• zcash

Cryptocurrency Category: CoinsCryptocurrency Tags: privacy and zkSNARKs

  • Profile

    Zcash is a privacy-protecting, digital currency built on strong science.

    Zcash is a digital currency, or cryptocurrency, like Bitcoin. (In fact, Zcash was built on the original Bitcoin code base.)

    It was conceived by scientists at MIT, Johns Hopkins and other respected academic and scientific institutions.

    You can use Zcash to buy goods and services, or you can exchange it for another kind of money, including US dollars, Euros or another fiat currency.

    A major difference between most cryptocurrencies and traditional money is that every transaction is tracked and managed on a decentralized, public blockchain, instead of by a centralized institution, like a bank. This means you truly own your money. Most cryptocurrencies expose your full transaction history and holdings to everyone.

     Zcash goes above and beyond other cryptocurrencies.

    With Zcash, you control what information you share. Shielded addresses and their associated balances are not visible on the blockchain. Payment disclosure and special “viewing keys” can be used to share transaction details with trusted third parties for compliance or audits.

     

    Key Features

    Efficient and usable

    Use Zcash as a fast and reliable, inexpensive means to send money or digitally purchase goods and services. It is supported by top exchanges and wallets.

    Audit- and regulation-friendly

    Private addresses and transactions can be disclosed by Zcash users for information sharing, third-party audits or to comply with regulatory requirements.

    Decentralized and attack-resistant

    Zcash is decentralized and maintained by a wide network of people and machines, instead of a centralized entity, like a bank or government. There is no central database to be hacked and no single point of failure. There is no authority that can shut it down or prevent its use.

    Private addresses & transactions

    Privacy is built into the core of Zcash, allowing people to send and receive Zcash without disclosing the sender, receiver or the amount transacted. Privacy allows good people to transact safely over digital mediums. Transparent addresses and transactions are also available.

    Why privacy is important

    Privacy is necessary for ensuring freedom on the internet. When your transactions are being watched — or when your transaction history is available to be known — a person isn’t free to make their own decisions. With other digital currencies, bad actors are able to match people to their balances and details about parties involved, amounts and trends.

    Learn more

    Where can I buy Zcash?

    Zcash is supported by top exchanges and wallets.

    Check out exchanges

    Go deeper

    Learn about different transaction types and the science behind Zcash.

    Learn more 

     

  • More Info
    Mining Algorithm: Equihash
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