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Altcoins & DeFi

'Not Good for Zcash': Key Developer Josh Swihart Halts ZEC Staking Upgrade

Image: U.Today

Zcash ecosystem veteran and founder of Zcash Open Development Lab Josh Swihart has blocked the discussion of a radical blockchain reform by harshly criticizing the Crosslink project. His official statement, "I don't believe this will benefit Zcash," effectively deprives the large-scale staking upgrade of any chance of adoption within the community. The essence of the dispute is an attempt to change the cryptocurrency's DNA . The Crosslink project from the independent team Shielded Labs offers a compromise. Traditional mining is preserved for issuing coins, but a protective staking layer (locking coins for interest) is placed on top of it to rule out transaction rollbacks and hacker attacks on the network.

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