Are all coins really created equal?
Success is having to worry about every damn thing in the world, except money.
– Johnny Cash
Information + Resources
Zcash is an emerging cryptocurrency, introduce in October 2016, based on Bitcoin‘s blockchain ideas and integrated with Ethereum. Right now it is the 2nd-most valuable per token, but there are only 1.5 million tokens unlike Bitcoin’s 21 million. ZCash is marketed to be open, permissionless, and fully untraceable. This is, in their words, to disempower surveillance states and increase economic efficiency. The technology behind it has been in development since 2014 as a collaboration between cryptographers from MIT, Technion (Israel-IT), and Tel Aviv University.
However, there are now conspiracies surrounding the nature of this coin and the possibility of it having a backdoor for law enforcement since an untraceable coin would be great for laundering money and anonymous transactions. Otherwise, this is a well-backed currency, with JP Morgan recently jumping on board with the tech. This is definitely worth reading into as Zcash is a direct competitor to Bitcoin and the technology is growing fast.
// Originally written May 31, ’17. Price at the time: $235 / ZEC
// Edited June 16, ’17. Price at the time: $400 / ZEC