Zcash blockchain officially launched

Rage Comment : Blockchain startup Zcash once understood the needs of financial executives and believed that blockchain privacy is an important determinant of its popularity. Therefore, Zcash and several other blockchain projects are aimed at achieving and protecting the privacy of blockchain technology. Currently, the platform is officially launched and the first blockchain transaction has been completed. The code is audited by an independent agency to find and solve possible loopholes. After being favored by the market, the transaction price of its related derivatives continues to rise.

Translation: Annie_Xu

Zcash is officially launched.

After months of anticipation by market speculators, the private blockchain Zcash generated its first transaction block.

Founded in May 2014, the project is described by developers and supporters as a customized financial tool that focuses on transaction privacy; at the same time, it can solve problems such as Bitcoin's fungibility. However, the project still encounters some resistance, such as some people questioning the startup's business model and how to obtain funds from within the network.

Zooko Wilcox

Zcash CEO Zooko Wilcox said in the video that the software is now available for download and all nodes have been fully deployed.

“We have now provided a blog post and a download link for the Zcash software.”

Moreover, before the official launch, the development team released two independent audit reports from NCC Group and Coinspect.

The report hopes to find possible vulnerabilities before official operation.

According to the Zcash blog post:

"We contracted external security auditors to audit our code this summer, and today we are publishing each auditor's final report. We have categorized all issues and addressed the more serious ones."

After the official launch, the transaction price of Zcash-related derivatives rose by more than 1 Bitcoin. Data from Bitcoin trading platform BitMEX showed that the transaction price was close to 2 Bitcoins.

It is expected that the price of this digital currency will continue to rise and show certain fluctuations.