Zcash Developers Unveil Q4 Roadmap

Electric Coin Co. unveils Q4 plans amid ZEC's 190% surge.

The company behind the Zcash project and the Zashi wallet, Electric Coin Co. (ECC), has unveiled its plans for the fourth quarter. The announcement coincided with a sharp increase in interest in the anonymous coin ZEC, which surged by over 190% in a month.

Among the key priorities for the remainder of the year, developers highlighted:

• the integration of disposable addresses in Zashi for ZEC exchanges via the Near Intents protocol;
• automatic generation of new addresses after receiving funds;
• the ability for hardware wallet owners to resynchronize devices with Keystone storage;
• support for multisig wallets.

The latter function is intended for managing the Zcash developers’ fund.

In November, an update to the main network NU6.1 is also planned.

“This quarter, we will focus on reducing technical debt, enhancing privacy and user convenience for Zashi, and ensuring seamless management of developer funds,” the ECC statement reads.

The team added that it intends to adjust its approach “depending on market conditions and factors affecting the company’s revenue.”

The Surge in Anonymous Coins

The market capitalization of the private cryptocurrency sector has reached $23.6 billion. The trading volume in the last 24 hours exceeded $3.3 billion, according to CoinGecko. About 30% of this figure was attributed to Zcash.

Previously, the token surpassed the long-standing sector leader Monero in market value — its figure reached $6.4 billion compared to its competitor’s $6.2 billion. Over the past month, the price of ZEC has jumped by more than 193%.

As of September 30, the asset’s rate was around $70. At the time of writing, the coin is trading at $392.

At the end of October, the volume of shielded transactions in the private token reached a record 4.9 million ZEC.