Interview
summary
Explains how Zcash uses ZK-SNARKs to hide transaction details while nodes verify commitments and nullifiers so coins aren’t double spent, and how shielded addresses create commitments that produce nullifiers at spend time. Describes a six‑party trusted setup ceremony with air‑gapped compute nodes, DVDs, a public audit released two weeks ago and Peter Todd destroying his laptop, and a four‑year founders reward distribution phase that allocates a portion of block rewards before switching to miner‑only issuance.
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chapters (7)
- 0:00Start
- 1:29Privacy and Fungibility
- 4:46Things Would People Use Z Cash for
- 7:10Founders Reward
- 7:33Goal of the Founders Reward
- 9:35Z Cash Foundation
- 14:13Multi-Party Computation Ceremony
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