Zcash

Zcash is a decentralized cryptocurrency focused on privacy and anonymity. It uses the zk-SNARK zero-knowledge proof technology that allows nodes on the network to verify transactions without revealing any sensitive information about those transactions. ZEC transactions by default do not reveal the sending and receiving addresses or the amount being sent. There is an option, however, to reveal this data for the purposes of auditing or regulatory compliance. Zcash was first released on October 28, 2016, and it was originally based on Bitcoin’s codebase.

Zcash, formerly "Zerocoin," was created in 2013 by a group of scientists from Johns Hopkins University. The team recruited additional scientists from leading academic institutions including MIT and Tel Aviv University to build the standalone Zcash protocol. Zcash was first mined in October 2016.


Zcash is a decentralized cryptocurrency focused on privacy and anonymity. It uses the zk-SNARK zero-knowledge proof technology that allows nodes on the network to verify transactions without revealing any sensitive information about those transactions.

ZEC transactions by default do not reveal the sending and receiving addresses or the amount being sent. There is an option, however, to reveal this data for the purposes of auditing or regulatory compliance.

Zcash has a fixed supply of 21 million ZEC and undergoes block halvings every four years.

Zcash distributes a portion of its block rewards to development funding. 20% of Zcash issuance is allocated to the Electric Coin Company, the Zcash Foundation, and independent third-party developers, while 80% is rewarded to miners. 

Dash

Bittrex's announcement today damaged the markets of the privacy coins.

Privacy Coins Drop 10% After Bittrex Announcement

Monero (XMR), Zcash (ZEC), and Dash (DASH) are all down double-digit percentages following an announcement that U.S. cryptocurrency exchange Bittrex will be delisting the privacy coins on January 15. According to Bittrex, while the exchange “generally seeks to provide users up to 30 days to withdraw any delisted tokens… in certain instances the withdrawal period […] The post Privacy coins slide following Bittrex delisting appeared first on The Block.

Privacy coins slide following Bittrex delisting

While Bittrex gave no reason for the removals, exchanges around the world have been moving to delist coins that seek to hide the activity of their users.

Bittrex to Delist Privacy Coins Monero, Dash and Zcash

Privacy coins are under scrutiny by regulators.

News for Zcash Crypto (ZEC)