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What is ZCash?

Zcash was introduced in 2016 and was created by a group known as ZECC. The main feature of this particular cryptocurrency is the selective transparency of transactions. The actual Zcash transactions appear on the public blockchain but the sender, recipient and the amount of the transaction is allowed to remain private.

ZCash is becoming popular with those who’re conscious about keeping their identities safe online. Monero is similar in the sense that transactions mask the users identity. The Z in ZCash actually stands for Zero knowledge, which basically means that although the transactions are still visible on the public blockchain, there is zero knowledge of the users identity. The original name was ZeroCoin when it first started life in 2013, but then changed to ZCash in 2016.

Zcash has the same total supply as Bitcoin which is capped at 21 million units, of which there are currently just over 1.5 million in circulation. The team behind it believed that the biggest fall down of Bitcoin was it’s lack of privacy, and therefore privacy is paramount for ZCash.

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