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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
- 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.
- 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.
- ZEC is used to pay for goods and services on the Zcash blockchain. It can also be used to send and receive payments anonymously.
- ZEC is a valuable cryptocurrency. As of January 2023, ZEC is worth over $100 per coin.
- 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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