Nathan Wilcox, CTO of Zcash – BRINGING FUNGIBILITY TO CRYPTOCURRENCY BY UNLINKING COINS FROM BLOCKCHAIN HISTORY
Finding Genius Podcast
Richard Jacobs
4.4 • 1K Ratings
🗓️ 22 August 2017
⏱️ 37 minutes
🧾️ Download transcript
Summary
All coins are created equal—that's the motto of Zcash. With Bitcoin, the sender, recipient, and transaction amount are visible in the blockchain, meaning that with enough time and data, the history of individual coins can be traced back through its hops. None of these are visible with Zcash, which gives its users complete privacy. Transactions can still be verified, even without this information, using a zero-knowledge proof called a ZK SNARK. In this way, all that is ever known about coins is their value, making your money fully fungible and private.
Transcript
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| 0:00.0 | The Bitcoin, Ethereum, and Blockchain Superconference is coming to Dallas, Texas, February 16, 17, and 18 in 2018. |
| 0:11.9 | If you know of a better way to get the latest insider knowledge about crypto, to hear directly from the top minds in this field, |
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| 0:28.6 | If you don't, then you don't want to miss out. |
| 0:31.6 | Registered today for the Bitcoin, Ethereum, and Blockchain Superconference. |
| 0:35.9 | Go to Bitcoin Superconference.com and register today as a super early bird to get the lowest rates on tickets and hotel rooms. |
| 0:44.3 | That's Bitcoinsuperconference.com. |
| 0:48.8 | Welcome to Almost Here, Around the Corner of Future Technology Podcasts with Richard Jacobs. |
| 0:55.3 | Future Technologies, ways to transform our lives for better or worse, |
| 0:59.1 | or the focus of this podcast. |
| 1:01.0 | Almost here means these technologies are now here and starting to be used, |
| 1:05.4 | or just around the corner, from Bitcoin to artificial intelligence, 3D printing, |
| 1:10.4 | blockchain, virtual reality, and more. |
| 1:13.9 | Hi, this is Richard Jacobs with the Future Tech Podcast. My guest today is Nathan Wilcox, |
| 1:19.2 | the CTO of Zcash. I'm looking forward to talking to Nathan for a long time. How you doing, sir? |
| 1:24.7 | I'm doing good. Thanks for having me. |
| 1:26.6 | Yeah. So would you give listeners an idea and an overview of Zcash? |
| 1:30.6 | You know, why was it created and what's the purpose of it as a cryptocurrency? |
| 1:35.6 | Sure. So it is a cryptocurrency that's very similar to Bitcoin. We started with the Bitcoin |
| 1:42.7 | code base, the Bitcoin core code base. And the purpose of it is to create internet money. And we believe one of the key properties needed for money is to be fungible. So that means, yeah, any two units that you get, any two coins are, there's no way to distinguish |
| 2:04.6 | any properties about them other than their value. |
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