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Zcash Co-Founder Promotes Shielded Bitcoin and Reaffirms ZEC Price Target

(7 days ago) · 1 source · Summarized by CryptoBipto

Zcash co-founder Eli Ben-Sasson has expressed support for privacy-focused Bitcoin technology known as Shielded Bitcoin. He also stated that his previously announced year-end price target for ZEC remains achievable.

WHY IT MATTERS

Privacy in cryptocurrency is a major topic. Most blockchains, including Bitcoin, are actually quite transparent — anyone can look up transactions on a public ledger, like a shared spreadsheet everyone can read. Zcash introduced technology called zero-knowledge proofs, which let you prove a transaction is valid without revealing the details — imagine proving you have enough money to pay for something without showing your bank balance. The idea of bringing this privacy technology to Bitcoin is significant because Bitcoin is the most widely used cryptocurrency. However, when a project founder makes price predictions about their own token, readers should treat those claims with caution, much like how a company CEO predicting their own stock price would raise questions about objectivity.

Eli Ben-Sasson, a co-founder of Zcash and CEO of StarkWare, has publicly backed the concept of Shielded Bitcoin, which would bring privacy features similar to those in Zcash to the Bitcoin network.

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SOURCES

  • beincrypto.com

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BTCZECPrivacyZero-Knowledge ProofsBitcoin DevelopmentPrice Predictions