HomeBlockchainZcash: a report for the first quarter of 2020

Zcash: a report for the first quarter of 2020

A few days ago the Zcash Foundation released a new report for the first quarter of 2020 in which it is possible to read all the progress and developments regarding the project.

In the introduction, the Zcash team explains that they had to cancel the Zcon event scheduled for June this year.

During this first quarter, the devs developed Zebra, a Zcash-compatible client that was scheduled for release at the end of this month, but due to the pandemic, it will be moved to the summer.

Other updates detailed in the report concern the partnership with ZecWallet which, with its light version, allows users to shield ZEC immediately; speaking of wallets, the team is also helping to integrate the crypto on Ledger‘s hardware wallet.

Worthy of interest is also the work that Zcash is carrying on with cross-chain development and in particular with Cosmos: all the progress will be shown in the next report explaining in detail some technical aspects on how it will be integrated.

Ample space in the report has been given to the multi-signature, focusing on FROST (Flexible Round-Optimized Schnorr Threshold signature scheme), which once stabilized will be integrated through a ZIP but with the aim of expanding beyond the Zcash ecosystem.

Zcash collaborates with Tor

In terms of privacy, the report also mentions the collaboration with the Tor project to improve its scalability, security and speed in order to integrate Zcash into Tor and render this blockchain a system completely dedicated to privacy.

Finally, the report concludes with the economic and financial aspect: the team has about 100,000 ZEC, 42 bitcoin (BTC) and $4 million at its disposal to be able to move forward, which is enough to continue throughout 2020 smoothly.

This year, in October, there will be the Zcash halving that will cut the miners’ rewards in half.


Alfredo de Candia
Alfredo de Candia
Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.