Zcash Frenzy Boosts STRK: What’s Next?
CoinGecko statistics show that STRK, the native token of Starknet, increased 35% on Monday. Due to their common founders and shared ambition for programmable privacy, Zcash and Starknet are connected. In this regard, the case for STRK is strengthened by the latest Zcash craze. On Monday, STRK’s trading volume almost reached $500 million, and it has since increased to $832.16 million. Today, the STRK token was trading for $0.169, up a slight 5% over the previous day. But at the time of writing, there was a noticeable decline. The token thus dropped by 23.79% to $0.1577.
Investors Buzz Over Starknet as Zcash’s Next Evolution
Zcash created one of the strongest privacy layers in cryptocurrency by inventing zero-knowledge proofs (ZKPs) for private transactions. The same Zcash proofs can now be directly verified on-chain using Starknet, which is based on STARK proofs. As a result, privacy can function at Layer 2 speeds naturally. Investors noticed a growing narrative that suggested Starknet would be Zcash’s next iteration, which led to the spike. Starknet’s goal is to move privacy technologies from a specialized Layer-1 setting into a programmable, scalable Layer-2 setting.
Zcash built the strongest privacy layer. Starknet built the fastest proof system. Together, they’re creating programmable privacy at L2 speed. Zcash remains the encrypted vault. Starknet becomes the fast, programmable layer on top,
analyst Djani
Starknet Expands Zcash Privacy to Layer 2
After traders pointed out that Eli Ben-Sasson, co-founder of both Zcash and StarkWare, is carrying out the same mission, speculation regarding the relationship between the two ecosystems became more intense. He is currently developing it at a greater level of interoperability and scalability.
Tell me why STRK isn’t the continuation of the ZEC trade. STRK co-founder is also a ZEC co-founder. STRK effectively expands privacy tech from an L1 to a programmable L2 environment. Starknet net flows highest of any L1/L2 after Arbitrum,
DeFi researcher Avocado Toast
This argument is strengthened by other cryptocurrency experts and researchers who point out Starknet as a Zcash beta. The “Ztarknet” thesis has gained new attention as a result of the comparison. It implies that shared cryptographic infrastructure is now bringing privacy and scalability together, which were previously thought to be trade-offs.
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[…] Zcash enables both shielded and transparent transactions, and despite concerns raised by Ammous, several blockchain explorers allow public verification of both pools. Its privacy capabilities rely on zero-knowledge proofs, which validate transactions without exposing details such as the sender, receiver, or amount. […]