Ethereum (ETH) Founder Vitalik Buterin Tags Zcash (ZEC) “cool” Project

The founder of Ethereum and one of the most popular names in the cryptocurrency world, Vitalik Buterin has tagged Zcash as a cool project.

He made this statement while talking about ANON, a not-so-popular cryptocurrency. According to him, he considers Zcash to be a very cool project.

He was asked on Twitter by The Crypto King:

“Do you comment on coins besides ETH? I was curious 🤔🤔

Thoughts on #ANON? We are trying to transparently add relevant tech through a fork while building a huge community. @ANON_WeAreANON pic.twitter.com/N2ULJUA3WB”

Buterin replied “I do sometimes. @zcashco is cool.”

Zcash is an interesting coin

This statement by Buterin is an indication that Zcash has some very unique feature. There have been talks about the cryptocurrency world for months now about privacy coins.

Zcash is a privacy coin with a lot of interesting features and has received praises from users. However, some still attack it as they believe privacy coins will help in fueling criminal offenses on the internet.

Cryptocurrency exchange Coinbase a few weeks ago announced that it is currently exploring five assets, with Zcash one of them.

This announcement was viewed as a very important one for ZEN considering the fact that many don’t understand how reliable it is until Coinbase mentioned it. The other coins considered are, Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), and 0x (ZRX).

Coinbase in its statement talked about Zcash, stating that:

“We may also only enable certain ways to interact with these assets through our site, such as supporting only deposits and withdrawals from transparent Zcash addresses.”

Interesting times for Zcash

On Saturday, Zcash Foundation, in its weekly updated revealed that Zcashd 2.0 also known as the first Sapling compatible version is going to be released today, August 13, 2018.

In addition to that, a video series dubbed Perspective, a series purposely recorded during the Zcon0 conference will also be released. The Zcash community organized its first-ever conference and was called Zcon0

The slated updates for this week are:

  • Zcashd 2.0 release
  • Sapling
  • Website rebranding
  • A policy to aid set up of Zcash meetings.

Privacy is something that has been discussed in-depth in the cryptocurrency world. According to Weiss and Villaverde in the latest Weiss Rating,

Privacy DLT is a technology that can guarantee the anonymity and privacy of voters, precisely what’s essential for secure, democratic elections. Thus, the same kind of Privacy DLT that Zcash uses for shielding transactions can also be used to create a fast, efficient, anonymous, and secure voting system.

People are embracing privacy coins at an astonishing rate. Security experts have warned that privacy coins can become an option for criminals online.

Despite that, privacy is becoming more important to people as they feel they are under the government’s surveillance.

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