Inside the Zcash Audit: Why the Anonymous Blockchain Project Spent $250k on a Trial By Fire

A venture-backed cryptocurrency with the promise to provide truly anonymous transactions is scheduled to launch in beta today, a move that will mark the latest in a detailed and expensive process to help ensure as many bugs as possible are removed before its blockchain supports real transactions.
Created from a fork of the bitcoin blockchain, Zcash is designed to cloak the addresses of both the counterparties participating in a transaction as well as the amount transacted.
If successful, the privacy-oriented, public blockchain could eventually form the foundation of an ecosystem of distributed applications built by both consumers and big banks looking for a more private means to transact.

This post was published at Coin Desk on September 9, 2016.