Zcash founder Zooko Wilcox plans to accelerate the transition to a hybrid proof-of-stake system after joining Shielded Labs.

- Wilcox said PoW consensus and the creation of new ZEC coins were putting pressure on the price.

- Improvements include the implementation of the Zcash Sustainability Fund and an upgrade to the Crosslink protocol.

- Wilcox did not provide technical details or a timeline for the upgrade.

ZEC is trading just above $41, down 98% from its 2016 peak. 📉