- According to Robinson, there is demand for greater anonymity among users of crypto currencies as more and more realize that bitcoin can be traced.
- “Bitcoin has been accepted by regulators and government because there is some level of accountability,” explained Robinson.
- Zcash launched last Friday and is currently worth $498 dollars per coin, in comparison to $706 for one bitcoin.
- Robinson also pointed out that Zcash has been created by a private company, which – while it does not have to rely on the open-source community to develop the currency as with bitcoin — could potentially be sued by governments or regulators in order to reveal information.
- Zcash uses a technique called “zero-knowledge proofs” to ensure coin exchanges are valid but without revealing extra information to either user.
A new cryptocurrency launched late last week, claiming to allow users to make online purchases anonymously.
Continue reading “New bitcoin rival promises anonymity for online purchases”
