{"id":80271,"date":"2025-12-02T10:10:11","date_gmt":"2025-12-02T01:10:11","guid":{"rendered":"https:\/\/nextmoney.jp\/?p=80271"},"modified":"2025-12-02T10:10:11","modified_gmt":"2025-12-02T01:10:11","slug":"%e3%83%b4%e3%82%a3%e3%82%bf%e3%83%aa%e3%83%83%e3%82%af%e3%83%bb%e3%83%96%e3%83%86%e3%83%aa%e3%83%b3%e3%81%8czcash%e3%81%ae%e3%83%88%e3%83%bc%e3%82%af%e3%83%b3%e6%8a%95%e7%a5%a8%e5%b0%8e%e5%85%a5","status":"publish","type":"post","link":"https:\/\/nextmoney.jp\/?p=80271","title":{"rendered":"\u30f4\u30a3\u30bf\u30ea\u30c3\u30af\u30fb\u30d6\u30c6\u30ea\u30f3\u304cZcash\u306e\u30c8\u30fc\u30af\u30f3\u6295\u7968\u5c0e\u5165\u306b\u5f37\u3044\u8b66\u9418"},"content":{"rendered":"

\u30d6\u30c6\u30ea\u30f3\u6c0f\u304cZcash\u30c8\u30fc\u30af\u30f3\u6295\u7968\u306e\u5c0e\u5165\u306b\u5f37\u3044\u61f8\u5ff5\u3092\u793a\u3057\u305f<\/h2>\n

\u30a4\u30fc\u30b5\u30ea\u30a2\u30e0\u5171\u540c\u5275\u8a2d\u8005\u306e\u30f4\u30a3\u30bf\u30ea\u30c3\u30af\u30fb\u30d6\u30c6\u30ea\u30f3\uff08Vitalik Buterin\uff09\u6c0f\u304c\u3001\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u91cd\u8996\u306e\u4eee\u60f3\u901a\u8ca8\u30b8\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\uff08Zcash\/ZEC\uff09<\/a>\u306b\u304a\u3051\u308b\u30c8\u30fc\u30af\u30f3\u30d9\u30fc\u30b9\u306e\u6295\u7968\u5236\u5ea6\u306b\u3064\u3044\u3066\u8b66\u544a\u3092\u767a\u3057\u305f\u3002<\/p>\n

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\n<\/p>\n

\u30c8\u30fc\u30af\u30f3\u6295\u7968\u304c\u3082\u305f\u3089\u3059\u69cb\u9020\u7684\u306a\u30ea\u30b9\u30af<\/h3>\n

Zcash\u30b3\u30df\u30e5\u30cb\u30c6\u30a3\u3067\u306f\u3001\u52a9\u6210\u91d1\u3092\u5be9\u67fb\u30fb\u627f\u8a8d\u3059\u308bZCG<\/a>\uff08Zcash\u30b3\u30df\u30e5\u30cb\u30c6\u30a3\u52a9\u6210\u91d1\u59d4\u54e1\u4f1a\uff09\u306e\u3042\u308a\u65b9\u3092\u5de1\u308a\u3001\u4eca\u5f8c\u306e\u30ac\u30d0\u30ca\u30f3\u30b9\u8a2d\u8a08\u304c\u91cd\u8981\u306a\u8ad6\u70b9\u3068\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n

\u3053\u3046\u3057\u305f\u8b70\u8ad6\u304c\u9032\u3080\u4e2d\u3001\u30d6\u30c6\u30ea\u30f3\u6c0f\u306f2025\u5e7411\u670830\u65e5\uff08\u65e5\u66dc\u65e5\uff09\u306bX\u3078\u6295\u7a3f\u3057\u3001\u30c8\u30fc\u30af\u30f3\u6295\u7968\u306e\u63a1\u7528\u306b\u53cd\u5bfe\u3059\u308b\u7acb\u5834\u3092\u660e\u78ba\u306b\u3057\u305f\u3002\u540c\u6c0f\u306f\u3001\u30c8\u30fc\u30af\u30f3\u6295\u7968\u306b\u306f\u7968\u306e\u8cb7\u53ce\u304c\u5bc6\u304b\u306b\u6210\u7acb\u3057\u3084\u3059\u3044\u69cb\u9020\u304c\u3042\u308b\u3053\u3068\u3084\u3001\u5927\u53e3\u4fdd\u6709\u8005\u3078\u5f71\u97ff\u529b\u304c\u96c6\u4e2d\u3059\u308b\u3053\u3068\u3001\u5c0f\u898f\u6a21\u4fdd\u6709\u8005\u306e\u52d5\u6a5f\u4ed8\u3051\u304c\u5f31\u307e\u308a\u610f\u601d\u6c7a\u5b9a\u304c\u504f\u308b\u3053\u3068\u306a\u3069\u3001\u6839\u672c\u7684\u306a\u8106\u5f31\u6027\u304c\u3042\u308b\u3068\u6307\u6458\u3057\u305f\u3002\u7279\u306bZcash\u306e\u4e2d\u6838\u306b\u3042\u308b\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u4fdd\u8b77\u306b\u3064\u3044\u3066\u300c\u4e2d\u9593\u5c64\u306e\u30c8\u30fc\u30af\u30f3\u4fdd\u6709\u8005\u306b\u59d4\u306d\u308c\u3070\u6642\u9593\u3068\u3068\u3082\u306b\u4fb5\u98df\u3055\u308c\u308b\u300d\u3068\u8b66\u544a\u3057\u3001\u73fe\u884c\u306e\u59d4\u54e1\u4f1a\u5236\u5ea6\u3088\u308a\u3082\u4e0d\u5b89\u5b9a\u306a\u7d50\u679c\u3092\u62db\u304f\u53ef\u80fd\u6027\u3092\u793a\u3057\u305f\u3002<\/p>\n

