Edward Snowden: Zcash is the best Bitcoin alternative
The famous fighter for the truth Edward Snowden said that the anonymous cryptocurrency Zcash is “the most interesting alternative” to bitcoin.
In response to a tweet from BitGo developer Mason Borda claiming that ZCash is the only altcoin developed by professional and academic cryptographers, Snowden wrote: “I agree. Thanks to its anonymous technology, ZCash is the most interesting alternative to Bitcoin. Bitcoin is a great cryptocurrency, but since it is not anonymous, it is not secure. “.
In response to a question about his attitude towards Monero, Snowden pointed out that it is a “hobbyist cryptocurrency” with significant problems in the area of transaction traceability: “Errors do happen. They can have serious consequences for guys like me “.
The confrontation between anonymous cryptocurrencies has been going on for a long time. In response to tweets, Monero developer Richard Spagni has provided many arguments to defend his technology, and Litecoin creator Charlie Lee wrote: “I hold Monero, but not Zcash.”.
Zcash and Monero cryptocurrencies are created to ensure the anonymity of transactions and the protection of personal data of users. They use different tools to achieve these goals, but they arrive at the same result, although not everyone agrees. Zcash relies on the zk-snarks cryptographic operation, while Monero hides transaction information with ring signatures and stealth addresses.
Liquid will delist Zcash in preparation for obtaining a Singapore license Liquid exchange will delist Zcash cryptocurrency as part of…
UK Financial Regulator Creates Blockchain Application on R3 Corda Chief Financial Regulator of UK took part in…
US Secretary of State warned of the risks of anonymous cryptocurrency transactions US Secretary of State and one of Donald Trump’s advisers Mike Pompeo…
Korean exchange Upbit will delist six private cryptocurrencies South Korean exchange Upbit is among the trading platforms that announced their intention…
US Anti-Drug Service: Speculators use bitcoin more often than criminals 5 years ago about 90% of transactions using bitcoin…