Search Coins

XRP Price Analysis: XRP Eyes $0.70 As Bulls Push Off Major Support

coingape.com25 minutes ago
0

ADA Price Analysis: Cardano (ADA) Sets Out To Crack Falling Wedge Pattern

coingape.com30 minutes ago
0

Three US States Going After BlockFi In Regulatory Crackdown

www.newsbtc.com41 minutes ago
0

Strategist Mike McGlone Believes Bitcoin Can Jump to $60K Resistance vs. $20K Support

news.bitcoin.coman hour ago
0

Bank Of America Supposedly Gives Approval For Bitcoin Futures Trading

bitcoinist.com4 hours ago
0

Bitcoin price hints at ‘megaphone’ bottom pattern, and a breakout toward $40K

cryptopost.com4 hours ago
0

SpaceX owns BTC, daily Dogecoin volume soared to nearly $1B in Q2, Grayscale eyeing DeFi and ETF: Hodler’s Digest, July 18-24

cryptopost.com4 hours ago
0

Tether To Conduct An Audit To Negate Claims Concerning Transparency

Users Criticize Uniswap’s Decision to Remove Over 100 Tokens From Main Interface

news.bitcoin.com4 hours ago
0

How close really is the battle between Ethereum and Binance Smart Chain

ambcrypto.com5 hours ago
0

3 reasons why Bitcoin price has not been able to rally back above $40K

cointelegraph.com5 hours ago
0

This classic trading pattern signaled that Bitcoin price had hit a top

cointelegraph.com6 hours ago
0

This might just be a win-win situation for Ethereum

ambcrypto.com7 hours ago
0

Group of Salvadorans Take to the Streets to Protest El Salvador’s New Bitcoin Law

news.bitcoin.com7 hours ago
0

Over 100 Creators Under the Name ‘NFT 256’ Present Their Artwork ‘NFT256 WORLDS’ for Auction on NFT STARS

dailyhodl.com8 hours ago
0

Bitcoin: Why we are still in a bull market

ambcrypto.com8 hours ago
0

Bitcoin Bulls Must Hold Key Price Level This Weekend or Bullish Momentum Will Be Lost, According to Top Crypto Analyst

dailyhodl.com8 hours ago
0

Indian Startup Accepts Crypto Payments Despite Regulatory Uncertainty

btcmanager.com8 hours ago
0

Here’s how investors can take advantage of Litecoin’s price

ambcrypto.com9 hours ago
0

Upgrade Inc. to Offer BTC Rewards Card to General Public

www.livebitcoinnews.com9 hours ago
0

SpaceX owns BTC, daily Dogecoin volume soared to nearly $1B in Q2, Grayscale eyeing DeFi and ETF: Hodler’s Digest, July 18–24

Ethereum Classic activates ‘Magneto’ hard fork, but should you be wary

ambcrypto.com10 hours ago
0

Here Are the Five Ethereum Tokens With Strongest Address Activity Right Now, According to Blockchain Analytics Firm Santiment

dailyhodl.com10 hours ago
0

Bitmain to Host Miners in 180-Megawatt Data Center in Kazakhstan

news.bitcoin.com10 hours ago
0

XRP, Cardano, Zcash Price Analysis: 24 July

ambcrypto.com10 hours ago
0

Z-Cash and Bolt Join Hands for Stronger Privacy

Apr 18, 2019 7:00 PM +00:00
0

Z-cash is working to ensure the public can garner access to anonymous cryptocurrency.


Protecting Yourself in a Digital Age

We have entered an age where everyone is afraid. The online and digital payments world presents several daily threats, including malware, cyberattacks and hackings. People are concerned about both their finances and their identities, and fearfully hope that neither is ever stolen out from under them.


This is no way to live, which is why many have taken extreme measures to protect themselves. Whenever you pay by credit card, for example, the transaction is recorded digitally and thus keeps track of what you’ve purchased, where you’ve been, and what you’re up to. This is information that many people feel should be kept private. Thus, they’ve turned to anonymous crypto to get the job done.


Crypto – anonymous or not – has encountered issues regarding how well it can be used as a payment method. Many companies and retail outlets have not yet accepted the idea of digital cash thanks to its volatile nature and refuse to accept crypto as a means of payment for goods and services.


Bolt is a company looking to fix all this. A division of the anonymous cryptocurrency Z-cash, Bolt has garnered significant investors over the years, including the Electric Coin Company and Dekrypt Capital.


CEO of Z-cash Zooko Wilcox explains that Bolt is making it so that people sending payments or initiating transactions may do so with significantly smaller amounts, thereby limited the amount of money at risk. It also “uses cryptography to conceal from unauthorized parties, the information about which users are sending micropayments to other users.”


He comments:


What matters to you is that you’re safe… I believe in [Bolt’s] mission.


Ayo Akinyele – CEO of Bolt – explains that among the other investors involved in the company’s projects are Kilowatt Capital, Access Ventures and X Spring from Ripple Labs. He states:


With respect to X Spring, they are building not only XRP, but they also have their own payment channel’s implementation and the Inter-Ledger Protocol, which is a way to connect blockchains, and so they are basically looking to use private payment channels as a means of streaming payments across several different currencies.


What’s Stronger than Lightning?

He further adds that users can expect Bolt to launch aboard the Z-cash blockchain, and that it will be “very similar” with bitcoin’s Lightning Network only with a much stronger “privacy focus:”


We’re building a Bolt node, which is equivalent to a Lightning node that people download and install that allows creating channels and executing payments off-chain… If you were to take the Lightning protocol, as is, on top of bitcoin, and implemented it on top of Z-cash, you would be losing privacy in the sense that the protocol doesn’t, by design, enable strong privacy guarantees as users make payments.


The post Z-Cash and Bolt Join Hands for Stronger Privacy appeared first on Live Bitcoin News.

Share This Article


Get the most out of CoinFi News!

Save coins into your Watchlist and be the first to know about the latest market moving news.