Satoshi correctly envisioned a world in which unstoppable private money at scale would out compete the paper money of politicians. Bitcoin accomplished part of this vision. Zcash will deliver the rest.
Bitcoin succeeds as digital gold, a vital inflation hedge. But it is neither private as pseudo anonymity has failed nor is it scalable outside of centralized structures like ETFs.
Bitcoin mostly complements the fiat system by making wealth seizure trivial through centralized custodians while leaving users open to physical attacks because wealth is broadcast to everyone on the planet. Individuals need privacy.
Zcash solves privacy through zero knowledge (Zk) tech and end-to-end encryption for user transactions. In fact Zcash and similar Zk systems are the only private cryptocurrencies because they encrypt the ledger. Decoy systems such as Monero are broken because decoys moving across a transparent ledger can eventually be teased out. This flaw becomes fatal with AI coming online to automate the work.
Yet private Zk systems are notoriously hard to scale. They have state contention around unique identifiers called nullifiers required to prevent double spends and worse require all user wallets to download all transactions and attempt to decrypt each one to see if the funds are theirs. At best todays Zk systems are toys.
That is until Project Tachyon. An Apollo Project for a free future run by famed Zk engineer Sean Bowe. The end point of a decade’s long research effort by the scientists and engineers of Zcash to scale private unstoppable money to the world.
Project Tachyon resolves state contention while improving user experience because wallets no longer need to download all encrypted transactions. Check out Sean’s write up here.
The Zcash ecosystem is focused on shipping this new architecture within the next 12 months. The worlds first private money at planetary scale, a zero to one event.
Bitcoins serves as a public store of value for governments and corporations. Individuals however need to store wealth privately to avoid wealth seizure, targeted scams and physical attacks. Internet native private wealth storage is easily worth a trillion. ZEC $50k the last 1000x in crpyto.
More importantly for those who came into crypto for the ideals of a better world in which individuals are sovereign, free to choose their associations, be safe in their wealth and spend their money, their life force, as they choose without the Panopticons approval Zcash is for you.
Now is the time to join the revolution. Freedom comes from privacy.