$275 Million ZCash’s Fix of Deadly ‘Infinite Counterfeit’ Vulnerability Earns Praise from Edward Snowden

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According to a disclosure made Tuesday by the development team behind ZCash, the most highly capitalized privacy-focused cryptocurrency (with a market cap in excess of $270M at the time of publication), has secretly fixed a critical security flaw in ZCash’s design, which was discovered by ZCash cryptographer, Ariel Gabizon, about a year ago. Last March while preparing a presentation for a cryptography finance conference the following day, Gabizon discovered a crucial flaw in the cryptographic functions underlying zk-SNARKS, an implementation of zero-knowledge proofs used by ZCash and other privacy coins to give users the option of greater privacy though true

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$275 Million ZCash’s Fix of Deadly ‘Infinite Counterfeit’ Vulnerability Earns Praise from Edward Snowden written by Wes Messamore @ https://www.ccn.com/275-million-zcashs-fix-of-deadly-infinite-counterfeit-vulnerability-earns-praise-from-edward-snowden February 7, 2019 Wes Messamore

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