#zec 📝 Basic Overview

· What is Zcash?: It is a cryptocurrency focused on transaction privacy, launched in 2016. It is derived from Bitcoin's code but features advanced privacy technologies.

· Core Technology: It uses #zcash zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge). This technology allows the network to verify the validity of a transaction without revealing the sender or receiver's address or the amount, when using "protected addresses" (z-addresses).

· Optional Privacy: One of the unique features of Zcash is that it gives users the freedom to choose between conducting private (protected) transactions or transparent (publicly traceable like Bitcoin) transactions. This flexibility is key to its acceptance in broader regulatory frameworks.

· Maximum Supply: Like Bitcoin, the maximum number of ZEC coins is limited to 21 million coins.