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What currency is Zcash? What does Zcash mean?
Zcash (ZEC), released in 2016, is a privacy-centric cryptocurrency utilizing the Bitcoin protocol to enhance user anonymity.
Oct 06, 2024 at 11:12 am
1. What Currency is Zcash?
Zcash (ZEC) is a decentralized cryptocurrency based on the Bitcoin protocol that offers enhanced privacy. It was launched in 2016 by the Zerocoin Electric Coin Company.
2. What does Zcash Mean?
The name "Zcash" comprises two concepts:
- "Z": Represents the mathematical concept of zero-knowledge ("ZKP"), which enables the validation of transactions without revealing private information.
- "Cash": Denotes that ZEC is intended to be used as a virtual currency.
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