Zcash has presented a roadmap to launch a quantum-recovery wallet within a month and shift to a fully quantum-resistant system within 12 to 18 months.
Coindesk reported on May 8 that Josh Swihart (조시 스와이하트), founder and CEO of Zcash Open Development Lab, said this at the Consensus event in Miami.
Zcash is also pushing to strengthen scalability over the same period. It is aiming to secure throughput capacity at the level of Visa and Mastercard. Its community forum is discussing a plan to cut the target block time to 25 seconds from 75 seconds.
Zcash has risen more than 110 percent over the past 30 days. Multicoin Capital disclosed a large ZEC investment, and a privacy narrative is gaining traction among investors, The Block reported.
Swihart said Bitcoin functions as a store of value and an ETF asset, but is fundamentally broken as a peer-to-peer privacy payment system. He argued that if balances are exposed on a transparent ledger, governments can seize verifiable assets.
Chi-gyu Hwang
delight@d-today.co.kr