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«ZCash is only as secure as you trust 9 people and their ceremony» No. You only need to trust 1 of 9 persons. The cryptographic algorithm works so that if 1 ho
by mrb 9y ago
«ZCash is only as secure as you trust 9 people and their ceremony»
No. You only need to trust 1 of 9 persons. The cryptographic algorithm works so that if 1 honest and 8 malicious persons participate, then the output can be 100% trusted. I do think it would have been interesting to allow hundreds of random participants to take part in the ceremony. But I'm not sure what the technical hurdles would have been (eg. what if one person abandons the process in the middle, does the whole ceremony has to be restarted?)
- uncletaco 9y agoI believe there's a hardfork planned to add more features (like light client support) that will need another ceremony and the Zcash team is planning on there being hundreds of participants.
- AgentME 9y agoOooh being one of the participants would be fun. Perfect excuse to go full paranoid for a while.