Grayscale: Zcash’s monthly active developer count doubled within two years, with approximately 70% having over one year of crypto development experience.

On November 12, a research report published by Grayscale's Head of Research, Zach Pandl, indicated that over the past two years, the number of monthly active developers for the privacy coin project Zcash has roughly doubled, contrasting with the industry-wide trend of developer numbers receding from their peak during the same period.

The report shows that approximately 70% of Zcash's active developers possess more than one year of development experience in the cryptocurrency industry, surpassing the overall industry average of 58%. Developers' technical focuses span zero-knowledge proofs, post-quantum cryptography, wallet usability, and cybersecurity.

Grayscale believes that the continuously growing developer community is expected to drive Zcash protocol innovation and the advancement of privacy-focused payment applications, potentially providing a foundation for ZEC's long-term valuation. However, this represents Grayscale's research assessment rather than a definitive price prediction.