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The pseudonymous nature of Bitcoin addresses enables transactions without identifying personal information, but that doesn’t make it a completely anonymous cryptocurrency. Because the entire transaction history lives in public view on a blockchain, it can be possible for investigators and firms to piece together people's identities based on the movement of coins and details held within addresses. That’s where so-called privacy coins come in. Cryptocurrencies like Monero (XMR), Zcash (ZEC), and D ..read more

Twitter has tapped former Zcash core developer Jay Graber to lead Bluesky, a project CEO Jack Dorsey has said will "develop an open and decentralized standard for social media." Dorsey welcomed Graber to the role this morning via his centralized social network, Twitter.  Graber authored an ecosystem review for the product in January that included contributions from members of Protocol Labs who work on the InterPlanerary File System and Filecoin Network, among others.  In addition to IPFS and oth ..read more

Proof of stake (PoS), a consensus protocol that uses deposited crypto to secure a blockchain, is becoming more in vogue. Two projects from Ethereum co-founders—Polkadot and Cardano—use it, Ethereum rival Solana says it gives the project super speeds, and Ethereum is months away from its own transition to PoS. Zcash, a prominent privacy coin with a market cap of $1.2 billion, may join it.  "While there are many people who prefer PoW, I believe that PoS would make ZEC more valuable to more people ..read more

Yesterday, Electric Coin Company, the organization behind privacy coin Zcash, outlined its official roadmap for the next three years. Within hours, the price of Zcash rallied from $147 to $189, an increase of 28.6%. The privacy-focused organization said in a blog post that it’ll release an official ECC wallet in 2022, before moving Zcash from a proof-of-work consensus mechanism to the more environmentally friendly proof-of-stake model within the next three years. Electric Coin Company says it w ..read more

You likely haven't heard of Findora, a privacy-centric blockchain that "makes it possible for users to share information without showing it." But if its strategy pays off, the under-the-radar blockchain being developed by Discreet Labs could be in competition with well-known privacy coins Zcash and Monero. Today, it announced a $100 million ecosystem fund to be used for research, development of new applications, infrastructure such as staking, and liquidity.  The money, to be deployed over the n ..read more

Top privacy coins like Monero and Zcash are surging in price today, with several of them posting overnight gains of 10 to 20%. The largest privacy coin Monero, which has a market capitalization of over $3.5 billion, shot up 18.8% in the last 24 hours and trades for around $195.43. Despite the rise, that’s still about 64% short of its former all-time high of $517, set back in May 2021, according to CoinMarketCap.  Zcash is up 17.6% today and trades for $131.87 at the time of writing. Like Monero ..read more