Bitcoin Privacy Extension Zerocoin to Morph Into Its Own Altcoin
It was last year when a project by the name of Zerocoin came about. First designed to be a proposed privacy extension built atop the already widely-used bitcoin digital currency, Zerocoin has decided to take things to the next level by morphing into its own altcoin. The news was announced by John Hopkins University cryptography professor Matthew Green today at the Real World Crypto conference in New York. Green says that Zerocoins will enter circulation in May, when Zerocoin enters a beta period. Much like bitcoin, Zerocoin will have its own blockchain and miners, but it will also have the....
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Researchers at Johns Hopkins University are proposing a cryptographic extension to bitcoin that could enable fully anonymous transactions on the network. The extension, called Zerocoin, works - as NewScientist explains it - by "allowing bitcoin users to leave their coins floating on the network for someone else to redeem, on the condition that they can redeem the same amount of bitcoin, similarly left floating on the network, at an arbitrary time in the future." "Anyone can put bitcoins in, and anyone else can take one out," Johns Hopkins researcher Matt Green says. "The anonymity comes....
Anoncoin hopes to use Zerocoin to allow for more anonymous transactions. Although we recently learned that Zerocoin will not be implemented in Vertcoin, there are still a few other cryptocurrency developers out there who want to make their particular coins as anonymous as possible. One of the cryptocoins with the longest standing traditions of protecting the privacy and anonymity of its users is Anoncoin. The cryptocurrency was made specificlaly for the dark web, which means allowing anonymous transactions is the most important feature for this coin. Many people have been trying to get the....
During the past month, the Anoncoin price has continued the downward trend catalyzed by October's abrupt Zerocoin delay. Anoncoin has released a new development schedule to try to get back on track, but investors should remain cautious about the privacy-centric altcoin. Also Read: Anoncoin Price Crashes After Developer Announces Zerocoin Delay. Anoncoin Price Continues to Trend Down. The Anoncoin price soared to the top echelon of the market cap charts in mid-October ahead of the release date for Zerocoin-Anoncoin's key anonymizing feature. However, Zerocoin lead developer Gnosis abruptly....
Anoncoin is almost ready to release a Zerocoin implementation on a testnet. Many people in the Bitcoin community have been fascinated by the idea of a relatively new project called Zerocoin. Although the Bitcoin core developers don't seem like they're going to implement this feature for improve anonymity on the Bitcoin blockchain, that won't stop other altcoins from doing just that. The original team behind the Zerocoin Project is actually working on a new cryptocurrency based on a deviation from Zerocoin, known as Zerocash, but that hasn't stopped another altcoin community from....
Vertcoin does not think Zerocoin implementation would be a good move. Over the past few weeks, there have been rumors that Vertcoin could soon implement a variation of Zerocoin to enhance privacy and anonymity in this particular cryptocurrency. I recently talked with Paul Bradley, one of the developers of Vertcoin, to clear the air on what kinds of features we are going to see added to Vertcoin in the near future. While Bradley stated Zerocoin implementation is probably off the table due to the negatives outweighing the positives, there are are still a few privacy-enhancing features that....