New Bitcoin Rival Promises Anonymity for Online Purchases

By Timothy Sohn Oct 31, 2016 8:23 PM EST

(CNBC) – A new cryptocurrency launched late last week, claiming to allow users to make online purchases anonymously and sparking controversy and a negative reaction from the authorities. Zcash launched last Friday and is currently worth $498 dollars per coin, in comparison to $706 for one bitcoin. Zcash uses a technique called “zero-knowledge proofs” to ensure coin exchanges are valid but without revealing extra information to either user.

Facebook Comments

Read previous post:
The DAO Hacker
As Ethereum Classic Forks, DAO Hacker Moves Funds

While most of the media is focused on Ethereum Classic's (ETC) own hardfork, the DAO hacker is quietly moving the funds...