Zcash (ZEC) is a privacy-focused digital cryptocurrency built on Bitcoin’s codebase, relying primarily on anonymity and security.
* Core feature: It uses an encryption technology called zk-SNARKs (zero-knowledge proofs), which allows a transaction and its validity to be verified without revealing the sender’s identity, the recipient’s identity, or the amount.
* Flexibility of use: It supports two types of addresses:
* Transparent: visible to everyone like Bitcoin (starts with the letter t).
* Shielded (Protected): fully hidden to maintain privacy (starts with the letter z).
* Economic data: The maximum supply is 21 million coins (like Bitcoin), and it operates on a Proof of Work (PoW) system with a halving event every 4 years.
* Key challenges: It faces pressure from regulators and financial laws aimed at limiting privacy coins, which sometimes leads to them being removed from certain centralized exchange platforms.
$ZEC
#zec
* Core feature: It uses an encryption technology called zk-SNARKs (zero-knowledge proofs), which allows a transaction and its validity to be verified without revealing the sender’s identity, the recipient’s identity, or the amount.
* Flexibility of use: It supports two types of addresses:
* Transparent: visible to everyone like Bitcoin (starts with the letter t).
* Shielded (Protected): fully hidden to maintain privacy (starts with the letter z).
* Economic data: The maximum supply is 21 million coins (like Bitcoin), and it operates on a Proof of Work (PoW) system with a halving event every 4 years.
* Key challenges: It faces pressure from regulators and financial laws aimed at limiting privacy coins, which sometimes leads to them being removed from certain centralized exchange platforms.
$ZEC
#zec