Encifher Brings Zcash Privacy Back to Solana With eZEC Encryption Tech

**Encifher’s eZEC Brings Privacy to ZEC Transactions on Solana**

Zcash (ZEC) has experienced a remarkable price surge this month, increasing by over 380% and reaching $375. This surge has sparked greater interest in integrating ZEC into various blockchain ecosystems, including Solana. However, this expansion has raised concerns about preserving the privacy features that Zcash is known for.

### ZEC’s Price Surge and Integration into Solana

Several factors have contributed to ZEC’s recent price rally, such as the upcoming ZEC halving event and the introduction of Grayscale’s ZEC Trust. As the token gains traction, users seek faster and more cost-effective networks to trade ZEC.

On October 16, 2025, the Zolana bridge launched wrapped ZEC (wZEC) on Solana, enabling users to move ZEC across Solana’s fast and low-cost network. Despite this benefit, wrapped ZEC lacks the privacy protections native to Zcash. Unlike native ZEC, wrapped versions on Solana are treated as standard Solana Program Library (SPL) tokens, making transaction data and balances visible on the blockchain. This transparency compromises the privacy-centric ethos that Zcash was built upon, drawing concerns from privacy-focused users.

### Encifher’s Privacy Solution: eZEC

To bridge this gap, Encifher has introduced eZEC—an encrypted, re-wrapped version of ZEC that restores its privacy features on Solana. By leveraging advanced cryptographic technologies, Encifher empowers users to conduct private, encrypted transactions on Solana without sacrificing performance or cost-efficiency.

At the core of Encifher’s solution is **fully homomorphic encryption (FHE)**, which enables computations on encrypted data without needing to decrypt it first. This means transaction details such as user balances and transfer information remain confidential, even while being validated on-chain.

Encifher’s approach incorporates:

– **Threshold ElGamal Encryption:** This model requires a threshold of trusted parties to collaboratively decrypt data, ensuring no single entity has full access to sensitive information.

– **Zero-Knowledge Proofs:** These cryptographic proofs allow transactions to be verified without revealing any underlying data.

– **Off-Chain Encrypted Data Storage:** Sensitive information is stored securely off-chain, with Solana’s blockchain utilized only for cryptographic pointers, minimizing on-chain data exposure.

Additionally, Encifher employs **ephemeral accounts** that exist solely for the duration of a single transaction. These temporary accounts effectively prevent transaction linkability and tracking, bolstering user anonymity.

### Privacy-Preserving Trading on Solana’s Jupiter DEX

Encifher’s encrypted ZEC tokens are already integrated into **Jupiter**, Solana’s leading decentralized exchange (DEX). This integration enables users to trade eZEC tokens privately, taking advantage of Solana’s speed and low fees while maintaining the privacy assurances of Zcash.

The use of ephemeral accounts and multi-layer encryption protects users against privacy breaches that commonly occur on public blockchains. With Encifher’s technology, ZEC holders on Solana can finally reclaim the asset-level confidentiality and transaction privacy that Zcash originally promised.

### Conclusion

Encifher successfully bridges the gap between Zcash’s privacy features and Solana’s scalability. By introducing encrypted wrapped tokens like eZEC, Encifher allows users to enjoy the best of both worlds: the privacy of Zcash and the speed and efficiency of Solana. This innovation represents an important step forward in privacy-preserving decentralized finance (DeFi), setting a new standard for confidential transactions on high-performance blockchain networks.
https://coincentral.com/encifher-brings-zcash-privacy-back-to-solana-with-ezec-encryption-tech/

BitMine Still Buying The Dip, Tom Lee Has Scooped $1.7B ETH Since Crash

BitMine Immersion Technologies has made its fourth purchase of Ether since the record liquidity flush on October 10. On Monday, the company acquired $250 million worth of ETH from Bitgo and Kraken, according to Arkham Intelligence, which noted, “These accounts match BitMine’s prior acquisition pattern.”

### Growing ETH Holdings

This week, BitMine’s wallets purchased 63,538 ETH, following a massive buy of 379,271 ETH last week. This brings the total to 442,809 ETH, valued at approximately $1.74 billion at current prices, accumulated since the market crash. This aggressive dip buying strategy—unlike any similar movement in Bitcoin treasuries—has pushed BitMine’s total holdings to around 3.17 million ETH.

While the company has yet to officially confirm these latest purchases, if accurate, this represents about 2.6% of the entire Ethereum supply and over 50% progress toward its target of owning 5% of the asset.

### Tom Lee’s Confidence in Crypto’s Future

BitMine chairman Tom Lee remains optimistic about the market’s trajectory. “So I think we’re at the basement and working our way back up,” he told CNBC on Friday. Lee has also revealed that BitMine is preparing to launch its own Ethereum staking solution very soon.

### Market Outlook and Industry Sentiment

Coinbase shares a bullish outlook for the fourth quarter momentum in crypto markets and highlights the role of Digital Asset Treasurys (DATs). David Duong, head of research at Coinbase Institutional, emphasized in a recent paper, “Looking at the supply/demand picture, it’s hard to overstate the impact that digital asset treasury companies have had on markets this year.”

### Ether Prices Retreat Amid Market Fluctuations

Despite these positive developments, Ether prices have faced downward pressure. A recurring pattern has emerged where Asian markets pump buying activity, only for American markets to respond with selling, preventing sustained upward momentum.

On Monday, ETH reached an intraday high of $4,080 during early trading but fell back to $3,940 due to selling pressure in the US trading session. The asset has seen only marginal recovery following its double dip in October and needs to clear—and maintain—a price above $4,000 to signal meaningful progress.

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– Ethereum Reclaims $4K, Poised For Explosive Breakout, Say Analysts
https://cryptopotato.com/bitmine-still-buying-the-dip-tom-lee-has-scooped-1-7b-eth-since-crash/