A Next-Generation Smart Contract and Decentralized Application Platform
Satoshi Nakamoto's development of Bitcoin in 2009 has often been hailed as a radical development in money and currency, being the first example of a digital asset which simultaneously has no backing or "intrinsic value" and no centralized issuer or controller.
However, another, arguably more important, part of the Bitcoin experiment is the underlying blockchain technology as a tool of distributed consensus, and attention is rapidly starting to shift to this other aspect of Bitcoin.
Commonly cited alternative applications of blockchain technology include using on-blockchain digital assets to represent custom currencies and financial instruments ("colored coins"), the ownership of an underlying physical device ("smart property"), non-fungible assets such as domain names ("Namecoin"), as well as more complex applications involving having digital assets being directly controlled by a piece of code implementing arbitrary rules ("smart contracts") or even blockchain-based "decentralized autonomous organizations" (DAOs).
What Ethereum intends to provide is a blockchain with a built-in fully fledged Turing-complete programming language that can be used to create "contracts" that can be used to encode arbitrary state transition functions, allowing users to create any of the systems described above, as well as many others that we have not yet imagined, simply by writing up the logic in a few lines of code.
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caught the bottom nicely. 0.039 was darn close. Privacy is the new narrative in control of altcoin market capital.
it looks like the Ethereum and ETH killer L1 mania is finally fading away. Dog Memes are already toast, NFTs also going illiquid.
lot of money out there is ready to rotate into Privacy. where Zcash rules!
Privacy is a fundamental human right. Its essence is the individual’s ability to choose what information is shared with others. Privacy comprises both autonomy and consent; it is essential to human dignity, and the healthy continuation of a diverse and civil society.
Personal financial data can reveal a huge amount of information about a person, and so protecting financial privacy is an essential component of protecting the right to privacy.
Our mission at the Zcash Foundation is to help sustain and improve open financial networks that allow anyone and everyone to protect their own privacy, on their own terms. While our primary focus is the Zcash protocol and blockchain, we also support broader applications of zero knowledge proofs, as well as other approaches to financial privacy.
noam_chom
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In bitcoin, every transaction in the shared ledger has the sender, recipient, and value. This ledger gets appended infinitely and is shared within a peer-to-peer network. Zcash is a cryptocurrency with all the features of bitcoin, plus encrypted transactions. The sender, recipient, and value fields are all encrypted.
If bitcoin is HTTP, Zcash is like HTTPS, a secure transport layer. Nathan Wilcox works on Zcash, and in this episode we discuss why an encrypted version of bitcoin is useful, how mining works, and how Zcash the company is structured. Nathan also gives some context for the current state of the bitcoin community, and where Zcash fits in.
zfnd.org/
Privacy is a fundamental human right. Its essence is the individual’s ability to choose what information is shared with others. Privacy comprises both autonomy and consent; it is essential to human dignity, and the healthy continuation of a diverse and civil society.
Personal financial data can reveal a huge amount of information about a person, and so protecting financial privacy is an essential component of protecting the right to privacy.
Our mission at the Zcash Foundation is to help sustain and improve open financial networks that allow anyone and everyone to protect their own privacy, on their own terms. While our primary focus is the Zcash protocol and blockchain, we also support broader applications of zero knowledge proofs, as well as other approaches to financial privacy.