Home Finance Edward Snowden Picks Zcash as the Most Safe Cryptocurrency

Edward Snowden Picks Zcash as the Most Safe Cryptocurrency

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As you may know, Edward Snowed is the famous NSA whistleblower and this makes his opinion on privacy quite important. Considering how cryptocurrencies use decentralized ledgers, Edward Snowed decided to give his opinion on this matter and let the entire world know which cryptocurrency he thinks is actually safe.

Edward Snowden Picks Zcash

Instead of going with highly popular cryptocurrencies such as Bitcoin, Ethereum or Litecoin which are known for being decentralized, Edward Snowden decided to pick Zcash. Moreover, the famous NSA whistleblower recently attended the Blockcstack conference which was held in Germany where he made this following statement:

“Zcash for me is the most interesting right now, because the privacy properties of it are truly unique, but we see more and more projects that are trying to emulate this and I think this is a positive thing.”

zk-SNARKS Technology

One of the main reasons why Zcash is considered to be the best pick for people who enjoy their privacy is because it uses complex zk-SNARKS technology. This technology is popularly known as “zero-knowledge cryptography” and its main use is to guarantee privacy of transactions.

We should mention that the founders of zk-SNARKS technology are claiming that its virtually impossible to decipher the sender and recipient who are making transaction through the Zcash platform.

Current Value

Zcash is currently priced at $226.87 after dropping 4.99% of its total value in the last 24 hours. Moreover, the total market capitalization for this cryptocurrency sits at $808,328,539 which puts it on 25th spot in the cryptocurrency market according to Coinmarketcap.

Edward Snowed Shares Thought On Cash

During his recent appearance at the Blockstack conference Edward Snowden regarded cash as the “first concrete database” because it can be easily tracked. The whistle blower also added that he doesn’t think Bitcoin is the best cryptocurrency because it uses a public blockchain.