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[SITUATION] · [ACTIVE] · [TECHNOLOGY]

2 clusters · 10 sources · 9 days · First seen 14 days ago · Last updated 6 days ago

Zcash privacy technology and development

Overview

Zcash is a decentralized cryptocurrency that utilizes zero-knowledge proofs, such as zk-SNARKs and the Halo 2 protocol, to offer users a choice between transparent and shielded transactions. This technology allows for the validation of transactions without revealing sensitive data like sender, receiver, or amount.

To improve network performance, the development team released Zakura Common, an open-source cryptography and protocol library. This update optimizes zero-knowledge proof generation, significantly increasing speeds on both mobile and desktop devices. These technical improvements aim to reduce private transaction times to under 200 milliseconds and serve as a foundation for Project Tachyon, which targets a throughput of 50,000 transactions per second.

Entities

Zcash · Johns Hopkins University · Project Tachyon · Zooko Wilcox-O’Hearn · Bitcoin

Timeline

6 days ago

[TECHNOLOGY] 2 sources
Zcash: A privacy-focused cryptocurrency using zero-knowledge proofs
Zcash is a privacy-focused cryptocurrency launched in 2016 that uses zero-knowledge proofs to allow users to conduct shielded transactions, offering more financial confidentiality than Bitcoin.
14 days ago

[TECHNOLOGY] 8 sources
Zcash developer Zakura releases Common to accelerate privacy transactions
Zakura has released Zakura Common, a cryptography library that speeds up Zcash mobile proof generation by 14x and reduces transaction latency from 3 seconds to under 200 milliseconds without a network upgrade.

Sources

abmedia.io · bitcoinethereumnews.com · blocktempo.com · coindoo.com · coinedition.com · coinpedia.org · cryptobriefing.com · tronweekly.com · zebpay.com · zombit.info