Zcash founder Zooko Wilcox: Zcash needs to be highly scalable at the first level

Zooko Wilcox, CEO of the development company ECC, behind the cryptocurrency Zcash, said it is expected that it will take five years for Zcash to reach the level of prosperity we hope. “I am in favor of ambitious scalability improvements, and I think we need to be highly scalable at the first level. Although I think the second layer is cool and has many potential uses, I think we need an extensible The first layer. This is what I promote within the company and within the Zcash community.” He pointed out that there are other proposals, including the extension “Zcash, making it as programmable as Ethereum. We tend to use zero-knowledge proofs. Realization enables smart contracts to be executed in a privacy and chain manner.” All proposals ultimately have to go through community review and debate. Josh Cincinnati, executive director of the Zcash Foundation, said the new Zcash Improvement Proposal (ZIP) process will be reviewed for the first time by representatives of the ECC and Zcash Foundation.