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  1. Bernie (codewiz@mstdn.io)'s status on Sunday, 21-Oct-2018 06:20:49 CEST Bernie Bernie

    @jartigag @ekaitz_zarraga

    This is a decent explanation of how ZCash improves privacy over Bitcoin: https://z.cash/technology/zksnarks/

    TL;DR: a blockchain is a public ledger, and thus all transactions are visible with amounts, source and destination. zk-SNARK is a method for encrypting transactions, but in a way that all nodes can still verify that the transaction is valid (not spending more money than you have, not double-spendoing the same money, etc).

    In conversation Sunday, 21-Oct-2018 06:20:49 CEST from mstdn.io permalink
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