How to Get Zcash, Bitcoin’s Anonymous Baby Cousin

  • Zcash also notably addresses another of the biggest pitfalls of bitcoin and its ilk: that big corporations with tons of dedicated computers are pretty much the only ones with any shot at mining the cryptocurrency.
  • Zcash, which went live on Friday with version 1.0 “Sprout,” is essentially an experimental fork of bitcoin that attempts to address an inherent contradiction of the supposedly “untraceable” cryptocurrency.
  • A newly-launched cryptocurrency created by expert cryptographers holds the distinction of being the only one explicitly designed to provide bitcoin’s biggest missing feature: anonymity.
  • As Zcash’s creators put it: “If bitcoin is like http for money, Zcash is https,” referring to the now-ubiquitous secure protocol that protects a website’s visitors from eavesdropping.
  • A zero-knowledge proof is a way to mathematically prove a statement is true without revealing any of the information you’d normally need to prove it.

The most promising cryptocurrency since bitcoin is ready to be mined—if you dare.
Continue reading “How to Get Zcash, Bitcoin’s Anonymous Baby Cousin”

How to Get Zcash, Bitcoin’s Anonymous Baby Cousin

How to get Zcash, bitcoin’s anonymous baby cousin:

  • Zcash also notably addresses another of the biggest pitfalls of bitcoin and its ilk: that big corporations with tons of dedicated computers are pretty much the only ones with any shot at mining the cryptocurrency.
  • Zcash, which went live on Friday with version 1.0 “Sprout,” is essentially an experimental fork of bitcoin that attempts to address an inherent contradiction of the supposedly “untraceable” cryptocurrency.
  • A newly-launched cryptocurrency created by expert cryptographers holds the distinction of being the only one explicitly designed to provide bitcoin’s biggest missing feature: anonymity.
  • As Zcash’s creators put it: “If bitcoin is like http for money, Zcash is https,” referring to the now-ubiquitous secure protocol that protects a website’s visitors from eavesdropping.
  • A zero-knowledge proof is a way to mathematically prove a statement is true without revealing any of the information you’d normally need to prove it.

The most promising cryptocurrency since bitcoin is ready to be mined—if you dare.
Continue reading “How to Get Zcash, Bitcoin’s Anonymous Baby Cousin”