Edward Snowden reveals that he was one of six who helped launch Zcash 2022-04-27 20:05:18


Cybersecurity poster boy and government whistleblower Edward Snowden has revealed he played a pivotal role in creating the Zcash privacy token (ZEC).

a video From Zcash Media featured an interview with Snowden in which he explained his participation as one of the six individuals who had a piece of the private Zcash multisig key to launch the project on October 23, 2016. In the video, Snowden stated:

“My name is Edward Snowden. I attended the original Zcash party under the pseudonym John Dobbertin.”

Edward Snowden is the whistleblower who exposed US government surveillance tactics and went into hiding in 2013.

Zcash is a decentralized blockchain that uses zero-knowledge proofs in its transactions. ZEC Transactions cannot be tracked and the amounts transferred cannot be determined, unlike Bitcoin which is relatively transparent (BTC).

Zcash ceremony He saw Snowden and five other people collect every bit of a private Zcash key to start the project. None of the participants knew who the others were nor what part of the key they held to protect their anonymity, which is one of the principles of the project.

A major part of each person must be destroyed in order to prevent counterfeiting of coins or transactions in the future.

In an interview with Zcash Media, Snowden shared his enthusiasm for the project and his enthusiasm for privacy. He said “The problem with [Bitcoin] Can’t you have truly free trade unless you have your own trade.”

“I am really happy to see the Zcash project […] It brings us closer and closer to this ideal of a free currency that is also a special currency.”

Another party participant, Bitcoin developer Peter Todd, mentioned the “legendary” lengths of the Zcash party participants. went to In order to avoid being hacked.

Todd said he bought a new computer, installed all the software needed for the party, and then put the computer in a Faraday cage to prevent any unwanted intrusions. A Faraday cage is a box lined with aluminum foil, which reflects wifi signals.

Related: Loss of Privacy: Why We Should Fight for a Decentralized Future

He then drove to a remote area where he took a torch to his device in order to destroy his part of the special Zcash key.

News of Snowden’s contribution has not had much effect on the price as the ZEC is currently up 1.7% in the past 24 hours, trading at $148 according to Cointelegraph data.