What is Zcash

Zcash (ZEC) is a fungible cryptocurrency that offers its users a high level of anonymity and security. Scientists from MIT (Massachusetts Institute of Technology) and John Hopkins University created Zcash by expanding on the coding of Bitcoin. There are around twenty-one million Zcash coins in circulation at the moment. The sender and receiver's public keys, as well as the transaction value, are often shown publicly on most blockchains. Zcash provides shielded transactions, which allow users to conceal part of their personal information in order to safeguard their privacy. Zcash protects users' security and privacy by employing a zero-knowledge proof known as a "Zero-Knowledge Succinct Non-Interactive Argument of Knowledge" (zk-SNARK), which allows data, such as private keys, to stay encrypted while being validated.

I-Crypto Isikhathi