Zcash ! The Best Anonymous Currency?

1years ago (2017-02-24) admin Zcash Column 4423℃

Zcash ! The Best Anonymous Currency?

Some users have previously referenced the cryptocurrency Zerocoin (‘Zcoin’) and wonder why we forked Zcash instead of Zcoin. There seem to be some misconceptions about what Zcoin and Zcash are and so we thought we should address these, while at the same time helping to ensure that our users can understand the underlying technology behind the Komodo Platform.

The first question we wanted to address when we came up with the idea for this article was: why did we decide to fork Zcash and not Zcoin? However, it seems that time has taken care of answering that question with a very practical example:

A single typo let hackers steal $400,000 from a bitcoin rival - Zcoin

While we acknowledge that Zcoin is a project with merit, this is simply a perfect example of why we didn’t use the Zcoin protocol to develop Komodo. Zcoin is using a 3 year old development library which was previously set aside by the Zcash team. Unlike Zcoin, Zcash went through a lot of testing, peer and professional reviews and audits. Zcash took time, effort and money to be developed and if you ever wondered why, now you know.

However, there seem to be some misconceptions about Zcoin and what it actually is. Unlike Zcash, Zcoin does not hide the amount of coins sent in a transaction, and so Zcash is less prone to privacy timing attacks than Zcoin.

Another fundamental difference is the minting process in Zcoin, which requires users to burn Bitcoin that is then converted into Zcoin which can be spent privately. Although this is an interesting method that provides benefits over the traditional mixers, it is flawed in the sense that these coins can’t be converted back into Bitcoin. Although some projects like RSK are working on sidechain/drivechain solutions that allow for a 2-way-peg, Zcoin is still limited in this respect.

Jl777, Lead developer and founder of SuperNET, commented on the used of the Zcoin protocol:

I rejected using the libzerocoin as it was a lot of code, bloated size and not-field tested... too risky.

Bugs happen, the only question is the scope of the bugs, that is why there is a need for review and testing. You can't know what the bugs will be ahead of time; if you did, you would fix it.

Reviewing this code is quite difficult as it uses cutting edge crypto, that is why I only considered Zcash, which has a very thorough development team, the original scientists who came up with the cutting edge math, $250,000 USD external code audit, lots of test vectors. Reusing an existing proof is a pretty basic test that was overlooked. If that was missed, what else of that magnitude was also missed?

Peer-reviewing and testing is vital, especially when it comes to new technology like anonymous blockchain technology. The amount of effort and funding that has been put into Zcash is considerable. By forking from this project Komodo has been able to start off with a strong and secure basis on which to build innovative features.




By Antonio



Follow Us Here Thanks !

Recommended Articles :

50 comment

  1. avatar

    Fantastic website you have here but I was curious if you knew of any user discussion forums that cover the same topics talked about in this article? I’d really like to be a part of online community where I can get feed-back from other knowledgeable individuals that share the same interest. If you have any suggestions, please let me know. Thanks!

    corburt erilio at2017-04-01 00:07 Comment
  2. avatar

    Hello, just wanted to mention, I enjoyed this
    post. It was inspiring. Keep on posting!

    manicure at2017-04-08 01:43 Comment
  3. avatar

    I simply want to tell you that I am just beginner to blogging and site-building and absolutely loved this web blog. More than likely I’m going to bookmark your blog . You amazingly come with terrific articles and reviews. Kudos for sharing your web-site.

    here at2017-04-17 02:37 Comment
  4. avatar

    Hi! I know this is kinda off topic but I was wondering if you knew where I could locate a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having difficulty finding one? Thanks a lot!

    chamomile oil at2017-04-22 11:22 Comment
  5. avatar

    Good day here, just got familiar with your blogging site through Bing, and discovered that it is seriously interesting. I’ll appreciate should you carry on this idea.

    read the article at2017-04-22 21:32 Comment
  6. avatar

    I really hope to share it with you that I am new to posting and thoroughly cherished your report. Very possible I am prone to bookmark your blog post . You simply have fabulous article information. Get Pleasure From it for telling with us your very own url page

    look at this site at2017-04-22 23:28 Comment
  7. avatar

    I just want to share it with you that I am new to blogging and certainly liked your article. Very possible I am going to save your blog post . You really have extraordinary article information. Value it for telling with us your site document

    official statement at2017-04-23 07:39 Comment
  8. avatar

    This is the best opportunity to prepare some plans for the future. I’ve read this article and if I can, I desire to suggest you very few appealing advice.

    site web at2017-04-23 17:09 Comment
  9. avatar

    The URL is needed to figure out the security zone, which is needed to ascertain the condition of the ActiveScripting setting. Completely ad-free, this website is quite easy to navigate and enables you to locate what you need fast. It’s a website that will permit you to really observe plenty of svg files created by very talented people at an affordable price. Everyone can join and add to the undertaking. This facility is known as SVG fonts.

