Zcash (ZEC)

ZCash is considered one of the flag bearers of privacy coins along with Monero, Dash and Verge. As the bitcoin blockchain is an open ledger of trackable transactions, privacy can become an issue.


Official Website: https://z.cash/

Key Facts

  • Created as a fork of bitcoin on October 28, 2016. Earlier called Zerocoin Protocol before it became the Zerocash System; then ZCash.
  • ZCash has a hard limit of 21 million coins.
  • The founder and CEO is Zooko Wilcox.
  • ZCash achieves its high level of privacy through utilisation of zk-SNARKS (Zero Knowledge Succinct Non-Interactive Arguments of Knowledge).
  • Block mining in ZCash is done with Equihash, a proof of work algorithm which is ASICS unfriendly (to prevent mining centralisation).
  • ZCash wasn’t pre-mined, but had an initial group of closed investors who were promised an incremental reward of 20% of total coin supply over the first four years.
  • The closed investors included prominent cryptocurrency advocates Barry Silbert, Erik Voorhees, Roger Ver and Naval Ravikant.
  • Mining is expected to cease around 2032.

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