Zcash (ZEC) Zcash serves as a foundational layer for the gl | Crypto Great | Bitcoin | DeFi
Zcash (ZEC)
Zcash serves as a foundational layer for the global and digital economy. ZEC is an engine driving the sustainable growth necessary for economic and social freedom.
Since July, we’ve been following the developments of Zcash’s next major upgrade, network upgrade 5 (NU5).
And just last month, Electric Coin Company (ECC) announced that NU5 is expected to launch this May.
ECC are the inventors of Zcash and aim to build and support technology to provide people with access to fair and open currency.
In conjunction with various features included with NU5, the ECC is also introducing Halo Arc – a suite of solutions that bundle new features and products.
In October, we wrote about how Zcash benefits from adopting the Halo proving system and its move away from its original setups and shielding system, zk-SNARK .
The Halo 2 proving system includes the most coveted features for privacy-centric users. The system enhances privacy and scalability on the Zcash network, as well as advanced features that allow for transparency to comply with governments and regulations.
Zcash’s plans to move to a Proof-of-Stake network for increased scalability, and its Halo Arc update provides more options for transacting. Zcash is equipping itself with all the tools necessary for bringing crypto adoption to individuals and enterprises. As more users are onboarded, we expect the demand for Zcash to increase along with its token price.
