Cryptocurrency Market Capitalizations ZCash

1Zcash details
Zcash is a cryptocurrency aimed at using cryptography to provide enhanced privacy for its users compared to other cryptocurrencies such as Bitcoin.
2History

The Zerocoin protocol was improved and transformed into the Zerocash system, which was then developed into the Zcash cryptocurrency in 2016. Development of protocol improvements and the reference implementation is led by the Zerocoin Electric Coin Company, colloquially referred to as Zcash Company. The founder and CEO of Zcash Company is Zooko Wilcox-O'Hearn. Its founding team includes cryptographer Matthew D. Green from Johns Hopkins University. Roger Ver was one of Zcash Company's initial investors. Zcash payments are published on a public blockchain, but users are able to use an optional privacy feature to conceal the sender, recipient, and amount being transacted. Like Bitcoin,
Zcash has a fixed total supply of 21 million units. In the first 4 years, 20% of the coins created in that period are allocated to a "founders' reward" shared between investors, developers, and a non-profit foundation. Transactions can be "transparent" and similar to bitcoin transactions in which case they are controlled by a t-addr, or can be a type of zero-knowledge proof called zk-SNARKs; the transactions are then said to be "shielded" and are controlled by a z-addr. Zcash coins are either in a transparent pool or a shielded pool; as of December 2017 only around 4% of Zcash coins were in the shielded pool and at that time most wallet programs did not support z-addrs and no web-based wallets supported them. Zcash affords private transactors the option of "selective disclosure", allowing a user to prove payment for auditing purposes. One such reason is to allow private transactors the choice to comply with anti-money laundering or tax regulations. "Transactions are auditable but disclosure is under the participant's control."

Zcash Community All Things Zcash

  • Zcash Developers Update 6-10-18
    by Gibson Ashpool on June 8, 2018 at 21:00

    By Paige Peterson This week, the engineering teams completed their 1st sprint of this release cycle. We’re tracking each team’s progress in Github projects so you can see a more detailed view of what they’re tackling each two-week sprint and what they have in their […]

  • Zcash Developers Update 6-1-18
    by Gibson Ashpool on June 1, 2018 at 21:18

    By Paige Peterson This is our fortnightly community and communications update, for the latest update on the engineering front, check out last week’s update. From the blog… On May 21st, we announced our investment into Agoric. We’re excited about their mission […]

  • Zcash Developers Update 5-25-18
    by Gibson Ashpool on May 25, 2018 at 15:20

    By Paige Peterson This week’s update will be based on the various engineering teams completing their 3rd sprint of the release cycle. This is 3 of 3 in our 6-week release cycle where the end of the 3rd sprint lines up with the next zcashd release. We’re tracking each team’s […]

  • Zcash Developers Update 5-11-18
    by Gibson Ashpool on May 11, 2018 at 16:02

    By Paige Peterson This week’s update will be based on the various engineering teams second sprint. This completes sprint 2 of 3 in our 6-week release cycle where the end of the 3rd sprint lines up with the next zcashd release. We’re tracking each team’s progress in Github […]

  • Zcash Developers Update 5-4-18
    by Gibson Ashpool on May 4, 2018 at 20:21

    By Paige Peterson May the 4th be with you, Zcash community!    Since last week saw the end of our first engineering sprint, we’re now in the middle of the second sprint so I figure it makes sense to try and talk more about community related updates on the off week. So going […]



ABOUT US:


FTADirect offers you the latest news on Bitcoin (BTC), Litecoin (LTC), Dash, Ripple (XRP), Ethereum (ETH), Monero (XMR), ZCash (ZEC) and more crypto values, blockchain and analysis on the future of money, from around the world.


FTADirect connects the global community with daily news dedicated to the world of cryptocurrencies.