Zcash is set to launch quantum-recoverable wallets within the next month, with plans to achieve full post-quantum status within 12 to 18 months, according to Zcash Open Development Lab CEO Josh Swihart. This announcement was made during a session at Consensus Miami, highlighting Zcash's roadmap amid a significant rally that has seen the token's value increase by over 110% in the past 30 days. The surge is partly attributed to a substantial investment by Multicoin Capital and growing interest in privacy-focused cryptocurrencies.
Swihart emphasized that Bitcoin's role as a peer-to-peer private payment system is compromised due to its transparent ledger, which allows for potential government seizures. In contrast, Zcash aims to enhance privacy and scalability, with a separate track targeting transaction throughput comparable to MasterCard and Visa. The Electric Coin Company's mobile wallet, integrated with Near Intents, facilitates cross-chain swaps, contributing to significant transaction volumes. Additionally, discussions are underway to reduce Zcash's block time and expand its blockchain bridges, with token-holder voting through Zashi planned to influence project decisions.
Zcash to Introduce Quantum-Recoverable Wallets, Aiming for Full Post-Quantum Status by 2027
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