What is Zcash?

php Editor Yuzi: Zcash is a privacy-focused cryptocurrency launched in 2016 by the Zcash Protocol Foundation. Zcash uses zero-knowledge proof technology to protect transaction privacy, allowing users to conduct transactions without revealing the transaction amount or receiving address. The official website of Zcash is z.cash, which can currently be traded on mainstream trading platforms such as Binance, Huobi, and OKEx.

Zcash’s zero-knowledge proof technology

Zcash uses zero-knowledge proof technology (zk-SNARKs) to protect user privacy, allowing the sender and receiver of a transaction to communicate without revealing their identities. Transactions below. This technology not only verifies that the sender has enough currency, but also protects the recipient’s address so that it cannot be traced by others.

In Zcash transactions, the sender and receiver can choose whether to make the transaction public. They can use zk-SNARKs technology to generate cryptographic proofs that ensure the transaction amount and receiving address are correct, while hiding other details such as the sender, receiver, and transaction volume.

Features of Zcash

In addition to using zero-knowledge proof technology, Zcash also has the following features:

Zero-knowledge proof technology is very efficient and only takes a short time to verify the proof and Seal the deal. Zcash maintains a public, auditable blockchain for enhanced transparency and security. Zcash is decentralized and has no central control agency for control and supervision. Zcash allows users to choose whether to disclose the transaction amount and transaction objects when using the anonymous function, which improves the flexibility of transactions.

Zcash’s trading platform

Currently, Zcash’s main trading platforms include Binance, Huobi, OKEx, Gate.io and Kraken. These platforms not only support the exchange of Zcash, but also provide safe and reliable digital wallets to facilitate users to store and manage assets.

In addition, the Zcash official website also provides a list of digital wallets and trading platforms for users to choose from.

Conclusion

Zcash is an anonymous digital cryptocurrency that uses zero-knowledge proof technology to protect user privacy and security. It has the characteristics of efficiency and decentralization, so it is loved by more and more users. As the digital currency market continues to develop, Zcash is expected to become one of the more popular trading and storage platforms in the future.

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