According to TechFlow, Zcash founder Zooko Wilcox wrote on August 10 that Zcash is "the most important project in the world" and is winning. Wilcox emphasized that Zcash allows anyone to use private currency without coercion, and believes that this is crucial to civil rights, business, and social change.
He announced that Zcash will upgrade to the "Crosslink" hybrid PoW and PoS protocol, an upgrade that will bring multiple benefits, including allowing users to stake ZEC, providing finality to prevent rollback attacks, reducing transaction wait times, and enabling more secure two-way bridges with other networks.
In addition, Wilcox revealed that a "Zcash Sustainability Fund" will be implemented to ensure the long-term sustainability of the Zcash network and development while not exceeding the supply cap of 21 million ZEC. He emphasized that these upgrades will be deployed as quickly as possible while maintaining Zcash's superior security.
Wilcox said he has joined Shielded Labs, a Swiss nonprofit dedicated to improving Zcash to become the best private currency and funded entirely by donations from Zcash holders.
