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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Illustration of Zcash rebounding on a financial chart with privacy symbols.
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Zcash rebounds 45 percent after Ironwood upgrade proposal

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Zcash has recovered about 45 percent from its recent low after developers proposed the Ironwood upgrade to address a supply verification issue. The privacy-focused cryptocurrency traded near $437 on Monday, though it remains down 22 percent for the week. The move comes after a patched bug in the Orchard pool triggered last week's sell-off.

Crypto companies are updating their wallets to guard against potential quantum computing risks to major networks like Bitcoin and Ethereum.

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Tezos developers have launched a prototype for private payments that resists quantum computing attacks. The system employs zk-stark proofs to safeguard encrypted blockchain data against future threats.

Zcash activated a major network upgrade on June 3 that briefly caused block explorers to show no new blocks. Developers also suspended Orchard transactions to fix a privacy pool bug.

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Two recent studies indicate quantum computers could crack elliptic curve cryptography—securing banks, internet traffic, and cryptocurrencies like Bitcoin—with far fewer qubits than previously estimated: around 10,000-30,000 for one approach or 500,000 for another. Researchers highlight rapid hardware progress, urging a shift to post-quantum standards.

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