Zcash

Zcash Chart

What is Z cash?

ZCash is a cryptocurrency with a decentralized blockchain that seeks to provide anonymity for its users and their transactions. As a digital currency, ZCash is similar to Bitcoin. Like Bitcoin, ZCash also has an including its open-source code, but their major differences lie in the level of privacy and fungibility that each provides.

KEY TAKEAWAYS

  • ZCash is a cryptocurrency with a decentralized blockchain that seeks to provide anonymity for its users and their transactions.
  • ZCash increases user privacy by using zero-knowledge proofs (zk-SNARKs) to validate transactions without revealing information that could compromise a user’s privacy.
  • ZCash is built on the Bitcoin framework, and, in many respects, is identical to Bitcoin.