Zcash Bug Prevents Private Transactions Soon After Launch
Just after Zcash launched, the anonymous new digital currency that has taken the crypto world by storm, a bug was found that apparently prevents private transactions from being mined. Zcash’s official website states: “There is one known bug, which causes private transactions (those in which all of the inputs and outputs are shielded addresses) to not get mined. We’re going to release v1.0.1 shortly to fix it.” The Zcash Mining Pool currently has a big red banner which states: “Because of a critical Zcash wallet bug we are unable to send any payments to z addresses at the moment. Please....
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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....
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....
It turns out the pseudonymous John Dobbertin, who was one of the six participants in the Zcash Ceremony, was Edward Snowden all along. Cybersecurity poster boy and government surveillance whistleblower Edward Snowden has revealed he played a pivotal role in the creation of privacy token Zcash (ZEC).A video from Zcash Media featured an interview with Snowden where he outlined his involvement as one of the six individuals who had a piece of the Zcash multisig private key to launch the project on Oct. 23, 2016. In the video, Snowden stated:“My name is Edward Snowden. I participated in the....
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....
On October 28 the Zcash (ZEC) project will release its genesis block into the wild. There’s a lot of anticipation for this project, because it will deploy zero-knowledge security. Thanks to this, developers believe Zcash will be a truly anonymous ledger that doesn’t leak or reveal transaction data. The Upcoming Zcash Project Launch The Zero Knowledge....