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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 rise of approximately 1,140% 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 the transaction parties and amounts, which could also trigger potential misuse and regulatory scrutiny debates. (Source: MLion)
ZEC1.24%
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GateUser-a365d15f
· 6h ago
The spring of privacy coins? It feels like the narrative is shifting.
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BridgeHopRanger
· 7h ago
The risk of abuse does indeed exist, but technology is innocent.
View OriginalReply0
GateUser-1859b7cd
· 7h ago
Grayscale is really quick, ETF applications are piling up.
View OriginalReply0
Stop-LossIsLikeAConfession
· 7h ago
A 50% increase is just the beginning, wait for the ETF news.
View OriginalReply0
RugWeather
· 7h ago
Hold the coin and wait for the wind; privacy is a necessity.
View OriginalReply0
FlowingColorfulInkHeart
· 7h ago
Early Bitcoiners switching to ZEC, this signal is quite interesting
View OriginalReply0

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