Zcash is the first blockchain system that uses a zero-knowledge proof mechanism that provides full payment confidentiality while still maintaining a decentralized network using a public blockchain. Like Bitcoin, the total amount of Zcash tokens (ZEC) is also 21 million, except that Zcash transactions automatically hide the senders, receivers, and amounts of all transactions on the blockchain. Only those who have the view key can see the contents of the transaction. Users have full control and they have the option to provide others with a view key.
Zcash is a branch of bitcoin that retains the original bitcoi mode and is modified based on Bitcoin version 0.11.2 code. ZCash wallet funds are divided into two types: transparent funds, private funds, and transparent funds similar to bitcoin funds; private funds strengthen privacy, and transactions involving private funds are confidential and unrecognizable. Transaction of transparent funds and transparent funds is publicly available.
2. Basic Information
- Name: Zcash
- Abbreviation: ZEC
- Founder: Zooko Wilcox
- Issue Date: 2016-10-28
- Total Supply: 7,075,631
- Core Algorithm: Equihash
- Consensus Mechanism: PoW
- Currency Unit: ZEC
3. Related Links
Official website: https://z.cash/
White paper: http://zerocash-project.org/media/pdf/zerocash-extended-20140518.pdf
Block explorer: https://explorer.zcha.in/
Article is closed for comments.