Zcash completed a 48-hour blind auction selling 8,000 encrypted digital identities at a uniform price of 1.5 ZEC each, attracting 16,971 bids totaling over 25,000 ZEC. The auction used privacy-focused zk-SNARK cryptography to keep bids and bidder identities confidential. These digital identities are intended for on-chain reputation and governance access, enabling private community participation. The auction also featured cross-chain bidding via NEAR Intents, allowing users with ETH, SOL, or stablecoins to participate seamlessly.
Zcash shows a market cap of Rp7,04 trillion and a 24-hour trading volume of Rp787,62 million on Pluang as of September 17, 2026, 23:42 WIB. The price of ZEC is Rp26.129.885, up 16.16% in one day, reflecting strong recent interest. The auction's success in selling 8,000 encrypted digital identities aligns with this momentum, highlighting growing demand for privacy-focused blockchain solutions.
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