$154.60 10.27%
ZEC · 48w

New Zcash zkSNARKS, HUGE reductions in Memory & RAM for private transactions!

anyone can take advantage of it in their own projects.

Zcash Company user education and community team lead Paige Peterson told CoinDesk:

"Consequently, other projects and companies — both within the cryptocurrency/blockchain world and outside of it — will be able to use these techniques. These advances may facilitate applications of zero-knowledge proofs in various industries."

Elsewhere in the blockchain world, ethereum's next major upgrade, Metropolis, is already paving the way for zk-SNARKs.

Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership in the Zcash Company, developer of zcash.

Speed motion image via Shutterstock

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