Connect with us


Ethereum [ETH]’s Co-Founder Vitalik Buterin praises the Zcash community

Anvita M V



Ethereum [ETH]'s Co-Founder Vitalik Buterin praises the Zcash community
Source: Unsplash

Vitalik Buterin, the Co-Founder of Ethereum spoke about the important aspects of other cryptocurrency communities which can be adopted by the Ethereum Foundation, during the Ethereum San Francisco event. The CTO of Coinbase, Balaji Srinivasan also spoke about the how Coinbase is keeping up with the technological development at the event.

Vitalik revealed that he admires how the Zcash community differentiates between Zcash Foundation and Zcash Co, stating that Zooko Wilcox-O’Hearn, the Founder of Zcash was a part of Zcash Co. He further stated that the members had a limited level of influence on the network.

Buterin went on to say:

“In the other one, interesting ideas that I think Zokoo came up with this idea that practical control over protocol development and control over trademark ownership should be maximally separate.”

He continued to say that it was an interesting idea that Ethereum and other public blockchains should consider adopting because there was no other good way of having a trademark which is not owned by anyone. Buterin stated that Zooko’s approach was “pragmatic” and can reduce “centralization”.

Furthermore, Coinbase’s CTO, Balaji Srinivasan spoke about tracking technological advancements outside of Coinbase. Srinivasan stated that the platform was looking at several aspects of privacy coins such as zk-SNARK and Bulletproof. In addition, Coinbase is updated about the technology behind stable coins, and token curated registries.

Srinivasan concluded by stating that Coinbase has decided to implement the strategy which is followed by the tech giant, Apple. According to him, Apple implements a technology which is in its initial stage and once the technology is completed, they make it mainstream.

Follow us on Telegram | Twitter | Facebook

Anvita Mysore Vadiraj is a full-time content writer at AMBCrypto. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies.



Subscribe to AMBCrypto's Newsletter