Zcash
Zcash is a cryptocurrency that focuses on privacy and anonymity. It uses advanced cryptographic techniques like zero-knowledge proofs to enable private transactions on its blockchain, hiding the sender, recipient, and value of transactions.
cryptocurrency
privacy
anonymity
zeroknowledge-proofs
Zcash: Private Cryptocurrency
Zcash is a cryptocurrency that focuses on privacy and anonymity. It uses advanced cryptographic techniques like zero-knowledge proofs to enable private transactions on its blockchain, hiding the sender, recipient, and value of transactions.
What is Zcash?
Zcash is a decentralized, open-source cryptocurrency launched in 2016 that focuses on privacy and anonymity. Unlike transparent blockchains like Bitcoin where all transactions are publicly visible, Zcash transactions can be shielded to hide the sender, recipient, and value of transactions using advanced cryptographic techniques called zero-knowledge proofs.
Some key features of Zcash include:
- Optional privacy - Users have the choice to send public or private shielded transactions.
- Strong anonymity - The contents of shielded transactions are encrypted and not viewable on the public blockchain.
- Proven cryptography - Zcash uses zero-knowledge proof constructions called zk-SNARKs to enable privacy.
- Built on Bitcoin codebase - Zcash was forked from Bitcoin's code but tailored for enhanced privacy.
- Mining rewards - Like Bitcoin, Zcash has a fixed total supply and miners are rewarded for securing the network.
- Governance and upgrades - Zcash has gone through network upgrades to improve functionality and privacy.
The main goal of Zcash is to provide users the benefits of a permissionless cryptocurrency like Bitcoin combined with financial privacy for better fungibility. Overall, it presents an interesting privacy-focused alternative in the blockchain space.
Zcash Features
Features
- Private transactions
- Selective transparency
- Decentralized governance
- Proof-of-work mining
- Compatibility with Bitcoin
Pricing
- Open Source
Pros
Strong privacy and anonymity
Innovative cryptographic techniques
Active development community
Established credibility and adoption
Cons
Complex technology
Higher resource requirements
Lower liquidity than Bitcoin
Regulatory uncertainty
Official Links
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