Ethereum and Zcash Are Crypto’s True Innovations Post Bitcoin, Says Balaji
Balaji Srinivasan has distilled 15 years of crypto experimentation down to a stark claim: after Bitcoin, only two core protocol breakthroughs truly matter—Ethereum for programmability and Zcash for privacy. In a wide-ranging appearance on Mert Mumtaz’s “Accelerate with Mert” podcast, Srinivasan argued that the industry has already completed the “programmability era” and is now entering […]
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Ethereum was designed and developed to operate as the base protocol for smart contract settlements. It allows multiple parties to establish unalterable agreements with one another for several use cases, mainly for legal purposes. The ZCash team is working on integrating its anonymous cryptocurrency and zk-SNARKs-based cryptography on top of Ethereum effectively anonymizing the protocol and providing a completely new level of privacy to Ethereum users. In a more technical sense, the ZCash team in collaboration with the members of the Ethereum R&D team are adding zero-knowledge succinct....
Work on integrating Zcash's privacy-focused tech with ethereum’s distributed applications platform has reached a new milestone. According to a blog post by Ethereum Foundation team lead Christian Reitwiessner and Zcash Company engineer Ariel Gabizon, new code has been tested as part of effort to create a means to verify zk-SNARK proofs written in Solidity, ethereum’s smart contract language. Zk-SNARKS are zero-knowledge proofs that provide a means to shield certain types of data (like who is sending what amount of digital currency), and form a central component of Zcash. As Reitwiessner....
The blockchain world can feel unfriendly and uncollaborative at times, with supporters of competing technologies often criticizing each other professionally (and personally). But, it isn't all competition. Progress on incorporating zcash's anonymity into ethereum serves as a reminder that there's more going on than just Twitter and Reddit in-fighting, and further, that there's an ongoing, fragmented effort to make major blockchain networks more compatible. So far, the two blockchain networks have at least three publicly-known, semi-official projects. (Some smaller examples are that....
Ethereum Cofounder Vitalik Buterin feels that other blockchains, such as Dogecoin and Zcash should be following the same strategy now that the Ethereum merge has been completed. Ryan Selkis asked Buterin at the 2022 Messari Mainnet if all networks should shift to proof-of-stake (PoS) method. Buterin responded affirmatively. Zooko Wilcox-O’Hearn, the founder of Zcash, was […]
Balaji Srinivasan, the CEO of 21 Inc. is said to be one of the potential candidates for the post of the Commissioner of US FDA. The use of Bitcoin and blockchain technology in the traditional industry sector has been increasing drastically in the recent days. The ever-increasing popularity of cryptocurrency has influenced few well-known personalities to shift from mainstream companies to the Bitcoin sector. Now the tide has turned, after the head of Bitcoin startup 21 Inc. Balaji Srinivasan met President-elect Donald Trump. Balaji Srinivasan is said to be one of the candidates considered....