Bitcoin and Zcash: How Do They Compare?

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Alex Sunnarborg is the founder of Lawnmower, a blockchain investing and market data platform founded in 2015. In this opinion piece, Sunnarborg compares bitcoin’s attributes with those of the newly launched cryptocurrency Zcash, providing an overview of how he considers the market potential of each . With the launch of Zcash today (and the speculation surrounding it) you may be wondering how the decentralized, open-source cryptocurrency compares to bitcoin, the original digital currency. While many structural similarities to Satoshi Nakamoto’s bitcoin design are obvious, Zcash utilizes advanced new cryptographic techniques to offer optional improved privacy and transparency, as well as its own unique blockchain. But, despite the differences, there is common ground. Zcash’s supply model is extremely similar to bitcoin’s, with a fixed and known issuance model that is cut in half approximately every four years. As well, there is a maximum of 21m units of both Zcash (ZEC) and bitcoin (BTC) which will be mined over time. Given these similarities, it’s easy to see why the price and market caps of the two assets are often compared. Cautious start Nearly eight years after bitcoin’s genesis block was formed, more than 15.75m BTC have already been mined (representing over 75% of the supply that will ever exist on its blockchain). Zcash’s developers …

P2P Bitcoin Lending Platform Review – BTCpop Review

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QUICK TAKE BTCpop offers the best default protection in the market – insurance up to 50% of the loan, a borrower’s collateral mechanism, and partnership with an international debt collection agency.   Acquisition of Ardeva allows the outsourcing (insourcing?) of account verification, which is thoroughly done, while protecting borrower privacy. Internal flotation of shares allows for collateralization of debt APRs are very high for borrowers, which discourages the most quality profiles from using the platform. Third higest loan volume in the market and growing. Try BTC-POP Today Summary BTCpop has hit the bitcoin lending ground running, introducing a number of novel concepts that will must likely become standard in the wider market.  Debt collateral, which had not made an appearance in the p2p bitcoin lending, is introduced utilizing a clever method of crowdfunding directly through the btcpop platform.  And despite some of their previous controversies, the acquistion of Ardeva, a company that has been solely focused on account verifications, lends more professional airs to the process, though it does also make it a bit more intensive.  We are also fond of the loan insurance concept, but its current form – in which this is a small premium added as a …

VC Firm Block26 Makes First Bitcoin Bet on Airbitz Wallet

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Los Angeles-based venture capital firm Block26 has completed its first investment, contributing $450,000 to the ongoing seed round for bitcoin wallet provider Airbitz. Launched in June, Block26 has indicated it plans to focus specifically on blockchain and digital currency ventures, contributing to seed to later-stage rounds. Calling the funding the company’s “first big announcement”, Block26 principal Ni’coel Stark indicated that Airbitz is representative of the kind of companies in which her new venture firm is looking to invest. Stark told CoinDesk: “We’re really looking for nuances in the technology. Airbitz is an amazing wallet, it solves problems for consumers, but it’s so much more than that. We see opportunities beyond the wallet, the ability that they have to go into security, their contributions to the Internet of Things, altogether they really make them fascinating.” She went on to call Airbitz “underrated” compared to its competition due to its team’s ability to contribute to areas of the technology beyond simply creating quality mobile bitcoin wallets. “Block26 is attracted to what’s under the surface,” she added. Going forward, Stark indicated that Block26 intends to “innovate along with the space”, and that it plans to focus on a smaller selection of high-quality startups. …

Circle Internet Financial Raises $50 Million With Goldman Sachs Support

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Bitcoin financial services startup Circle Internet Financial has closed a $50m funding round. The Boston-based company drew support from  and China-based IDG Capital Partners, as well as all of Circle’s pool of existing investors, including Breyer Capital, General Catalyst Partners, and Accel Partners. Tom Jessop, managing director at Goldman Sachs’ Principal Strategic Investments Group, said the bank recognizes the need to invest in companies that “have the promise to transform global markets through technical innovation.” Jessop added: “We think that Circle’s product vision and exceptional management team present a compelling opportunity in the digital payments space.” Quan Zhou, managing director of IDG Capital Partners and Circle board member, said that China in particular, will be a major focus for the company as it looks to further internationalize its services. “We are very excited about our investment and look forward to helping launch the company in the Chinese market where consumer adoption of innovative digital payment products is growing at a tremendous rate,” he said. Circle has also announced the launch of new account features that enable customers to hold, send and receive US dollars. Those funds, according to the company, will be insured by the Federal Deposit Insurance Corporation. The news follows reports from earlier this week that Circle was …

Did Bitcoin Create more Jobs than the US Federal Government Did in 2014?

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Introduction: Ever since Bitcoin’s Genesis Block was mined back in 2009, Bitcoin has been growing exponentially to the extent that its value increased from less than one cent to $1124.76 in November, 2013. Claimed to be the best financial innovation throughout the last 500 years, bitcoin is continuously macadamizing the path for creation of unique business ideas, projects and startups that can conceive thousands of jobs and opportunities for bitcoin enthusiasts all over the world. Bitcoin – A Whole New World: Although Bitcoin had been around since 2009, it only gained considerable attention in late 2010 following the release of the WikiLeaks by Julian Assange who faced an organized financial blockade by the US Federal government as Paypal, Bank of America, Western Union, Mastercard and Visa refrained from transmitting donations to WikiLeaks. Accordingly, Assange started accepting donations via Bitcoin which boosted its price during the early months of 2011. Furthermore, the launch of Silk Road, an online market for illicit drugs that only accepted bitcoin for payments, early in 2011 was responsible for another bitcoin bullish rally during that period which pushed the price up to $31.91 as of the 8th of June, 2011. Not only computer geeks and hackers …

Billionaire Investor Reid Hoffman Is Betting Big on Bitcoin

Why Billionaire Investor Reid Hoffman Is Betting Big on Bitcoin

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Reid Hoffman has an expert eye for promising tech startups. The LinkedIn chairman and co-founder’s early stakes in Facebook, Airbnb and Dropbox prove he’s able to see the next big thing before most of us even know what it is — and it’s paid off for him time and again. These days, the so-called “startup whisperer” is placing his bets on Bitcoin. As a full-time partner at venture capital firm Greylock Partners, he claims his primary focus is to invest in “world-class entrepreneurs with new categories of ideas with the possibility of massive scale.” One of those entrepreneurs is Wences Casares, co-founder of Xapo, an ambitious, Palo Alto, Calif.-based Bitcoin wallet and storage startup. With Hoffman leading the charge, Greylock invested $20 million in Xapo last year. “Bitcoin has the potential to be a massively disruptive technology,” Hoffman wrote in a post announcing the investment last July. “It is the leading digital currency and it’s growing fast.”   Then, in November — a month before Bloomberg declared Bitcoin the worst-performing currency of 2014 — he announced a hefty personal stake in Bitcoin that he brokered, a $21 million investment intoBlockstream. The Montreal-based startup aims to improve upon Bitcoin’s blockchain backbone, …