Zcash Foundation disowns ZRC-20 and CASH token
The Zcash Foundation has denied any connection to two third-party products, ZRC-20 and the CASH token, after a post published through its X account described them as additions to the Zcash network. Zcash Foundation says it had no prior knowledge The Zcash Foundation said in a statement that it had not known about the ZRC-20 project or the related CASH token before the matter emerged publicly. According to the organization, both products come from an independent third party and are not official parts of the Zcash protocol. The clarification followed an X post published through the Foundations account that announced a token standard for Zcash. The post said ZRC-20 would soon allow users to deploy, mint, and transfer tokens on the privacy-focused blockchain, with CASH presented as the first token using the system. “Zcash now has a token standard,” the post said before directing users to the projects website. In its later response, however, the Foundation rejected any association with the products and urged users to conduct their own research before interacting with them. The statement identified ZRC-20 as a privately developed system rather than a feature created, approved, or operated by the nonprofit. No public explanation has established how promotional material for an unrelated project