    Verla Riemenschneid at2017-04-23 18:19 Comment
  10. avatar

    Genuinely beneficial details you’ll have said, thank you for publishing.

    next at2017-04-23 22:45 Comment
  11. avatar

    Greetings there, just became conscious of your blog site through Bing, and realized that it’s truly informative. I will appreciate should you decide continue on such.

    my blog at2017-04-24 17:08 Comment
  12. avatar

    I believe like that performed certainly not need to lengthy to rise. This is a quite comfy bedroom as well as mu little girl positively adores it.

    casper review at2017-04-24 18:20 Comment
  13. avatar

    Great info and straight to the point. I don’t know if this is really the best place to ask but do you guys have any ideea where to hire some professional writers? Thanks in advance :)

    kitchen ideas at2017-04-25 03:17 Comment
  14. avatar

    I would like to thnkx for the efforts you have put in writing this website. I am hoping the same high-grade blog post from you in the upcoming also. Actually your creative writing skills has inspired me to get my own website now. Actually the blogging is spreading its wings quickly. Your write up is a good example of it.

    home at2017-04-25 03:17 Comment
  15. avatar

    I will immediately snatch your rss as I can not in finding your e-mail subscription link or e-newsletter service. Do you’ve any? Please allow me understand so that I could subscribe. Thanks.

    vitamins at2017-04-25 03:18 Comment
  16. avatar

    I’m really impressed with your writing skills as well as with the layout on your blog. Is this a paid theme or did you modify it yourself? Either way keep up the nice quality writing, it’s rare to see a nice blog like this one today..

    business intelligence at2017-04-25 03:41 Comment
  17. avatar

    Tremendously absorbing advice that you have remarked, many thanks for writing.

    check my site at2017-04-25 08:18 Comment
  18. avatar

    I simply need to inform you you that I am new to online blogging and genuinely cherished your write-up. Very possible I am inclined to save your blog post . You truly have stunning article materials. Get Pleasure From it for telling with us your very own website information

    go to these guys at2017-04-26 05:08 Comment
  19. avatar

    It really is most suitable day to create some schedules for the foreseeable future. I’ve go through this document and if I would, I wish to propose you couple of intriguing instruction.

    try this out at2017-04-26 10:22 Comment
  20. avatar

    Great post and right to the point. I am not sure if this is in fact the best place to ask but do you people have any thoughts on where to employ some professional writers? Thank you :)

    Automotive at2017-04-26 10:53 Comment
  21. avatar

    Only time will certainly tell that, however they are actually beginning out to seem truly well made. They are actually comfy for pair of 70-somethings, however they are not too smooth either.

    the best mattress on the market at2017-04-26 11:25 Comment
  22. avatar

    Truly engaging data you’ll have stated, thank you so much for submitting.

    web link at2017-04-26 12:08 Comment
  23. avatar

    Enjoyed examining this, very good stuff, thankyou . “A man may learn wisdom even from a foe.” by Aristophanes.

    Business Service at2017-04-26 20:48 Comment
  24. avatar

    Hello there, just started to be conscious of your webpage through Bing, and found that it is pretty informational. I will appreciate in the event you continue this approach.

    her comment is here at2017-04-27 06:01 Comment
  25. avatar

    I really hope to share it with you that I am new to putting up a blog and clearly liked your information. More than likely I am prone to bookmark your blog post . You seriously have magnificent article information. Be Thankful For it for swapping with us your internet site webpage

    Read More Here at2017-04-27 17:26 Comment
  26. avatar

    Hello my loved one! I wish to say that this post is amazing, great written and come with approximately all significant infos. I’d like to peer more posts like this.

    Business at2017-04-27 19:44 Comment
  27. avatar

    Heya i’m for the first time here. I came across this board and I find It truly useful & it helped me out a lot. I hope to give something back and aid others like you helped me.

    Business at2017-04-27 22:58 Comment
  28. avatar

    Hey, you used to write wonderful, but the last few posts have been kinda boring¡K I miss your super writings. Past several posts are just a little out of track! come on!

