It’s tragic that only ten years after the advent of Bitcoin we’re already making a genuine distinction between so-called private and non-private cryptocurrencies. Public-key cryptography is what made cryptocurrency possible and the founders of this revolutionary technology had only one thing in mind when they created it and that is, you guessed it – privacy.
The birth of the cryptocurrency represents a historical moment that cannot be portrayed as just a dot on the graph of technological progress. No. Bitcoin is a political statement. A statement for privacy and financial sovereignty. It didn’t just come out of the clear blue sky, and it wasn’t just Satoshi’s eureka moment; the idea of cryptocurrency has deep philosophical and ideological roots sprawling back to the Cypherpunk movement of the early 90s.
Continue reading RingCT vs zk-SNARK: The Ultimate Guide to Monero and Zcash Privacy Mechanisms