Grayscale: Zcash Monthly Active Developer Count Doubles Over Two Years; About 70% Have More Than One Year of Crypto Development Experience

According to TechFlow, on November 12, Zach Pandl, Head of Research at Grayscale, noted in a research report that over the past two years, the number of monthly active developers for privacy coin project Zcash roughly doubled, contrasting with the broader crypto industry's trend of developer counts declining from their peak over the same period.

The report showed that about 70% of Zcash active developers have more than one year of development experience in the crypto industry, higher than the industry-wide average of 58%. Their technical focus areas include zero-knowledge proofs, post-quantum cryptography, wallet usability, and cybersecurity.

Grayscale believes that a continuously growing developer community could drive innovation in the Zcash protocol and the development of privacy payment applications, and may support ZEC's long-term valuation. However, this is Grayscale's research judgment, not a definitive price forecast.

Source: TechFlow