Is Zcash The Next Bitcoin? Investors Rush Into The Privacy Coin Narrative
Arthur Hayes has a new favorite coin — and it is not Bitcoin. The veteran crypto investor recently revealed that Zcash has become one of his largest crypto holdings outside of Bitcoin, a disclosure that has drawn fresh attention to a cryptocurrency that many had written off. Related Reading: Bitcoin Faces Major Test As 37% Recovery Collides With Bear Resistance Hayes said that as artificial intelligence, governments, and major tech firms gain more capacity to analyze public blockchain data, the demand for financial privacy will rise. Zcash, according to him, is designed for exactly that.....
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Per a Forbes exclusive, activist Edward Snowden revealed his participation in a ceremony that led to the creation of the privacy coin Zcash. Developed by the Electric Coin Company (ECC), the privacy coin was deployed in 2016 in a secret ceremony with the aid of 6 individuals. Related Reading | New York Prosecutors Present Clear Legal […]
Zcash has been giving investors some relatively mixed signals, making crypto-enthusiasts a little unsure of where they stand. Following the digital currency’s recent launch, trading on Poloniex shot to explosive records, and the price of Zcash reached approximately $2 million per coin, an incredible improvement over the mere $1,000 investors were paying near the beginning. Matthew Green, an assistant professor at Johns Hopkins University who began working on Zcash three years ago, explained some of the motivation behind the cryptocurrency’s birth: “The basic story is that we have been....
Grayscale has filed to convert its Zcash Trust into a spot exchange-traded fund, setting up a potential first for regulated exposure to a privacy coin in the U.S. ETF market. If approved and listed, the product would give investors exchange-traded access to ZEC without requiring them to custody the asset directly. The proposed ETF would […]
An exchange on X between Polygon’s CTO Mudit Gupta and Zcash founder Zooko Wilcox reignited a long-simmering debate over whether privacy-preserving shielded pools can be perfectly audited — and, by extension, whether ZEC’s 21 million cap can be trusted under all conceivable failure modes. The dispute hinged on a familiar fault line in privacy-coin design: […]
A debate on X this week exposed a core question for on-chain privacy: when quantum computers are able to break elliptic-curve cryptography (ECC), will they be able to retroactively deanonymize every transaction ever made of privacy coins like Zcash? Nic Carter, co-founder of Coin Metrics and partner at Castle Island Ventures, argued that the answer […]