AI has made it cheap to link wallet addresses to the people behind them, and the permanence of the blockchain means records don’t age out. Michael Zhao of Grayscale Research explains how Zcash’s shielded transactions address this problem, and why close to 29% of all ZEC ever mined now sits in the shielded pool.
By Helene Braun|Edited by Kim Greenberg Klemballa
Oct 7, 2026, 11:03 a.m. EDT
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