Ethereum’s Vitalik Buterin Gives Zooko’s Zcash Project ‘Cool’ Thumbs Up Props
The Zcash Platform Has Been Considered As A Cool Project According To The Co-founder Of Vitalik Buterin
The co-founder of Vitalik Buterin has been known for being very vocal, this is on the various crypto issues, and often they are found having debates on the various crypto related items. Recently he was able to put up a poll for the Bitcoin community, and before this, he was debating on the Ouroboros Vs. Casper, this was with Cardino’s Charles Hoskinson.
But this time this was not really a debate because a tweeter user asked if he comments on any other coins other than the ETH, he replied to this question by praising the Zcash.
The Zcash serves to have very unique features which work as evidence for Vitalik Buterin’s statement. It was further noted on Coinbase that they would go ahead and explore some of the five digital assets and among them was Zcash. This announcement came as such big news within the community because the reliability of the coin had remained to be unquestionable, but this changed it all.
The Privacy Coins In The Market Should Be Embarrassed
Additionally, the privacy coin has also been praised by various crypto enthusiasts in a previous occasion, but other people firmly believe that the currency is increasing the rate of crime on the internet. But in a recent blog post by Weiss Ratings, which was written by Martin D. Weiss, Juan M. and PhD, stated that the existing nations should try and embrace the privacy-focused coins that are in the market like Zcash.
> Do you comment on coins besides ETH? I was curious 🤔🤔
I do sometimes. @zcashco is cool.
— vitalik.eth (@VitalikButerin) August 10, 2018
The various governments around the globe could also use the privacy technology that criminals are able to apply to their advantage in disguising and obscuring the activities they take part in. But this is not all as citizens, and companies could also use this to encrypt the important data thus denying access to the criminals on the web. This is according to the Weiss Ratings blog.
According to Villaverde and Weiss, the Privacy DLT is a type of technology that has been able to guarantee the privacy and anonymity of the various voters, precisely what is needed to get secure and also democratic elections. Therefore, the same level of privacy that is used on the Zcash platform in shielding the transactions that take place could also be used in creating anonymous, fast, efficient and even a very secure voting system. It is something that governments need to look into.