Binance Adds ZenСash, the Coin Gains 20% in Value

Binance has just listed ZenCash (ZEN) as the exchange’s 127th coin. The newly added digital asset puts special emphasis on privacy. ZenCash (ZEN) was created as a fork of ZCash and possesses smaller market cap than its predecessor. ZenCash uses zero-knowledge proofs as a way to secure transactions, which is incompatible with ZCash blockchain.

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Much like ZCash, ZenCash hides transactional amounts from public access, which is typical of privacy coins. Some experts point out that the ZenCash is a more advanced version of this privacy-centred technology, mainly because the developers are constantly busy developing the project.

After the news of listing broke out, the value of the privacy coin skyrocketed to $42, a staggering 20% gain, within minutes. The trading volumes rose from 3 million to 8 million.

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