- The privacy-based token, Zcash is being worked to appear on the Ethereum blockchain, within a special form.
- ECC Vice President of marketing and business developement said that the goal now is to turn Zcash into a platform on which development can be conducted “for all DeFi applications”.
Vice President of marketing and business development Josh Swihart, at Electric Coin Company (ECC), recently noted that over the next six months, the Zcash community will develop a special version of ZEC in the form of a token that can be used in the Ethereum blockchain.
It is suggested that a confidential cryptocurrency may one day become a kind of conduit for automated loans and financial products.
According to DeFi Pulse, a cryptocurrency that is worth more than $553 million, at present i blocked in Decentralized Ethereum Financing Industry (DeFi) applications.
Furthermore, to increase the use of Zcash, ECC will need to find other popular uses for the coin besides speculative trading and simple hidden transactions. Josh Swithart said that the goal now is to turn Zcash into a platform on which development can be conducted “for all DeFi
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