Early Bitcoin backers are accumulating Zcash, WSJ reports

Early Bitcoin supporters, including Gemini co-founders the Winklevoss twins, are accumulating large amounts of Zcash (ZEC), The Wall Street Journal (WSJ) reported. They believe that as Bitcoin has become institutionalized, it has lost its original ideals of anonymity and privacy. In their view, Zcash, with its zero-knowledge proof-based "Shielded Transaction" feature, is closer to Bitcoin's initial vision. Grayscale founder Barry Silbert compared the current state of Zcash to Bitcoin in 2013, noting that it is re-igniting the imagination around decentralization and privacy that characterized the early virtual asset market. ZEC has risen approximately 48% over the past 30 days and 1,100% over the last year.