ShapeShift returns to privacy with Zcash Shield support

Decentralized ShapeShift aggregator added support for Zcash private transactions again, bringing focus to user privacy.

The ShapeShift platform, working as a multi-chain DEX aggregator and a wallet with self-control, announced the return of the function Shielded Zcash transactions – operations where the sender, recipient’s data and amount remain hidden.

Integration implemented with the support Zcash Community Grants Foundation, which highlighted $50,000 development and marketing improvements. Project representatives noted that the purpose of the update is Offer users genuine privacy on the blockchain.

Return to Privacy Philosophy

earlier, in 2020, ShapeShift was forced Remove anonymous coins from listing due to regulator pressure. However, the company later completely switched to the decentralized DAO modelwhere decisions are made by the community, and the mandatory KYC checks are canceled.

“The integration of ZEC’s Shielded Transactions into ShapeShift DAO opens the way to really free and anonymous money,” said Zcash Grants. “Users can now receive and use ZEC without centralized exchanges, which is fully consistent with the philosophy of privacy, freedom and self-control.”

New technical base

Today ShapeShift is Decentralized Autonomous Organization (DAO), not a centralized company, as it was a few years ago.

To ensure the operation of the updated infrastructure is used Liquify node network, and the application interface was redesigned – now it received Pure Uniswap style, adapted for mobile devices.

Source: Shapeshift

pressure privacy regulators

According to Arthur Firstov, development director in the company MercuryO, ‘Privacy is the foundation of trust.’

He noted that Zcash uses zero-disclosure technology (Zero-Knowledge Proofs)which allows you to confirm the correctness of the transaction without disclosing the data about the participants.

Since the launch of Zcash in 2016, ZK-evidence has become one of the key areas in cryptography. However, decisions that ensure financial anonymity are still meet resistance from regulators.

Recent EU initiatives, for example, involve Ban on anonymous tokens and wallets As part of the new rules to combat money laundering, which should come into force in 2027.

Some analysts believe that the tightening of control can, on the contrary, Increase demand for private assets. So, according to the head of CryptoQuant, Ki Yeon Joo, in the future, they may gain more and more popularity ‘Dark Stablecoins’ – Stable tokens that are not subject to censorship and maintaining user anonymity.

📍Shapeshift continues to move towards complete decentralization, relying on the principles of freedom, self-control and privacy in the crypto economy.