Zcash is a privacy-oriented cryptocurrency that operates on its own blockchain as a standalone Layer 1 network. It is widely recognized as the first protocol to implement zero-knowledge proofs for private peer-to-peer payments, allowing transactions to be validated without disclosing wallet balances, transferred amounts, or the identities of the participants. This approach addresses the transparency limitations found in most cryptocurrencies, where transaction details are recorded on a public ledger. The network supports both transparent public transactions and shielded private transactions through Unified Addresses, giving users flexibility over the level of confidentiality they require. Zcash currently relies on a Proof-of-Work consensus mechanism, with plans to transition toward Proof-of-Stake through a future upgrade. Its shielded pool leverages Halo, an advanced zero-knowledge proving system, to enable trustless verification of encrypted transfers. The protocol features a fixed supply cap of 21 million ZEC and a halving schedule modeled on Bitcoin's issuance design. Originating from a 2013 proposal by cryptographers known as Zerocoin, the project evolved into an independent blockchain maintained by a self-funded development ecosystem supported by community grants and coinholder-directed funding.
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Zcash is a privacy-focused cryptocurrency that uses trustless zero-knowledge proofs to enable fully encrypted transactions while maintaining blockchain transparency and security.
Zcash (ZEC) launched on 2016-10-28.
Zcash (ZEC) is categorised as: Privacy Coins, Layer 1 (L1), Near Protocol Ecosystem.
The official Zcash site is https://z.cash/.
Most recent Zcash coverage: "Zcash drops $5B after AI uncovers 4-year hidden-coin bug!" — read at /en-US/a/zcash-drops-5b-after-ai-uncovers-4-year-hidden-coin-bug.
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