Edward Snowden: Zcash Is 'Most Interesting Bitcoin Alternative'

Re:Edward Snowden: Zcash Is 'Most Interesting Bitcoin Altern... by mrb on Friday September 29, 2017 @05:58PM (#15369610)

«ZCash is only as secure as you trust 9 people and their ceremony»

No. You only need to trust 1 of 9 persons. The cryptographic algorithm works so that if 1 honest and 8 malicious persons participate, then the output can be 100% trusted. I do think it would have been interesting to allow hundreds of random participants to take part in the ceremony. But I'm not sure what the technical hurdles would have been (eg. what if one person abandons the process in the middle, does the whole ceremony has to be restarted?)

[ Parent | on HN ]

Re:Edward Snowden: Zcash Is 'Most Interesting Bitcoin Altern... by uncletaco on Friday September 29, 2017 @06:07PM (#15369667)

I believe there's a hardfork planned to add more features (like light client support) that will need another ceremony and the Zcash team is planning on there being hundreds of participants.

[ Parent | on HN ]

Re:Edward Snowden: Zcash Is 'Most Interesting Bitcoin Altern... by AgentME on Saturday September 30, 2017 @01:12AM (#15371359)

Oooh being one of the participants would be fun. Perfect excuse to go full paranoid for a while.

[ Parent | on HN ]