Zcash could gain adoption as privacy asset, Matt Huang says; ZEC jumps 20.44%

  • Matt Huang said Zcash could complement Bitcoin as a privacy asset.
  • ZEC traded at $1,345.24, up 20.44%, according to CoinMarketCap.
  • Huang said ZEC should combine token-holder voting with other governance mechanisms.

Zcash (ZEC) could see broader adoption as a privacy asset complementing Bitcoin, Paradigm co-founder Matt Huang said. He argued that an inflation-funded developer fund is important for securing long-term financing for blockchain ecosystems and said continued development investment is needed to address AI-based cyberattacks and advances in quantum computing. Huang also said ZEC should combine token-holder voting with other governance mechanisms if it is to earn lasting trust as a monetary asset. ZEC was trading at $1,345.24, up 20.44%, according to CoinMarketCap.

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Zcash could gain adoption as privacy asset, Matt Huang says; ZEC jumps 20.44% - CoinPost Terminal