Zcash to roll out quantum-recoverable wallets within a month, go quantum-proof by 2027
Bitcoin no longer holds up as the cypherpunk-grade money it was meant to be, Zcash’s Zooko Wilcox told an engaged audience.
What to know:
- Zcash plans to introduce quantum-recoverable wallets within a month and aims to be fully post-quantum within 12 to 18 months, alongside a scaling push toward Visa- and Mastercard-level throughput.
- The roadmap comes alongside a 110% rally in ZEC over the past 30 days, fueled by a major Multicoin Capital investment and renewed interest in privacy-focused crypto.
- Adoption is being driven by cross-chain swaps into shielded ZEC via Near Intents and other upgrades, with the shielded pool now holding about 30% of circulating ZEC and proposals under discussion to cut block times and add token-holder voting.
The roadmap arrived during a ZEC rally that has lifted the token more than 110% over the past 30 days as prominent crypto fund Multicoin Capital disclosed a sizable ZEC investment and the privacy narrative caught on among investors, sentiment daata shows.
Swihart’s pitch was that Bitcoin no longer holds up as the cypherpunk-grade money it was meant to be. The asset works as an ETF wrapper and a store of value, he said, but as a peer-to-peer private payment system “it’s just fundamentally broken.”
Visible balances on a transparent ledger let governments seize what they can see, he argued, the same wealth-visibility critique Multicoin’s Tushar Jain leaned on this week when disclosing the fund’s purchases.
The user-side traction is running through the Electric Coin Company’s mobile wallet after an October integration with Near Intents opened cross-chain swaps from assets like BTC, SOL and USDC directly into shielded ZEC.
