Okay, #Zcash $ZEC has been pumping hard lately. Time to break down the protocol on a technical level.
Hey, this is a cryptographer's view—not financial advice. DYOR.
TL;DR: Zcash is SIMPLE, CLEAN, and ELEGANT. The pump got me looking—glad it did. Check it out for yourself. WE ARE BUILDING SHIT ON ZCASH - LAUNCHING SOON.
Quick basics (stuff you should know):
1. Zcash is basically Bitcoin's privacy-enhanced sibling.
2. zk-SNARK-powered privacy, optimized to the max. Imagine Bitcoin with built-in, protocol-level Tornado Cash. @TornadoCash
Things not everyone knows:
1. Zcash blocks are surprisingly empty compared to what you'd expect.
2. Flat fees—no wild fee market drama.
3. The transparent part is like pre-SegWit Bitcoin: straightforward and no nonsense.
4. The ZKP side has seen multiple upgrades. The latest is super fast and cleanly implemented. 100MB fixtures, seconds/minutes level efficiency.
While we've been building on it, some pain points:
1. RPC nodes are a pain—expensive as hell and way too restricted.
2. Script rules can be unclear, especially if you're new to UTXO systems (like we were—lots of trial and error).
But here's why I'm seriously bullish on Zcash:
1. Zashi Wallet @zashi_app is a standout—feels intuitive and smart (uncommon for UTXO-based wallets!).
2. The protocol is super predictable. Once you're past the learning curve, it's all clear and simple. Dev experience is top-tier, on par with Solana.
3. Fees are ridiculously low—hard to believe for a PoW chain.
4. It captures that classic cryptopunk essence. Got a bit emotional after really getting into it. (Yeah... I'm generally bearish on Ethereum.)
Bottom line: If you even remotely consider yourself a crypto person, you gotta check out Zcash. I have no clue what's behind the pump, but I'm sure it's not scam—it's solid work finally getting noticed by smart folks in the space.
@RRReol I’m glad I made it to Osaka to your live. Even though I understand only half of your talks, I’m still deeply moved. Thanks for 10 years of music since I was in high school. サイサキ最高。
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The more I understand transformer, the more creepier it seems to be. At higher dimension, are all of our emotions or free wills purely deterministic mathematical computations? Also, the attention pattern looks awfully similar to how our brain works. Damn.
Recently I see some #DataDAO projects are encouraging users to contribute their personal social data by rewarding them tokens. After talking with some AI experts from Amazon/Meta, I concluded that the value of these data DAOs are quite limited, here is why:
So the banks have pivoted to private, permissioned DLTs, but their biggest client, @BlackRock, is tokenizing assets on Ethereum. I think we know how this story will end.
@cryptodavidw Possibly a very stupid take: would it be cool to have a dedicated machine at home just for my local inference need, my local ZKP needs? Not necessarily DePIN tho. Just a cool blackbox with GPUs in the closet.
Protocols should be permissionless
But if you run a frontend with the ability to easily block these disgusting racist tokens, you should 🫡
I have no interest in serving or profiting off this trash
We are building a brand new nostr rust relay that compatible with ethereum account model(including AA!) natively, soon you will be able to use ethereum address to send/receive messages with nostr! stay tuned for our spec and implementation 🫡 #nostr#Ethererum#AccountAbstraction