|
Zcash ZEC |
|
€42.43 |
-2.1% (24h) |
|
Marketcap |
||
€692,727,884 |
||
Volume 24h |
||
€130,135,315 |
Description
Zcash (ZEC) is a privacy-focused cryptocurrency launched in 2016. It offers users the option of "shielded" transactions, which allow for fully anonymous transactions by hiding the sender, receiver, and transaction amount. Zcash uses a cryptographic technique called zk-SNARKs (zero-knowledge succinct non-interactive arguments of knowledge) to enable this level of privacy. ZEC can also be used like Bitcoin for transparent transactions, giving users flexibility based on their privacy needs.