Discover and read the best of Twitter Threads about #Zcash

Most recents (18)

Ceteris paribus, halvings double the cost of producing a single unit of a PoW-based #cryptomoney like $BTC or $ZEC.
Cost of production is important for commodities, as it sets the price floor at which a producer is willing to sell.

As argued here, I believe PoW-based #cryptomonies classify as commodities:…
A halving's effect on price is a lagging one, driven by changes in miner economics and thereby the market structure of ASKS.
Read 4 tweets
The #Ethereum #proofofstake #phase0 #beaconchain is getting close to launch!

So what?

Here's a thread to explain why millions of dollars of #ETH are being moved into this state of the art gadget, what makes it different from other #PoS systems, and why it was worth the wait!
First things first: even though the #beaconchain is being referred to as an #eth2 or "Ethereum 2.0" technology, it does not exist to replace the current Ethereum Virtual Machine we know and love as "Ethereum 1.0" today. If you're using the EVM, you're fine. It's not going away.
Instead, the beacon chain is a gadget that was planned even from before the launch of "Ethereum 1.0" to be swapped in for the #proofofwork system, called "Ethash", which currently secures that same EVM environment.…
Read 31 tweets
New Frontiers of #Terrorism- Earlier SocialMedia now #Cyptocurrencies.

🔶 With conventional means of funding #terrorism is under tight scrutiny by #India , #terrorists are finding it hard to survive, So its time for a new means & new #technology has come up .
🔶Its #cryptocurrency. With expertise & access to #DarkWeb & cryptocurrency available, its hard to track the agencies or souces funding them .There was a time when one could take cash secretly & perform transaction without fear of tracking by regulatory agencies.
🔶Digitisation of financial system deprived them of privacy. cryptocurrencies promise to return privacy & anonymity to #terrorists , #cryptocurrency or ‘virtual currency’ does not have govt backing. It has no legal existence in any financial system.
Read 7 tweets
If you wanted a cryptocurrency that gave you privacy, sound money, cheap on-chain txs, had sustainable funding, world class devs, wasn't always on the verge of a split, and attracted people who seemed to want to leave the world better than they found it, you'd look at #Zcash.
@zooko and his team's deliberate style of getting the foundations right before worrying about the flourishes has resulted in a product that seems to have what is needed to stand the test of time.
But best of all, is really useful today. It doesn't rely on absurd or dogmatic predictions about the future to define its value. It's really useful, even vital in some cases, right now.
Read 4 tweets
I know we've mocked the Schelling point meme re #BTC, but I do _try_ to look at objective facts when I can. Check out this thread if you have doubts about #Bitcoin's future.
I struggle with altcoins' and forks' predictions in the face of this kind of data. via google trends
Read 23 tweets
Today, ECC released the source code for prototype wallet applications built on our SDKs. These are reference implementations for fully-functional, shielded-only, Android- and iOS-native applications. Direct links and more info in this thread. 👇👇👇 (1/6)

#z2z #Zcash $ZEC
Android ECC Wallet:…

iOS ECC Wallet:…

We view this as a significant milestone in our efforts to increase shielded address adoption, improve user experience and empower economic freedom. (3/6)
Read 6 tweets
The #crypto bull is here.
People invest in hyped protocols, smart investors invest in promising tech, network effect, and even rumors.
I will give you my POV on #Bitcoin, on #Ethereum, #Tron and also on #IOTA
Share this with newcomers, protect future investors.
The most important rules before you invest:
-NEVER invest money that you can't afford to lose.
-NEVER participate in signal groups or pump and dump groups
-NEVER trust a stranger, don't send him money
-only trade on reputable exchanges, don't do personal trades in forums.
-You should go to (for example) Kraken, Coinbase, Binance, Bitpanda, Shapeshift, Gemini.
Create an account, verify yourself.
Only trade there and secure the account with 2FA and at best with a separate phone. Don't share your email or number anywhere!
Read 24 tweets
We think of the governance components of NU4 as a type of constitutional amendment to the #Zcash protocol, and have been impressed with the rigor of ideas and debate that community members have displayed through this process.
#Zcash is in the most contentious stage of governance: deciding how future decisions will be made.
While it hasn’t been easy & an unnecessary amount of FUD has weighed on $ZEC, I feel grateful to have been part of this process as I agree it’s been “the most sophisticated debate/discussion on post-launch dev funding for a blockchain project in history.”
Read 4 tweets
Both @placeholdervc & @BlocktownCap support decentralizing governance of #Zcash dev funds to a 2-of-3 multisig, but diverge in % of new $ZEC supply that should be allocated over the next 4 years.

