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Zooko Wilcox

๐Ÿ‘ค Speaker
122 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
812: Crypto: $3m Raised, He's Build the SSL for Cryptocurrency

Because you can figure out which, you know,

SaaS Interviews with CEOs, Startups, Founders
812: Crypto: $3m Raised, He's Build the SSL for Cryptocurrency

which person had connections to those other Bitcoin addresses or uses those times and so on.

SaaS Interviews with CEOs, Startups, Founders
812: Crypto: $3m Raised, He's Build the SSL for Cryptocurrency

Yeah.

SaaS Interviews with CEOs, Startups, Founders
812: Crypto: $3m Raised, He's Build the SSL for Cryptocurrency

The first thing we did back in October last year was launch an open public blockchain, which is just as global and open as Bitcoin.

SaaS Interviews with CEOs, Startups, Founders
812: Crypto: $3m Raised, He's Build the SSL for Cryptocurrency

It's a fork of the software.

SaaS Interviews with CEOs, Startups, Founders
812: Crypto: $3m Raised, He's Build the SSL for Cryptocurrency

We copied the Bitcoin software and added our cryptographic improvements.

SaaS Interviews with CEOs, Startups, Founders
812: Crypto: $3m Raised, He's Build the SSL for Cryptocurrency

But it's not a fork of the Bitcoin blockchain.

SaaS Interviews with CEOs, Startups, Founders
812: Crypto: $3m Raised, He's Build the SSL for Cryptocurrency

It's a separate independent blockchain, Zcash blockchain.

SaaS Interviews with CEOs, Startups, Founders
812: Crypto: $3m Raised, He's Build the SSL for Cryptocurrency

And the Zcash blockchain began life with its first block last October of 2016.

SaaS Interviews with CEOs, Startups, Founders
812: Crypto: $3m Raised, He's Build the SSL for Cryptocurrency

And that has been a huge success and is growing rapidly around the world.

SaaS Interviews with CEOs, Startups, Founders
812: Crypto: $3m Raised, He's Build the SSL for Cryptocurrency

One way to quantify it is that the coins, because there's a limited number of Zcash coins, just like there's a limited number of Bitcoins.

SaaS Interviews with CEOs, Startups, Founders
812: Crypto: $3m Raised, He's Build the SSL for Cryptocurrency

Those Zcash coins are trading for about $200 apiece on about 15 or 20 different markets in different countries around the world.

SaaS Interviews with CEOs, Startups, Founders
812: Crypto: $3m Raised, He's Build the SSL for Cryptocurrency

And every day there's about $20 million worth of coins transacted, which puts it in the top tier of...

SaaS Interviews with CEOs, Startups, Founders
812: Crypto: $3m Raised, He's Build the SSL for Cryptocurrency

of this kind of open currency being transacted.

SaaS Interviews with CEOs, Startups, Founders
812: Crypto: $3m Raised, He's Build the SSL for Cryptocurrency

Yes, that's correct.

SaaS Interviews with CEOs, Startups, Founders
812: Crypto: $3m Raised, He's Build the SSL for Cryptocurrency

And there's also a sort of scope of how many โ€“ I think an important part of my strategy with the open Zcash currency is to spread it widely to more and more countries and more and more different kinds of markets and different kinds of users.

SaaS Interviews with CEOs, Startups, Founders
812: Crypto: $3m Raised, He's Build the SSL for Cryptocurrency

And so I'm really happy that there are a lot of people in China, for example, who buy and sell Zcash tokens.

SaaS Interviews with CEOs, Startups, Founders
812: Crypto: $3m Raised, He's Build the SSL for Cryptocurrency

But not only there.

SaaS Interviews with CEOs, Startups, Founders
812: Crypto: $3m Raised, He's Build the SSL for Cryptocurrency

There are a lot of โ€“ How many?

SaaS Interviews with CEOs, Startups, Founders
812: Crypto: $3m Raised, He's Build the SSL for Cryptocurrency

Oh.