Almost three in ten Zcash coins ever mined are now hidden from view.
đ§ In plain words
Per Grayscale Research's Michael Zhao, writing in CoinDesk, about 4.9 million $ZEC sit in the shielded pool, close to 29% of all ZEC mined. A shielded transaction lets the network confirm a payment is valid without showing sender, receiver or amount. Picture a sealed envelope that the post office can weigh and stamp without opening. Viewing keys are the twist: a holder can hand a regulator or accountant a key that opens only their own envelopes, without handing over the money inside.
â What it means for you
âą Privacy here gets stronger as more people use it, because each shielded transaction adds to the crowd an individual hides in.
âą Grayscale's argument is that AI makes it cheap to link old public transactions to identities, so a payment from 2019 can be unmasked in 2026.
âą The regulatory question is open: AML rules and MiCA push toward automatic reporting, which sits awkwardly with selective disclosure.
Takeaway: the shielded pool share is the metric to follow, not just the price.
#Zcash #Privacy
đ§ In plain words
Per Grayscale Research's Michael Zhao, writing in CoinDesk, about 4.9 million $ZEC sit in the shielded pool, close to 29% of all ZEC mined. A shielded transaction lets the network confirm a payment is valid without showing sender, receiver or amount. Picture a sealed envelope that the post office can weigh and stamp without opening. Viewing keys are the twist: a holder can hand a regulator or accountant a key that opens only their own envelopes, without handing over the money inside.
â What it means for you
âą Privacy here gets stronger as more people use it, because each shielded transaction adds to the crowd an individual hides in.
âą Grayscale's argument is that AI makes it cheap to link old public transactions to identities, so a payment from 2019 can be unmasked in 2026.
âą The regulatory question is open: AML rules and MiCA push toward automatic reporting, which sits awkwardly with selective disclosure.
Takeaway: the shielded pool share is the metric to follow, not just the price.
#Zcash #Privacy