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Bitcoin supporters refocus on privacy coin Zcash

MeNews
robot
Abstract generation in progress
ME News Report, May 16 (UTC+8), some early Bitcoin supporters and crypto investors are refocusing on privacy coin Zcash. Zcash's privacy features are considered to be closer to the original principles of cryptocurrencies. The report states that Zcash has increased by about 50% over the past month, with a total increase of approximately 1140% over the past year, and a market capitalization of around $8.9 billion. DCG has already listed Zcash as one of its largest holdings this year, and Grayscale has applied to regulators to convert its Zcash trust into an ETF. However, Zcash's shielded address functionality can hide both the transaction parties and amounts, which could also trigger potential misuse and regulatory scrutiny controversies. (Source: MLion)
ZEC-0.58%
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EveningBreezeBorrower
· 2h ago
Grayscale made this move early—once the ETF gets approved, it will be the narrative catalyst.
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GateUser-7a050ee5
· 2h ago
The early Bitcoin spirit was all about privacy and resisting censorship; Zcash is returning to that original intention.
View OriginalReply0

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