Zcash (ZEC)

Overview

Rank
2.78/10
Based on 2 Reviews
Position in Rating
24
Since 04 April, 2018
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Company Reviews
«I Trust» 0% (0) Standart 100% (2) «Scam Alert» 0% (0)
Official Name
Zcash (ZEC)
Year founded
2015
Market Cap $
333,716,287
Price $
54
Change 24H
-2.79%
Official Website
Official e-mail
 

ZCash (ZEC) is a cryptocurrency, which managed to ensure the confidentiality of its users. ZEC is a type of open and affordable decentralized crypto currency that will completely protect the confidentiality of transactions through zero-level cryptography.
He uses the Equihash algorithm as an algorithm that is an asymmetric "Proof of Work" algorithm based on the generalized birth problem. Development of ASIC is not possible.
ZCash uses zero knowledge. Brief noninteractive arguments of knowledge (zk-SNARKs) to ensure that all information (sender, receiver, number) will be encrypted without the possibility of double expenses. The only information that is open about transactions is the time of use.

The project is on an open source platform based on the Bitcoin Core code, which has been thoroughly tested.

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Additional Information

Ticker symbol
ZEC
Algorithm
Equihash
Proof Type
PoW 2015

Zcash (ZEC) Reviews

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20 July, 2018

Jerremy from Austria

8

Cryptocurrency Zcash is built on the technology of PoW (Proof of Work). This can extract miners and the network is supported by users. I like anonymity here, which completely hides the purse of the sender and the recipient, as well as the quantity.

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20 July, 2018

Yarik Sui from Hong Kong

8

ZEC was conceived and released by engineers and scientists who were really advanced in terms of incognito payments, but because of this, it also has problems with regulators.

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