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Zcash ZEC

$40.5

4.81 % (24h)

Marketcap

$643,463,829

Volume 24h

$77,231,789


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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.