Unknown Crypto Zcoin Intends to Eradicate Setup by 2017 – Bitcoints


Published on April 21st, 2017 | by bitcoin


Unknown Crypto Zcoin Intends to Eradicate Setup by 2017

Anonymous cryptocurrency Zcoin has given an indication that it will discharge the trusted setup by the end of 2017.

Reuben Yap, the community and communication manager of Zcoin, explains that once Zcoin implements the Sigma protocol, they would have a very compelling solution.

Zerocoin and other zero information cryptocurrencies like Zcash, Monero and Dash require a trusted setup.

What the Sigma protocol does is it eliminates the use of the trusted setup and replaces the RSA accumulators with elliptic curve groups.

Trusted setup

A trusted setup involves the need to trust someone to create some primary frameworks and then erase those frameworks.

Source: Cointelegraph.com

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