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Privacy-focused crypto project Zcash is making a major push toward becoming resistant to quantum computing threats. Speaking during the Privacy track at Consensus Miami, Zcash Open Development Lab CEO Josh Swihart revealed that “quantum-recoverable” wallets are expected to launch within the next month.
According to Swihart, the broader goal is to make Zcash fully post-quantum secure within the next 12 to 18 months. Alongside that, the network is also aiming to achieve payment speeds comparable to Visa and Mastercard. Swihart also criticized Bitcoin, saying it is “fundamentally broken” as a private peer-to-peer payment system.
ZEC Rally Gains Institutional Support
Zcash has been one of the stronger-performing crypto assets recently, with ZEC surging more than 73% over the past 30 days, according to CoinGecko data.
A big part of that momentum came after Multicoin Capital disclosed a sizable investment in the privacy coin. Multicoin co-founder Tushar Jain described the move as a return to the “cypherpunk ideals” that originally inspired crypto.
Crypto analyst Ali Martinez also pointed out that ZEC gained 38% this week alone, while identifying $698.78 as the next major resistance level.
Cross-Chain Growth Boosts Adoption
Swihart also highlighted Zcash’s recent technical progress. Last year, the project integrated Near Intents with Electric Coin Company’s mobile wallet, allowing users to swap assets like Bitcoin, Solana, and USDC directly into shielded ZEC.
Since launch, the cross-chain feature has processed around $600 million to $700 million in volume, mostly involving USD and USDC. The easier access appears to be driving stronger adoption of Zcash’s privacy features, with the shielded pool now holding 30% of circulating ZEC, an all-time high.
Quantum Threat Is Becoming Real
Zcash’s push comes as concerns around “Q-Day” continue growing. A recent report from Project Eleven warned that quantum computers could become powerful enough to break current crypto encryption as early as 2030.
Several major blockchains, including Solana and Aptos, are already exploring ways to strengthen their networks against future quantum attacks, while Coinbase recently warned that proof-of-stake chains could face significant long-term quantum risks.