Zcash is a decentralized and open-source cryptocurrency that offers privacy and selective transparency of transactions. Zcash payments are published on a public blockchain, but the sender, recipient, and amount of a transaction remain private.
Zcash is based on peer-reviewed cryptographic research, and built by a security-specialized engineering team on an open source platform based on Bitcoin Core's battle-tested codebase. Our improvement over Bitcoin is the addition of privacy. Zcash uses advanced cryptographic techniques, namely zero-knowledge proofs, to guarantee the validity of transactions without revealing additional information about them.
How Zcash works
Zcash encrypts the contents of shielded transactions. Since the payment information is encrypted, the protocol uses a novel cryptographic method to verify their validity.
Zcash uses a zero-knowledge proof construction called a zk-SNARK, developed by our team of experienced cryptographers based on recent breakthroughs in cryptography. These constructions allow the network to maintain a secure ledger of balances without disclosing the parties or amounts involved. Instead of publicly demonstrating spend-authority and transaction values, the transaction metadata is encrypted and zk-SNARKs are used to prove that nobody is cheating or stealing.
Zcash also enables users to send public payments which work similarly to Bitcoin. With the support for both shielded and transparent addresses, users can choose to send Zcash privately or publicly. Zcash payments sent from a shielded address to a transparent address reveal the received balance, while payments from a transparent address to a shielded address protect the receiving value.
Check out CoinBureau for guide on What is ZCash.
Where is Zcash available for purchase?
You can exchange ZEC tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Zcash is YoBit, notably the ZEC/BTC pair, which saw a trading volume of $ 58,88 MLN. in the past day. Additionally, Rhea Finance and Binance are popular alternatives for trading tokens.
What is the highest value Zcash (ZEC) has ever reached?
Zcash (ZEC) reached its peak price at 3,191.93 $ on 29 October 2016, approximately 9 years ago ago. Presently, the current price is -97.88% lower than this all-time high.
What is the historical minimum price for Zcash (ZEC)?
The minimum price reached for Zcash (ZEC) was 16.08 $, documented on 05 July 2024, more than a year ago. In comparison, the current price is 319.77%, it above this historical low.
What is the fully diluted valuation of Zcash (ZEC)?
The fully diluted valuation (FDV) of Zcash (ZEC) stands at $ 898,96 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 21,000,000 ZEC tokens. The realization of this FDV might take several years depending on the emission schedule of ZEC tokens.