Radiolab

The Ceremony

Feb 25, 2021
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ANECDOTE

The Phone-Under-Pillow Invitation

  • Morgan Peck describes being asked to power down and hide her phone before hearing about the Zcash ceremony.
  • She flew across the country to join strangers in a hotel to help create a new cryptocurrency key.
INSIGHT

Public Ledger Reveals Hidden Identities

  • Bitcoin's ledger is public and pseudonymous but can be deanonymized by linking addresses to real identities.
  • That transparency can expose entire transaction histories and relationships once an address is tied to a person.
INSIGHT

Privacy Depends On A Fragile Secret

  • Zcash uses zero-knowledge proofs to prove statements without revealing underlying data.
  • That math depends on a one-time enormous secret number whose compromise would allow undetectable counterfeiting.
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