What is ZCash?

What is ZCash?

ZCash is a cryptocurrency focusing on the anonymity of transactions through zero-knowledge proofs. It achieves a higher level of anonymity than bitcoin by employing advanced cryptography in its transactions. Equally, Zcash also offers the possibility to transact using two different ways: transparent or shielded.

When using the transparent way, the information is visible publicly on the blockchain - just like Bitcoin.

When transacting with the shielded option, all the information regarding the transaction (including the amount and

sender/receiver addresses) is obfuscated from the public. Zero- knowledge proofs, or Zk-SNARKs, is the protocol enabling this feature.

What is the Cryptocurrency ?

Similarly to Bitcoin, Zcash is used to transact money from point A to point B. However, with Zcash it is possible to achieve this in a more obfuscated way.