If you are a Bitcoin enthusiast, you will want to check out this article. This article is for those of you who are not excited about some of the new developments that have occurred in Bitcoin and Cryptocurrency in general.
One example of where Bitcoin/Crypto has grown beyond its original scope is with the recent announcement that zcash is now considered a cryptocurrency. Bitcoin is simply a system that works with a currency. However, zcash is a cryptographically secure (or “proof-of-work”) solution that allows everyone to send and receive money without the need for a central bank. This makes it very useful for those who are not familiar with Bitcoin and it’s history.
If you want a detailed discussion of Bitcoin’s history, you should read the book Bitcoin History.org.
zcash was only recently added to the list of cryptocurrencies for the US government’s purposes, and you might not think that means it is no longer a cryptocurrency. However, zcash is still quite a young technology. Although it is not technically considered a currency, the developers of zcash say that it fits into the definition of a cryptocurrency due to its proof-of-work consensus-based system.