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What is Zcash (ZEC)?

May 10, 2018 By admin_coin

What is Zcash Crypto Currency?
What is Zcash Crypto Currency?
A brief description of Zcash.
Zerocash, a practical instantiation of our DAP scheme construction. In Zerocash, transactions are less than 1 kB and take under 6 ms to verify — orders of magnitude more efficient than the less-anonymous Zerocoin and competitive with plain Bitcoin.

Zcash Video

The purpose of Zcash 

Anonymity, Secure, Private, Untraceable, Selective transparency, Dynamic scalability, Trustless transactions between parties, Freedom of payments, Counterfeiting impossible, Fraud resistant, No single point of failure, No % based transfer costs, free to hold

Zcash Abstract

In this paper, we construct a full-fledged ledger-based digital currency with strong privacy
guarantees. Our results leverage recent advances in zero-knowledge Succinct Non-interactive
ARguments of Knowledge (zk-SNARKs).
We formulate and construct decentralized anonymous payment schemes (DAP schemes). A
DAP scheme lets users pay each other directly and privately: the corresponding transaction
hides the payment’s origin, destination, and amount. We provide formal definitions and proofs
of the construction’s security.
We then build Zerocash, a practical instantiation of our DAP scheme construction. In
Zerocash, transactions are less than 1 kB and take under 6 ms to verify — orders of magnitude
more efficient than the less-anonymous Zerocoin and competitive with plain Bitcoin.

More information can be found in the Zcash whitepaper http://zerocash-project.org/media/pdf/zerocash-extended-20140518.pdf

Other Zcash facts

  • Trading symbol: ZEC
  • Governance: Centralized > Hierarchical
  • Open source: Yes
  • Product status: Beta version
  • Consensus method: Proof of work
  • Emmission rate: Unknown
  • Transactions per second:  Unfortunately we don’t have this data available.
  • Total Supply: N/A
  • Release date: 2016-10-28

Usefull Zcash links

  • Zcash’s Website
  • Zcash pricing data & fundamental Zcash information
  • Zcash’s Website
  • Zcash official blog
  • Zcash’s Bitcointalk Forum
  • Zcash’s Reddit Forum
  • Zcash’s block explorer
  • Zcash’s Alexa site stats
  • Zcash’s official forum: Unfortunately we don’t have this data available.
  • Zcash’s Github code repository:
    https://github.com/zcash/zcash
  • Zcash’s roadmap:
    https://z.cash/support/faq.html
  • Zcash’s team page: https://z.cash/team.html
  • Zcash’s whitepaper: http://zerocash-project.org/media/pdf/zerocash-extended-20140518.pdf

Filed Under: Zcash Tagged With: Altcoin, Crypto, Currency, What is?, ZEC

Other questions related to this cryptocurrency:

  • Is Zcash (ZEC) Centralized, Decentralized or Semi-Centralized?
  • What is the Consensus method of Zcash (ZEC)?
  • How can I contact the Zcash (cryptocurrency) team?
  • Who is leading Zcash (ZEC) crypto?
  • Where to find Historical trading info and past performance on Zcash (crypto)?
  • Where can I find fundamental analysis of Zcash (ZEC)?
  • How to buy Zcash (ZEC) cryptocurrency?
  • What is Zcash (ZEC)?

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