ZCash proposes to integrate into the ethereum platform
6 hours ago by saramago using nEWBIUM platform
https://coins.newbium.com/post/1846-zcash-proposes-to-integrate-into-the-ethereum-plat
The creator of Zcash, Zooko Wilcox, dedicated his presentation at the DevCon2 to expose the possibilities of the proposal brought by the creative team of the Zcash privacy protocol, to combine their platform with ethereum , leading security in smart contracts to another level, clarifying that while Bitcoin and ethereum present an image of transparency, that does not mean it ceases to be an objective that users are able to control access to their stored information. That's when Zcash appears.
The platform operates with zero knowledge proofs , which means employing a cryptography that restricts information to certain users on a network to confirm that those involved are anonymous. This application is called " selective discovery." The encryption system uses the ZK - Snark protocol, confirming that transactions are valid without disclosing any other information.
There are three ways of linking Zcash with ethereum said Wilcox. The platforms can be integrated using a method called "Baby Zoe" a little maneuver that adds a pre-compiler ZK-SNARK within ethereum . A second option is to add a Zcash programming protocol , capable of introducing smart ethereum contracts in Zcash platform . And the third is the codename of "Alchemy Project".
The main component of this project is the cross chain order , which will concrete the transactions between the chains. Thus, ethereum contracts issued -called "orders" - can be filled by sending a transaction in Zcash format. The amount the first user want to exchange will be retained for inspection while the second user or purchaser certifies . Even a buyer can create a Zcash transaction that may contain a target direction and the validity of this operation will be confirmed by the contract ethereum before completing the transaction. This represents a promise for companies that have independent blockchains and wish to integrate to a safe and unbreakable system like ethereum.