What's your preference for % allocation to Zcash dev funds from 2020-2024?
@placeholdervc @BlocktownCap For context, the 3rd option (Linear decline 20% -> 10%) is new & would look something like follows:

2020-2021: 17.5%
2021-2022: 15%
2022-2023: 12.5%
2023-2024: 10%

Following the 2nd halving, this could then march linearly from 10% to 5% of new $ZEC supply to dev funds and so on
@placeholdervc @BlocktownCap @BlocktownCap's proposal:…

@placeholdervc's proposal:…

Both firms agree the % allocation is ~arbitrary as the fund's $ amount is so dependent on $ZEC price, but what's key is the legitimacy of the decision. Hence the poll 🙂
Read 3 tweets
0/ 'Twas all happening on Wednesday in the world of #crypto/#blockchain! Below, I've put together a 25-part thread featuring all the best happenings in the space from the past day or so. Let's do this!
1a/ ⚖️ @MakerDAO [ $MKR / $DAI ] announced the MakerDAO Foundation underwent a major restructuring. Why? To "provide stronger support to help the Dai Credit system navigate an increasingly complex and ever-changing regulatory and competitive landscape."…
1b/ Ⓜ️ All Maker-related entities are part of the Maker Ecosystem Growth Group, a conglomerate of subsidiaries housed under the Cayman Islands-domiciled Maker Ecosystem Growth Foundation. It's temporary and "will dissolve once MakerDAO has achieved its decentralization goals."
Read 36 tweets
0/ The level of daily activity that takes place in the #crypto and #blockchain space never ceases to amaze me.

Below, a 22-part thread full of project announcements and other ecosystem events from the past ~24 hours. Enjoy!
1/ 🚀 @DharmaProtocol- and @CompoundFinance-powered @Bloqboard introduced its 'Offers to Lend' feature!

Now, lenders can offer to lend $BAT, $DAI, $REP, $WETH and $ZRX in a P2P-manner from their @MetaMask_io wallet. Can be done in under a minute!
2/ 🙋‍♂️ Hong Kong-headquartered @CryptoCom appointed Tyson Hackwood (@tysonius) to its leadership team as senior vice president and head of global merchant acquisition.

Previously, Tyson led @PaypalHereAU and @Braintree's Asia-Pacific region. Big hire!…
Read 25 tweets
0/ Such a full-on 24 hours for the #crypto/#blockchain space! When is it not?

Too much to take in? Fear not, I've got you covered, and have put together a thread of 24 events - one for each hour? (🤷‍♂️) - that caught my eye. Let's go!
1/ 🤝 @FantomFDN [ $FTM ] partnered with @Danfoss, a multi-billion-dollar #energy/#IoT manufacturer & service provider.

The Denmark-headquartered company will work w/ #Fantom to "explore the possibilities of accelerating the development of the microgrid."…
2/ 🆕 The @AERGO_io team published the mother of all blog posts. And why not! For it unveiled both the AERGO Chain Alpha & the AERGO pre-testnet.

