Crypto

What is Zcash (ZEC)? The Privacy Coin Using Zero-Knowledge Proofs

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In brief

  • Created in response to Bitcoin’s perceived limitations, Zcash offers privacy with zk-SNARK tech.
  • Like Bitcoin, Zcash employs a proof-of-work consensus algorithm, but allows transactions to be either transparent or shielded.
  • A decade on from its creation, Zcash is one of the privacy…

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