Zcash Completes 'Powers of Tau' Privacy Ceremony

[Goozzi]

Zcash is one step closer to undertaking an upcoming software change with the completion of its Powers of Tau ceremony.

The ceremony saw developers, community members and other contributors created random code for the zcash privacy protocol in order to make it more secure. Notably, those involved then got rid of the cryptographic "toxic waste" - the random code used to secure the protocol - by destroying their computers or otherwise wiping the machines used to generate the data.

This procedure prevents malicious actors from attacking the protocol or creating counterfeit tokens, as previously detailed by CoinDesk.

Sean Bowe, a member of the Zcash Foundation, announced the completion on the project's mailing list.

Source: https://www.coindesk.com/zcash-team-completes-powers-of-tau-ceremony-for-upcoming-hard-fork/?utm_content=buffer8528e&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

[13abyknight]

Fake token creation and trading has made us witness a lot of inexperienced traders fall for and it was time that something was done to make sure it wouldn't be a thing anymore. Good job on the part of the ZCash devs to think out of the box and implement something very unique to tackle scammers who have been in the business for long enough, waiting to prey on the inexperience of traders.

[Blakscorpion]

That's a good thing to know

the team seems to be very involved in the anti-scam tools and the safety of its coin.

[tonylewisverdu]

Zcash is one step closer to undertaking an upcoming software change with the completion of its Powers of Tau ceremony.

The ceremony saw developers, community members and other contributors created random code for the zcash privacy protocol in order to make it more secure. Notably, those involved then got rid of the cryptographic "toxic waste" - the random code used to secure the protocol - by destroying their computers or otherwise wiping the machines used to generate the data.

This procedure prevents malicious actors from attacking the protocol or creating counterfeit tokens, as previously detailed by CoinDesk.

Sean Bowe, a member of the Zcash Foundation, announced the completion on the project's mailing list.

Source: https://www.coindesk.com/zcash-team-completes-powers-of-tau-ceremony-for-upcoming-hard-fork/?utm_content=buffer8528e&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

great.. congratulations to the team, investor and holder

D192