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....
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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....
Although one may assume that the demand for privacy in Bitcoin and other blockchain-based systems is coming from crypto-anarchists and libertarians, the reality is that a huge push for concealing transactions on the blockchain is coming from the traditional financial industry. During a recent cryptocurrency event at the Cato Institute, Zcash CEO and longtime cypherpunk Zooko Wilcox-O’Hearn made the point that banks, clearinghouses, payment processors and everyone else he’s talked to in the financial industry are the ones who are asking for more privacy on the blockchain. During a panel....
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....
Zcash has officially gone live. The first transaction block of the privacy-focused blockchain has been created, a development that follows months of enthusiasm as well as growing momentum from market speculators. Since it was proposed in May 2014, developers and backers have pitched Zcash as a financial tool designed to prioritize transaction privacy, one that could also solve for issues like fungibility that still affect bitcoin. Yet the project has had its detractors, including those who question the startup's business model and how it derives funding, in part, from the network itself.....
There has been growing controversy over new cryptocurrency Zcash, since a tweet by Edward Snowden suggested that it will encourage tax protests. Snowden’s tweet was attached to a post by The New York Times, where Zcash was described as a “harder-to-trace virtual currency.” Snowden wrote in regard to the article: “Coincidentally, new technologies raise the possibility of unstoppable tax protests.” Selective disclosure. Created by computer scientists at Johns Hopkins University and Massachusetts Institute of Technology, Zcash has been claimed to have secured $3 mln in backing from Silicon....