Zcash Zec Price USD

Zcash is a decentralised cryptocurrency that prioritises privacy and anonymity. It employs the zk-SNARK zero-knowledge proof technique, which enables network nodes to validate transactions without disclosing any sensitive transaction information.

Contrary to popular belief, most of the cryptocurrencies on the market, including Bitcoin (BTC), are not anonymous, but rather pseudonymous; while they do not openly disclose their users' names, each user has their own public address or addresses that may be linked back to them using data science and blockchain forensics tools.

Zcash transactions, on the contrary side, must still be routed through a public blockchain, but unlike pseudonymous cryptocurrencies, ZEC transactions do not display the sending and receiving addresses or the amount being transferred by default. However, there is an option to make this information public in order to comply with regulations or conduct audits.

Zcash was initially published on October 28, 2016, and was built on the codebase of Bitcoin.

Zcash was developed in 2016 by cypherpunk, computer security specialist, and entrepreneur Zooko Wilcox-O'Hearn. He also founded the for-profit Electronic Coin Company (ECC), which oversees Zcash development.

He also co-founded Least Authority Enterprises, a technology firm dedicated to advancing digital security and maintaining the basic right to privacy, and co-invented the BLAKE3 cryptographic hash algorithm.

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