Zcash is a digital currency that has been designed with the concept of privacy and identity protection. Zcash allows traders to carry out anonymous transactions while still delivering the advantages of the blockchain. The ZEC token, as we know it today, is the result of the project that was originally referred to as ZeroCoin. At first, ZeroCoin was intended to help enhance anonymity for traders who had adopted bitcoin before it transformed into the heavyweight cryptocurrency that it is today.
Zcash utilizes an extensive system of zero-knowledge cryptography. As a result, the coin allows the network’s consensus protocol to verify fully encrypted transactions. ZCash is itself a fork of the Bitcoin protocol, as it was built off of the bitcoin core code. Nevertheless, Zcash maintains its own blockchain and is a separate digital coin from Bitcoin. Initially released in October 2016, Zcash is believed to have been created by Zooko Wilcox.
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