Zcash gains traction as disillusioned Bitcoin supporters seek alternative investments with stronger privacy features.
Prominent backers, including Tyler and Cameron Winklevoss, place significant bets on Zcash, drawing comparisons to Bitcoin’s early days.
Zcash’s market capitalization stands at $8.9 billion, a fraction of Bitcoin’s size, amid high risks and regulatory scrutiny over privacy coins.
Some of Bitcoin’s earliest and most dedicated supporters are quietly shifting their attention to Zcash, seeing in the smaller privacy-focused token a closer reflection of the revolutionary ideals that first drew them to cryptocurrency.
The Wall Street Journal reported Thursday that disillusionment with Bitcoin’s transformation…
