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 …

Wedbush Report Projects $400 Bitcoin Price By 2016

admin Banking, Bitcoin, Bitcoin Bank, Investors, Micro Payments, Mining, Opinion 0 Comments

The price of bitcoin can be expected to rise to $400 over the next 12 months, according to a new report by Wedbush Securities. Authored by Gil Luria and Aaron Turner, the report begins with the goal of forecasting the future value of shares in the Bitcoin Investment Trust (GBTC), the first publicly traded bitcoin fund launched in March, ultimately concluding it will outperform its current $30.60 price to rise to $40 next year. In its calculations, however, Wedbush expands on its approach to valuing bitcoin based on its expected penetration of large target markets. The bitcoin payments network, it suggests, could end up powering 10% of online payments and 20% of global remittances by 2025 The report reads: “By aggregating the utilization of the various applications, we arrive at our $400 BTC price target, which translates to $40 per share of GBTC. This implies [roughly] $6bn market capitalization, which we would also describe an option on bitcoin supplanting some payment volumes from Visa, MasterCard, PayPal and Western Union, who combine for [less than] $300bn in market cap.” Wedbush indicated it sees bitcoin demand stemming from its increasing use in e-commerce payments, remittances and micropayments due to its ability to reduce costs …