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Zcash ZEC |
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£24.51 |
-0.42% (24h) |
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Marketcap |
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£389,326,712 |
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Volume 24h |
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£44,659,580 |
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.