“Future historians will have to tell children that Bitcoin did not arise overnight. It wasn’t just a step function that just went up. It was actually, like, there were lots of setbacks and stuff. But on a historical timescale, it’s just like Bitcoin appeared; the dollar collapsed. That’s like what future historians will say.” - Balajis (source)
We’re often in a rush to obtain rewards in as little time as possible. But nothing of real value just goes up overnight. True transformation takes time, and pain is part of the process. “There are lots of setbacks and stuff.” We get discouraged. We fail. We crack.
In the beautiful art of kintsugi, the craftsman takes a cracked or broken vessel and, with a bit of lacquer and the dust of a precious metal, restores its form. The vessel isn’t the same. It has become more, its unique history told within the fractures. It doesn’t hide its history. It honors it.
You and I are bound together in this time, space, and cause. Our journey to deliver unstoppable private money through Zcash has been difficult. Mistakes have been made. We’ve repaired many. More will be made.
But in each fracture, you and I are writing history with lacquer and gold; our work, forever etched in the Zcash blockchain.
Here’s part of our story this week:
Zashi
6750 ZEC have been swapped through Zashi in the week since launching support with NEAR Intents. In fiat terms, that’s $324k. Not bad for one week with only a third of the capabilities we intend to unlock this month!
What we did:
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Finalized cross-chain payments implementation (CrossPay) and shared builds with beta testers.
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Released a new Zashi iOS build with a bug fix.
What’s up next:
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Implement feedback for CrossPay with NEAR.
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Continue testing and bug fixing.
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Review and finalize Swap to ZEC designs and requirements.
iOS Analytics
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Unique Installs: 9.88k
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Total Downloads: 11.9k
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AppStore Rating: 4.9*
Android Analytics
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Total Install Base: 3.99k
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Total Installs (incl. Open Beta): 22.5k
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PlayStore Rating: 4.333*
Zcash Core
What we did:
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Worked around blockers to get Zallet working with Zaino (zcash/wallet#244).
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Created forks of zewif-zcashd and zingolib to work around issues with the upstream versions (see zcash/zewif-zcashd#1 and ECC/zingolib#1).
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Prepared ZIP 48 (P2SH multisig); got positive feedback from the Keystone and Ledger devs.
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Implemented RPC calls needed for the Zallet alpha, including getrawtransaction and improvements to z_viewteansaction.
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Investigated user-reported bugs in Zashi+librustzcash.
What’s up next:
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Release Zallet alpha.
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Release Zcashd supporting NU6.1 on Mainnet.
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Prepare draft ZIP for Quantum Resilience.
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Make a start on protocol spec changes for NU7.
Other:
Participated in the Blockchain Association Technology Policy working group this week. Topics included responses to the US Treasury RFC on crypto illicit activity, the EU AMLR status and implications for privacy coins, and an upcoming privacy technology DC fly-in.
Made significant progress on the DC Privacy Summit and Invite-Only Roundtable scheduled for October.
Initiated the compliance review process with Transak for Zcash support.
Dark Prague & Web3 privacy Sponsorship Coordination with ZCG.
ZEC holders overwhelmingly voted to support the retroactive coinholder grant model.
The revised Market Structure Bill language dropped on Friday. It’s highly encouraging!
We reached 3.8M ZEC in the shielded pools!
Creating history,
Onward.