Zcash Elaborates on Bringing Privacy to Cosmos through ZCash Open Matters from Peter Van ValkenburghMay 7, 2020
Zcash Foundation places emphasis on the zcash-pegzone repo and the details on their design draft.
ZCash Foundation tweeted: “This plan, according to Zcash, provides for an increasingly useful privacy layer for the Cosmos ecosystem, while growing the anonymity set of Zcash. And our library-first design for Zebra will let us build the Zcash portions of the project using modular, reusable components.”
The foundation also clarifies about why do this with Zcash? “Zcash is unique among privacy solutions in that it has strong network effects: new users gain anonymity from all prior transactions of existing users, while in turn contributing to greater anonymity set for the entire system.”
Zcash firmly believes that they can become a privacy layer for the other blockchains. A reference was made to how protocols facilitating interoperability across different blockchains were gaining traction. Zcash focuses on bringing the privacy gains of Zcash to interoperability protocols. Thus re-defining its role as a shared privacy layer for crypto assets.
Zcash has strong network effects. New users benefit from anonymity versus prior transactions, and they contribute to the overall anonymity of transactions in the ecosystem. The current plan is focused on taking advantage of this feature by providing for anonymity sets. Thus, providing a useful privacy layer for the Cosmos Ecosystem.
While growing the anonymity set of Zcash in the Cosmos ecosystem, the library first design for Zcash will help building the Zcash portions in the project by making use of modular and reusable components. Thus, it focused on making ZCash the go-to protocol ensuring crypto-asset privacy.
Sydney Ifergan, the Crypto Expert, tweeted: “Zcash Privacy Infrastructure for the Public Good reinstates the importance of Universal Permissionless Access. It makes sense to understand Peter Van Valkenburgh’s paper titled, “open matters.”
ZCash Privacy Infrastructure for Public Good
The blog on the privacy infrastructure for public good reinstates that a decentralized network is one that lives and dies by its protocol—further clarified that this is how people can participate by following protocol rules to be a part of the network. The people reach is achieved by increasing numbers of people adhering to the protocol. Thus, the protocol is very attractive as a mode of communication.
Board Member, Peter Van Valkenburgh recently discussed privacy-preserving contact tracing. He recently broke down on how it is possible to decentralize the process to keep intrusive surveillance at bay.