Zcash Takes Lead as Privacy Coin Market Soars

Zcash (ZEC) has surged to a new high, surpassing Monero (XMR) to become the largest privacy coin by market capitalization. With a valuation of $6.2 billion, this impressive growth marks one of the most significant shifts in the privacy-focused crypto sector this year. The surge coincides with growing interest in privacy technologies and zero-knowledge proofs (ZKPs), cryptographic systems that verify transactions without revealing sensitive information. Zcash, an early adopter of ZKPs at scale, is reaping the benefits as investor confidence in its privacy infrastructure grows, particularly for blockchain applications. 💰