Zcash + Ethereum = ♥: Why Two Blockchains Are Evolving Together
The blockchain world can feel unfriendly and uncollaborative at times, with supporters of competing technologies often criticizing each other professionally (and personally). But, it isn't all competition. Progress on incorporating zcash's anonymity into ethereum serves as a reminder that there's more going on than just Twitter and Reddit in-fighting, and further, that there's an ongoing, fragmented effort to make major blockchain networks more compatible. So far, the two blockchain networks have at least three publicly-known, semi-official projects. (Some smaller examples are that....
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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....
ShapeShift.io has integrated Zcash, the consumer privacy-focused digital asset, into its blockchain exchange platform. Customers can now buy or sell Zcash instantly along with bitcoin, Dash, Ethereum and dozens of other digital assets. Zcash for the first time offers selective transparency of transactions. Its cryptography can hide the sender, recipient, and value of all transactions on the blockchain, providing total payment confidentiality. Its protocol makes blockchains useful for a range of applications that clear-text, fully transparent blockchains cannot be used for, including....
Ethereum was designed and developed to operate as the base protocol for smart contract settlements. It allows multiple parties to establish unalterable agreements with one another for several use cases, mainly for legal purposes. The ZCash team is working on integrating its anonymous cryptocurrency and zk-SNARKs-based cryptography on top of Ethereum effectively anonymizing the protocol and providing a completely new level of privacy to Ethereum users. In a more technical sense, the ZCash team in collaboration with the members of the Ethereum R&D team are adding zero-knowledge succinct....
Work on integrating Zcash's privacy-focused tech with ethereum’s distributed applications platform has reached a new milestone. According to a blog post by Ethereum Foundation team lead Christian Reitwiessner and Zcash Company engineer Ariel Gabizon, new code has been tested as part of effort to create a means to verify zk-SNARK proofs written in Solidity, ethereum’s smart contract language. Zk-SNARKS are zero-knowledge proofs that provide a means to shield certain types of data (like who is sending what amount of digital currency), and form a central component of Zcash. As Reitwiessner....