) surges past its 2021 peak, riding a wave of fresh trader enthusiasm around privacy and upcoming protocol shifts. 📈 The rally is being powered by more than just momentum — an upcoming halving event, heightened regulatory focus on data and surveillance, plus the revival of the “privacy” narrative in crypto all combine to stoke the flames. Blockchair+2Binance+2
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Here are the highlights:
Zcash has broken above its 2021 high, reflecting renewed interest in privacy-first digital assets. One key catalyst: the upcoming halving event which will reduce miner block rewards and may impact supply dynamics.
The broader theme: as data-privacy concerns mount worldwide, coins like ZEC may benefit from being in the right narrative at the right time. Important caution: While the momentum is strong, it’s largely driven by speculation rather than a surge in fundamentals. Be mindful.
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To construct the coinbase transaction, Jing’s node first calculates the total amount of transaction fees by adding all the inputs and outputs of the 418 transactions that were added to the block. The fees are calculated as: Total Fees = Sum(Inputs) - Sum(Outputs) In block 277,316, the total transaction fees are 0.09094928 bitcoin. Next, Jing’s node calculates the correct reward for the new block. The reward is calcu‐ lated based on the block height, starting at 50 bitcoin per block and reduced by half every 210,000 blocks. Because this block is at height 277,316, the correct reward is 25 bitcoin. The calculation can be seen in function GetBlockSubsidy in the Bitcoin Core client, as shown in Example 10-5. The initial subsidy is calculated in satoshis by multiplying 50 with the COIN constant (100,000,000 satoshis). This sets the initial reward (nSubsidy) at 5 billion satoshis. Next, the function calculates the number of halvings that have occurred by dividing the current block height by the halving interval (SubsidyHalvingInterval). In the case of block 277,316, with a halving interval every 210,000 blocks, the result is 1 halving. The maximum number of halvings allowed is 64, so the code imposes a zero reward (returns only the fees) if the 64 halvings is exceeded. Next, the function uses the binary-right-shift operator to divide the reward (nSub sidy) by two for each round of halving. In the case of block 277,316, this would binary-right-shift the reward of 5 billion satoshis once (one halving) and result in 2.5 billion satoshis, or 25 bitcoins. The binary-right-shift operator is used because it is more efficient than multiple repeated divisions. To avoid a potential bug, the shift operation is skipped after 63 halvings, and the subsidy is set to 0. Finally, the coinbase reward (nSubsidy) is added to the transaction fees (nFees), and the sum is returned.
If Jing’s mining node writes the coinbase transaction, what stops Jing from “rewarding” himself 100 or 1000 bitcoin?
PIVX stands for Private Instant Verified Transaction. 💠 It’s a cryptocurrency that focuses on privacy, security, and speed. Here’s a quick overview: 🔹 Full Name: Private Instant Verified Transaction 🔹 Ticker Symbol: PIVX 🔹 Launch Year: 2016 🔹 Type: Proof-of-Stake (PoS) cryptocurrency 🔹 Main Features: 🕵️♂️ Privacy: Uses advanced cryptographic tech (like zk-SNARKs) to hide transaction details. ⚡ Instant Transactions: Fast and low-fee transfers. 🔒 Decentralized: No central authority; community-governed. 🌱 Eco-friendly: PoS system uses much less energy than Proof-of-Work coins like Bitcoin. 💰 Goal: To be a private, fast, and community-driven digital currency for everyday use.
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