Zsnark in Ethereum - implications for Monero Dash etc

[evergrow]

what do you personally think will happen to Monero, Dash etc once Ethereum implements zkSNARKs?

https://z.cash/blog/zksnarks-in-ethereum.html

[solarrobot]

what do you personally think will happen to Monero, Dash etc once Ethereum implements zkSNARKs?

https://z.cash/blog/zksnarks-in-ethereum.html

Monero has it's own privacy scheme, and by default, and as a whole will still be more private than ETH with zkSnarks. Privacy in monero is embeded into every address, not something added as a feature when necessary, which makes it harder to trace than zkSnarks on ETH theoretically.


Dash could eventually implement a zero protocol like PIVX, adding to it's anonymity, not sure how that would compare to zksnarks on eth.  Dash isn't focused on being a private coin, just a currency that has privacy features.

I don't really think it will effect either of them, they still have their niches.

[dennyd999]

what do you personally think will happen to Monero, Dash etc once Ethereum implements zkSNARKs?

https://z.cash/blog/zksnarks-in-ethereum.html

zksnark in Ethereum is just an option. In Monero it is specialisation.

If I would need some sort of privacy I definetly will use Monero instead of other coins.


Also I still confused about possible backdoor in Zcash and zkSNARK technology


https://bitcointalk.org/index.php?topic=2011221.0





Especialy after dark markets was busted by feds shortly after adding Zcash as payment method. Coincedent? I am doubt peoples who seriously worry about their privacy will use something like this after all being said.

[solarrobot]

zksnark in Ethereum is just an option. In Monero it is specialisation.

If I would need some sort of privacy I definetly will use Monero instead of other coins.


Also I still confused about possible backdoor in Zcash and zkSNARK technology


https://bitcointalk.org/index.php?topic=2011221.0





Especialy after dark markets was busted by feds shortly after adding Zcash as payment method. Coincedent? I am doubt peoples who seriously worry about their privacy will use something like this after all being said.

ZKsnarks are a type of cryptographic proof. you can read about it here: https://en.wikipedia.org/wiki/Non-interactive_zero-knowledge_proof  The backdoor in zCash might exist in more than one place, but I think the major one that people wonder about is the setup seed, which is talked about in the link. I guess the same question could be asked of the setup seed on the ethereum network as well.  Does any one have some insight into this?