Zcash co-founder backs Shielded Bitcoin, keeps $5,000 ZEC year-end target
- —Shielded Bitcoin was published on Sept. 24 by Komarov, Moskvin and Shikhelma
- —The design uses encrypted notes, nullifiers and ZK proofs with no soft fork required
- —ZEC trades at $1,545.89, up 1.44% in 24 hours and nearly 291% in 90 days
- —Reaching $5,000 would require a gain of about 223% from current levels
Why it matters: Embedding privacy into Bitcoin without a consensus change could pressure ZEC and Monero, while ZEC ETF demand will decide whether the $5,000 target holds.
Source: BeInCrypto DE