Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Privacy Coins Forum => Zcash Forum => Topic started by: Crestie C. Tuvilla on May 25, 2018, 04:51:43 AM
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ZCash is a cryptocurrency with a decentralized blockchain that provides anonymity for its users and their transactions. As a digital currency, ZCash is similar to Bitcoin in a lot of ways including the open-source feature, but their major differences lie in the level of privacy and fungibility that each provides.
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Zcash (ZEC) is another Crypto currency like bitcoin but with a few different features. Like Bitcoin it is based on a decentralised blockchain but allows for anonymity behind transaction amounts and parties involved. In Bitcoin if you know someone's address you can follow their transactions and you can see which all the addresses and their transaction amounts - so its quite clear how much money is moving around, with ZCash all the information is encrypted
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Yes! In addition, Zcash was forked out of Bitcoin and launched in October 2016, and it was previously known as Zerocoin. It is based on a special cryptographic protocol that shields a sender’s information, a receiver’s information, and the amount of transacted between the two parties.
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I hate to ask a dumb question but is Zcash a fork of Zcoin? Are they related in any way, and if so, whats the difference?
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ZCash is a cryptocurrency with a decentralized blockchain that provides anonymity for its users and their transactions. As a digital currency, ZCash is similar to Bitcoin in a lot of ways including the open-source feature, but their major differences lie in the level of privacy and fungibility that each provides.
Zcash is similar to Bitcoin in that it utilizes private and transparent transactions, and users can hold both private and transparent wallets. But in terms of privacy and anonymity, the closest coin on the market to Zcash is Monero.
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The Zcash cost depends, on its request. Cryptographic forms of money that offer zero proof or unknown exchanges are popular.
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This coin called privacy coin like Monero because Zcash has high security for transactions With low fees. Also this coin shielded transactions send and receive keep all your financial information and data in your control.