ZEC

ZEC

Zcash
$57.49
+8.37%
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Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
21,000,0005,196,5192016-10-28-POW1
explorer.zcha.in
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
5,961,306Equihashhttps://github.com/zcash/zcashhttps://z.cash/COIN

ZCash is a privacy driven cryptocurrency. It uses the Equihash as an algorithm, which is an asymmetric memory-hard Proof of Work algorithm based on the generalized birthday problem. It relies on high RAM requirements to bottleneck the generation of proofs and making ASIC development unfeasible. ZCash uses zero-knowledge Succinct Non-interactive Arguments of Knowledge (zk-SNARKs) to ensure that all information (sender, receiver, amount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place.

  • The Latest Rating
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CoinCheckup
4.5

Zcash - Analysis & Research report - CoinCheckup.com

2018-11-15
Algo. score rating 4.5/5 (#5) 100% Open channels 100% Team Strength 98% Product Strength 100% GitHub Activity 77% Coin strength 80% Brand awareness See attached PDF Analysis & Research report for more details.
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Coin Bureau
4.0

ZCash (ZEC): Privacy Centric Blockchain

2018-09-30
ZCash is a privacy centric cryptocurrency that is able to hide information about a transaction as well as the wallet addresses of the users. It makes use of some of the most advanced disciplines in cryptography including zk-SNARKs and shielded transactions. ZCash was started as a fork of Bitcoin in October of 2016 and was originally called "Zerocoin". It is a proof-of-work coin that also has a maximum supply cap of 21m ZEC. ZCash was developed primarily as a privacy coin and the privacy functionality was built into the protocol. Users are able to make use of public addresses (t-addr) and their optional private address (z-addr). ZCash is able to achieve this privacy through the use of zk-SNARKs which are built on a cryptographic principle called "Zero-Knowlede Proofs". Users who send coins between two shielded addresses will have their transaction metadata hidden from the ZCash blockchain. ZCash makes use of the Equihash mining algorithm and has a unique coin distribution. For the first 4 years of the project, 10% of all mining rewards go towards what is called the "Founder's fund". The 2.1m ZEC will be transferred to the founder’s fund in incremental steps over the 4-year period. This "miners’ tax" has been a point of contention. ZCash was founded by a developer called Zooko Wilcox and has some large backers behind the project including the likes of Barry Silbert and Roger Ver. There are also a large host of researchers from established universities who work for the project. They are also working with developers from Ethereum (ETH) in order to implement zk-SNARKs onto the Ethereum blockchain. ZEC is an established coin and has been available on the markets since December of 2016. They are listed on a number of different exchanges and there is strong liquidity for the coins. Hence, there is less volatility than similar sized coins.
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blokt
4.5

Zcash (ZEC) Rating - Open, Permissionless Cryptocurrency

2018-09-17
Zcash was developed in response to one of bitcoin’s shortcomings; it’s open and transparent ledger. It was launched in October 2016 and focuses on maintaining total privacy and anonymity to for all users and transactions via a permission-less and open digital currency. It was forked from the bitcoin codebase but, unlike Bitcoin where you can track transaction values and addresses, all information in Zcash is encrypted. Because of this, it is often known as “untraceable.”