Zcash (ZEC)

$222.05 -3.57%

What is Zcash?

Zcash (ZEC) is a privacy-oriented cryptocurrency aimed at using cryptography to provide greater privacy compared to other cryptocurrencies such as Bitcoin, Litecoin or Ethereum. Using the Equihash algorithm, the Zerocoin protocol was transformed into the Zerocash system, which was then developed into the Zcash cryptocurrency in 2016. The founder and CEO of Zcash is Zooko Wilcox-O'Hearn. Zcash payments are published on a public blockchain, though users are able to use an optional privacy feature to hide the sender, recipient and amount of the transaction.

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