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Zcash Developers Plan Quantum Privacy Upgrade for ZEC Swaps

BullishMedium impact
ZECUSD$1,147.83 −0.26%

Developers working on Zcash (ZEC) are preparing a technical update designed to protect token swaps on NEAR Intents from future quantum computing threats. Following the announcement, Zcash rose 3.03% to $1,164.

The new open-source system, named Zakura, assigns a distinct viewing key to every swap. This structure limits the information a quantum computer could potentially expose from public refund addresses. The setup allows users to retain control of their spending keys while utilizing private information retrieval to search for refunds without broadcasting address searches. Currently, no quantum computer exists that is capable of breaking these keys.

Software wallets supporting the feature, such as Vizor, could integrate the technology in the next few weeks. Developers are aiming to achieve quantum-resistant payment functionality by January.

Key points

  • Zcash developers are introducing an open-source system called Zakura to enhance swap privacy against future quantum risks.
  • Each swap through NEAR Intents will use a separate viewing key to prevent exposing user data on public refund addresses.
  • Compatible cryptocurrency wallets such as Vizor may adopt the upgrade in the coming weeks ahead of a planned January release.
  • Zcash (ZEC) traded up 3.03% today at $1,164 USD following the development update.

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Questions and answers

How is Zcash updating its swap privacy against quantum computers?

Zcash developers are implementing an open-source design called Zakura that provides individual viewing keys for NEAR Intents swaps and uses private information retrieval to hide refund address searches.

Are existing quantum computers currently able to break Zcash encryption?

No, there are currently no quantum computers demonstrated that possess the capability to recover Zcash encryption keys.

When will Zcash launch quantum-resistant payments?

Developers target January for full quantum-resistant payments, with supported software wallets like Vizor expected to add the upgrade in the coming weeks.