    Business at2017-04-28 01:15 Comment
  29. avatar

    Definitely alluring knowledge that you have stated, thanks for publishing.

    look at this website at2017-04-28 02:40 Comment
  30. avatar

    Hullo here, just started to be aware about your wordpress bog through yahoo, and realized that it’s quite informational. I will be grateful for should you continue on this approach.

    see this page at2017-04-28 05:19 Comment
  31. avatar

    Its like you read my mind! You seem to know so much about this, like you wrote the book in it or something. I think that you can do with a few pics to drive the message home a bit, but instead of that, this is magnificent blog. A great read. I’ll definitely be back.

    Computer & Technology at2017-04-28 11:01 Comment
  32. avatar

    Hiya, I’m really glad I’ve found this information. Today bloggers publish just about gossips and net and this is actually frustrating. A good web site with interesting content, this is what I need. Thanks for keeping this site, I’ll be visiting it. Do you do newsletters? Cant find it.

    Computer & Technology at2017-04-28 11:22 Comment
  33. avatar

    Very nice post. I just stumbled upon your blog and wished to say that I have really enjoyed browsing your blog posts. In any case I will be subscribing to your rss feed and I hope you write again very soon!

    kitchen remodel at2017-04-28 12:14 Comment
  34. avatar

    Thank you, I have just been looking for info about this topic for a while and yours is the best I’ve found out till now. However, what in regards to the bottom line? Are you sure in regards to the supply?

    business management at2017-04-28 12:14 Comment
  35. avatar

    I do not even know how I ended up here, but I thought this post was good. I do not know who you are but certainly you’re going to a famous blogger if you are not already ;) Cheers!

    womens health at2017-04-28 12:15 Comment
  36. avatar

    obviously like your web site but you need to test the spelling on quite a few of your posts. A number of them are rife with spelling problems and I to find it very troublesome to inform the truth on the other hand I will certainly come back again.

    bathroom remodel ideas at2017-04-28 12:20 Comment
  37. avatar

    Great blog! I am loving it!! Will come back again. I am bookmarking your feeds also

    Engine Parts at2017-04-28 13:46 Comment
  38. avatar

    Get your Cricut Blades, HTV and Glitter HTV here!

    Anastasia Hoehne at2017-04-28 14:17 Comment
  39. avatar

    My only minor grievance is actually that the sides could possibly be a little “stronger”. If you receive very near the advantage, there’s a chance you could spin off.

    mattress buy at2017-04-28 18:27 Comment
  40. avatar

    I wanted to send you one tiny observation to help give many thanks as before for all the breathtaking solutions you have shown here. It is unbelievably open-handed with you to deliver without restraint exactly what a few people would’ve distributed for an e book to help make some bucks on their own, especially seeing that you might have tried it if you ever desired. The secrets additionally served like the great way to fully grasp that most people have similar interest like my own to understand somewhat more on the topic of this issue. I’m sure there are several more enjoyable instances up front for those who view your website.

    Used Cars at2017-04-28 19:10 Comment
  41. avatar

    It happens to be appropriate occasion to get some schemes for the long-term. I’ve looked over this write-up and if I should, I wish to suggest to you you number of fascinating tip.

    portland seo at2017-04-28 22:12 Comment
  42. avatar

    Hello. remarkable job. I did not imagine this. This is a remarkable story. Thanks!

    Business at2017-04-28 22:25 Comment
  43. avatar

    Of course, what a fantastic site and informative posts, I will bookmark your website.Have an awsome day!

    Repairs at2017-04-29 00:22 Comment
  44. avatar

    I¡¦m not sure the place you’re getting your information, however great topic. I needs to spend a while studying more or understanding more. Thank you for magnificent info I used to be in search of this info for my mission.

    Smart Car Safety at2017-04-30 09:08 Comment
  45. avatar

    Other testimonials mention the edges are actually sloped descending and also holds true. Our experts have certainly not possessed any issues with spinning off because of this.

    get more at2017-04-30 20:49 Comment
  46. avatar

    I’ve been browsing online greater than 3 hours today, yet I never discovered any interesting article like yours. It’s lovely value sufficient for me. Personally, if all webmasters and bloggers made good content as you did, the web can be a lot more useful than ever before. “Dignity is not negotiable. Dignity is the honor of the family.” by Vartan Gregorian.

    Exploration Careers Information at2017-04-30 21:49 Comment
  47. avatar

    I must we appreciate this glorious page!! My hubby and i throughly taken pleasure in pretty much every small that. We have added want you to take a peek at additional things organized. Regards

    simplylinen.co.uk at2017-05-01 05:17 Comment
  48. avatar

    Hello.This article was really fascinating, particularly since I was searching for thoughts on this subject last Tuesday.

    Business Wealth Management Firms at2017-05-01 06:25 Comment