Vitalik Buterin's approach to ZCash: Review and Prospects
Date: 2024-04-23 Author: Oliver Abernathy Categories: BUSINESS
Ethereum founder, Vitalik Buterin, expressed his views on ZCash, highlighting the importance of a new approach to development financing. In proposing the merger, he called for maintaining a conservative approach in technology, but experimenting in economics.
RPGF concept
Buterin's idea of RPGF rounds managed off-chain suggests the integration of an annual issuance or an anonymous voting system for decision making. This concept is based on the principles of decentralized management.
Importance of zk-SNARK technology for ZCash
ZCash uses zk-SNARK technology to ensure user privacy. However, at the moment, it requires significant computing resources, which limits its use on mobile devices.
Promotion of confidential transactions
To successfully support confidential transactions, ZCash needs to actively promote their benefits and create incentives for use. This will move the ZCash project to the forefront of financial privacy development.
Thanks to the efforts of leaders like Vitalik Buterin, ZCash can become a key player in ensuring transaction privacy and security. His contributions to the project point to the promise of a shift to more secure and private financial transactions in the future.
