$ZEC
Today I brushed up on my knowledge of privacy coins
So is zero-knowledge proof the core of privacy coin technology?
It's like transactions on the blockchain
A zero-knowledge proof gives you something like a receipt
But the content of the receipt is not public
It aims to prove the legality and authenticity of this transaction
zk-SNARKs is one of the types of this proof technology
It is necessary for the circulation of cryptocurrency
However, zec is not an absolute monopoly
There are several other similar technologies that can be applied to the crypto market
Additionally, from a mining perspective, if zec rises
Will the number of miners increase?
This wave of ZEC's explosion
Is related to the transfer of funds during the 1011 bear market
And also related to the high electricity costs this year
I see that most are using Antminer Z11 for mining
This cost is actually not small
So the decrease in miner supply is also a reason for ZEC's surge
I checked, and mainstream exchanges actually use the ZK's snarks technology
However, this technology also has flaws that have not been resolved, such as hacker vulnerabilities
From a personal perspective, the choice of funds is always accompanied by certain logic
This is also why ZEC is not purely a pump-and-dump coin
So this rise is a consensus-driven rise
Not a mindless spike
However, the recent surge has greatly deviated from technical indicators
With the recent rebound of mainstream coins like ETH and BTC
Some funds should flow out of ZEC, causing high-level sideways fluctuations
Contract players must pay attention to position management
Prevent risks and hope everyone makes a fortune!!
