In a tweet from Edward Snowden that was published on December 19, the former NSA employee noted his preference and respect for Zcash. He also wrote that the privacy technology behind the cryptocurrency could “change everything if it succeeds.”
Recall that Zcash is a cryptocurrency that is focused on user privacy thanks to advanced cryptographic functions. This cryptocurrency has a “zero-knowledge proof” feature, thanks to which the user can provide proof of a transaction without revealing the contents of the data. Thanks to this feature of cryptographic verification of encrypted data, the sender and amount of the transaction can be completely private.
Like Bitcoin, Zcash has a limited number of units - 21 million. This cryptocurrency was introduced in 2016 and today competes with privacy-focused cryptocurrencies such as Monero and PIVX.
What might the future hold for Zcash? As more and more people now profit from the rise of cryptocurrencies, many will require storage conditions with enhanced security. It is possible that Zcash will become an alternative option to Bitcoin for those people who prioritize privacy.
In his next tweet, Snowden asked his readers not to take his posts as investment advice. He emphasized that he is more interested in the technology itself than in cryptocurrency. Everyone should think for themselves and not rely too much on the advice of famous people who convince you to buy this or that digital currency.
According to https://btcmanager.com
You May Also Like
EToro advises buying Litecoin at a discount
eToro conducted an analysis of the Litecoin market and concluded that the cryptocurrency is now being sold at a price much lower than the market price.
Will Litecoin make a comeback this year?
While Litecoin's closest competitors such as EOS have already begun to recover, Litecoin is still on the opposite trajectory. However, despite this, there are many reasons that indicate that the Litecoin price will skyrocket again in 2018.
