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  • Market Cap: $3.7788T -2.010%
  • Volume(24h): $164.2839B -4.040%
  • Fear & Greed Index:
  • Market Cap: $3.7788T -2.010%
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What is ZEC? Learn what ZEC is in one minute

Zcash's native cryptocurrency, ZEC, prioritizes privacy, enabling confidential blockchain transactions, and has a market value exceeding $100 per coin.

Oct 31, 2024 at 12:34 am

What is ZEC? Learn what ZEC is in one minute

  1. ZEC is the native cryptocurrency of the Zcash blockchain. It is a privacy-focused cryptocurrency, which means that transactions on the Zcash blockchain are kept confidential.
  2. ZEC was created in 2016 by a team of developers led by Zooko Wilcox. The Zcash blockchain is based on the Bitcoin blockchain, but it uses a different consensus algorithm, called zk-SNARKs, to provide privacy for transactions.
  3. ZEC is used to pay for goods and services on the Zcash blockchain. It can also be used to send and receive payments anonymously.
  4. ZEC is a valuable cryptocurrency. As of January 2023, ZEC is worth over $100 per coin.
  5. ZEC can be bought and sold on a variety of cryptocurrency exchanges. Some of the most popular exchanges include Binance, Coinbase, and Kraken.

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