Zcash Foundation Denies Connection to Third-Party Token Standards

The Zcash Foundation has issued a statement denying any connection to two third-party products, ZRC-20 and CASH token.

The foundation stated that it had no prior knowledge of either product and urged users to conduct their own research before interacting with them.

ZRC-20 is a draft specification for a fungible-token system that stores JSON instructions inside encrypted memo fields attached to shielded Zcash outputs.

The proposed standard does not require any changes to the Zcash protocol or formal ZIP approval and relies on off-chain indexers to maintain token balances.