29 Oct '16, 7pm
Meet the Latest Hyped Cryptocurrency - Fortune
Meet the Latest Hyped Cryptocurrency On Friday a new cryptocurrency premiered. The first Zerocash, or Zcash, electronic coins were minted yesterday. While the debuts of most new digital monies are suspect events, the introduction of Zcash was hotly anticipated among insiders for its use of cutting edge cryptography. The team behind the payment system derived its code from the original cryptocurrency Bitcoin, layering on features that are absent in the predecessor. (For more on alternative cryptocurrencies, read my recent feature on Vitalik Buterin , founder of another decentralized financial network called Ethereum, in the October issue of Fortune magazine.) Zcash permits, as its creators have billed, unparalleled privacy and anonymity for its users. Whereas Bitcoin enables pseudonymity —a canonical disguise—Zcash offers a protean shroud. On the Bitcoin blockchain, the pub...