Zcash creator ECC unveils Q4 2025 roadmap as privacy token's price and shielded supply surge
Quick Take Electric Coin Co. (ECC), which created privacy coin Zcash and develops the network’s Zashi wallet, has unveiled its roadmap for the fourth quarter of 2025. The roadmap calls for increased usage of temporary addresses to improve private swaps, along with quality-of-life fixes for Keystone hardware wallet users. Zcash’s supply and price have both ballooned in recent months, as users seek private transactions powered by zero-knowledge proofs.
Electric Coin Co. (ECC), the firm which created Zcash (ZEC) and develops the Zashi wallet, has unveiled its roadmap for the fourth quarter of 2025, amid a surge in the privacy-oriented token's shielded supply and price.
ECC's roadmap lists four key priorities: adding ephemeral addresses for every swap to ZEC using the multichain NEAR Intents protocol , generating a new transparent address after a user's current address receives funds, allowing Keystone hardware wallet users to resync their devices, and supporting Pay-to-Script-Hash (P2SH) multisig wallets in Keystone. ECC plans to use one such multisig wallet to secure the management of Zcash developer funds.
"This quarter, ECC’s focus is on reducing technical debt, improving privacy and usability for Zashi users, and ensuring smooth dev fund management," the firm's announcement states. "As market conditions and other factors impact ECC revenue (positively or negatively), we will re-tune our approach, refocus our efforts, and step on the gas."
These moves build on Zashi’s recent decentralized off-ramp for shielded ZEC, from Aug. 28, and the decentralized on-ramp (“Swaps”) release from Oct. 1, after which ECC temporarily disabled the Coinbase on-ramp over a new session-token requirement it viewed as privacy-unfriendly. The planned Q4 features effectively harden that flow by minimizing address reuse around swaps and simplifying hardware-signer ops.
The roadmap comes as Zcash's shielded supply and price have ballooned in recent months . The token currently trades at around $420, according to The Block's Zcash Price page , up from just $50 in mid-September. The token's market capitalization recently flipped that of competing privacy coin Monero.
The supply of shielded tokens in Zcash's Orchard privacy protocol, the most recent version of Zcash's protocol (though it maintains backwards compatibility with the earlier Sprout and Sapling versions), recently surpassed 4.1 million tokens, according to ZecHub data. The bulk of the growth in supply since mid-September has been in the Orchard protocol.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The AI boom may follow the path of the 19th-century railway bubble, and builders may not be the ultimate winners
Goldman Sachs analyst Bobby Molavi compared the current situation to the 19th-century British railway mania: 500 companies spent more than the nation's annual income building 8,000 miles of railway, with most early investors losing out, while the real beneficiaries were the later "passengers." He pointed out that the current AI craze is driven by both debt and momentum, and that the S&P 500’s forward P/E ratio of 18x is only "a bit cheaper." Whether the builders can retain value is uncertain, and history does not offer an optimistic answer.
If Anthropic's IPO goes smoothly and the stock price rises next week, then everything remains the same for AI. Otherwise, some companies will go bankrupt.
The shrinking valuations of two major giants have triggered a chain reaction—investors are adopting more conservative revenue multiples for AI startups and are directly halting high-valuation financing for companies with zero revenue. Multiple venture capital firms have advised their portfolio companies to lower valuation expectations and to quickly build up cash reserves. Market participants warn that the outcome of Anthropic’s IPO will be a barometer for the industry: if successful, the boom will continue; if it fails, some companies may face elimination.
After the Brazilian election, political discount deepens; Morgan Stanley remains bullish on Petrobras (PBR.US), focusing on fuel pricing and dividends
Morgan Stanley still maintains its most optimistic "Overweight" rating, but has lowered its year-end 2027 target price from $31 to $25.
Corning (GLW.US) receives initial "Buy" rating from Jefferies! AI factories driving a fiber optic rush, with a potential global supply gap of up to 30%
For Corning, the recent profit growth mainly comes from the expansion of AI clusters. As the number of optical links crossing cabinets and campuses increases, customers need to deploy more optical fibers within limited conduit and cabinet space, thus driving demand for high-density optical cables and connection systems.
Crypto prices
More
