According to CoinDesk, Zcash (ZEC) announced its plan to launch a 'quantum-recoverable' wallet within a month and transition its network to a fully Post-Quantum system within the next 12 to 18 months. Josh Swihart, CEO of Zcash Development Lab, explained, 'We are building a structure that allows users to securely transfer and recover assets in preparation for future quantum computer threats,' adding, 'While Bitcoin functions as a store of value, it has limitations in terms of a privacy-based P2P payment system.' Meanwhile, Zcash also added that it is simultaneously working on expansion to secure transaction throughput comparable to Visa and Mastercard.
