Zcash Surging on 'Cypherpunk Principles' as Bitcoin Alternative: Galaxy Digital
Update: 2025-11-04
Description
Zcash: A Privacy-Focused Cryptocurrency Gaining Traction as an Alternative to BitcoinZcash, a privacy-focused cryptocurrency, is gaining attention as a potential alternative to Bitcoin. Despite being much smaller, it shares foundational elements with Bitcoin and is seen by some as a spiritual successor. Zcash allows users to shield transactions, making them anonymous, which is appealing to those concerned about Bitcoin's centralization or on-chain surveillance. Recently, Zcash's price has surged nearly tenfold, reaching a seven-year peak, as critics argue that Bitcoin's exchange-traded funds are eroding its original purpose. However, increasing regulatory pressure on privacy tools within the crypto space, following arrests of privacy wallet service founders and Wasabi banning US customers, may impact Zcash's future.
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