Zcash (ZEC)

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If Bitcoin is like http for money, Zcash is https. Zcash offers total payment confidentiality, while still maintaining a decentralized network using a public blockchain. Unlike Bitcoin, Zcash transactions can be shielded to hide the sender, recipient, and value of all transactions on the blockchain. Only those with the correct view key can see the contents. Users have complete control and can opt-in to provide others with their view key at their discretion. Zcash transactions do not depend on the cooperation of other parties.

Zcash encrypts the contents of shielded transactions. Since the payment information is encrypted, the protocol uses a novel cryptographic method to verify their validity.

Zcash uses a zero-knowledge proof construction called a zk-SNARK, developed by the Zcash team of experienced cryptographers. These constructions allow the network to maintain a secure ledger of balances without disclosing the parties or amounts involved. Instead of publicly demonstrating spend-authority and transaction values, the transaction metadata is encrypted and zk-SNARKs are used to prove that nobody is cheating or stealing.

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Zcash in the Cryptocurrency Ecosystem

Andreas Antonopoulos: Pre-launch thoughts on Zcash. I downloaded and ran the test net version, and did some test transactions...

To get started with Zcash you first need to download a wallet for your particular device and operating system. A Zcash wallet stores your private keys and enables you to send and receive Zcashs. You can choose between desktop, mobile, web or hardware wallets designed for a variety of operating systems. For more in-depth specifications we recommend you to check out our cryptocurrency wallet directory.

Zcash Wallets

The Zcash mining process involves compiling recent transactions into blocks while trying to solve a computationally difficult puzzle. The first participant (miner or group of miners) who solves the puzzle gets to place the next block on the blockchain and claim the rewards. The rewards incentivize miners to uphold and secure the Zcash network. Below you find detailed information and reviews about Zcash mining hardware, mining software, mining pools and cloud mining services.

Zcash Cloud Mining Services

Zcash Mining Hardware

Zcash Mining Software

Zcash Mining Pools

The easiest way to buy Zcash is through a cryptocurrency exchange. There is a variety of exchanges where you can trade Zcash for fiat currencies or other cryptocurrencies. Below you find exchanges currently trading with Zcash.

Zcash Exchanges

Services Accepting Zcash

Stores Accepting Zcash

Zcash Marketplaces

Zcash Gambling & Betting Sites

Genesis Block CreatedMonday, August 20, 2009 01:19:16 GMT
Hashing AlgorithmSHA-256
Validation SystemProof-of-Work
Block Time2.50 minutes
Total Coins to be Issued21000000
Source CodeGithub
DownloadsLinux, Mac, Windows
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