Notices

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

   • Ekaitz Zárraga 👹
   • jartigag

   @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).

   • Ekaitz Zárraga 👹 repeated this.
   • Ekaitz Zárraga 👹 (ekaitz_zarraga@mastodon.social)'s status on Sunday, 21-Oct-2018 12:30:29 CEST Ekaitz Zárraga 👹

     in reply to

     • jartigag

     @codewiz @jartigag Hey! this zk-SNARK shit is cool!