Zcash Price

About the coin

Zcash is a decentralized and open-source cryptocurrency that emphasizes privacy and selective transparency in transactions. Unlike traditional cryptocurrencies, Zcash transactions are published on a public blockchain, but the sender, recipient, and transaction amount remain private. This privacy feature is achieved through advanced cryptographic techniques, making Zcash a unique and secure option for users who value confidentiality.

Main features

Zcash is built on a robust open-source platform based on Bitcoin Core's codebase, with significant improvements in privacy. The cryptocurrency employs zero-knowledge proofs, specifically zk-SNARKs, to validate transactions without revealing any additional information. This allows Zcash to maintain a secure ledger of balances while keeping transaction details confidential. Users have the flexibility to send payments either privately or publicly, with the option to use shielded or transparent addresses.

How it works

Zcash encrypts the contents of shielded transactions, ensuring that payment information remains confidential. The protocol uses zk-SNARKs to verify the validity of transactions without disclosing the parties involved or the transaction amounts. This cryptographic method allows the network to prevent cheating or theft while maintaining privacy. Users can choose between shielded and transparent addresses, with different levels of privacy depending on the type of address used. Zcash's innovative approach to privacy and security makes it a compelling choice for users seeking a confidential cryptocurrency experience.