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Zcash is a decentralized and open-source cryptocurrency that offers privacy and selective transparency of transactions. Zcash payments are published on a public blockchain, but the sender, recipient, and amount of a transaction remain private.
Zcash is a cryptocurrency that grew out of the Zerocoin project, aimed at improving anonymity for Bitcoin users. The Zerocoin protocol was initially improved and transformed into Zerocash, which thus yielded the Zcash cryptocurrency in 2016. The founder and CEO of Zcash is Zooko Wilcox-O'Hearn. Its founding team includes cryptographer Matthew D. Green from Johns Hopkins University. Roger Ver was one of Zcash's initial investors.
Addresses: Zcash has two types of addresses: private (z-addresses) and transparent (t-addresses). Z-addresses start with a “z,” and t-addresses start with a “t.” The two Zcash address types are interoperable. Funds can be transferred between z-addresses and t-addresses. There are privacy implications of shielding or deshielding information through these transactions. Today, most wallets and exchanges exclusively support t-addresses, although support for shielded addresses is available for mobile and desktop wallets.
Transactions: Transactions between two transparent addresses (t-addresses) work just like Bitcoin: the sender, receiver and transaction value are publicly visible. Transactions involving shielded addresses include shielded (z-to-z), shielding (t-to-z), and deshielding (z-to-t), with the z-address getting privacy protections. The most secure transaction is a shielded (z-to-z) one, which encrypts the sender and receiver addresses and transaction amount. However, all transactions appear on the public blockchain, so a transaction is known to have occured and what fees were paid.
Viewing keys: The owner of a z-address can share its transaction details with trusted third parties via a view key–a key that grants read access but not spend authority over the address. This allows for “selective disclosure”, where transactions are auditable but disclosure is under the participant’s control. This allows compliance with payment for auditing, tax regulations, or anti-money laundering rules.
Verified 53%
Attention. There is a risk that unverified members are not actually members of the team
Verified 43%
Attention. There is a risk that unverified members are not actually members of the team
