Blockchain

Zcash Still Doing Great, Electric Coin Company (ECC) Says

Although Zcash is experiencing a spam attack, according to the organization behind it, Electric Coin Company (ECC) says the network is still working very well and will solve the obstacles for users.

As was updated in an earlier Coincu News article, since June or July, Zcash has been suffering from a spam attack in which attackers have been submitting massive transactions that quickly fill up block space.

The blockchain is experiencing a sudden increase in size due to higher transaction volumes reaching 100 GB, raising concerns about a potential spam attack.

The Electric Coin Company (ECC), the organization behind Zcash, has released a statement that will address concerns and assure users that Zcash is functioning properly.

The vast majority of Zcash users are unaffected by the vast increased size of the blockchain, but users of shielded wallets are reporting slower than normal sync times due to a high volume transactions with a high number of outputs.

The ECC team is updating the community on their contribution to improving performance and will continue to communicate with the community.

24h ZEC price chart. Source: Coincu.com

Currently ZEC token is trading at 55.1$, down 2,81% in the last 24 hours.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Foxy

CoinCu News

Victor

Recent Posts

Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6

Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…

55 minutes ago

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

2 hours ago

Which Crypto Will Explode in the 2024-2025 Bull Run?

With the crypto market reaching new peaks, many are eager to discover digital currencies poised…

3 hours ago

Dogecoin and Shiba Inu Approach $1, but All Eyes Are on XYZVerse’s Push to $10!

XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…

3 hours ago

Will Bitcoin Crash or Soar Past $105K in 2024?

Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…

4 hours ago

The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!

There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…

4 hours ago

This website uses cookies.