Zcash is a cryptocurrency utilizing zero-knowledge proof cryptography to protect the privacy of transactions. Zcash publishes all the payments on a public blockchain but the identity of the sender and the recipient, as well as the amount of transaction, remain private.
History
Zcash was founded by Zooko Wilcox and grew out of the Zerocoin project. The crypto was first announced around the first quarter of 2016, and was officially launched on October, 2016.
Design
The technology behind Zcash protocol is called ZK-SNARK— an acronym for Zero-Knowledge Succinct Non-interactive ARgument of Knowledge. ZK-SNARK is a new form of “zero-knowledge cryptography” that makes all the transactions in Zcash, fully encrypted on the blockchain and to ensure that the confidentiality of transaction metadata is fully preserved.
Timeline
People
Zooko Wilcox
Further reading
Zerocash: Decentralized Anonymous Payments from Bitcoin
Eli Ben-Sasson, Alessandro Chiesa, Christina Garman, Matthew Green, Ian Miers, Eran Tromer and Madars Virza†
Documentaries, videos and podcasts
Companies
Categories
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- CryptocurrencyA cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.
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Contributors
- 1
April Rosialda
Golden Helper - 2
Alex Dean
Masters in Biostatistics/Epi UC Berkeley | BA in Biology Wesleyan - 3
Jude Gomila
Founder and CEO of Golden, Entrepreneur. Previously Co Founder of Heyzap. Investor in 100+ companies. Cantabrigian (Gonville and Caius). - 4
Melanie Manipula
Researcher, writer and a former librarian