Fashionable Solana contributor Mert from Helius was the primary main builder this cycle, alongside Naval Ravikant, to place Zcash (ZEC) again on the heart of the crypto market dialogue this yr. His posts pulled the outdated privateness “dino coin” out of years of irrelevance and acquired crypto fans speculating on ZEC once more.
However Mert truly went additional and now ties ZEC supremacy with one thing stronger — a reminder of what Satoshi Nakamoto, the mysterious creator of Bitcoin, himself as soon as wrote.
Lengthy story brief, in 2010, on the outdated Bitcoin discussion board, Satoshi mentioned that if zero-knowledge proofs had been ever made sensible, Bitcoin could possibly be inbuilt a significantly better and simpler method. He admitted that he didn’t know easy methods to do it.
For Mert, that’s precisely what Zcash did. Bitcoin is locked in shortage, however ZEC added privateness on the protocol degree, and that makes it look rather a lot just like the improve Satoshi imagined however by no means managed to create.
ZEC worth rockets 750% in simply two months
The market actually enjoys the privateness narrative by ZEC, and the way it picked up on that concept quick is seen on the ZEC worth chart that has ripped greater than 750% since August, leaping over $270 after years of being written off.
And it isn’t simply fast flips; extra holders are transferring cash into shielded addresses, the place zk-SNARKs conceal quantities and senders contained in the chain itself. Knowledge from Zechub exhibits this pattern rising, which suggests much less liquid provide and fewer stress from quick sellers.
Put it collectively and also you see why this rally feels completely different. Zcash just isn’t being handled as a useless altcoin bouncing on hype. With Mert pointing again to Satoshi’s personal phrases, the case being made is straightforward: ZEC seems to be just like the model of Bitcoin its creator wished for, solely delivered years later below a unique title.