ZCash is a ‘cool’ project, says Ethereum co-founder Vitalik Buterin 20876
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Pinaz Kazi
Aug 13, 2018 at 10:01 AM

Ethereum co-founder Vitalik Buterin is known for being vocal about crypto issues and often found debating over crypto-related things. Recently, he put up a poll for Bitcoin community, prior to which he was found debating over Ouroboros Vs. Casper with Cardano’s Charles Hoskinson. This time, however, it wasn’t a debate, he was asked by a Twitter user, ““Do you comment on coins besides ETH? I was curious.” Vitalik Buterin replied to it by praising Zcash.

Twitter user, The Crypto King, wrote, “Do you comment on coins besides ETH? I was curious. Thoughts on #ANON? We are trying to transparently add relevant tech through a fork while building a huge community. @ANON_WeAreANON pic.twitter.com/N2ULJUA3WB”

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The unique features of Zcash serves as an evidence to Vitalik Buterin ’s statement. In a recent Coinbase announcement, it noted that they’ll be exploring five digital assets and Zcash was one of them. This came as a big news for the community, since reliability of the coin remained questionable until then.

Privacy coins like Zcash should be embraced by nations: Weiss Ratings

Moreover, the privacy coin has been praised by a number of crypto enthusiasts previously as well. However, there are some who believe that the privacy coins are increasing crimes on internet. However, in a recent Weiss Ratings blog post written by Martin D. Weiss, PhD and Juan M. Villaverde, that nations should embrace privacy-focused coins like ZCash.

“The same privacy technology that can be used by criminals to obscure and disguise their activities can also be utilized by governments, companies, and citizens to encrypt data and deny access to those criminals,” according to the blog.

See also: Ethereum co-founder Vitalik Buterin debates on Bitcoin block size; community argues

According to Weiss and Villaverde, “Privacy DLT is a technology that can guarantee the anonymity and privacy of voters, precisely what’s essential for secure, democratic elections. Thus, the same kind of Privacy DLT that Zcash uses for shielding transactions can also be used to create a fast, efficient, anonymous, and secure voting system.”

Image via Shutterstock

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