- Zcash is a decentralized and opensource cryptocurrency that offers #privacy and selective transparency of transactions. - Zcash payments are published on a public blockchain, but the sender, recipient, and amount of a transaction remain private.Zcash is based on peerreviewed cryptographic research, and built by a securityspecialized engineering team on an open source platform based on Bitcoin Cores battletested codebase. - Our improvement over Bitcoin is the addition of privacy. - Zcash uses advanced cryptographic techniques, namely zeroknowledge proofs, to guarantee the validity of transactions without revealing additional information about them.How Zcash worksZcash encrypts the contents of shielded transactions. - Since the payment information is encrypted, the protocol uses a novel cryptographic method to verify their validity.Zcash uses a zeroknowledge proof construction called a zkSNARK, developed by our team of experienced cryptographers based on recent breakthroughs in cryptography. - These constructions allow the network to maintain a secure ledger of balances without disclosing the parties or amounts involved. - Instead of publicly demonstrating spendauthority and transaction values, the transaction metadata is encrypted and zkSNARKs are used to prove that nobody is cheating or stealing.Zcash also enables users to send public payments which work similarly to Bitcoin. - With the support for both shielded and transparent addresses, users can choose to send Zcash privately or publicly. - Zcash payments sent from a shielded address to a transparent address reveal the received balance, while payments from a transparent address to a shielded address protect the receiving value. - Check out CoinBureau for guide on What is ZCash..
Summary of the coin Zcash
market value (Market Capital) Ranked 215
Current Price: 22.74 $USD (-5.60%) highest price statistics: 3,191.93 $USD total number of coins(Supply): 21,000,000.00 coin circulated (Circulated): 14,940,150.17 coin
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