• Sat. Sep 30th, 2023



Edward Snowden played a key role in starting zcash


Jan 27, 2023

Edward Snowden played a key role in starting zcash

Former USA employee and US CIA Edward Snowden revealed his participation in the launch of ZCASH cryptocurrency oriented to confidentiality in 2016.

He spoke about this in the video from Zcash Media – a media group producing educational content about a coin.

“When starting ZCASH, a cryptographic key is created, which is used to block the code on which cryptocurrency works. After that, no one can fake transactions, ”explains in the video.

In this case, users must trust the developer. To solve the problem, the Zcash team decided to divide the key between six participants in the so -called “trusted installation”.

If, at least one of the owners of the fragment destroys it, the security of the network will be ensured.

Soon after the release of the genesis block, five participants revealed The day of a crypto-trader their personalities. The sixth, under the pseudonym John Dobbertin, turned out to be Snowden.

“When it came to this concept, so that several people from many places cooperate in the hope that at least one of them will not be compromised, will not work against public interests, and this is necessary for the success of the ceremony, I was happy to say:“ Of course, I will help, ”he explained.

The informant has been in Russia since 2013, where he received political asylum.

Two years later, to carry out the Saplining update, the procedure was repeatedly carried out. The developers expect to eliminate the need for such ceremonies with the Halo upgrade.

Snowden even before the launch of Zcash drew attention to her, noting the potential of anonymity.

He previously stated that the Bitcoin public blockchain is his main drawback. Snowden confirmed his position in the video from Zcash Media:

“When we look at cryptocurrency, we see that its cryptographic properties are used to ensure the reliability of the registry, but not to guarantee its privacy. It is well known that Bitcoin has a public register. The problem is that you cannot have truly free trade if you do not have private trade. There can be no free society without free trade “.

Recall that in November 2021, ZCASH developers published a project for the development of the project until 2025.

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