Zcash Surges 162% in October Amid Grayscale Trust Reopening

The oldest active zero-knowledge blockchain saw a sharp rally as Grayscale reopened its Zcash Trust and shielded transactions reached 29% of total supply.

ZEC

Summary

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Terms & Concepts
  • Zero-knowledge blockchain: A blockchain that uses zero-knowledge proofs to validate transactions without revealing any sensitive data.
  • Shielded transactions: Privacy-focused transactions on Zcash that conceal sender, receiver, and amount details using cryptographic methods.
  • Grayscale Zcash Trust: An investment product from Grayscale that offers institutional investors exposure to Zcash without directly holding the cryptocurrency.