Why Zcash Released Its Code: Developmental Input In Search Of Privacy y
In releasing its source code to developers, Zcash is hoping to make its software more secure so that it can achieve its goal of being a truly anonymous cryptocurrency for the global marketplace. The source code’s release, reported by CCN, marks a developmental step in the effort to create a more private cryptocurrency. Some see it as the first public alpha release of the best effort to date of untraceable digital money.Zcash, formerly known as Zerocash/Zerocoin, announced in its blog that the most important feature bitcoin brings to the table is being an open financial platform that anyone can connect to without getting someone’s permission. Seven years into the bitcoin project, the cryptocurrency community is still learning about bitcoin’s possibilities and how they will play out in real economies and communities.
Privacy: The Big Improvement
Zcash’s improvement over bitcoin is its privacy, Zooko Wilcox, founder and CEO, stated in the blog. Its team of engineers and cryptographers have made advances in the underlying mathematics to build a privacy-preserving variant of bitcoin’s software. The website has a section explaining the technology.
Cryptocurrency developers have been aware of the Zerocoin Project for a couple of years. Several developers have explored the software in studying ways to enhance privacy and anonymity of bitcoin and other altcoins.
What makes privacy so important? “Because privacy is a human right,” Wilcox stated. He claims personal privacy is needed for core human values such as dignity, morality and intimacy.
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https://www.cryptocoinsnews.com/zcash-released-code-developmental-input-search-privacy/
