Zcash is a privacy-focused cryptocurrency that utilizes zero-knowledge proofs, specifically zk-SNARKs, to enable optional privacy for transactions. This allows users to conduct transactions with shielded addresses, concealing the sender, receiver, and transaction amount on the blockchain, offering a higher level of privacy compared to more transparent cryptocurrencies like Bitcoin. ZEC, the native cryptocurrency, is used for these private and public transactions, as well as for mining and governance of the Zcash network.
What is Zcash (ZEC)?
Discover the key facts about Zcash (ZEC).
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