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. The Zcash Foundation says ZRC-20 and CASH have no official connection to the organization. ZRC-20’s draft specification relies on shielded memos and off-chain indexers. The proposed standard requires no Zcash protocol change or formal ZIP approval. U.S. investors must distinguish third-party tokens from products endorsed by a network’s developers. 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.