Zcash (ZEC)

A general overview of Zcash, its idea and future.

Zcash is a digital currency created in 2016. It differs from its predecessors in regards to transaction anonymity. The currency’s development, led by Zooko Wilcox, begun in 2014, but the project was only revealed to audience in 2016. From the very beginning, Zcash’s production equipment has attracted miners. And as soon as mining became available, miners switched to producing this coin.

To achieve full anonymity, the team used the zk-SNARK protocol, which allows users make both anonymous and open transactions. For this purpose, when a wallet is created, two keys are given: public and hidden.

Still, it is remarkable that the mechanism of this network is able to erase data of the transactions made immediately after its completion.

The ability for cryptocurrencies to provide anonymity is necessary for the crypto community, which makes Zcash quite popular.

WebSite: z.cash



57.70 USD 0.42%
0.01435000 BTC 1.14%
Volume, 24h
119,558,853 USD
357,088,479 USD

Related news

Singapore’s Blockchain Accelerator Tribe Partners With BMW Group Asia, Intel and Nielsen

Tribe- a blockchain accelerator backed by the Government of Singapore is now in partnership with BMW Group Asia, Intel, and Nielsen. According to Tribe Accelerator, the aim of the partnership with the three conglomerates is to share more knowledge and variable skills in the different field-set on Tribe to create an “inclusive” ecosystem for industry […]
Bitcoin Exchange Guide

The Fatal Blockchain Blow for VectorDash? Google Stadia and a Shaky Business Model

VectorDash, one of the new blockchain based startups, has been working to carve out its own place within the industry by serving as one of the new products that emphasize the use of cloud-based gaming, as well as offering its own Gaming as a Service product (GaaS). While it's working to make a name for […]
Bitcoin Exchange Guide

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.