11/01/2016

ETH will integrate Zcash privacy features

In an interview with CCN interview, ETH chief developer said that ETH will fully achieve similar Zcash (Zec) privacy features within four months to a year's time. An absolute privacy of ETH can solve the thorny issue of longstanding block chain: how privacy traded in the world, and at the same time be able to share trade information to the specified object. Zcash founder Zooko Wilcox while attending devcon2, delivered a speech entitled " Zcash + ETH = love " speech. He said that in the past four years, the researchers found that a transaction in full privacy mode of operation can also achieve selective information sharing. Zcash is a decentralized and open-source cryptocurrency that offers privacy and particular transparency of transactions. Zcash payments are published on a public blockchain, but the sender, recipient, and amount of a transaction remain hidden. Zcash is based on peer-reviewed cryptographic research and built by a security-specialized engineering team on an open source platform based on Bitcoin Core's battle-tested codebase. Zcash's improvement over Bitcoin is the addition of privacy. Zcash uses advanced cryptographic techniques, namely zero-knowledge proofs, to guarantee the validity of transactions without disclosing additional information about them. To deliver on this anonymity, however, the ZCash protocol requires an initial dose of randomness, a set of parameters that functions as a reference point for the rest of the software. But, the process comes with an unfortunate byproduct. The software that generates the parameters also creates pieces of a cryptographic key, which if combined could be used to generate new coins out of thin air. There are a few different options you have regarding mining. You can do it yourself.Or you can pay for a cloud mining service
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