StarkWare CEO Says Zcash Gain Is Partly Driven by Concerns Over Bitcoin Rigidity
JH Kim
Summary
- Eli Ben-Sasson said one factor behind Zcash (ZEC)'s rise is concern over Bitcoin (BTC)'s excessive rigidity.
- He said market concern that the Bitcoin protocol and ecosystem have become too rigid to adapt to change is partly linked to Zcash's recent rally.
- He also said the perception that Bitcoin has become overly ossified could steer some investors and users toward other cryptocurrencies such as Zcash, while adding that this is only one of several factors.
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Eli Ben-Sasson, co-founder and chief executive officer of StarkWare, said concern over Bitcoin's increasing rigidity is one factor behind Zcash's rise.
Cointelegraph reported on September 17 that Ben-Sasson linked Zcash's recent gains in part to market concerns that Bitcoin's protocol and ecosystem have become too rigid to adapt to change.
He said the perception that Bitcoin has become overly ossified could help shift some investors and users toward other cryptocurrencies such as Zcash.
Ben-Sasson did not describe that concern as the sole reason for Zcash's advance, instead presenting it as one of several factors.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.