What is the issuance and circulation of ZEC coins?

ZEC coins are released through mining and have a maximum supply of 21 million, with an estimated 13.5 million currently circulating as of February 2023.

Nov 04, 2024 at 03:33 am

Issuance

ZEC coins are issued through a process called mining.
Miners verify and add new transactions to the Zcash blockchain and are rewarded with ZEC coins.
The maximum supply of ZEC coins is capped at 21 million, similar to Bitcoin.

Circulating supply

As of February 2023, the circulating supply of ZEC coins is approximately 13.5 million.
This means that 13.5 million ZEC coins have been mined and are currently in circulation.
The remaining 7.5 million ZEC coins are yet to be mined.

Distribution

Initially, ZEC coins were distributed through a process called the "Founders' Reward."
Under this program, 10% of the mined ZEC coins were allocated to the Zcash Company, the Electric Coin Company, and early investors.
The Founders' Reward program ended in October 2018.

Current issuance rate

The issuance rate of ZEC coins is currently set at 3.125 ZEC coins per block mined.
The issuance rate is halved every four years, similar to Bitcoin's halving mechanism.
The next halving is expected to occur around October 2024.

Future issuance

The issuance of ZEC coins is expected to continue until the maximum supply of 21 million coins is reached.
At that point, new ZEC coins will no longer be issued, and the inflation rate will be zero.

Additional notes:

ZEC coins are a fungible cryptocurrency, meaning that they are interchangeable and indistinguishable from one another.
ZEC transactions are private by default, but users can choose to make them transparent if desired.
ZEC is currently traded on a variety of cryptocurrency exchanges.

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