DeFi· ★★★· bearish·

Zcash Developer Josh Swihart Blocks Crosslink Staking Upgrade

  • —Crosslink keeps mining for issuance but adds a staking layer to prevent rollbacks and attacks
  • —Staking amounts were to be fixed in powers of 10 ZEC to preserve Orchard pool anonymity
  • —Swihart said he does not believe the change will benefit Zcash and backed Nakamoto consensus
  • —The debate dates to 2021; Crosslink is backed by Vitalik Buterin and the Winklevoss twins
Why it matters: Without consensus inside Zcash's core, an upgrade meant to make ZEC a yield-bearing asset is unlikely to ship, capping upside.
Source: U.Today