Zcash is a decentralized cryptocurrency focused on privacy and anonymity. It utilizes the zk-SNARKs zero-knowledge proof technology, enabling network nodes to verify transactions without disclosing sensitive information. While most cryptocurrencies like Bitcoin (BTC) are only pseudonymous and can be traced through blockchain forensics, Zcash distinguishes itself by hiding the sender, receiver, and transaction amount by default. Users, however, can choose to reveal this data for auditing or compliance purposes. Launched in October 2016 and based on Bitcoin’s codebase, Zcash is one of the first projects to combine transparency and privacy within a single blockchain.
In the past 24 hours, ZEC has surged by %+20.47, as renewed interest in privacy-focused assets grows.
Factors such as ongoing debates over financial surveillance in Europe, expanding mobile wallet integrations, and increasing trading volumes across the sector may have contributed to this rise.
