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Zсash on Track to Greater Decentralization

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Tue, 30/10/2018 - 15:42
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Zсash on Track to Greater Decentralization
Cover image via U.Today
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Earlier, U.Today reported that only 14 percent of cryptocurrencies actually live up to Satoshi’s while the overwhelming majority of digital assets remain more or less centralized. Meanwhile, Zcash (ZEC), one of the most famous privacy coins, is trying to break this tendency by distancing itself from the startup.

In order to pull this off, the non-profit Zcash Foundation has recently teamed up with Parity Technologies in order to create a consensus-compatible Zcash node. Two engineers will reportedly be involved in building the node.

Zcash Foundation's Sonya Mann states that ZCash (the currency) and ZCash (the startup) are inherently prone to forking. The second node is expected to enhance the security of the network.

 

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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