What is Zcash (ZEC)?

Website: https://z.cash/

Maximum Supply: 21,000,000 ZEC

Total Supply: 11,659,275 ZEC

Circulating Supply: 11,659,275 ZEC

Explorer: Zcash Explorer 

Whitepaper: Zcash Whitepaper 

What is Zcash (ZEC)?

Zcash is a decentralized cryptocurrency focused on privacy and anonymity. Zcash uses zk-SNARK zero-knowledge proof technology. Thanks to Zcash's privacy-focused code, users have the opportunity to control their private data. Zcash aims to serve in the global economy. Zcash was first released on October 28, 2016 and is an open source cryptocurrency like Bitcoin.

ZEC transactions are carried out in two ways: transparent and protected. Transparent transactions work the same as Bitcoin, on which the codebase Zcash was originally based: they are sent between public addresses and recorded on an immutable blockchain. All important information about these transactions is available online for everyone to see, including shipping and receiving addresses and the amount shipped.

Protected ZEC transactions leverage zero-knowledge succinct non-interactive information arguments, or zk-SNARKs, to enable fully anonymous transactions to be sent over a public, immutable blockchain. The transaction is recorded in the registry, but the sending and receiving addresses and the amount sent are not made public.

Zcash is a limited mining token with a total supply limit of 21 million, similar to that of Bitcoin. The Zcash network is secured with the Proof-of-Work SHA-256 hash function of the SHA-2 algorithm, which is the same as Bitcoin.

Who is the Founder of Zcash?

Zcash was founded in 2016 by Cypherpunk, founded by computer security expert and entrepreneur Zooko Wilcox-O'Hearn. He is also the founder of the non-profit Electronic Coin Company (ECC), which oversees the development of Zcash.