ZeroCash: A Cryptocurrency’s Deep State Ties

By James F. Tracy

(Updated 12:25AM October 29)

October 28, 2016 marks the official launch of Zerocash (“Zcash,” “ZEC”), a new cryptocurrency that has received tremendous attention from the Bitcoin community. The technology is named for its zero-identity function of shielding transactions on its blockchain, or digital ledger. “Zerocash is a new protocol that provides a privacy-preserving version of Bitcoin (or a similar currency),” its developers explain. “[I]n Zerocash, users may pay one another directly, via payment transactions that reveal neither the origin, destination, or amount of the payment.”