Grayscale Research states that as stablecoins, blockchain applications, and artificial intelligence drive greater financial transparency, privacy protection could become a key demand in the digital currency space. Zcash is a decentralized digital currency similar to Bitcoin, utilizing zero-knowledge proofs to hide transaction senders, receivers, and amounts, giving it privacy attributes akin to cash. The report highlights that after years of protocol upgrades, the usage of shielded transactions in Zcash is increasing, with wallets and infrastructure also evolving. However, the privacy sector still faces risks such as regulation, technological upgrades, and ecosystem adoption. Currently, ZEC's market cap is approximately $8 billion, accounting for only about 0.6% of the cryptocurrency "digital currency" sector. If it were to capture a 5% share of this market in the future, its theoretical valuation could expand by about 9x. Grayscale believes that the core investment thesis for Zcash lies in whether the market will reassess the value of privacy within the digital currency system, rather than it replacing Bitcoin as the mainstream currency. https://(wublock123.com)/news/news-66912