Updated: 2026-05-17
- Charles Hoskinson published a controversial post about kriptovalyuta Zcash implemented the concept of digital money better than Bitcoin.
- This is achieved through complete confidentiality, which, again, the Bitcoin blockchain does not have to the same extent.
Founder Cardano Charles Hoskinson wrote, that is confidential kriptovalyuta Zcash (ZEC) is much closer to the philosophy of digital money than modern BitcoinIn his opinion, if we evaluate coins through the prism of cyberpunk values, Zcash conceptually superior to BTC.
Hoskinson believes that Bitcoin has lost its main competitive advantage: anonymity. Today, it has become too public, institutionalized, and transparent. Meanwhile, zero-knowledge proof technology (zk-SNARKs) Zcash completely hides the participants of transactions and their amounts.
Hoskinson referenced Hal Finney’s 1993 work, in which he described electronic money as a tool that returns control over personal information to individuals beyond the reach of the state. Based on this, the founder Cardano concluded that Zcash implemented this concept technically more accurately than the open Block bitcoin.
Of course, these statements provoked a sharply negative reaction. Bitcoin- maximalists. They noted that Zcash It will never be able to match Bitcoin’s level of trust, as 25% of the reward for every mined ZEC block is automatically transferred to the developers’ wallets. The community often refers to this as “hidden pre-mining,” something Bitcoin does not offer.
In addition, they called the mention of Hal Finney an inappropriate gimmick, since he died long before the creation Zcash, never supported him, just like his entire family.
It must be acknowledged that at the present time Zcash is popular with major companies active in the crypto market. For example, the Winklevoss brothers and Barry Silberth are actively accumulating the privacy cryptocurrency, and Grayscale is exploring the possibility of transforming its Zcash Trust in full-fledged spot ETF.
At first glance, this seems speculative. Unlike Bitcoin, whose transactions are truly public and prevent organizations from paying salaries in it due to potential employee conflicts, Zcash They do indeed conceal both the sender and the recipient. However, ZEC’s regulatory status is unlikely to improve anytime soon.
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