Zcash, launched in 2016, offers unique privacy with optional anonymity in cryptocurrency transactions. More
| Fully Diluted Valuation | $666.81M |
|---|---|
| 24H Trading Volume | $45.42M |
| 24H Low / High | $40.66 / $ 41.93 |
| Circulating Supply | 16.26M |
| Total Supply | 16.26M |
| Max Supply | 21.00M |
| Categories | Privacy 7 more |
|---|---|
| Founder | Zooko Wilcox-O'Hearn |
| Website | z.cash |
| Socials | 3 more |
| Chains | Near-protocol Ecosystem |
| Explorer | Nearblocks 6 more |
| Contracts |
zec.o.....near
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| Name | Pair | OG Score |
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Zcash, a notable player in the world of cryptocurrencies, stands out for its strong focus on privacy and anonymity. Launched in 2016, Zcash is a digital currency that evolved from the Zerocoin project, with its roots in a collaboration among scientists from Johns Hopkins, MIT, and Tel Aviv University. This cryptocurrency is a testament to the advancements in digital security and privacy, with Zooko Wilcox-O'Hearn, a cypherpunk and computer security expert, at its helm as the founder and CEO.
What sets Zcash apart is its unique approach to transaction privacy. Utilizing the zk-SNARK (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge) technology, Zcash offers two types of transactions: transparent and shielded. Transparent transactions, similar to those in Bitcoin, are visible on the blockchain, allowing public addresses and transaction amounts to be seen by anyone. However, shielded transactions leverage zk-SNARKs to ensure complete anonymity, concealing the sender, recipient, and amount transferred. This dual system places Zcash at the forefront of privacy-preserving cryptocurrencies, offering users the choice between transparency and complete privacy.
Zcash also addresses the common misconception that all cryptocurrencies offer anonymity. Unlike Bitcoin and other pseudonymous currencies, where transactions are traceable through blockchain forensics, Zcash provides an optional layer of privacy that is unparalleled. This feature is particularly significant in a world where digital privacy is increasingly sought after. Additionally, Zcash operates on a proof-of-work mechanism, similar to Bitcoin, and has a fixed total supply of 21 million units, maintaining a familiar structure for those acquainted with Bitcoin's framework.
Zcash stands out for its privacy and anonymity in transactions, using zk-SNARK technology to offer optional transaction transparency.
Zcash was founded by Zooko Wilcox-O'Hearn, with notable contributions from Matthew D. Green and a team from Johns Hopkins University.
Early investors of Zcash include Roger Ver and Vitalik Buterin as an advisor, with funding also from the Electric Coin Company and the Zcash Foundation.
Zcash uses a proof-of-work (PoW) consensus mechanism, similar to Bitcoin.
You can buy Zcash (ZEC) on Binance, MEXC, CoinbaseKrakenHTX cryptocurrency exchanges.
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