zcash Zcash (ZEC)

$242.42
1.54% (24H)
Watch
Market CapVolumeAvailable Supply
$2.65 B$2.07 B10.99 M ZEC

Zcash current price is $242.42 with a marketcap of $2.65 B. Its price is 1.54% up in last 24 hours.

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.
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10 Zcash (ZEC)
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2,424.20USD

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"Privacy is at the core of what we’re all building for our collective future. It’s the most significant threat to those who wish to control others, and the most significant hope for a fair and open economy" @jswihart

@BarrySilbert
#Zcash ᙇ🛡️

https://www.coindesk.com/privacy-coins-more-popular-investing-theme-says-dcg-silbert

Unified addresses in #Zcash provide both privacy and convenience. This feature creates a single address that is compatible across all Zcash value pools and helps enable shielding by default in supporting wallets.
https://electriccoin.co/blog/unified-addresses-in-zcash-explained/

We received a 5.8433 ZEC/$1337 donation /w memo "Donating unused funds from GitCoin grant to open-source Zcash wallet development (Nighthawk)"
Since the tx was z2z we don't know who sent it, but with each donation we receive, we incentivize new developers to help reach our goals.

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