Quantum Threat, Stolen Funds: Zcash at the Heart of Privacy Challenges

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The Zakura team, a Zcash node software provider, proposes assigning a distinct viewing key to each swap conducted via NEAR Intents to protect users against potential quantum computing decryption capabilities. This solution aims to prevent a publicly exposed address during an exchange from revealing all payments received by an account. Zcash’s shielded transactions significantly limit the information accessible to external observers, making it harder to trace funds from hacks. ZachXBT reported approximately 2,700 ZEC, valued at $3.8 million, being transferred to the protected Ironwood pool from wallets linked to the Bitget attack. Compatible wallets, including Vizor, could integrate the solution within the coming weeks.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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