Zcash zec

Zcash is a privacy-preserving cryptocurrency providing anonymous value transfer using zero-knowledge cryptography. The protocol provides the option for transactions to be private, in which case they will be completely anonymous. And also 'transparent', in which case they will be visible on the Zcash blockchain. Contrary to the common misunderstanding, the majority of cryptocurrencies on the market, including Bitcoin (BTC), are not anonymous, but rather pseudonymous; At the same time, they do not explicitly reveal the identities of their users; each user has their public address, which can be traced back to them via the methods of data science and blockchain forensics. Zcash was first released on October 28, 2016, originally based on Bitcoin’s codebase

Zcash was founded by cypherpunk in 2016, computer security expert, & entrepreneur Zooko Wilcox-O'Hearn. He is also the founder of for-profit Electronic Coin Company (ECC), which manages the development of Zcash. Wilcox-O'Hearn, who has spent more than 25 years in cryptography and information security and has contributed to several projects, including the now-defunct electronic money firm DigiCash, peer-to-peer data storing software Mojo Nation and the Tahoe Least-Authority File Store filesystem

The main reasons to invest in Zcash include: Zcash’s main advantage included its optional anonymity, which allows higher level of privacy compared to cryptocurrencies like Ethereum or Bitcoin . ZEC transactions can be sent in 2 ways: transparent and shielded: Transparent transactions work in about the same way as in Bitcoin, while Shielded transactions leverage the technology of zero-knowledge succinct non-interactive arguments of knowledge, or zk-SNARKs, to enable completely anonymous transactions. It allows Zcash to offer its users the right to privacy while still enjoying advantages of a decentralized, permissionless digital currency