The live price of Zcash is - per (ZEC / USD) with a current market cap of $658.11M USD. 24-hour trading volume is - USD. ZEC to USD price is updated in real-time. Zcash is -% in the last 24 hours with a circulating supply of 15.89M.
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| Today | - | 0% |
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Zcash is the first blockchain system to use zero-knowledge proof mechanisms, providing full payment privacy while still using a public blockchain to maintain a decentralized network. Similar to Bitcoin, the total supply of Zcash tokens (ZEC) is also 21 million. However, unlike Bitcoin, Zcash transactions automatically hide the sender, recipient, and amount of all transactions on the blockchain. Only those with a viewing key can access the details of a transaction. Users have full control and can choose to share the viewing key with others.
Zcash is a fork of Bitcoin, retaining Bitcoin’s original model and is based on version 0.11.2 of the Bitcoin code. Zcash wallets have two types of funds: transparent funds and shielded funds. Transparent funds are similar to Bitcoin funds; shielded funds enhance privacy, making transactions involving shielded funds confidential and untraceable. Transactions between transparent funds remain publicly visible and traceable.
Compared to Bitcoin, Zcash’s biggest feature is its anonymity. Transactions can automatically hide both parties and transaction amounts on the blockchain, and only those with a viewing key can access the detailed information. Users can choose who is granted access to this information.
Why is Zcash considered to offer true anonymity and privacy protection? Simply put, Zcash uses two key technologies:
zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge): Even if the source and destination of funds are completely hidden, zero-knowledge proofs can still verify that the spender owns the funds being used.
Public Blockchain: Zcash uses a public blockchain to display transactions, but it automatically hides the transaction amounts. ZEC holders can use a viewing key to access associated information.
ZEC will undergo its first halving at block height 850000, reducing rewards by 50%. After halving, the block reward will be 6.25 ZEC. The estimated halving date is October 2020.
The Zcash to other currencies exchange rate?
