The zcash for developers (ZEC) announced the introduction of technology from STARK Industries StarkWare, which is designed to increase privacy and scalability of this focused on the anonymity of cryptocurrencies. It is reported AMBCrypto.
The founders of the company StarkWare Industries are the former developers of zcash for Eli Ben-Sasson and Alessandro Chiesa. They will join zcash for Company as consultants and partners, and will contribute to the deployment of technology STARK to increase the level of privacy and scalability cryptocurrency ZEC (zcash for).
The proof system Zero-knowledge (ZK) is already used in bitcoin zcash for in the Protocol zk-SNARK, but StarkWare plans to present an alternative way of ensuring anonymity.
As noted in the blog StarkWare, the company has completed the seed round of financing during which it raised $6 million investment from Pantera Capital, MetaStable, Floodgate, Polychain and Bitmain. Also among the investors was the Creator of Ethereum, Vitalik Buterin, founder of AngelList Nawal Ravikanth and co-founder of Coinbase Fred Arcam.
Announcing StarkWare Industries: https://t.co/1AV8yWdYj7. Bringing ZK-STARKs to a future near you.
Thanks to our backers @PanteraCapital, , @naval, @MetaStable, @floodgatefund, @polychaincap, @VitalikButerin, @eladgil, @FEhrsam, @ljxie, and others!
— StarkWare Industries (@StarkWareLtd) 9 travnia 2018 R.
We will remind, recently it became known that in zcash for Foundation develop a way to counter ASIC mining.