Zcash plans quantum-recoverable wallets within a month

Zcash announced plans to introduce quantum-recoverable wallets within a month and achieve full post-quantum security by 2027. The privacy-focused cryptocurrency also outlined scaling upgrades during an event in Miami.

Zcash Open Development Lab founder and CEO Josh Swihart detailed the roadmap at Consensus Miami on Thursday. The project will launch quantum-recoverable wallets soon and reach full post-quantum status within 12 to 18 months, he said. A separate track targets Visa- and Mastercard-level transaction throughput on the same timeline.

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Panelists at Consensus Miami 2026 discuss trust barriers and tokenization future in blockchain.
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Consensus Miami 2026 highlights trust and tokenization challenges

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Panelists at Consensus Miami 2026 identified trust as the biggest barrier to crypto adoption, citing complexity, poor user experience and lack of transparency. Executives from firms including Consensys, Kraken and major banks discussed tokenization's inevitability, security needs and paths to mainstream integration. The conference underscored the need for usability, regulation and human-centered design in blockchain products.

A new report warns that adversaries are harvesting encrypted data today for future decryption using quantum computers, posing trillions in economic risks to banks. The Citi Institute estimates a single such attack could jeopardize $2 trillion to $3.3 trillion of U.S. GDP. Financial institutions must accelerate post-quantum preparations amid rising cyberattacks.

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Building on 2026 qubit reductions like Iceberg Quantum's qLDPC breakthrough, recent studies project quantum computers cracking RSA-2048 and ECDLP-256 by 2029. Google and cybersecurity experts warn of imminent Q-Day, pushing post-quantum cryptography to avert a crisis worse than Y2K, with businesses ramping up quantum-safe migrations.

Threat actors are mailing physical letters impersonating Trezor and Ledger to trick cryptocurrency hardware wallet users into revealing recovery phrases. The letters create urgency by claiming mandatory checks are required to avoid losing wallet access. Victims scanning included QR codes are directed to phishing sites that steal their wallet information.

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A consortium of major European banks called Qivalis is holding advanced discussions with crypto exchanges and liquidity providers ahead of launching a euro-pegged stablecoin in the second half of 2026. The initiative aims to create a regulated alternative to U.S. dollar stablecoins for blockchain-based payments within the EU. Backed by bank deposits and sovereign bonds, the token seeks to enhance the bloc's autonomy in digital finance.

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