Zcash Warns Against Unauthorized Token Standard: ZRC-20 Not Associated with Official Project
The Zcash Foundation issued a clear and direct warning to users regarding the ZRC-20 token standard, stating that it is not affiliated with or endorsed by them.
ZRC-20 is an experimental token framework that allows anyone to deploy, mint, and transfer tokens directly on the Zcash chain without requiring protocol upgrades or special permission from the network. It's built on the same core concept as BRC-20, which launched on Bitcoin in 2023, adapted with modifications for the Zcash network.
The team behind ZRC-20 responded to the warning by thanking Zcash and clarifying that everything about ZRC-20 is experimental and early-stage, with no promise or expectation of value. They also confirmed that ZRC-20 is not affiliated with the Zcash Foundation or development team.