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Dragonfly's Qureshi urges Zcash fund to end by 2028 after completing key protocol upgrades.

Protocol Fundamentals
18 Sep 2026
Crypto Briefing
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Neutral
Dragonfly's Qureshi urges Zcash fund to end by 2028 after completing key protocol upgrades.

Haseeb Qureshi, managing partner at Dragonfly, calls for Zcash's development fund to continue only until its planned end in November 2028. He stresses finishing crucial technical upgrades—Tachyon performance improvements, quantum resistance, and formal verification against AI threats—before shutting down the fund. The fund has grown to over $95 million due to ZEC's price rise, raising concerns about institutional control and politicization. Qureshi advocates limiting coinholder voting in favor of expert committee oversight during this final phase to ensure focused technical progress. The Zcash community will discuss the funding model's future at Zcon7 in October 2026, with a firm 2028 deadline potentially reinforcing a clear development endpoint.

Zcash trades at Rp25,871,484 on Pluang as of Sep 18, 2026, 19:03 WIB, showing a 6.59% increase in one day. The market cap stands at Rp7.04 trillion with a 24-hour volume of Rp787.62 million. ZEC's circulating supply is 16.3 million out of 21 million coins, with a typical hold time of 106 days on the platform.

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