Zcash
What is Zcash?
Zcash is a privacy-focused cryptocurrency that offers users the option of shielded transactions, which provide enhanced privacy and confidentiality. It was launched in 2016 with a unique approach to transaction privacy using zero-knowledge proofs.
Key Features:
- Privacy-Enhancing Cryptocurrency
- Optional Shielded Transactions
- Zero-Knowledge Proofs for Confidentiality
- Public and Private Addresses
- Decentralized and Open-Source
Use Cases:
Zcash is used for transactions where privacy and confidentiality are important, such as for individuals or businesses that want to keep their financial activities private.