|
Zcash ZEC |
|
|
£32.13 |
0.53 % (24h) |
|
|
Marketcap |
||
|
£520,466,421 |
||
|
Volume 24h |
||
|
£21,886,315 |
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.