The Electric Coin Company (ECC), a commercial organisation, published the roadmap for the Zcash (ZEC) peer-to-peer payment system through 2025.
It has become clear that the best way for ECC to contribute to the #Zcash $ZEC community over the next three years is to release an official ECC wallet on top of a highly interoperable Zcash protocol that leverages proof-of-stake consensus.https://t.co/SxMF1pNCTB
— Electric Coin Company 🛡️ (@ElectricCoinCo) November 19, 2021
The team described the plan as “aggressive but achievable”. It includes three key products: the transition to a Proof-of-Stake consensus algorithm, interoperability, and an official ECC wallet.
The latter will enable ECC to engage directly with Zcash users, rapidly deploy and test new features. The wallet launch is planned for 2022.
Among the advantages of moving to Proof-of-Stake, developers cited reduced price pressure on Zcash tokens, since most miners would otherwise immediately sell ZEC.
The unit’s capabilities will expand revenue generation through staking and access to on-chain governance mechanisms for ZEC holders. The solution will also reduce its carbon footprint and enhance Zcash’s functional interoperability.
The team plans to expand into North and Latin America.
In the wake of the roadmap’s publication, the ZEC token price rose by 20%, to $188. At the time of writing, Zcash was trading at around $184.
Earlier, on October 28, the Zcash community marked five years since the launch of the mainnet.
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