Blockchain

Story: Zcash (ZEC) Makes Its Ethereum ‘Wrapped’ Debut With Tokensoft and Anchorage

By Dan Saada

1 / 12

Zcash (ZEC) and Wrapped

2 / 12

Electric Coin Company are the inventors of Zcash.  They recalled on how Zcash will be turning 4 next week and they sought experts’ perspective.

3 / 12

They have asked some kids to draw a zk-SNARK. They have told the kids that they do not know what they actually look like.  They asked the kids to use their imagination.

4 / 12

They told the children that Zk-Snarks protect our privacy and freedom.  They were first discovered in the late 80s.  ZK-SNARKS use very advanced math.

5 / 12

About Zcash Turning 4 Sydney Ifergan, the crypto expert tweeted:  “Zcash (ZEC) have been doing a great job protecting the privacy and freedom of users and hope they do it for…

6 / 12

Bisontrails QT platform have offered a secure infrastructure to run Zcash nodes, making it easier for businesses to support ZCash.

7 / 12

Zooko tweeted:  “Privacy Coin Zcash Makes Its Ethereum ‘Wrapped’ Debut with Tokensoft and Anchorage”

8 / 12

The weekly forum update reported, Zcash (ZEC) is the first coin supported by Wrapped, Tokensoft and Anchorage’s cross-chain bridge.

9 / 12

Of note, Wrapped is the best place to get access to layer one protocols on Ethereum. The first asset being launched is Wrapped Zcash.

10 / 12

When asked if the wrapped version doesn't come with the anonymity set.  The reply was, Exactly.  IMO.

11 / 12

While Zooko retweeted about Wrapped it just looks like while other founders find the idea of their coins wrapped on ethereum unpalatable.

12 / 12

Meanwhile talks are progressing about how to purchase Wrapped Zcash on Uniswap.

The Currency Analytics

Want the full story?