- 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.
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