[News] Zcash, The 'HTTPS For Money,' Brings True Privacy To Money Transactions

[StyM]

http://www.tomshardware.com/news/zca...ons,32948.html

Zcash, the successor to Zerocoin (originally created by cryptography professor Matthew Green and his students), is now complete after being in development for two years. The protocol promises to be the most anonymous cryptocurrency on the market due to a recent breakthrough in privacy technologies called ?zero knowledge proofs.?

"This is the first protocol of its kind," said Zooko Wilcox, the CEO of the company and a well known security expert, in a blog post.

"It is the product of years of scientific research, advanced engineering, and diligent security work. Zcash is a group of scientists and hackers who came up with a way to combine blockchains for immutability with encryption for data security. These two things are separately well understood, important, and widely used, but they?ve never been put together before now."

"We encourage the Zcash community to experiment with us, and to mine, run a node, and join the growing and friendly community. Zcash is a consensual currency, a community network, and developer-supported cryptocurrency; your active participation makes the network stronger,? added Wilcox.

[drmrlordx]

Good for anonymity, but not good for dapps and other advancements of the sort. There's way too much hype behind ZEC right now . . . it'll settle out soon enough.