Zcash Shielded Assets
Zcash Shielded Assets (ZSA) are a proposed improvement to the the Zcash protocol that would enable the creation, transfer, and burn of custom assets on the Zcash chain.
If you are familiar with the ERC-20 token standard on the Ethereum blockchain, ZSAs are to Zcash as ERC-20 tokens are to Ethereum.
Zcash Shielded Assets would enable the creation of custom tokens on the Zcash blockchain, thereby allowing tokens other than ZEC to benefit from the anonymity and privacy of shielded transactions on the Zcash blockchain.
A major potential use of ZSAs would be for the issuing of stablecoins on the Zcash protocol. Stablecoins are cryptocurrencies that peg their value to a fiat currency, such as the US Dollar or Euro. Currently, some of the most widely circulated stablecoins are ERC-20 tokens such as USDC and Dai.
Another potential use of ZSAs would be for the issuing of governance tokens. For example, Zechub (the publisher of this wiki) is a Decentralized Autonomous Organization (DAO) and could create and issue to its members a ZSA for the purpose of voting on proposals and governance decisions.
ZSAs are being developed by QEDIT, under a major grant from the Zcash Foundation in collaboration with the Electric Coin Company. As this project is still being actively developed, updates are posted on of the Zcash forum. The by QEDIT is available from the Zcash Foundation grants website.
