E. Snowden: Zcash is most interesting BTC alternative

An American computer professional, Edward Snowden, claims that Zcash is the most interesting Bitcoin alternative
30 September 2017   690

Edward Snowden, an American computer professional and former CIA employee, who copied and leaked classified information from the NSA in 2013, now expresses his view on the top cryptocurrencies via Twitter. The man reponds to a user, who claims that "Zcash is the only altcoin (that I know of) designed and built by professional and academic cryptographers. Hard to ignore":

Snowden also comments on another popular cryptocurrency, Monero, arguing that it is a "great project, but the problem with amateur crypto is mistakes happen and have huge consequences for people like me". This is believed to be the reference to the fact that about 60% of Monero transactions can be linked, meaning that transactions are not as anonymous as users would have initially hoped.

The statements redulted in the flood of Twitter responses. Thus, Monero developer Richard Spagni strongly defends his project's technology, while the creator of litecoin, Charlie Lee, claims that he owns "Monero but not Zcash”.

Monero and Zcash on coinmarketcap.com

Zcash and Monero are both geared towards providing privacy for their users, but use different tools to achieve the same end result. Thus, while Zcash is based on a cryptographic operation called zk-snarks, Monero works by obfuscating information with ring signatures and stealth addresses.

Wyoming Passed Bill Exempting Utility Tokens from Securities Laws

The Wyoming House of Representatives has unanimously approved a bill exempting utility tokens from securities laws  
20 February 2018   71

On Monday, House Bill (HB) 70 passed the House 60 to 0 and will now head to the Senate. The bill exempts utility tokens from securities laws. This will attracts ICO’s launches to the state and will make the state a favorable environment for blockchain startups.

According to the bill, the utility token must meet three conditions:

  1. The token’s issuer must not market it as an investment;

  2. The token must be exchangeable for goods and services, for example, startups must have a working product or service at the time the tokens are issued;

  3. The token’s issuer must not actively make efforts to create a secondary market for the token by entering into a repurchase agreement or agreeing to locate buyers for the token.

It is important to note that there are four more cryptocurrency and blockchain-related bills currently moving through the Wyoming legislature.

HB 19 passed the House of Representatives on Monday and is now awaiting introduction in the Senate. The bill exempts cryptocurrency from the state’s money transmitter act.

HB 101 has passed its second reading in the House and, if it passes its final hearing, will then go to the Senate. This bill will allow companies to create and use blockchains for the purpose of storing records and conducting inter-office communication.

HB 126 has just passed its second reading in the House. It will allow the creation of series LLCs.

Senate File (SF) 111 passed a vote to introduce on Friday and is now headed to a committee hearing. This bill will exempt cryptocurrency assets from state property taxes.