Zcash | ZEC

Overview

Zcash is a cryptocurrency network designed for digital payments with a choice of transaction transparency. ZEC is its native asset, used to transfer value and pay network fees. Zcash supports transparent transactions and shielded transactions, which can protect transaction details using zero-knowledge proofs. Privacy depends on the addresses, wallet, and transaction method a person uses; it should not be assumed for every ZEC payment. The network uses proof of work to validate transactions and issue new coins, with a maximum supply of 21 million ZEC. Its main use case is peer-to-peer payment with optional onchain privacy. Zcash is a cryptocurrency network designed for digital payments with a choice of transaction transparency. ZEC is its native asset, used to transfer value and pay network fees. Zcash supports transparent transactions and shielded transactions, which can protect transaction details using zero-knowledge proofs. Privacy depends on the addresses, wallet, and transaction method a person uses; it should not be assumed for every ZEC payment. The network uses proof of work to validate transactions and issue new coins, with a maximum supply of 21 million ZEC. Its main use case is peer-to-peer payment with optional onchain privacy. Financial products referencing ZEC are separate from Zcash’s protocol. In particular, a September 25 filing describes a proposed income ETF using options on Zcash exchange-traded products. The filing says that proposed fund would not hold ZEC directly. Its filing is confirmed; its launch and performance are not. No Zcash network upgrade is established by that filing.

Project features

• Optional shielded transactions
• zero-knowledge proof verification
• transparent transaction support
• proof-of-work consensus
• native ZEC payments
• blockchain transaction fees
• 21 million maximum supply
• open-source protocol development