Zcash Foundation plans to introduce its privacy features into the Cosmos ecosystem

According to Decrypt, the Zcash Foundation plans to introduce its privacy features into the Cosmos ecosystem. The project will use “pegzone” to add an anonymity layer to cross-chain transactions. This will allow cross-blockchain assets to be blocked, transferred and mortgaged. The project will be launched in two stages. In the first phase, pegzone will provide ZEC-backed tokens in the existing Zcash shielded pool. In the Zcash shielded pool, token information is kept confidential. In the second phase, the Zcash Foundation plans to add a shielding pool to pegzone itself, providing shielding piles (a method of generating new tokens), shielding IBC assets and shielding the transfer between blockchains. This will bring Zcash’s privacy features to the Cosmos ecosystem.

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