RATE Group | Developers Vie to Implement ZCash Functionality as a Bitcoin Sidechain
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Developers Vie to Implement ZCash Functionality as a Bitcoin Sidechain

02 May Developers Vie to Implement ZCash Functionality as a Bitcoin Sidechain

Posted at 06:28h in Bitcoin News by

Developers are competing to bring ZCash privacy functionality to a Bitcoin sidechain. To do this, they’re using the Drivechain technology created by decentralized prediction market pioneer, Paul Sztorc. As an added incentive, Sztorc has announced a prize fund of up to 6.1 Bitcoin (BTC). This bounty will reduce slightly if not claimed by midnight EST on May 1.

Drivechain adds altcoin functionality to BTC 

Drivechain is an implementation which allows for the creation of Bitcoin sidechains with a true two-way peg. This would allow Bitcoin holders to move their coins to any sidechain they choose. Doing this could allow users to benefit from characteristics and features not found on the main Bitcoin blockchain.

This could be a sidechain with large blocks and low fees, with smart contracts, or even with the enhanced privacy features of an altcoin, like ZCash (ZEC). Zcash functionality provides an ideal complement to the transparency and auditability of Bitcoin.

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