Bid to Connect Ethereum and Zcash Blockchains Reaches New Milestone

Work on integrating Zcash's privacy-focused tech with ethereum’s distributed applications platform has reached a notable new stage.

AccessTimeIconJan 20, 2017 at 12:00 p.m. UTC
Updated Aug 18, 2021 at 5:36 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Work on integrating Zcash's privacy-focused tech with ethereum’s distributed applications platform has reached a new milestone.

According to a blog post by Ethereum Foundation team lead Christian Reitwiessner and Zcash Company engineer Ariel Gabizon, new code has been tested as part of effort to create a means to verify zk-SNARK proofs written in Solidity, ethereum’s smart contract language.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • Zk-SNARKS are zero-knowledge proofs that provide a means to shield certain types of data (like who is sending what amount of digital currency), and form a central component of Zcash.

    As Reitwiessner and Gabizon wrote:

    "We tested the new code by successfully verifying a real privacy-preserving Zcash transaction on a testnet of the ethereum blockchain. The verification took only 42 milliseconds, which shows that such precompiled contracts can be added, and the gas costs for using them can be made to be quite affordable."

    The idea of using Zcash’s elements to obscure the nature of ethereum transactions has been explored in the past, forming part of what the two organizations call Project Alchemy.

    According to Reitwiessner and Gabizon, the effort seeks "to enable a direct decentralized exchange" between the two blockchain-based networks.

    However, there’s still work to be done. "Truly achieving the mentioned functionalities – creating anonymous tokens and verifying Zcash transactions on the ethereum blockchain, will require implementing other elements used by Zcash in Solidity,” the pair wrote.

    Disclaimer: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Zcash Company.

    Image via Shutterstock

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.