Zcash Brings More Privacy Than Bitcoin

Zcash Brings More Privacy Than Bitcoin

Bitcoin is decentralized, fast, cheap, safe and ... public. Those are the very simplified characteristics of the technology changing the world since its birth in 2009. All network transactions are what is called ‘pseudonymous’, meaning even if it's not all that easy to assign particular identities to a sender or recipient, all other transactional data is easy to find with one click. Indeed, anonymity can be maintained by using various tools, but the protocol does not directly include this feature. It is exactly this fact, in conjunction with the increased efforts by state regulators to try....


Related News

Is Zcash Giving Investors Mixed Signals?

Zcash has been giving investors some relatively mixed signals, making crypto-enthusiasts a little unsure of where they stand. Following the digital currency’s recent launch, trading on Poloniex shot to explosive records, and the price of Zcash reached approximately $2 million per coin, an incredible improvement over the mere $1,000 investors were paying near the beginning. Matthew Green, an assistant professor at Johns Hopkins University who began working on Zcash three years ago, explained some of the motivation behind the cryptocurrency’s birth: “The basic story is that we have been....

Zcash CEO Zooko Discusses Privacy and Efficiency Tradeoffs vs the Bitcoin Blockchain

Zcash, which is an implementation of the zerocash concept, is often referred to as the first form of truly anonymous digital cash. While Bitcoin been called a haven for criminals by many misinformed individuals, the reality is Satoshi Nakamoto’s creation is a mostly-transparent ledger. Although Zcash enables the highest level of privacy currently allowed by cryptography, there are still some potential issues (mostly unrelated to privacy) for the financial-anonymity protocol to overcome. Zcash CEO Zooko Wilcox-O’Hearn recently discussed some of these issues on Epicenter Bitcoin. Privacy....

Zcash Creator on the Upcoming Zcash Launch, Privacy and the Unfinished Internet Revolution

In January, Bitcoin Magazine reported that a public alpha technology preview of Zcash, “a decentralized and open-source cryptocurrency that aims to set a new standard for privacy and anonymity through the use of groundbreaking cryptography,” had been released on Github. Zcash offers total payment confidentiality, while maintaining a decentralized network using a public blockchain. Unlike Bitcoin, Zcash transactions automatically hide the sender, recipient and value of all transactions on the blockchain. Only those with the correct view key can see the contents. Users have complete control....

With Launch of Zcash Approaching, Mining Companies Get Prepared

The October 28 launch of Zcash has increased the community interest in the privacy-focused cryptocurrency. As Bitcoin Core prepares its own privacy feature Mimblewimble, Zcash hopes to become the first cryptocurrency that is “all about privacy.” Founded by cryptography expert Zooko Wilcox and advised by prominent figures including Vitalik Buterin, Zcash is a cryptocurrency based on an innovative cryptography called zkSNARKs. Initially, the concept of Zcash was introduced by Wilcox to provide a sense of anonymity between senders, receivers, and the value of transactions. Moreso, the....

Bitcoin AMA: Zooko Wilcox, CEO of Zcash, The ‘Privacy-Preserving’ Variant of Bitcoin

The biggest Ask-Me-Anything event in the history of Bitcoin will host its latest session with Zooko Wilcox, CEO of Zcash starting Monday, Feb 1 at 19:00 UTC. Formerly know as Zerocoin and Zerocash, Zcash is a privacy-focused Bitcoin alternative, some of whose advisors include Bitcoin Foundation’s Chief Scientist, Gavin Andresen and Ethereum Chief....