Click through for more on their consensus algorithm (i.e., BFT-dPOS), Client SDK, and what's next for #AERGO.…
Read 25 tweets
0/ Lots of #CryptoNews as always! Below is a look into some of the eye-catching happenings in the #crypto and #blockchain space over the past 24 hours or so...
1/ 📝 @Ethfinex's #0x-powered #EthfinexTrustless hybrid DEX listed @MakerDAO [ $MKR / $DAI ], @SpankChain [ $SPANK ], @AttentionToken [ $BAT ], @AI_Autonio [ $NIO ] and @AugurProject [ $REP ].

Trade instantly vs. a highly liquid, centralized order book:
2/ 🔛 @GetGitcoin unveiled 'Kudos', an easy way to show appreciation and build relationships in open source.

Each Kudos is ltd. edition, sovereign to #Ethereum's #blockchain, with a custom art piece your collaborator can show off on their #Gitcoin profile (or #ERC721 wallet).
Read 25 tweets
0/ A weekend whip-around of the #crypto and #blockchain space to help you get up-to-date on all the latest...
1/ 🦖 @ConcourseOpen's @SettleFinance - a web-native OS for decentralized finance - announced November 12 as its launch date!

Learn more:
2/ 👀 @TimothyJCoulter's world-leading #Ethereum development framework - @TruffleSuite - is flirting with the 1,000,000 lifetime downloads milestone.

Will undoubtedly mark a symbolic moment for the @Ethereum ecosystem. Right as #Devcon4 approaches, too!
Read 24 tweets
@claudiorlandi @rbkhmrcr @AarhusUni @uclisec Abstract:
* QuisQuis provides both a relatively small state footprint with comparison to ever growing chains Zcash & Monero (similar to Bitcoin UTXO set)
* QuisQuis provides plausible deniability - a user can deny he's part of a tx (in contrast to Zcash, similar to Monero)
@claudiorlandi @rbkhmrcr @AarhusUni @uclisec Proofs are reasonably computationally light (much lighter than Zcash's zk-SNARKs), and small in size (~13kb, still larger than Monero's post-bulletproofs which are 3.7kb).
@claudiorlandi @rbkhmrcr @AarhusUni @uclisec Me:
Scalability (smaller state footprint): better than #Zcash & #Monero, definitely not better than #MimbleWimble.
Privacy: same as Monero & MW, worse than Zcash in theory, better than Zcash in practice (small usage of shielded txs due to overhead).

CC: @grinMW @beamprivacy
Read 4 tweets
1\ In 6 hours, #Bulletproofs become mandatory on the #Monero mainnet.

I don't remember being this excited about a hard fork in a long time. The article below gives you the full picture as to why, but I will try to summarize it in this thread.…
2\ Disclaimer before I begin: A couple of weeks ago, I shared some of the findings of our report on #Zcash and many in the community (incl. @fluffypony) perceived it as an attack on @monero.

- It wasn't. In fact, we see vibrant experimentation and development in Monero.
3\ #Bulletproofs is one the most important technologies deployed on a mainnet this year. It can be applied to many proof systems to increase privacy and efficiency, as it reduces transaction sizes (& fees) by as much as 80%.

To fully appreciate this, let's clarify a few things:
Read 16 tweets
1/ @alexhevans recently dug into the numbers behind forks of #Bitcoin, #Ethereum, #Monero & #Zcash.

Main conclusion: Value can’t be forked away as easily as people like to think.…
2/ Secondary conclusion: Despite parent #cryptonetworks retaining users, devs & value, the child forks trade at (puzzling) relative valuation premiums.
3/ To follow are graphs and conclusions from @alexhevans that are relevant to specific actors or ratios (if you're not a fan of long form writing 😉)
Read 11 tweets
I'm with Vitalik. ()
Zero-knowledge proofs may be the future of private trade.
Side note: #Zcash was at $195 when I tweeted that three months ago. Today it touched $600.
Please, for god's sake don't take my tweets as investment advice. I'm a technologist, not a stock broker. I point to the price increase because it's an interesting metric of recognition, not because I think you should buy it.
Read 3 tweets

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