$ZEC Zcash (ZEC) is a decentralized cryptocurrency launched in October 2016 by scientist and cypherpunk Zooko Wilcox-O'Hearn along with Electric Coin Company (ECC). Built on Bitcoin's original code base, Zcash was created to address a major limitation of standard blockchains: public transaction visibility.Core Features of Zcash
Zero-Knowledge Cryptography (zk-SNARKs): Zcash uses Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge. This cryptographic proof allows users to verify transaction validity without revealing the sender, receiver, or amount transferred.
Dual Address System: Users can choose between two types of addresses:
Transparent Addresses (t-addresses): Work similarly to Bitcoin, leaving sender, receiver, and transaction amounts publicly viewable on the blockchain.
Shielded Addresses (z-addresses): Encrypt transaction details to preserve financial privacy.
Optional Auditing: Shielded transactions offer selective transparency, enabling users to share view keys with regulators or tax authorities for audit compliance without exposing data publicly.
Tokenomics: Like Bitcoin, Zcash has a hard cap supply limit of 21 million coins and utilizes a halving mechanism for block reUse Cases & Market Dynamics
Zcash serves primarily as a digital currency for users who prioritize financial confidentiality, protected enterprise transfers, and cross-border remittances without public exposure. However, privacy coins face regulatory scrutiny worldwide, leading some exchange platforms to place stricter compliance checks on ZEC transactions or limit shielded trading pairs
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