Zcash 4th Birthday
Zcash launched on October 28, 2016 by the Electric Coin Co. Zcash was the first practical application of Zero-Knowledge proofs, specifically zk-SNARKs, a novel mathematical proof that can quickly and efficiently verify a transaction and add it to the blockchain without revealing any details to the public. SNARKs require a set of public parameters which allow users to construct and verify private transactions. These parameters are set up in an elaborate secure multi-party computation; for Zcash, this is known as the Trusted Setup. Learn more about Zcash’s history.
Next month, Zcash will see two exciting milestones: a new community development fund and the first Zcash halving. These milestones coincide with our next Network Upgrade, code named Canopy. We hope you’ll join us in celebrating this next chapter for Zcash.