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The breakthrough of Zcash and the resurgence of on-chain privacy
[Plain Language Guide] Zcash is experiencing a significant rise, with the price of ZEC skyrocketing nearly 10 times since October, marking a strong revival of interest in on-chain privacy.
This article delves into the driving forces behind this phenomenon, revealing that the surge in Zcash's shielded supply now accounts for 30% of the total supply. This growth is primarily attributed to the increase in partially shielded liquidity rather than completely private transactions.
The article analyzes the advancements in zero-knowledge proof technology, the emergence of unified address wallets like Zashi, and how cross-chain solutions such as NEAR Intents have significantly lowered the barriers to privacy adoption, collectively driving the recent breakthroughs of Zcash and the arrival of a new era of on-chain privacy.
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