the counterfeit money in the log: The developer team of Zcash has resolved a significant safety deficiency. This made it possible for potential attackers, Zcash to “spoof” or fake tokens to the crypto-currency. The Zcash Team responded, apparently in a timely manner.
By Phillip Horch
6. February 2019BTC$3.406,85 -1.47%part Facebook Twitter LinkedIn xing mail
Zcash is a so-called Privacy Coin, so designed to ensure that the users complete anonymity in Online payments. A security vulnerability in the Protocol would have Zcash now, however, almost a Inflation control. Because this would have allowed the forging of the crypto-currency. But the team of developers has prevented worse.
the security gap would have reported allows Inflation
As the Team to your Blog, discovered it, the vulnerability for the first time in March 2018. This was in the Code that is under some of the Zero Knowledge Proofs. But in October 2018, the Team brought out an Update that closed the security gap. As you can see from the blog entry, I discovered the vulnerability before the developers themselves, no one, for what worse could be prevented.
Through an Amendment to the Protocol, the attacker could have been an artificial Inflation. Thus, a distribution of additional Zcash would have been Token. As the Zcash Team is telling, however, is needed to ensure a “high degree of skill” that only a few hackers would have. Nevertheless, the Team hesitated, apparently, a few months after the Update, until you went to the Public. However, the Team is optimistic:
Zcash uses the most sophisticated and most innovative cryptography, which is on a public Blockchain available. The cryptographer Shift of borders, is by nature risky, and the safety of the user is for the Zcash Company of the highest importance. We believe that the steps we have taken to mitigate the Problem, while we work to ensure the safety of the Zcash-users were successful. For more information about the specific events that have occurred since the first discovery of the vulnerability of fakes by this disclosure, are dealt with in a later post.
In Addition, the developer team of the Zcash-Community wants to support other projects, such as Komodo or Horizon, using the affected Protocol.
Read also: Beam: New Privacy Coin on Mimblewimble-Protocol
Blockchain and Fintech Jobs : looking for a new challenge? In our job Board your current job ads from the Blockchain and Fintech companies.
