With NU5 on the horizon, the Zcash Foundation team has been thinking about what comes after NU5, and we want to hear the Zcash Community’s thoughts.
ECC has previously stated that they believe layer 1 horizontal scalability should be a priority, and a logical next step would be to deploy recursive proofs in NU6 or a subsequent network upgrade.
The Zcash Foundation is strongly in favour of enhancing the Zcash protocol to support user-defined assets (UDAs; also dubbed zk-assets, custom assets, Zcash shielded assets, etc.), as a means of improving user adoption.
In the past few months, there has been much discussion of the environmental impact of cryptocurrency mining. In light of this, we believe that it’s appropriate to consider whether Zcash should move away from proof of work to an alternative consensus mechanism. Just today, ECC suggested that proof of stake might be a valid alternative.
We’d love to hear what the Zcash Community thinks, particularly what other ideas you think we should be considering. In mid-August, we will compile a list of options that we think are practicable and enjoy a sufficient level of support amongst the Zcash Community, and present them as a ZCAP poll.