Company CEO zcash for Zuko Wilcox acknowledged that it focused on the privacy of users of the cryptocurrency have an extremely high rate of inflation, and drew attention to possible changes in the consensus algorithm, which may be taken if approved by the community.

He wrote about this in a series of recent tweets, noting that the problem of high inflation is becoming more relevant, because at current prices, a daily issue of new coins zcash for in dollar terms, exceed $400 000.

As expected, the github thread about radically revamping zcash for mining is heating up. https://t.co/vUoILxwQX0 It’s important, because at today’s prices there is more than $400K/day of zcash for new issuance: https://t.co/D7imLPsfse pic.twitter.com/tThFy53LRF

— zooko (@zooko) January 2, 2019

Zuko Wilcox cites analytical resource Messari, according to which at the current issue prices and the daily inflation rate is 0.11%. For comparison, the bitcoin, the figure is about 0.01%, about twice the size he is Ethereum.

In this regard, Wilcox mentioned the thread on GitHub where there is an ongoing discussion about Harmony Mining – the proposed change in the algorithm Proof-of-Work that can be implemented in a future upgrade zcash for called Blossom. Harmony is the essence of Mining is to change the consensus mechanism zcash for the dual algorithms, one of which will be backward compatible with the current ASIC mining, and the second will be temporarily focused on graphics accelerators.

As explained, this scheme allows to distribute the issue and the political influence on a wider range of participants and will reduce the rate of inflation. One proposal is to limit daily emissions to $21 658 at current prices, however, consensus on how to build a mechanism of issue zcash for at the moment.

Zuko Wilcox also refers to the description of the upgrade Blossom – the next important stage in the development of zcash for. Its activation is scheduled for October of this year.

Here’s the process for the zcash for Blossom upgrade: https://t.co/336xI7qhzt

— zooko (@zooko) January 2, 2019

The previous major upgrade of the network zcash for called Sapling took place at the end of October 2018.

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