Future Money: What is Zcash?

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In this video, we explore the technology of money, the invention of Bitcoin, Bitcoin's privacy problem, and how Zcash provides a solution.

First, we delve into the history of money and the problems with fiat currency and traditional banking systems. Then, we discuss how Bitcoin was intended to provide a decentralized alternative. However, Bitcoin provides an incomplete solution because, despite its reputation for being anonymous, Bitcoin's transactions are actually public and can be viewed by anyone on the blockchain network. This lack of privacy is a major flaw in Bitcoin's design, which has been acknowledged by its creator, Satoshi Nakamoto.

We next look at how innovations in a previously unused area of cryptography, called zero-knowledge proofs (ZKPs), were implemented for the first time in the cryptocurrency Zcash. In Zcash, ZKPs are used to prove the validity of a transaction without revealing any private information. Zcash's use of ZKP makes it a more secure and private alternative to Bitcoin, while still maintaining its decentralized nature.

Overall, this video provides an in-depth look at the privacy issue in Bitcoin and how Zcash's use of ZKP is the solution. It is perfect for anyone interested in learning about the technical side of cryptocurrency, blockchain and the future of money.

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00:00 Future Money
00:18 One Of Our Oldest Technologies
00:59 History of Money
01:34 Risks Of Bank and Government Control Over Money
02:22 Absolute Power Corrupts Absolutely
03:14 Banks Are Middle Men In Nearly All Transactions
04:13 What is Bitcoin and Where Did It Come From?
05:03 Who Is Satoshi Nakamoto?
05:25 How Does A Blockchain Work?
05:57 Decentralized and Hacker Resistant Money
07:04 Bitcoin’s Big Flaw
07:41 Bitcoin Is Anything But Anonymous: Edward Snowden
08:12 Satoshi Nakamoto Suggests Zero Knowledge Proofs
09:00 What Is A Zero Knowledge Proof?
10:22 Making Zero Knowledge Proofs Fast "Zero Cash"
11:20 The Origin of Zcash (ZEC): Zooko Wilcox
12:41 Why is a Private Currency Important?
13:22 Zcash Gives You Privacy Like Cash Does
13:45 “Never Give Up Cash” The Handmaid’s Tale
14:12 Privacy Problems In China
14:56 Vitalik Buterin: Techno Optimism is Important
15:28 Edward Snowden: Exchange From Anywhere at Anytime
15:41 Economies Built On Privacy Coins
16:01 Crypto Seems Crazy, But Look At History

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Narrated and Directed by: Natasha Mynhier
Written by: David Boyer
Edited by: Eli James
Cinematography by: Jeffrey Hammerton
Supervising Sound Editor/Rerecording Mixer: Shaughnessy Hare, Zack Howard
Animation: Very True Story & Eli James
Colorist: Arianna Shining Star
Engagement: Jess Carroll, Sue Heimsath, & Kevan Shah

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Creator Note: This video (including segments of it) is free to use by anyone for non-commercial purposes as long as: i) original source of the video is cited, ii) derivative works do not take segments out of context to change the meaning of the original video, and (iii) the music in the video is not extracted and used on a stand-alone basis or in an unrelated video.

#zcash #crypto #blockchain #zec #bitcoin #zcashmedia #zkp #zeroknowledgeproof #cryptocurrency #cryptography #zookowilcox #privacycoin #privacy #freesnowden #privacymatters #privacyrights #privacyplease #internetprivacy #web3 #vitalik #vitalikbuterin #snowden #edwardsnowden #satoshinakamoto #satoshi

[ZcashMedia]

00:00 Future Money: What Is Zcash?
00:18 One Of Our Oldest Technologies
00:59 History of Money
01:34 Risks Of Bank and Government Control Over Money
02:22 Absolute Power Corrupts Absolutely
03:14 Banks Are Middle Men In Nearly All Transactions
04:13 What is Bitcoin and Where Did It Come From?
05:03 Who Is Satoshi Nakamoto?
05:25 How Does A Blockchain Work?
05:57 Decentralized and Hacker Resistant Money
07:04 Bitcoin’s Big Flaw
07:41 Bitcoin Is Anything But Anonymous: Edward Snowden
08:12 Satoshi Nakamoto Suggests Zero Knowledge Proofs
09:00 What Is A Zero Knowledge Proof?
10:22 Making Zero Knowledge Proofs Fast "Zero Cash"
11:20 The Origin of Zcash (ZEC): Zooko Wilcox
12:41 Why is a Private Currency Important?
13:22 Zcash Gives You Privacy Like Cash Does
13:45 “Never Give Up Cash” The Handmaid’s Tale
14:12 Privacy Problems In China
14:56 Vitalik Buterin: Techno Optimism is Important
15:28 Edward Snowden: Exchange From Anywhere at Anytime
15:41 Economies Built On Privacy Coins
16:01 Crypto Seems Crazy, But Look At History

[nikosmynhier]

This is honestly the most educational video I have seen about crypto currency.

[javieralonsovergaramesinas]

Time to invest now... I am buying in $29.64, lets see where the price is in 2025!

[testriot]

The invisible cat killed me :-)
Very well done! Congrats to the whole team behind the video.

[davidboyer]

Truly a passion project for everyone involved. I hope people enjoy and share this first step in explaining Zcash and related topics to a mainstream audience :)

[zookoatecc]

Whoo! This was super well made and tells a simple and important story! I enjoyed Alex Tabarrok’s speaking style. I loved the invisible cat.

[natashamynhier]

Genuinely inspired by those working on Zcash and those in the Zcash community. We hope these videos capture some of their passion, help explain the tech, and synthesize some of the implications of the work being done. This is just the beginning! :) Check back next week for more!

[ColtonKirkegaard]

This is such and incredibly well put together video! Very easy to follow and visually stunning, especially all of the 2d motion graphic animation. I work an an animator in the vfx industry and I know this was no easy feat to complete. Congratulations and we’ll done to everyone involved 👏🏻

[TheMichaelGrace]

This is blowing my mind! I really wish I would have understood this 12 years ago. Thanks for the great explainer video.

[farukmohamed]

Why is this coin so underrated should be top 5 imo

[thebrucewagner]

This video is so excellent. 👏🏼 🔥 👍🏼 👌🏼

[Душа-уи]

Great video! This is more than just advertising. You have shown in simple terms what bitcoin is.

[EliWanket]

Let's take this video to the moon. Also, happy Earth Day.

[제라툴-yj]

많은 사람들의 관심이 없을때 투자하는것은 매우 중요한 일이다 슥삭슥삭 ~한국에서 제라툴이...

[JerryBlunt]

Very interesting discussion. IMHO privacy pools are a compromise on privacy and compliance that is not acceptable.