From messari crypto theses Privacy Chains: Monero is the largest

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From messari crypto theses Privacy Chains: Monero is the largest

privacy-focused blockchain by quite a
bit, despite the fact that most enthusiasm for strong privacy has moved over
to technology based on zero-knowledge proofs. That hasn’t really translated to success for Zcash, which has struggled mightily when it arguably should be having a moment. I think this is a failure of marketing (government hostility is beating the privacy narrative), momentum (ZEC price has only gone down historically), and go- to-market (in hindsight, bitcoin’s halving schedule wasn’t repeatable as a launch mechanism). The unfortunate reality may be that a zk-first blockchain was either too early or better implemented at the application layer on top of a larger chain. I don’t want to throw in the towel on Zcash as a project, but it’s certainly contrarian to continue betting on Zcash and its blockchain as the winning model for private transactions. Much more likely that a privacy-first rollup wins the market given the liquidity already available within that ecosystem. (Aztec?)

#blockchain #cryptocurrency #english #zec

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02.01.2024