A Blockchain Currency That Beats Bitcoin On Privacy – IEEE Spectrum

In October, we was in a outpost in Denver with Zooko Wilcox, the CEO of Zcash, a association that was shortly to launch a new blockchain-based digital banking of a same name. On a building subsequent to me was a garland of recently purchased mechanism equipment. we knew we were going to a hotel though didn’t know that one. we usually knew that I’d be there for a subsequent dual days true and that it would be my pursuit to watch, ask questions, wand off sleep, and request as most as we presumably could.

That day began a cryptographic rite of sorts, one that could make or mangle a new digital currency. Zcash is matching to Bitcoin in many ways. It’s founded on a digital bill of exchange called a blockchain that exists on an army of computers that can be anywhere in a world. But it differs from Bitcoin in one vicious way: It is totally anonymous. Although remoteness was a motivating cause for ­Bitcoin’s group of early adopters, it didn’t broach a goods. For those who wish to digitally replicate a knowledge of slipping on a ski facade and handing over an pouch of unmarked

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