ZEC price jumps 20% in one day as Zcash devs unveil transition to Proof-of-Stake
Cointelegraph
Published Nov 20, 2021 09:22AM ET
Updated Nov 20, 2021 11:00AM ET
Zcash (ZEC) surged by nearly 20% in the past 24 hours, helped by the euphoria surrounding its core protocol's decisive transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS).
The ZEC price logged an intraday high at $188.80 on Binance after rising two days in a row by more than 27%. The cryptocurrency's move upside also wiped out a big portion of the losses it had faced earlier this week, in the wake of a downside retracement across the crypto market.
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Written By: Cointelegraph
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