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.