Privacy Scales Better: Understanding Zcash, Zero Knowledge Proofs (zKP) & Electric Coin Company

The US Federal Reserve released its long-awaited Central Bank’s Digital Currency Report (CBDC) Privacy is one of the Fed’�s main concerns. While blockchains such as Bitcoin or Zcash are censorship resistant and free from central intermediation, they are nonetheless public. Even sophisticated hackers using technology such as mixers will always leave an electronic money trail. While no third party is in control of data, as is the case with a traditional bank, all transactions are public from the get-go.