Zcash looks like the next big thing in cryptocurrency
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https://www.genesis-mining.com/a/224536
Learn more about Zcash @ https://z.cash
CEO of Jaxx Anthony Di Iorio commented: “Zcash has garnered a lot of attention from all around the world and we at Jaxx have received a lot of interest from our users to have it available as soon as it launches. We will be able to offer Zcash on a number of different platforms, and are working well with the developers to enable a seamless integration. VCs have invested in Zcash, there’s cutting edge security technology behind it and that’s resulted in quite a lot chatter in the crypto community. Zcash holds an extraordinary amount of promise.”
Zcash is developed by a VC-funded, highly skilled development team and a widespread and active open source community. There are three paths forward for integrating Ethereum’s programmability with Zcash’s privacy. The Zcash team is actively contributing to all three paths.
- Ethereum-style programmability to the Zcash blockchain
- Zcash-style privacy to the Ethereum blockchain
- Iinteroperation between the Ethereum and Zcash
Speaker: Zooko Wilcox @ Ethereum Developer Conference 2016, Shanghai, China
This presentation focuses on how Zcash uses zero-knowledge proofs to add private transactions to a public blockchain, and how Zcash and Ethereum will grow together.
Zcash is a new cryptocurrency that provides private transactions — the sender’s and receiver’s addresses are not publicly visible in the blockchain, nor is the amount transferred.
Zcash posts that private information to the blockchain in encrypted form, and uses zero-knowledge proofs to cryptographically guarantee the validity of transactions without exposing the private information.
This results in “Selective Transparency”. It’s not all-dark-all-the-time — it’s that each encrypted transaction in the blockchain can be revealed by its creator to selected third parties.
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I have been hearing about this for ages. Will be interesting to see what happens. I will have a go mining myself.
Will the payouts from Genesis Mining be in Z-Cash or instantly converted to bitcoin? Do you need to provide a public address or will GM hold the earnings for the miners until they wish to withdraw?
what I know right now is that it's paid out in zcash, and you need your own wallet, Jaxx announced support for zcash, the option to convert to bitcoin may also become available as genesis provides that for all the other coins they mine
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