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

Missed the AAVE Bullish Ride? This New Presale Can Turn Your Thousands into Millions

While Aave finds itself in uncertain territory, a fresh face in the crypto scene, Qubetics…

41 mins ago

Dogecoin Price Forecast: Analysts Push For $0.2288 DOGE While This Ethereum Altcoin Eyes 8,000% Gains In The Next 16 Days

Analysts push for a Dogecoin price surge to its $0.2288 yearly high while ETFSwap (ETFS)…

56 mins ago

Below $1 Swift Altcoin Competitor Could Overshadow XRP Price Potential Election Rally 

Discover the promising altcoin under $1 that may outperform XRP amid election volatility and market…

56 mins ago

Polkadot and SP Negócios Collaborate to Enhance Crypto Economy Development

Campinas, Brazil, 5th November 2024, Chainwire

2 hours ago

Terra Shuttle Bridge Has Now Been Disabled

Terra Shuttle Bridge has now been closed, and all remaining LUNC and USTC tokens have…

3 hours ago

FLOKI Announces Dubai Takeover with WAFI Mall Campaign

Miami, Florida, 5th November 2024, Chainwire

4 hours ago

This website uses cookies.