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TürkçeArbitrum Bridged WBTC (Arbitrum One) VS Zcash
VS
Arbitrum Bridged WBTC (Arbitrum One)
Arbitrum Bridged WBTC on the Arbitrum One network brings the liquidity of Bitcoin to the layer-2 scaling solution, enhancing the speed and efficiency of transactions. This bridging process allows users to access Bitcoin's value while leveraging Arbitrum's lower gas fees and quicker settlement times. By integrating Wrapped Bitcoin into the Arbitrum ecosystem, it opens up new possibilities for decentralized finance applications seeking to capitalize on Bitcoin's market dominance.
more informationZcash
Zcash is a privacy-focused cryptocurrency designed to provide enhanced security and confidentiality for its users. Unlike many other cryptocurrencies, Zcash uses advanced cryptographic techniques to allow transactions that shield the sender, recipient, and transaction amount. This emphasis on privacy makes it a popular choice for those prioritizing anonymity in their financial dealings.
more information
Arbitrum Bridged WBTC (Arbitrum One)
Zcash
General Information |
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Title
Arbitrum Bridged WBTC (Arbitrum One)
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Title
Zcash
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Symbol
wbtc
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Symbol
zec
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Whitepaper
-
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Whitepaper
-
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Website
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Website
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Community
-
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Community
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Last Updated
2025-03-13 23:59
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Last Updated
2025-03-13 23:58
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Price Data |
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Current Price $
80948
$
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Current Price $
30.93
$
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High 24h
83965
$
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High 24h
31.22
$
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Low 24h
79779
$
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Low 24h
29.91
$
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Price Change 24h
-2352.9935156794
$
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Price Change 24h
0.58726
$
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Price Change % 24h
-2.8247
%
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Price Change % 24h
1.93518
%
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Market Data |
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Market Cap
656197110
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Market Cap
493191647
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Total Volume
120697707
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Total Volume
62697815
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Market Cap Change 24h
-21981260.593108
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Market Cap Change 24h
7842762
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Market Cap Change % 24h
-3.24122
%
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Market Cap Change % 24h
1.6159
%
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Return on Investment (ROI)
-
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
8112.31199547
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Circulating Supply
15947551.728045
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Total Supply
8112.31199547
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Total Supply
15947551.728045
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Max Supply
-
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Max Supply
21000000
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Historical Data |
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All Time High (ATH)
108397
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All Time High (ATH)
3191.93
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ATH Change %
-25.34272
%
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ATH Change %
-99.03069
%
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ATH Date
2025-01-20 09:11
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ATH Date
2016-10-29 00:00
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All Time Low (ATL)
49594
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All Time Low (ATL)
16.08
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ATL Change %
63.17721
%
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ATL Change %
92.40991
%
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ATL Date
2024-08-05 13:30
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ATL Date
2024-07-05 04:22
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Arbitrum Bridged WBTC (Arbitrum One)
Introduction to Arbitrum Bridged WBTC (Arbitrum One)
Arbitrum Bridged WBTC (Arbitrum One) is the wrapped Bitcoin (WBTC) adapted for the Arbitrum blockchain. It provides users with the opportunity to utilize Bitcoin's value on the Ethereum-compatible Arbitrum network. This enables transactions with faster processing times and lower fees compared to the traditional Bitcoin network.
Understanding the Mechanism Behind WBTC
WBTC is an ERC-20 token backed 1:1 by Bitcoin. Through a process involving custodians and merchants, Bitcoin can be converted to WBTC, facilitating its integration into the Ethereum and Arbitrum ecosystems. This bridging expands the utility of Bitcoin by allowing it to participate in decentralized finance (DeFi) platforms and other decentralized applications (dApps).
Advantages of Arbitrum Bridged WBTC
The primary advantage of utilizing Arbitrum Bridged WBTC is its ability to bring Bitcoin liquidity to the Arbitrum network, enabling enhanced transaction speed and reduced gas fees. In addition, it offers increased interoperability by allowing Bitcoin assets to participate in Ethereum-based DeFi protocols without requiring users to liquidate their Bitcoin holdings.
