zec

1. Core positioning and development history of the project

Zcash is a privacy blockchain project based on zero-knowledge proof technology, with its core positioning upgraded from the initial 'privacy transaction currency' to the 'regulatory-friendly privacy application platform' by 2026. Through compliant privacy technology and cross-chain ecosystem integration, it has become one of the core assets in the privacy sector. The key development milestones are as follows:

- 2023-2025: Facing regulatory pressure from the EU MiCA legislation and threats of delisting from major CEXs, labeled as a 'money laundering tool', entering a period of regulatory pressure;
- By the end of 2024: Completion of the halving cycle, the new supply from miners enters a historical low, and a fundamental change in the supply-demand structure occurs;