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 The Upcoming Launch of Anonymous Project Zcash

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RR Phantom

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The Upcoming Launch of Anonymous Project Zcash Vide
PostSubject: The Upcoming Launch of Anonymous Project Zcash   The Upcoming Launch of Anonymous Project Zcash Icon_minitimeMon Oct 24, 2016 6:38 pm
On October 28 the Zcash (ZEC) project will release its genesis block into the wild. There’s a lot of anticipation for this project, because it will deploy zero-knowledge security. Thanks to this, developers believe Zcash will be a truly anonymous ledger that doesn’t leak or reveal transaction data.

The Upcoming Launch of Anonymous Project Zcash The-Upcoming-Launch-of-Anonymous-Project-Zcash-640x480

The Zero Knowledge Proof cryptocurrency concept comes from the Johns Hopkins University Department of Computer Science, which inspired the Zcash project. Evolving from this research, CEO Zooko Wilcox announced Zcash on January 20, 2016. Zcash utilizes zk-SNARKs as a method of providing zero knowledge proofs to the independent blockchain.

Zcash has many properties that exist in the Bitcoin framework, but it allows for anonymous transactions within a public blockchain. Zcash miners will be using the hashing algorithm “Equihash”. Just recently, the mining operation Genesis Mining offered 1-year optimized GUI mining, selling out several contracts.

The project will not include a graphical user interface and the launch will be the first “Sprout Series” release. This means the release is the nascent Zcash blockchain’s initial sprouting phase. After the launch, project leaders explained the platform will be available to anyone.

https://news.bitcoin.com/upcoming-anonymous-project-zcash/
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The Upcoming Launch of Anonymous Project Zcash Vide
PostSubject: Re: The Upcoming Launch of Anonymous Project Zcash   The Upcoming Launch of Anonymous Project Zcash Icon_minitimeMon Oct 24, 2016 7:43 pm
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