Drawbacks and Considerations
Despite these benefits, there are notable risks and limitations associated with Arbitrum Bridged WBTC. Users are required to trust third-party custodians to manage the Bitcoin reserves backing the WBTC, which introduces counterparty risk. Moreover, the bridging process and its dependence on smart contracts can expose users to potential security vulnerabilities.
Historical Performance and Market Dynamics
Since its inception, Arbitrum Bridged WBTC has generally mirrored Bitcoin’s market trends, demonstrating high market cap volatility and price fluctuations. Recently, it reached an all-time high of $69,437 on October 21, 2024, but has since experienced a slight decrease in value. Its ability to maintain a substantial market capitalization indicates a strong position within the crypto space, buoyed by consistent demand for WBTC in DeFi applications.
Future Prospects
The future outlook for Arbitrum Bridged WBTC remains promising, particularly as interest in layer-2 solutions grows and the DeFi sector expands. The continued development of the Arbitrum ecosystem and its scaling solutions may bolster the utility and adoption of WBTC. However, users should remain mindful of the inherent risks linked to bridging and wrapped tokens as crypto regulations evolve.
As of the latest updates, Arbitrum Bridged WBTC trades at around $67,030, demonstrating resilience despite recent market corrections. Moving forward, its role in providing Bitcoin liquidity coupled with the growing adoption of layer-2 solutions on Ethereum could solidify its position as a crucial asset within decentralized finance. The key to its persistent success lies in maintaining robust security measures and fostering trust among its user base.
Zcash
Understanding Zcash: An Innovative Privacy Coin
Zcash (ZEC) is a cryptocurrency that prioritizes privacy and security. Launched in 2016, Zcash emerged as a prominent contender in the crypto market, offering enhanced anonymity features that differentiate it from many other digital coins. As a fork of Bitcoin, Zcash employs a similar framework while integrating advanced cryptographic mechanisms for transaction privacy.
The Technology Behind Zcash
At the core of Zcash's privacy technology is the use of 'zk-SNARKs', or Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge. This cryptographic breakthrough allows Zcash transactions to be fully shielded, meaning that transaction details such as sender, receiver, and amount can be hidden from the blockchain while still being verified. This contrasts with Bitcoin and most other cryptocurrencies, where transaction information is publicly visible.
Advantages of Zcash
One of the significant advantages of Zcash is its ability to provide users with privacy and fungibility. Unlike Bitcoin, where transaction history can influence the perceived value of individual coins, Zcash's GDPR-compliant privacy ensures that each coin is indistinguishable from another. This feature is particularly appealing for users who value financial privacy or operate in industries that require confidentiality.
Challenges and Disadvantages
However, Zcash is not without its challenges. The complexity of its privacy technology can make it less accessible to the average user. Moreover, regulatory scrutiny poses a risk as privacy coins, in general, can be subject to restrictions due to their potential use in illicit activities. Despite these concerns, Zcash continues to thrive due to its strong commitment to privacy.
Historical Price Performance
Historically, Zcash has experienced significant volatility. It reached an all-time high of $3,191.93 shortly after its launch in October 2016. However, like many cryptocurrencies, it has since seen a substantial decrease, now valued around $37.17. Its price trajectory reflects broader market trends and the cyclic nature of cryptocurrency valuations, which often experience dramatic booms and busts.
Future Outlook for Zcash
Looking to the future, Zcash's prospects depend on several factors. Continued focus on enhancing privacy features could strengthen its position as a leader among privacy-focused cryptocurrencies. Additionally, increasing general adoption and use cases for privacy coins may provide upward momentum. However, regulatory developments and market competition will undoubtedly play critical roles in shaping its long-term success.
Overall, while Zcash faces certain challenges, its technological advancements and dedication to privacy set it apart in an increasingly crowded crypto landscape. As the need for privacy in digital transactions grows, Zcash's unique features may become increasingly relevant, positioning it as a mainstay option for privacy-conscious users.