Altcoin Report: Zcash ‘Bug’ Diminshes Privacy
Zcash encounters technical problems, Mintcoin proves controversial, and BipCoin makes its debut. Want to catch up on your latest altcoin news? Read the stories below. ZCASH. Zcash, the latest addition to the world of altcoins, has encountered a bug that prevents private transactions. The official website states: “There is one known bug, which causes private transactions (those in which all of the inputs and outputs are shielded addresses) not to get mined. We’re going to release v1.0.1 shortly to fix it.” Funds sent to “t” addresses can be processed, while “z” addresses are out of the....
Related News
ShapeShift.io integrates Zcash, a “time-based” cryptocurrency looks to change the labor market, and Wall of Coins is assimilating Dash support. Want to catch up on your latest altcoin news? Read the stories below. ZCASH. ShapeShift.io has integrated Zcash into its exchange platform, giving customers newfound access to Zcash trading and selling. ShapeShift’s CEO and founder Erik Voorhees expressed enthusiasm over the move, stating: “Zcash finally fulfills an early promise of bitcoin technology – the ability to transact freely and privately with anyone in the world. This protects the right....
A group of European hackers is holding an ICO for an altcoin that it claims is a version of ZCash that has improved privacy and anonymity, the group announced in a prepared statement. The self-described “ethical” hackers group views this altcoin, called Ebitz, as suited for use on the Deep Web. Ebitz tokens will be available for purchase through Dec. 26 or until it reaches its 500 BTC goal. Unlike ZCash, Ebitz doesn’t support “founder rewards.” The consensus algorithm has been changed to proof-of-stake to prevent the platform from being controlled by few centralized GPU farms. An Improved....
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....
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....