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Bitcoin supporters refocus on privacy coin Zcash
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 early 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 feature can hide both parties and amounts of transactions, which may also trigger potential misuse and regulatory scrutiny controversies. (Source: MLion)