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What is Zcash? Introduction to the issue price, total volume and white paper of Zcash

Zcash, a privacy-centric cryptocurrency launched in 2016 with an initial issue price of $2.50 per coin, has a capped maximum supply of 21 million coins and operates on the Zerocoin protocol.

Oct 01, 2024 at 06:42 pm

What is Zcash?

Zcash is a decentralized and open-source cryptocurrency that emphasizes privacy and fungibility. It is based on the Zerocoin protocol, which allows for the creation of anonymous transactions on a blockchain network.

Issue Price

Zcash's initial coin offering (ICO) was held in October 2016.
The issue price of Zcash was approximately $2.50 per coin.

Total Volume

As of February 2023, Zcash has a total circulating supply of approximately 14.5 million coins.
The maximum supply of Zcash is capped at 21 million coins.

White Paper

The Zcash white paper was published in September 2016.
It was authored by Zooko Wilcox, Matthew Green, and Ian Miers.
The white paper outlines the design and implementation of the Zerocoin protocol, as well as the privacy features of Zcash.

Additional Points:

Zcash uses a proof-of-work mining algorithm based on Equihash.
The block reward for mining Zcash is currently 3.125 ZEC.
Zcash has a strong development team and a growing community.
Zcash is listed on several major cryptocurrency exchanges.

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