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​​​​Edward Snowden helped create Zcash As it turned out, Edwa | NFT | BITCOIN

​​​​Edward Snowden helped create Zcash

As it turned out, Edward Snowden played a very important role in the creation of the ZCash cryptocurrency (ZEC). The informant, who was granted asylum in Russia and has been living there since 2013 after the US accused him of espionage, was one of six members of the group that set up the Zcash setup.

His involvement was revealed in a video by Zcash Media, an organization that produces educational materials about the anonymous coin.

"I saw several trusted cryptographers working on it, and I thought it was a very interesting project," Snowden said in the video.

He also said that he used the pseudonym "John Dobbertin" to hide his identity.

In a recent message to one of the creators of Zcash, Zuko Wilcox, Snowden agreed to make his participation public. He pointed out that he had never been paid and had no stake in this project. Snowden is scheduled to speak at Consensus 2022 in June and may provide additional details.

Recall that Zcash has two types of transactions: regular and secure. Ordinary ones are visible in the public block chain, just as ordinary BTC transactions are visible in the Bitcoin chain. Protected transactions fall into "privacy pools", which can be imagined as black holes where they all merge together. Pools ensure that observers will not be able to find out where the coins came from and where they are going.

To configure the privacy settings of the original Sprout pool created in 2016 and the Sapling pool created two years later, a secret cryptographic key had to be generated for each of them. The key is essentially a very, very long number. The process of generating this number is called "reliable tuning", and the problem is that anyone who knows this secret key will be able to forge as many coins as they want.

Therefore, a group of programmers developed a multi-sided calculation known as "Ceremony". Thanks to this process, the secret key is not generated and stored by one person. Instead, it is shared among many people, each of whom contributes or is part of this very large number. Thus, no one person will have a copy of the entire number.

Snowden was one of the developers of the "Ceremony" procedure, which he said in an interview with Zcash Media. How much his recognition will have a positive impact on the cryptocurrency exchange rate will be clear in the near future.