🪙 Zcash (ZEC): Key Information
Zcash (ZEC) is a pioneering cryptocurrency focused on privacy and anonymity. It utilizes an innovative cryptographic technology called zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge). This technology allows users to prove they have sent funds without revealing the sender address, the recipient address, or the transaction amount.
Zcash offers two types of transactions:
Transparent Transactions (t-addr): Similar to Bitcoin, where the information is public.
Shielded Transactions (z-addr): These employ zk-SNARKs to hide transaction data, offering the highest level of privacy.
This makes it a leading choice for those who value confidentiality in their digital financial movements. Its total supply is capped at 21 million coins.
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