Work on integrating Zcash's privacy-focused tech with ethereum’s distributed applications platform has reached a new milestone.
According to a blog post by Ethereum Foundation team lead Christian Reitwiessner and Zcash Company engineer Ariel Gabizon, new code has been tested as part of effort to create a means to verify zk-SNARK proofs written in Solidity, ethereum’s smart contract language.
Zk-SNARKS are zero-knowledge proofs that provide a means to shield certain types of data (like who is sending what amount of digital currency), and form a central component of Zcash.
As Reitwiessner and Gabizon wrote:
According to Reitwiessner and Gabizon, the effort seeks "to enable a direct decentralized exchange" between the two blockchain-based networks.
However, there’s still work to be done. "Truly achieving the mentioned functionalities – creating anonymous tokens and verifying Zcash transactions on the ethereum blockchain, will require implementing other elements used by Zcash in Solidity,” the pair wrote.
Disclaimer: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Zcash Company.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.