By CCN: Zcash developer Zooko Wilcox, who has previously opined that cryptocurrencies can be used to evade taxes, posted an “unpopular opinion” to Twitter today: Facebook’s crypto project is “awesome.” Facebook Coin: "Awesome"? Unpopular opinion: I think the fact that Facebook is working on a crypocurrency is awesome. — zooko (@zooko) May 24, 2019 Facebook’s cryptocurrency project is a long...
Zooko Wilcox, the founder and CEO of Zerocoin Electric Coin Company, a company that develops privacy-focused cryptocurrency Zcash, has revealed that Chinese miners have alleged that Bitmain, the world’s biggest cryptocurrency mining equipment manufacturer, of potentially distributing hardware caked with dust, suggesting prior use. “Someone privately sent me these allegations (in Chinese) that...
The R3 consortium released a summary last November of the various schemes that software developers have devised for protecting privacy for blockchain-based transactions, according to American Banker. The study, which has not previously been made public, provides a comparison of the level of privacy offered by each approach. The study was done by Jack Gavigan, a co-founder of Zcash, a...
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...
In releasing its source code to developers, Zcash is hoping to make its software more secure so that it can achieve its goal of being a truly anonymous cryptocurrency for the global marketplace. The source code’s release, reported by CCN, marks a developmental step in the effort to create a more private cryptocurrency. Some see it as the first public alpha release of the best effort to date of...
In the game of anonymity, cryptocurrency fans have embraced Bitcoin and the blockchain technology which drives it. The technology does record and stamp the transaction, and is placed in the cloud, unlike Zcash, which sees its alpha release. Zcash has coded a decentralized network using a public blockchain. He and his team, a group of cryptologists, computer science and information security...