ZenCash Introduces Super Nodes, Pushing ZEN Quotes North

News
Wed, 07/25/2018 - 16:17
Yuri Molchan
The coin’s price spikes due to Super Nodes launch
ZenCash Introduces Super Nodes, Pushing ZEN Quotes North
Cover image via U.Today

ZenCash (ZEN) occupies 77th position on the top 100-coin list, showing a market capitalization slightly over $131 mln. Over the last 20 hours its price has jumped over 20 percent from $25.5 to $30.05 at the moment of writing. It happened around 14.00 UTC. The peak reached on 25.07 totalled $32.45.

Going up

The coin’s growth began last week after the platform published the news about the launch of Super Nodes in social media.

Background

Before that, the coin’s ecosystem used mainly Secure Nodes. Those enabled users to mint coins through changing their computation power on the basis of the characteristics required by the secure code. Those include the computer’s memory, having a necessary amount of ZEN and others.

card

The company intends to improve the reliability of the ZenCash system by ensuring that the network members can ensure meeting the minimal system requirements.

New requirements

To run the Super Nodes, users will have to meet harder criteria, which, among others, include a larger RAM memory (eight GB minimum), 96 percent reliability, 100GB storage capacity, 500 ZEN coins per address, etc.

Among other things, the Super Nodes allow ZenCash to introduce Side Chaining, thus moving the Blockchain from the state of a simple digital token to a platform which can serve as a basis for creating other services.

Users operating the Super Nodes are entitled to 10 percent of rewards for the generation of one block. This factor could have triggered the sudden rise of the ZEN rate.

card

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.