Vitalik Buterin shares aspects of ZCash [ZEC] that Ethereum can adopt
Ethereum co-founder Vitalik Buterin recently spoke at the Ethereum San Francisco event about various topics including early days of blockchain industry, how Ethereum came into being and important aspects of ZCash [ZEC] which Ethereum can adopt.
Vitalik talked about how Zcash community differentiates between Zcash Foundation and Zcash Co.“They have actually done quite good job of just setting up a community in a way where there’s limited level of influence,” he said.
“In the other one, interesting ideas that I think Zokoo came up with this idea that practical control over protocol development and control over trademark ownership should be maximally separate,” he added.
Vitalik Buterin went on to say that Ethereum and other public blockchains should consider adopting it because the approach of Zooko Wilcox-O’Hearn, founder of Zcash, was “pragmatic” and can reduce “centralization”.
Vitalik’s admiration for Zcash is not new. Last month, Vlad Zamfir, a researcher at Ethereum Foundation posed a question on Twitter – could anyone think of two cryptocurrency communities that might come up with the first blockchain merger? Zooko Wilcox, founder and CEO of ZCash, was quick to respond with Ethereum co-founder Vitalik Buterin’s hypothetical example of a Zcash-Ethereum merger, and stated that he liked the idea.
However, Vitalik Buterin wrote that communities cannot “credibly commit” to a merger. A merger would probably divide the community – one group would likely be excited about the merger and push it through, while the other might be strategically silent until it happens. He added that it is not impossible, but is very complex.
During the Ethereum San Francisco event, Coinbase CTO, Balaji Srinivasan who was also present along with Vitalik in the discussion spoke about the how Coinbase is keeping up with technological development where he shared that Coinbase is aware of technological advancements outside Coinbase and is looking at several aspects of privacy coins such as zk-SNARK and Bulletproof. He added that Coinbase is aware about the technology behind stablecoins, and token curated registries.
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