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June 23, 2019
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The company behind one of the most privacy-focused cryptocurrencies zcash (ZEC), Electric Coin Company (ECC), wants to create a new scalable zcash protocol with a sharding feature, Yahoo! Finance reports.

The Chief Engineer at ECC, Nathan Wilcox, claims the company intends "to make zcash usable by 10 billion people by 2050."

In the meantime, Yahoo! Finance notes that achieving this goal would require zcash’s blockchain to be able to manage thousands — or millions — of transactions per second. Moreover, Eric Woerth, Head of the Finance Committee of France’s National Assembly, proposed banning anonymous cryptocurrencies in a recent report about cryptoassets and blockchain technology shared by the Assembly.

According to him, the cryptocurrencies that allow users to hide their identity, such as Monero, PIVX, DeepOnion, Zcash, should be banned because of the risks they entail, since users can use them without undergoing any verification process.

Back in March, the mining devices manufacturer Bitmain introduced the Antminer Z11 to mine ZEC and other cryptocurrencies based on the Equihash algorithm.

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