mirror of https://github.com/zcash/zcash-blog.git
23 lines
3.1 KiB
Markdown
23 lines
3.1 KiB
Markdown
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ID: 1573
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post_title: Internet Money
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author: Zooko Wilcox
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post_excerpt: ""
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layout: post
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permalink: https://blog.z.cash/internet-money/
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published: true
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post_date: 2017-04-28 00:00:00
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---
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<p>Six months ago today <a class="reference external" href="/zcash-begins/">we launched</a> an ambitious attempt to create <em>Internet Money</em>. We dream of giving every human on earth free and equal access to a global, programmable financial system. Internet money is to government money as email is to national postal services.</p>
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<div class="figure align-center">
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<img alt="Sprout thriving" class="center-image" src="http://blog.z.cash/wp-content/uploads/2017/04/sprout-glow.png"/></div>
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<p>Today, exactly six months after launch, is the first day that the Zcash market cap reached $100M.</p>
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<div class="figure align-center">
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<img alt="Chart of Zcash market cap history and growth to 100 million USD" class="center-image high-res-image" src="http://blog.z.cash/wp-content/uploads/2017/04/100m-chart.png"/><p class="caption">The history of the Zcash market cap, from <a class="reference external" href="https://coinmarketcap.com/currencies/zcash/#charts">Coinmarketcap.com</a>.</p>
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</div>
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<p>We’re all extremely excited and proud of our baby blockchain for coming so far so fast.</p>
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<p>There are <a class="reference external" href="https://explorer.zcha.in/">currently 1.2 million Zcash coins (ZEC) in existence</a>. At the end of the fourth year of the blockchain (in the year 2020), there will be 10.5 million Zcash in existence. Eventually (many years from now) there will be 21 million total.</p>
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<p>During the first six months of Zcash, our development team has focused on ensuring the security and stability of the network, <a class="reference external" href="/tag/releases/">making improved stable releases of the software</a> and supporting third-parties who are building products and services on top of Zcash, such as <a class="reference external" href="https://www.zcashcommunity.com/wallets/">wallets</a> and <a class="reference external" href="https://www.zcashcommunity.com/markets/">exchanges</a>.</p>
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<p>Among the many third parties who are building on top of Zcash, a few have recently announced their progress, including <a class="reference external" href="/zcash-on-ios/">Jaxx deploying Zcash on Apple iPhones</a> and <a class="reference external" href="/zcash-in-brazil-and-south-africa/">CoinBR deploying Zcash to Brazil and South Africa</a>. Jaxx told us that they saw the rate of Zcash transactions by their users quadruple from February to March (the most recent month that they have statistics).</p>
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<p>We have big projects in the works, and so do many of our partners in the large and growing Zcash ecosystem. Stay tuned!</p>
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<p>And remember: even though we created Zcash, we do not own or control it. Humanity is too vast and diverse to accept our economy falling under anyone’s control. Zcash is a decentralized, open-source network that anyone on Earth can use, extend, or modify without needing the permission of anyone else. We started the Zcash project, but its future lies in your hands.</p>
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