With Zcash Launch, Blockchain Enters the Age of Anonymity
A cryptocurrency with the promise to bring a new kind of anonymous digital transaction will launch today. With the mining of the first block of code, a new immutable ledger of transactions, known as a blockchain, will enter an already thriving market, one that boasts notable entries including bitcoin and ethereum. But the Zcash blockchain differs from bitcoin, the first public blockchain, in two key ways. First, the transactions clear in a fraction of the time. Second, and arguably more important, Zcash is based on an internally developed cryptographic tool called a zk-SNARK that doesn't....
Related News
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....
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, a new Zooko Wilcox project, has impressive list of investors and advisers, but will the new cryptocurrency pass the reality check of decentralisation and anonymity? Genesis block’s launch is near. October 28 may see the launch of the genesis block of ZCash - a new cryptocurrency from the same name project led by Zooko Wilcox. The project causes great interest: without being a genuine market player yet, the company has become a part of Digital Currency Group; the buzz around ZCash is really huge, and the currency itself was valued even before the actual release. On the surface it....
There's been plenty to gawk at since Zcash's October launch. Heralded as the world's most anonymous cryptocurrency, Zcash rode a wave of hype with its cypherpunk origin story (complete with its own secretive "ceremony") and an initial frenzy where speculators drove the price of its tokens over $1,000 before they were even released. But perhaps above all, the technology has become synonymous with the promise of its bleeding-edge cryptography, zk-SNARKS, which shield senders and receivers, as well as the balances of each zcash address. Only users with the correct "key"....
There's been plenty to gawk at since Zcash's October launch. Heralded as the world's most anonymous cryptocurrency, Zcash rode a wave of hype with its cypherpunk origin story (complete with its own secretive "ceremony") and an initial frenzy where speculators drove the price of its tokens over $1,000 before they were even released. But perhaps above all, the technology has become synonymous with the promise of its bleeding-edge cryptography, zk-SNARKS, which shield senders and receivers, as well as the balances of each zcash address. Only users with the correct "key"....