Category: Zero-Knowledge Proofs

The Latest Zcash Software Release Supports the Network’s ‘Largest Upgrade in History’

The Latest Zcash Software Release Supports the Network’s ‘Largest Upgrade in History’

According to the Electric Coin Company, the team behind the cryptocurrency network Zcash, the protocol is soon to implement the largest upgrade in history. The Zcash development team has released the 5.0.0 codebase which supports the NU5 upgrade that will occur on or around May 31, at block height 1,687,104. Electric Coin Company and Zcash […]

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a16z leads $13 million funding round for privacy tech startup Nym

a16z leads $13 million funding round for privacy tech startup Nym

Venture capital firm Andreessen Horowitz (a16z) has led a $13 million Series A funding round for the blockchain-powered privacy web startup Nym Technology. Other participants in the round include Digital Currency Group, Tayssir Capital, Huobi Ventures, HashKey, Fenbushi Capital and others, bringing the three-year-old Swiss startup’s total valuation to $270 million. Forbes first reported the […]

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FinCEN seeks presentations on zero-knowledge proofs, other privacy tech for September event

FinCEN seeks presentations on zero-knowledge proofs, other privacy tech for September event

The Financial Crimes Enforcement Network (FinCEN) announced Wednesday that it is soliciting participation for its Innovation Hours Program on September 9, 2021.  Specifically, FinCEN is seeking out input from companies that deal with privacy technology such as zero-knowledge proofs, an encryption method used in conjunction with blockchain networks in which a transaction can proceed without […]

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Aztec unveils Ethereum Layer 2 network that uses zkSNARKs for both privacy and scalability

Aztec unveils Ethereum Layer 2 network that uses zkSNARKs for both privacy and scalability

Aztec, an Ethereum startup that was initially focused on using zero-knowledge proofs to make transactions private, has unveiled a new Layer 2 platform that uses the same cutting-edge cryptography to improve scalability, too. Aztec 2.0 is based on an emerging technology known as zero-knowledge(zk) rollup. It employs a type of zk-proof called zkSNARKs to bundle […]

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