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Zcash ZEC |
BUY
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€215.07 |
4.09 % (24h) |
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Marketcap |
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€3,570,955,768 |
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Volume 24h |
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€273,027,460 |
Description
Zcash (ZEC) is a privacy-focused cryptocurrency that gives users the choice between transparent and "shielded" transactions. It utilizes a sophisticated cryptographic tool known as zk-SNARKs, which allows the network to verify transactions without revealing any sensitive data. While transparent transactions work similarly to Bitcoin, shielded transactions hide the sender, recipient, and the amount being transferred. This "selective disclosure" feature makes Zcash a versatile tool for both private individuals and businesses that need to remain compliant with regulations.