Cryptocurrencies

Text

What is Zcash? Learn what Zcash is in one minute

Zcash's shielded transactions utilize zk-SNARKs to conceal transaction amounts and recipient addresses, providing enhanced privacy compared to many other cryptocurrencies.

Sep 30, 2024 at 12:00 pm

What is Zcash?

Definition:

Zcash is a decentralized cryptocurrency that prioritizes privacy and anonymity.

Technology:

Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (zk-SNARK): Allows users to prove statements (e.g., balance) without revealing the underlying information.
Shielded Transactions: Senders and receivers can optionally encrypt transaction details using zk-SNARKs, hiding amounts and addresses.

Key Features:

Enhanced Privacy: Shielded transactions provide a higher level of privacy than Bitcoin or Ethereum transactions.
Selective Disclosure: Users can choose which transactions to shield, allowing for both privacy and transparency.
High Security: zk-SNARKs are computationally secure, ensuring the correctness of private transactions.

Applications:

Confidential Payments: Conducting financial transactions without revealing the identities or amounts involved.
Improved Supply Chain Management: Tracking goods and materials while protecting sensitive information.
Enhanced Voting Systems: Enabling secure and anonymous voting processes.

Note:

Zcash was launched in 2016 by the Zerocoin Electric Coin Company (ZECC).
The ZEC token is used for payments and mining on the Zcash network.
Zcash is currently ranked 28th by market capitalization among cryptocurrencies.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

SOLO

$0.6147

118.78%

Trade Now
COREUM

$0.2183

56.82%

Trade Now
SCRT

$0.5205

49.27%

Trade Now
TEL

$0.0036

32.67%

Trade Now
TAI

$0.1883

30.79%

Trade Now
GAME

$0.0062

29.93%

Trade Now

Latest Crypto News

IntelMarkets Unlocks a New Era of Crypto Trading by Combining Blockchain and AI Technologies
2024-11-22 20:20:01
Gary Wang Won't Go to Jail After Giving the Feds Tools to Catch Crypto Crooks
2024-11-22 20:30:02
Why Is the Optimism (OP) Price Pumping? Elite Analyst Shares “Buy Zones’
2024-11-22 20:30:02
5 Cheap Altcoins Set to Explode over 5000% in 5 Months: Rexas Finance (RXS), Bonk, Dogecoin (DOGE), PEPE, Shiba Inu (SHIB)
2024-11-22 20:30:02
Chinese Court: Crypto Can Be Owned, But Trading Is Banned
2024-11-22 21:10:02
FC Pro Open 25: Who is competing in Match Week 1?
2024-11-22 20:20:01

Related knowledge

What is ZEC coin? What can ZEC coins do? How to store ZEC coins?

Nov 06,2024 at 10:56pm

What is ZEC Coin?ZEC coin, also known as Zcash, is a privacy-focused cryptocurrency launched in October 2016.It utilizes advanced cryptography techniques to provide users with enhanced levels of transaction anonymity and fungibility.What Can ZEC Coins Do?Private Transactions: Zcash offers two types of transaction options: transparent and shielded. Shiel...

How to buy and trade ZEC coins? Where to buy ZEC coins?

Oct 31,2024 at 10:15pm

Step-by-Step Guide to Buying and Trading ZEC Coins1. Understanding ZEC CoinsZEC coins, also known as Zcash, are a privacy-centric cryptocurrency designed to provide users with enhanced transaction anonymity compared to Bitcoin. Unlike Bitcoin, where transactions are publicly recorded on the blockchain, ZEC uses advanced cryptography to obscure the sende...

ZEC coin issuance price and total issuance volume in one article

Nov 05,2024 at 01:34pm

ZEC Coin Issuance Price and Total Issuance Volume1. Issuance PriceZcash (ZEC) was launched in 2016 with an initial issuance price of $5.50 per coin.2. Total Issuance VolumeZEC has a capped total issuance of 21 million coins.Issuance Schedule:Blocks 1-2.1 million: 50 ZEC per blockBlocks 2.1 million-4.2 million: 37 ZEC per blockBlocks 4.2 million-6.3 mill...

What is the issuance and circulation of ZEC coins?

Nov 04,2024 at 03:33am

What is the issuance and circulation of ZEC coins?IssuanceZEC coins are issued through a process called mining.Miners verify and add new transactions to the Zcash blockchain and are rewarded with ZEC coins.The maximum supply of ZEC coins is capped at 21 million, similar to Bitcoin.Circulating supplyAs of February 2023, the circulating supply of ZEC coin...

On which platform can ZEC coins be purchased? Recommended trading platforms for buying ZEC coins

Nov 10,2024 at 07:04pm

On Which Platform Can ZEC Coins Be Purchased? Recommended Trading Platforms for Buying ZEC Coins1. BinanceBinance is the world's largest cryptocurrency exchange by trading volume. It offers a wide range of cryptocurrencies, including ZEC. Binance has a good reputation for security and reliability.2. CoinbaseCoinbase is a popular cryptocurrency exchange ...

How to buy ZEC coins? How many ways are there to buy ZEC coins?

Nov 09,2024 at 03:19am

How to Buy Zcash (ZEC) CoinsZcash (ZEC) is a privacy-focused cryptocurrency that allows users to make anonymous transactions. While not as well-known as Bitcoin or Ethereum, ZEC offers several advantages, including enhanced privacy and security.As a prospective ZEC investor, understanding the various methods available for purchasing this digital currenc...