The U.S. Internal Revenue Service (IRS) has put out a call for information about potential tools it can use to track different types of cryptocurrency transactions as part of an investigative pilot program. The post IRS seeks info on tracing privacy coins, Lightning network transactions for pilot program appeared first on The Block.
Watch educational videos about ZEC.
Zcash is a cryptocurrency that offers two types of addresses: transparent addresses that are publicly visible on the Zcash blockchain and shielded addresses that are more private. Coinbase customers can receive Zcash from both transparent and shielded addresses and send Zcash to transparent addresses. Sending to shielded addresses is not supported at this time.
Elliptic, the blockchain analysis company, has added privacy coins zcash and horizen to its monitoring platform.
Zero-knowledge proofs and similar cryptographic approaches to blockchain network privacy are “in their infancy,” and aren’t ready to be widely deployed in CBDC systems. The post Bank of Canada researchers say zero-knowledge proofs are still too immature for CBDC use appeared first on The Block.
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