Zcash Developer Josh Swihart Halts Crosslink Staking Upgrade, Warns It Could Hurt ZEC

Josh Swihart, the founder of ZODL and a prominent contributor to the Zcash ecosystem, has paused development of the Crosslink staking upgrade for ZEC. Swihart publicly stated that the proposed mechanism is 'not good for Zcash,' according to reporting from U.Today and AMBCrypto. Crosslink has been positioned as a potential path for Zcash to introduce staking functionality. Staking allows token holders to lock up assets to help secure a network, typically in exchange for rewards. Many proof-of-stake blockchains use staking as a core security and incentive mechanism.