What is Zcash (ZEC)?
Zcash (ZEC) is a privacy-protecting, decentralized cryptocurrency with enhanced cryptography. Allows for transparent (public) or shielded (anonymous) transactions.
The Zcash coin (ZEC) powers the Zcash network, and is used for transactions & mining rewards. ZEC transactions are recorded on the Zcash blockchain.
Transparent Transactions are similar to Bitcoin, Zcash allows for transparent transactions, which reveals the users public address. This can be traced using blockchain forensics.
Zcash is also a privacy coin that allows for shielded transactions, where all transaction data (wallet addresses) is fully encrypted, providing enhanced financial privacy to users.
Zcash’s zero-knowledge proof cryptography (zk-SNARKs) allows for anonymous transactions to be sent over a public blockchain. Addresses and amounts are not revealed.
Sapling is a Zcash network upgrade that provides enhanced performance for shielded transactions. The upgrades will help increase the adoption of Zcash shielded addresses.
WEBSITE: https://z.cash/
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