ZCash (ZEC) Could Soon Transition to Proof-of-Stake as a Means of Driving Sustainable Growth

Summary: The Electric Coin Company has initiated research on a possible transition of ZCash from a proof-of-work mechanism to a proof-of-stake. The research will focus on shielded wallet UX and security, cross-chain interoperability, proof-of-stake security, issuance rate, on-chain governance, and reducing the protocol’s complexity. The rationale behind exploring ZCash’s possible switch to a PoS is to drive the sustainable growth of ZEC. It will also reduce selling pressure from PoW miners, amongst other benefits. The popular privacy coin of ZCash […]