#Zcash & #zcash vs #bitcoin

CEO of Digital Currency Group buys an additional 85 million USD worth of Zcash (ZEC), further boosting the momentum for the 'revival' of the project

+ Whale Silbert may be buying ZEC with the expectation that the project's token will be depleted due to staking functionality and long lock-up periods, resulting in a reduced circulating supply of ZEC in the market, gradually decreasing sell pressure, thus creating stronger price growth momentum. Note that Zcash will undergo the transition from Proof-of-Work to Proof-of-Stake within the next 3 years.

+ At the same time, the main developer of Zcash, Electric Coin Company, states that users can stake a portion of their holdings into a ZEC smart contract to become verifiers on the ZEC blockchain. A fascinating move to limit sales from traditional miners to cover their mining equipment costs. It also aims to achieve 'green' energy use in mining activities.

+ Digital Currency Group is the parent company of the largest cryptocurrency investment fund in the world, Grayscale, with total assets under management (AUM) valued at 53.5 billion USD, providing investors with exposure to crypto through its trust funds. Grayscale Zcash Trust currently has AUM equivalent to approximately 79.5 million USD.