Another concern about Zcash comes down to the Zero -
Knowledge proof protocol.
Not exact matches
So he and two graduate students, Ian Miers and Christina Garman, devised Zerocoin, a
protocol that could obscure the parties to a transaction using encryption while maintaining the auditability of the shared ledger with a set of advanced mathematical techniques called «zero
knowledge proofs.»
4 — zPIV offers a
protocol - level coin mixing service by utilizing zero
knowledge proofs to provide a link between the receiver and sender with 100 % intractability and privacy.
In a paper titled «Systemization of
Knowledge,» Bano aggregates a number of different consensus
protocols, including
proof - of - work (which bitcoin uses) and
proof - of - stake, and compares them, in order to figure out where development is wanting.
The tool is an emerging cryptographic
protocol called a zero -
knowledge proof.
This
protocol uses zero -
knowledge proofs to guarantee anonymity to Zcoin users.
The platform uses zero -
knowledge proofs to provide private or transparent transactions (as required) and a delayed -
proof - of - work (dPoW)
protocol to ensure security via bitcoin's blockchain.
In cryptography, zero -
knowledge proof or zero -
knowledge protocol is a method in which one party can prove to another that a given statement is true, without conveying any information except the fact that the statement is really true.
This
protocol requires interaction between individuals proving their
knowledge and the individual validating the
proof.
Monero gives you full anonymity and ZCash uses a
protocol called zk - snark that is a type of zero -
knowledge proof.
The Zero
knowledge proofs that are used in the Zcash
protocol are seen by many cryptographers as the most advanced in the industry.
Monaize is a project that is working on providing e-banking solutions to SMEs and freelancers while Komodo is a cryptocurrency project that provides anonymity through zero
knowledge proofs and security using delayed
proof of work (dPoW)
protocol.
Zcash works on a
protocol named zk - SNAK, also know as zero -
knowledge proofs.