Home » Crypto » What is ZCash Coin (ZEC) and how does it work?

What is ZCash Coin (ZEC) and how does it work?

by Financial Economy

Zcash (ZEC) is a privacy-oriented crypto currency that aims to be compatible with all economic sectors. Focusing on privacy and anonymity, ZEC coin uses zk-SNARK zero-knowledge proof technology that allows nodes in the network to verify transactions without revealing sensitive information about those transactions. Detailed information about what ZCash coin (ZEC) is and how does it work is in the continuation of the article. For information about Decred coin (DCR), you can check here.

What is ZCash Coin (ZEC) and how does it work?

Zcash (ZEC), a crypto currency like Monero with its privacy-oriented goal, can be defined as a digital currency that aims to serve in the global economy. Zcash is an open source and decentralized crypto currency just like Bitcoin. Besides the anonymous feature of Bitcoin, ZCash has a very high-level algorithm in terms of privacy.

One of the general principles of Zcash is that it has a goal that emphasizes the importance of company privacy as well as personal privacy. Users using Zcash’s privacy-focused code have the opportunity to control their own private data. With this privacy feature of Zcash, a great bond of trust can be established in various fields.

ZEC was launched in October 2016. A great deal of research and development was done before ZEC stepped onto the market. Even hackers and expert scientists took part in the project in order to keep the confidentiality at the top level. Famous people and groups such as Roger Ver, David Dacus, Alan Fairless and Digital Currency Group are involved in the ZEC coin project.

How to buy Zcash Coin (ZEC)?

Questions such as which exchanges are ZCash Coin (ZEC) available on, where to buy ZEC coin, are a lot of curiosity on the part of the investors. Zcash (ZEC) can be purchased from trusted crypto currency exchanges.

For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency

Related Posts

Leave a Comment