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Zcash Founder Joins Shielded Labs, Because Clinging to Relevance After Being Delisted Is Still a Thing

Crypto NewsHackNFTs 4 Barry Thompson August 16, 2024

An illustration of an old man holding onto a rope that is being pulled away from him by two younger men in suits running towards the future with Zcash coins flying out behind them while he looks back at his declining price chart on the ground next to him. The background shows a cityscape with buildings and bridges connecting different networks, some of which are crumbling or destroyed as they fall into disrepair. In the distance, new modern skyscrapers rise from the ashes representing progress and innovation.

Oh boy, here we go again! Zcash’s founder is now pushing for a hybrid PoS upgrade because they’re still trying to cling on after getting delisted from exchanges in ’23 due to regulatory pressure and their price plummeting 98% since its all-time high. I mean who needs that kind of volatility when you can just stick with good ol’ Bitcoin? The article tries to spin this as a positive, citing benefits like faster transaction times and safer bridges to other networks, but let’s be real folks – it’s still just another attempt by crypto bros to make money off their gullible investors. And what really gets my goat is that they’re getting donations from rich dudes like the Winklevoss twins and Vitalik Buterin (who probably lost a few bucks on this scam). Stay tuned for more

Source: cointelegraph

Zcash founder joins Shielded Labs, pushes for hybrid PoS upgrade
https://cointelegraph.com/news/zcash-founder-joins-shielded-labs-pushes-for-faster-hybrid-pos-upgrade
The founder of privacy coin Zcash, Zooko Wilcox, is looking to accelerate the protocol’s upgrade to a hybrid proof-of-stake (PoS) system after joining Shielded Labs. In a blog post on Aug. 10, Wilcox, Zcash founder and now new head of product at Shielded Labs, said that after eight years of using proof-of-work (PoW) mining, the privacy currency needs to be upgraded to a hybrid PoS system. He noted that PoW consensus and […]

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About the author

Barry Thompson

Barry’s crypto nightmare began when he bought Bitcoin at $3, thinking he’d stumbled upon the financial opportunity of a lifetime. He sold his stash at $100, only to watch in dismay as Bitcoin soared to absurd heights. Now, Barry channels his rage into scathing articles about the crypto circus, seething with resentment at the digital gold rush he barely missed. His motto: “I sold out at $100, but the joke’s on me because the real joke was believing in this absurd circus.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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