ZenCash (ZEN), the 77th largest cryptocurrency with a market cap of $131 million, according to CoinMarketCap data, has gained over 20% for the last 24 hours. The price of the coin rose from around $25.5 on Tuesday to above $30 as at 14:00 UTC on Wednesday amid solid trading volume. The daily peak was hit at $32.45.
ZEN’s price and trading volumes started to increase already last week, as ZenCash announced on July 19 via Twitter that it had successfully upgraded Zen’s mandatory software. The newer version of the software has some enhancements in the code and updated the rewards to a new node class – Super Nodes.
https://twitter.com/zencashofficial/status/1019966618405916678
Previously, the ZenCash ecosystem had operated mostly with Secure Nodes, which allowed users to generate tokens by adjusting their computational power based on the secure node requirements, which touch upon process and memory of the computer, availability, TLS certificate, downloading the ZenCash blockchain, and having a certain amount of ZenCash coins. By making sure the blockchain members suit their nodes according to some minimal requirements, ZenCash aims to increase the security and resilience of the network.
To help make its system even more secure and fairly distributed, the team has added Super Nodes, a new type of blockchain nodes that have to meet more rigorous criteria. Some of the requirements refer to the RAM memory of no less than 8GB, 96% reliability, 500 ZEN tokens per Super Node address, multiple CPU cores, and at least 100GB storage capacity.
According to ZenCash, Super Nodes bring two important optimizations to the network:
- “They allow tracking and payment of Secure Nodes to be moved on-chain, or in protocol, which is a major change from the current management which is done via external server clusters.
- They provide the required infrastructure to implement Side Chaining which moves ZenCash from a pure cryptocurrency to an application ready platform upon which an unbounded set of services can be built.”
Now here is how the ZenCash ecosystem looks like with the Super Nodes:
Super Nodes operators can get an equal share of 10% of the block rewards. This event is probably the main driver behind ZenCash’s price growth.
Last month, popular adult entertainment site Pornhub announced that it would accept payments in ZenCash and Tron (TRX).
This article appeared first on Cryptovest
