Zcash aims to launch quantum-recoverable wallet next month

Zcash (ZEC) plans to launch a "quantum-recoverable" wallet within a month and transition its network to a fully post-quantum system within the next 12 to 18 months, CoinDesk reported. Josh Swihart, CEO of the Zcash development lab, said the company is building a structure to allow users to safely transfer and recover assets in preparation for future threats from quantum computers. He explained that while Bitcoin functions as a store of value, it has limitations as a privacy-based peer-to-peer payment system. Swihart added that Zcash is also working on scaling to achieve transaction throughput comparable to that of Visa and Mastercard.