[Vitalik Buterin shares his thoughts on the privacy-focused ZCash project]
Ethereum founder Vitalik Buterin has proposed an innovative funding strategy for privacy-focused ZCash. He proposed that ZCash should be technologically conservative, persistent in privacy protection, and experimental in economic strategies. Buterin imagines a revolving funding model combined with off-chain governance, including possible annual issuances or an anonymous voting system for decision-making, all based on the principles of decentralized governance.
ZCash uses zk-SNARK technology to protect user privacy, but this technology requires high computing requirements and currently only supports computer wallets. The implementation of mobile wallets depends on the progress of the lightweight zk-SNARK protocol. In situations where a high degree of privacy is required, such as high-value transactions or transactions in politically unstable areas, users may choose transaction methods that enhance privacy protection.
To promote confidential transactions, ZCash needs to emphasize the benefits of privacy protection and create incentives to encourage its use. As a privacy pioneer, ZCash plays an important role in driving the shift toward more secure and private transactions. With visionary contributors like Buterin, ZCash has the potential to redefine the concept of economic privacy in the future.
