Zcash Company CEO: I don’t see Grin and Beam as competition | Genesis Capital has originated over $1 billion in crypto loans even as the bear market reigns

Bitcoin $3,485                    Ethereum $108.72 
Crypto Mkt Cap $115B              BTC Dominance 52.90%  

“They are fragile and limited on a technological basis. I do not view their underlying technology as being robust.” — Zooko Wilcox, CEO Zcash Company on Grin and Beam

The Big Block

As one of the earlier privacy-centred crypto coins, Zcash has arguably paved the way for a series of newcomers. But Zooko Wilcox, CEO of the Zcash Company, the main developers of the Zcash protocol, told The Block that while he’s glad the likes of Grin and Beam exist, he does not see them as “equals” or competitors.

“They are fragile and limited on a technological basis,” he said. “I do not view their underlying technology as being robust.”

This may relate to Zooko’s confusion with the privacy provision of the Mimblewimble protocol the coins used. “To whom is the user’s private data revealed? Is it revealed to the miners? I don’t understand this part,” he wrote on Twitter last year.

The two new privacy-geared coins have attracted growing attention of late, with Grin recently listed on exchanges KuCoin and OkEx and nearing a Y2050 $8 billion market cap at the time of writing.  

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