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Lecture 6.5 - Zerocoin and ZerocashThus, the origin of the payment is anonymous. Step 2: compressing the list of coin commitments. same zero-knowledge property that provides anonymity). This paper formulate and construct decentralized anonymous payment schemes (DAP schemes) and builds Zero cash, a practical instantiation of the DAP scheme. We formulate and construct decentralized anonymous payment schemes (DAP schemes). A. DAP scheme lets users pay each other directly and privately.