Bitcoin is not as private as people might think, but multiple other assets that come with anonymity-boosting features do exist.
Zcash (ZEC) is a privacy-focused cryptocurrency that allows anonymous “shielded” transactions using advanced cryptographic technology called zero-knowledge proofs.
Zcash’s roots trace back to 2013 with “Zerocoin,” a proposed privacy extension of the Bitcoin protocol that was rejected by core developers for its novelty, computational cost and impractical implementation.
The researchers and scientists behind the proposal pivoted to creating an entirely new cryptocurrency, “Zerocash” (now simply Zcash), hiring long-standing cryptography advocate and builder Zooko Wilcox as CEO of the Zcash Company. In 2017, the Zcash Foundation, a 501(c)3 nonprofit entity, was launched to further advance Zcash and its principles in the broader community while further decentralizing its development.
In 2019, the Zcash Company rebranded itself as the Electric Coin Company and relinquished control of the Zcash trademark to the Zcash Foundation.
Zcash development is currently focused on improving its core privacy features, creating a more accessible user experience, and building bridges and interoperability with other blockchains such as Ethereum.
Privacy coins such as Monero, Dash and Zcash are beginning to show signs of life.20804
More than 53 blockchain projects have emerged as multi-billion dollar market cap crypto unicorns, a signal that the 2021 bull market is just getting started.57543
Bitcoin has broken its all-time high and has more than doubled in value at the peak, but why have some other coins failed to keep up?18620
Zcash, Kusama and Hedget are a few of the projects seeing their token values increase due to the unique set of issues they address.12316
Can privacy coins be better managed to satisfy both law enforcement interests and those who like the greater anonymity they provide?42950
The upgrade establishes a development fund for the next four years and removes the controversial “Founders Reward.”11291
“Dash is technically no more a ‘privacy coin’ than Bitcoin,” according to Perkins Coie. So why did Shapeshift delist it?5688
Mina applies zk-SNARKs to Cardano's Ouroboros consensus to achieve scalability and decentralization.7059
A new Monero update brings improvements in performance, speed, and security amid increased scrutiny from law enforcement and developments from competitors22954
“Regulators can get comfortable with privacy-enabling cryptos,” Gemini says.4010
Some cryptocurrencies have retraced from their highs, back to prices seen several years ago.42844
London Stock Exchange-listed miner Argo Blockchain is mining 545% more Bitcoin than last year, with profits up 280%.7370
The implementation of this technology promises to remove the need for trusted setups.7866
Privacy coins are quietly being relegated to the fringes of the Blockchain space.8681