Zcash Races to Quantum-Proof Shielded Swaps Before January Deadline
A Zcash developer has proposed giving every $ZEC swap through NEAR Intents its own private key to close a quantum computing vulnerability ahead of a January resistance deadline.
What we know
Barry Silbert amplified both a Decrypt article and a CoinDesk insight covering the proposal. Developer Zakura's fix addresses a gap where a future quantum computer could link a user's payment history by analyzing shielded swap patterns. The proposal involves assigning unique private keys per swap transaction, closing the linkability vector before a self-imposed January quantum-resistance deadline.
How the story developed
A Zcash developer has proposed giving every $ZEC swap through NEAR Intents its own private key to close a quantum computing vulnerability ahead of a January resistance deadline.
Monero (XMR) has risen ~8% while Zcash (ZEC) has dropped ~10%, with traders flagging a notable rotation between the two leading privacy coins.
Zcash is drawing conflicting signals: bulls are pushing a 'private, quantum-resistant BTC' narrative with $10K targets, while a prominent trader revised his downside target to $200, saying the bull trend ended a month ago.
Following ZachXBT's disclosure about the Bitget exploiter using Zcash to shield stolen funds, multiple other threat actors have now adopted ZEC for money laundering.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.