The launch promises users anonymity cryptocurrency zcash for deferred to a later date in order to give more time to independent auditors on an in-depth analysis of the code.
This was reported by the project Manager Zuko Wilcox.
Initially, the 1.0 release zcash for was scheduled for September 5, but now the launch postponed to 26 September. It is not excluded that will be revised and this date.
"Looking at what you very close to what you're doing with your own hands, you always remember that you planned to do. And often security gaps in parts conceived, and what happens in reality," Wilcox is quoted by CoinDesk.
According to him, after the collapse of The DAO, the need to pay more attention to security issues becomes even more obvious. It is noteworthy that owned by the Wilcox company of Least Authority at the time, conducted a security audit of the code Ethereum.
"I regret that we didn't do a good enough job to such problems as the situation with The DAO, there is as little as possible," said Wilcox this week in his speech at the conference Blockchain + Digital Currencies, organized by the publication American Banker.
For this reason, he believes, it is essential that the developers of cryptocurrency worked with third parties. Despite the fact that a team of 16 people Wilcox and calls the specialists of the world level, it was decided to hire two independent firms. Their names will be published simultaneously with the publication of the conclusions. The same scheme was used and the LeastAuthority the audit code Ethereum.
The object of special attention of the auditors will be studying the parts of the code zcash for that is responsible for the anonymity of the sender and the recipient of the funds, and also for concealment of the transaction amount.
In total the project attracted zcash for $1 million venture capital investment from companies such as Pantera Capital, Digital Currency Group and Fenbushi Capital. Among the individual investors of the project are called CEO and co-founder of AngelList Nawal Ravikant and well-known entrepreneur Roger Ver.
On the launch of the alpha version of zcash for was announced in January of this year. Among others, the draft welcomed former CIA officer Edward Snowden in his words, zcash for may be the answer to the risks which are open and available to any interested person of record in the blockchain of bitcoin.