WuBlockchain
Qiao Wang, co-founder of Alliance, described Zcash as “Bitcoin that can change” on the Good Game Podcast. He said Zcash can adapt to threats such as quantum computing and respond to users’ privacy needs, while Bitcoin’s ossified protocol offers stronger guarantees around fixed supply and immutability.
Wang framed Zcash as a different Bitcoin rather than a better one. He said his Bitcoin holdings remain much larger and that he primarily views Zcash as a hedge against risks facing Bitcoin.
Zcash launched in 2016 and uses zero-knowledge proofs for shielded transactions alongside transparent transfers. Its model has also drawn criticism over usage, governance, development funding, early reward allocation and security history.
Frequently asked questions
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Why does Qiao Wang compare Zcash with Bitcoin?
Wang sees Zcash as a version of Bitcoin that can change its protocol to address privacy needs and emerging threats such as quantum computing.
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What trade-off does Wang identify between Zcash and Bitcoin?
Bitcoin’s ossified protocol offers stronger guarantees around fixed supply and immutability, while Zcash has more room to adapt.
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Does Wang describe Zcash as better than Bitcoin?
No. He describes Zcash as a different Bitcoin rather than necessarily a better one.
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How does Wang use Zcash in his portfolio?
Wang said his Bitcoin holdings are much larger and that he primarily views Zcash as a hedge against risks facing Bitcoin.
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What technology does Zcash use for transaction privacy?
Zcash uses zero-knowledge proofs to support shielded transactions, while also allowing transparent transactions.
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