🛡️ Zcash (\text{\$ZEC}): The Privacy-Focused Digital Currency
Zcash (\text{\$ZEC}) is a decentralized, open-source cryptocurrency that emphasizes privacy and selective transparency in financial transactions. Launched in 2016, it was created as a fork of the original Bitcoin codebase, sharing its core structure—including a maximum coin supply of 21 million ZEC—but with a foundational technological enhancement focused on anonymity.$BTC
The Power of \text{zk-SNARKs}
The key to Zcash's privacy features is its innovative use of a specific type of zero-knowledge cryptography called \text{zk-SNARKs} (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge).
This advanced mathematical proof allows a user to prove that a transaction is valid and that they possess the necessary private keys, without revealing any of the sensitive transaction data (such as the sender, the recipient, or the amount). Essentially, it verifies the truth of a statement without exposing the underlying information.#MarketPullback #