Zcash: Impossible To Trace, Expensive To Buy
Bitcoin, it seems, is out — the cool digital currency taking the world by storm now is Zcash, a product designed by academics to be all but untraceable. Speculators love it — and have been paying for $1,000 a unit to get their hands on the next big thing.
Zcash is the brainchild of a firm led by developer Zooko Wilcox. It has already secured $3 million in backing from a number of Silicon Valley venture capitalists who are involved in the virtual currency industry.
The secret to its secretiveness — according to the developers that built it — is an advanced cryptography.
Though bitcoin had initially been billed as untraceable, to actually use bitcoin in any meaningful way, each user has a bitcoin address that law enforcement can — and has — linked to it owner. Zcash, on the other hand, allows transactions to be confirmed by the network without anyone recording the Zcash addresses involved in the transactions.
Further read....
Who's pushing up the btc price then?