Zcash $ZEC is a decentralized open-source cryptocurrency asset designed with a primary focus on privacy and financial freedom. Launched in 2016, this coin was developed from the Bitcoin codebase but added high-level encryption technology.
Main Functions
Transaction Options (Transparent vs. Shielded): $ZEC allows users to choose between two types of addresses. Transparent addresses (t-addresses) work like Bitcoin where the public can see transactions, while shielded addresses (z-addresses) hide the sender, recipient, and the transferred balance amount.
zk-SNARKs Technology: Using zero-knowledge proof innovation, the network can verify the validity of transactions without needing to reveal sensitive information within them.
Key Features
Supply Cap: Following the Bitcoin model, the maximum supply of ZEC is limited to 21 million coins.
Optional compliance: Users have a view key that can be shared voluntarily with authorities or auditors for legal compliance purposes without having to disclose privacy to the public.
$ZEC
Main Functions
Transaction Options (Transparent vs. Shielded): $ZEC allows users to choose between two types of addresses. Transparent addresses (t-addresses) work like Bitcoin where the public can see transactions, while shielded addresses (z-addresses) hide the sender, recipient, and the transferred balance amount.
zk-SNARKs Technology: Using zero-knowledge proof innovation, the network can verify the validity of transactions without needing to reveal sensitive information within them.
Key Features
Supply Cap: Following the Bitcoin model, the maximum supply of ZEC is limited to 21 million coins.
Optional compliance: Users have a view key that can be shared voluntarily with authorities or auditors for legal compliance purposes without having to disclose privacy to the public.
$ZEC
