Zcash to add quantum-resistant privacy payments by January
Zcash developers announced a January target for rolling out payment technology designed to resist future quantum computers, which could theoretically break today's encryption. This follows what's being called a 'bunker mode' scare, apparently some internal alarm about how exposed current cryptographic systems might be if powerful quantum computers arrive sooner than expected.
This is mostly relevant if you hold Zcash specifically, since it's about strengthening the privacy and security tech behind its shielded transactions; quantum computers that could actually break current crypto encryption are still considered years away by most experts.
No action needed, this is a developer roadmap update, not an emergency. If you hold Zcash, it's worth knowing an upgrade is planned, but there's no urgent risk to your funds right now.
- quantum-resistant
- designed to stay secure even against future quantum computers, which could theoretically crack today's encryption methods
- shielded transactions
- Zcash payments that hide sender, receiver, and amount using privacy technology