\n

I hope Zcash resists the dark hand of token voting.<\/p>\n

Token voting is bad in all kinds of ways (see https:\/\/t.co\/Cvl7CFVgtc<\/a> ); I think it’s worse than Zcash’s status quo.<\/p>\n

Privacy is exactly the sort of thing that will erode over time if left to the median token holder. https:\/\/t.co\/NbRqGLOrpj<\/a><\/p>\n

\u2014 vitalik.eth (@VitalikButerin) November 30, 2025<\/a><\/p><\/blockquote>\n

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\n<\/p>\n

\u59d4\u54e1\u4f1a\u3068\u5e02\u5834\u539f\u7406\u306e\u3042\u3044\u3060\u3067\u63fa\u308c\u308bZcash\u30ac\u30d0\u30ca\u30f3\u30b9<\/h3>\n

Helius\uff08\u30d8\u30ea\u30a6\u30b9\uff09\u306eCEO\uff08\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff09\u3067Zcash\u652f\u6301\u8005\u306e\u30e1\u30eb\u30c8\u30fb\u30e0\u30e0\u30bf\u30ba\uff08Mert Mumtaz\uff09\u6c0f\u306f\u3001\u4eca\u56de\u306e\u8b70\u8ad6\u3092\u300c\u4eee\u60f3\u901a\u8ca8\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u5168\u4f53\u306b\u5171\u901a\u3059\u308b\u8ab2\u984c\u300d\u3068\u6349\u3048\u3066\u3044\u308b\u3002<\/p>\n

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\u4e00\u65b9\u3067\u3001\u30aa\u30f3\u30c1\u30a7\u30fc\u30f3\u6295\u7968\u306b\u3082\u5927\u53e3\u4fdd\u6709\u8005\u306e\u5f71\u97ff\u304c\u5f37\u307e\u308b\u30ea\u30b9\u30af\u3084\u3001\u6295\u7968\u8005\u306e\u7121\u95a2\u5fc3\u3068\u3044\u3063\u305f\u8ab2\u984c\u304c\u3042\u308b\u3068\u306e\u6307\u6458\u3082\u30b3\u30df\u30e5\u30cb\u30c6\u30a3\u304b\u3089\u4e0a\u304c\u3063\u3066\u3044\u308b\u3002Zcash\u5275\u8a2d\u8005\u306eZooko\uff08\u30ba\u30fc\u30b3\uff09\u6c0f\u306f\u3001\u73fe\u5728\u306e\u59d4\u54e1\u4f1a\u5236\u5ea6\u306f\u9577\u5e74\u306e\u8b70\u8ad6\u3068\u8a66\u884c\u932f\u8aa4\u306b\u3088\u3063\u3066\u6210\u719f\u3057\u3066\u304d\u305f\u3068\u3057\u3064\u3064\u3001\u52a9\u6210\u91d1\u7533\u8acb\u306e\u6025\u5897\u3084ZEC\u306e\u4fa1\u683c\u4e0a\u6607\u306a\u3069\u3001\u74b0\u5883\u5909\u5316\u3078\u306e\u5bfe\u5fdc\u304c\u6c42\u3081\u3089\u308c\u3066\u3044\u308b\u3068\u8ff0\u3079\u305f\u3002
\n<\/br><\/p>\n

\u30aa\u30f3\u30c1\u30a7\u30fc\u30f3\u3068\u59d4\u54e1\u4f1a\u306e\u5f79\u5272\u3092\u5de1\u308b\u898b\u89e3\u306e\u6574\u7406<\/h4>\n

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ZEC\u306f\u3053\u3053\u6570\u30ab\u6708\u3067\u6025\u6fc0\u306a\u5024\u52d5\u304d\u3092\u898b\u305b\u3066\u304a\u308a\u3001\u5e02\u5834\u74b0\u5883\u306e\u5909\u5316\u304c\u30ac\u30d0\u30ca\u30f3\u30b9\u8ad6\u4e89\u3092\u3044\u3063\u305d\u3046\u8907\u96d1\u306b\u3057\u3066\u3044\u308b\u3002\u4eca\u56de\u306e\u8b70\u8ad6\u306f\u3001Zcash\u304c\u63b2\u3052\u308b\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u306e\u7406\u5ff5\u3068\u5e02\u5834\u539f\u7406\u306e\u6298\u308a\u5408\u3044\u3092\u3069\u3046\u3064\u3051\u308b\u304b\u3068\u3044\u3046\u672c\u8cea\u7684\u306a\u554f\u3044\u3092\u7a81\u304d\u3064\u3051\u3066\u3044\u308b\u3002\u30d6\u30c6\u30ea\u30f3\u6c0f\u306e\u767a\u8a00\u306f\u305d\u306e\u8b70\u8ad6\u3092\u5927\u304d\u304f\u5f8c\u62bc\u3057\u3057\u3001Zcash\u30b3\u30df\u30e5\u30cb\u30c6\u30a3\u306e\u4eca\u5f8c\u306e\u9078\u629e\u304c\u6ce8\u76ee\u3055\u308c\u3066\u3044\u308b\u3002<\/p>\n\n

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