'Privacy Scales Better: Understanding Zcash, Zero Knowledge Proofs (zKP) & Electric Coin Company' zcash privacy
While ZKPs’ Proof of Concept appeared in the 80s, they were highly inefficient due to their size.
While Zcash succeeded in making ZKPs small and efficient enough to allow transactions to be fast, cheap, and private simultaneously, there still exists one major flaw in their implementation:Toxic Waste refers to a set of random numbers generated during the set-up phase to build the Public Parameters which later allow users to construct and verify private transactions.
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