RATE Group | Zcash Will Get a Gateway Into Ethereum’s DeFi Ecosystem
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Zcash Will Get a Gateway Into Ethereum’s DeFi Ecosystem

13 Oct Zcash Will Get a Gateway Into Ethereum’s DeFi Ecosystem

Posted at 11:39h in Ethereum News by

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When cryptocurrency fans gathered in Osaka, Japan, this week for the Devcon developer conference, the halls were filled with buzz about smaller projects seeking access to ethereum’s decentralized finance smorgasbord, especially loans and financial products, via interoperability.

“Connecting to other chains doesn’t seem to be an ethereum developer’s priority,” Summa co-founder James Prestwich told CoinDesk. “But other chains seem to want to connect to ethereum.”

For example, Josh Swihart, VP of marketing and business development at the Electric Coin Company (ECC), told CoinDesk that over the next six months the zcash community will develop a wrapped ZEC token that can be used on the ethereum blockchain. The privacy coin may one day become a conduit for private, automated loans and financial products.

Related: WATCH: Tongtong Gong of Amberdata Talks About Gender in Crypto

This would be done through the same type of wrapped token the Cross-Chain Working Group, co-founded by…

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