Zсash on Track to Greater Decentralization

  • Alex Dovbnya
    📰 News

    In the absurdly centralized world of cryptocurrencies, Zcash is poised to be an icebreaker

Zсash on Track to Greater Decentralization

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.


Cover image via u.today
Subscribe to U.Today on Facebook, and get involved in all top daily cryptocurrency news, stories and price predictions!

About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

👓 Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings