At the moment, Zashi CrossPay brings Zcash’s mathematically provable, best-in-class privateness to crypto funds throughout blockchains. Anybody holding shielded ZEC can now ship funds privately in any NEAR-supported cryptocurrency.
CrossPay is essentially the most vital step but in Zashi’s mission to normalize personal funds.
The Downside:
Till now, sending crypto funds often meant giving up privateness. Hottest blockchains solely create an phantasm of privateness. Pockets addresses could appear to be random strings, however they’re everlasting identifiers: all previous and future transactions will be traced and tied to pockets house owners by blockchain surveillance firms and anybody with entry to a free block explorer website. Cost particulars (who paid whom, how a lot, and when) are saved publicly perpetually. That knowledge will be mixed with off-chain info (like change information or IP addresses) to disclose your real-life id and monetary conduct. That is harmful.
Zcashers have all the time understood the implications of utilizing different blockchains, but when they wanted to make a cost in a special cryptocurrency, that they had solely two choices:
- Purchase the forex the recipient desires and transact on a public chain.
- Or attempt to persuade the opposite individual to take shielded ZEC.
Neither possibility labored effectively. Shopping for the goal coin sometimes entails utilizing a centralized change, offering private info, after which leaving a everlasting path on a public ledger to finish the cost. On the identical time, asking somebody to modify to Zcash could be a heavy elevate, particularly when the opposite facet has fastened insurance policies on most popular cryptocurrencies, e.g. stablecoins.
The Answer: Zcash + Zashi + CrossPay
Zcash is a blockchain that provides cryptographically assured privateness. Zashi is a Zcash-powered self-custody pockets constructed by the privacy-obsessed builders of the Zcash protocol. We exit of our method to know as little as doable about Zashi customers and decrease metadata leakage.
With Zashi CrossPay, that very same privacy-first basis now powers funds throughout chains:
- Direct, frictionless funds from shielded ZEC to any in style cryptocurrency. No want to the touch another app or change.
- Any cryptocurrency will be paid privately: stablecoins, BTC, ETH, SOL, or another NEAR-supported cryptocurrency. Your privateness is protected whatever the cryptocurrency your recipient prefers. Their selections don’t should compromise your safety.
How It Works:
- Open Zashi and click on the Pay button.
- Select the cryptocurrency your recipient desires to obtain.
- Enter the vacation spot pockets handle and the goal token quantity, assessment, and ensure.
Zashi and NEAR Intents will deal with the remainder: your shielded ZEC will likely be used to cowl the cost and charges, NEAR will swap your ZEC below the hood, and your recipient will obtain the precise quantity you indicated of their chosen cryptocurrency.
Observe: In the event you’re new to Zashi, begin by downloading the app and funding it with ZEC. Use Zashi’s Coinbase integration to get ZEC in minutes utilizing a debit card (USA solely) or your Coinbase account.
This launch is a milestone for Zcash as its shielded know-how continues to increase past our neighborhood, defending anybody who desires to make a cryptocurrency cost with out compromising their privateness.
Welcome to the following period of personal funds. Shields up, everyone.
Joyful transacting.
