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.
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
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:
- Zcash’s roadmap:
- Zcash’s team page: https://z.cash/team.html
- Zcash’s whitepaper: http://zerocash-project.org/media/pdf/zerocash-extended-20140518.pdf