Edward Snowden was one of six people who helped launch Zcash

Home / Edward Snowden was one of six people who helped launch Zcash

Former CIA agent Edward Snowden revealed that he played a key role in the creation of the Zcash privacy token (ZEC).
The video from Zcash Media contains an interview with Snowden in which he spoke about his involvement as one of six people who had part of Zcash’s multi-signature private key to launch the project on Oct. 23, 2016.
“My name is Edward Snowden. I participated in the original Zcash ceremony under the pseudonym John Dobbertin,” he stated.
Edward Snowden is a whistleblower who uncovered U.S. government surveillance tactics and went into hiding in 2013.
Zcash is a decentralized blockchain that uses zero-disclosure evidence in its transactions. ZEC transactions cannot be traced and the amounts transferred cannot be determined, unlike the relatively transparent bitcoin.
At the Zcash ceremony, Snowden and five others pooled their parts of the Zcash private key to launch the project. None of the participants knew who the others were or what part of the key they were holding to protect their anonymity.
A portion of each person’s key had to be destroyed to prevent future coins or transactions from being tampered with.
“The problem with bitcoin is that you can’t have really free trade if you don’t have private trade. I’m just very happy to see that the Zcash project is bringing us closer and closer to the ideal of a free currency that is also a private currency,” Snowden added.

Leave a Reply

Your email address will not be published.