Ripple’s Xpring and the creators of ZCash have been connected to a joint investment into a cryptocurrency startup looking to take privacy tokens mainstream.
Bolt is a private, off-chain cryptocurrency being designed on top of the existing ZCash cryptocurrency, with a focus on handling the issue of scaling. Among the crowd of investors into the startup are Ripple’s fundraising division Xpring, Electric Coin Company–the firm behind ZCash–and ZCash’s founder Zooko WIlcox.
In a blog post detailing the new investment, Xpring explained that Bolt is exemplifying the new “layered” approach to cryptocurrency development. Similar to the layered protocol architecture of the internet, Bolt is apart of a growing collection of projects being built upon existing cryptocurrency framework–thereby allowing it to tack specific problems,
“Similar to the internet’s layered protocol architecture, we’re seeing an analogous stack emerge in crypto. Separate layers allow…
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