Zcash
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About Zcash
Zcash is a cryptocurrency built around privacy, using zero-knowledge proofs to keep transaction details encrypted. It launched in October 2016 and stood among the earliest large real-world uses of zero-knowledge proofs beyond academic settings.
ZEC is the native coin of the Zcash blockchain and is used to pay transaction fees. Through Unified Addresses, users can pick either transparent public transactions or shielded private ones, according to its developers. Independent teams receive support from Zcash block rewards through the Zcash Community Grants Committee and a Coinholder-Controlled Fund.
- Launched
- Oct 28, 2016
- Consensus
- Proof of Work (Equihash)
- Created by
- A group of scientists
- Block time
- ~75 seconds
- Category
- Layer 1
- Max supply
- 21.00M ZEC
Zcash news
All newsZcash FAQ
Cryptographers at Johns Hopkins University and MIT were the developers behind Zcash.
Zcash uses the Equihash mining algorithm.
Yes, Zcash runs on its own blockchain and uses Proof-of-Work consensus.