How to buy Zcash (ZEC)
What is Zcash (ZEC)
Zcash is a privacy-protecting cryptocurrency that offers users the option to use private transactions efficiently with low fees. It was a hard fork of the Bitcoin protocol created in 2016, with a total supply of 21 million coins.
The Zcash private transactions are called shielded transactions. It uses the zk-SNARK zero-knowledge proof technology to preserve transaction privacy on the network. The sender, recipient, and transaction amount are fully encrypted, but users can also share address and transaction information selectively for auditing or regulatory compliance purposes if needed.
On the other hand, transparent ZEC transactions are similar to Bitcoin, where the transaction information is visible on the Zcash blockchain.