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According to The Block, the team behind Bitcoin scaling solution Core announced the launch of the first licensed protocol, Z Protocol, positioned as an EVM-compatible Layer 1 for privacy chain Zcash, designed to enhance application layer capabilities for Zcash and introduce more on-chain use cases. Z Protocol will adopt Core's Satoshi Plus consensus approach, allowing the network to be secured jointly by Zcash stakers and PoW miners; at the same time, the team plans to introduce supporting basic applications such as private transactions, lending, private stablecoin USDZ, and yield-bearing tokens.