Zcash (ZEC) – An open source cryptocurrency developed by Zerocoin Electric Coin Company, providing privacy and selective transparency of transactions. Zcash payments are published in a public blockchain, but the sender, receiver, and transaction amount remain private. The Zcash trademark, ZEC, is not an official ISO 4217. The minimum transfer value – 10-⁸ ZEC – is called “shut off”, by analogy with “satoshi” – the same amount of bitcoin. Like Bitcoin, Zcash has a fixed maximum total stock of 21 million units. The average block formation time is 150 seconds. It was announced on January 20, 2016.
ZecWallet is first a z-Addr, Sapling-compatible wallet and a complete zcashd host that runs on Linux, Windows and macOS.
Security and Anonymity
Digital wallets can help keep your cryptocurrencies safe, secure, and under your control. We strongly recommend using wallets to store Zcash (technically, they store the keys to your Zcash addresses). But keep in mind that your wallet is similar to your bank account, so take extra precautions when using your passwords and back up regularly to protect your money.
With Zcash-shielded addresses and transactions, data such as sender, receiver and amount are encrypted, which means that even if transactions are verified in a public blockchain, no one will be able to see the data inherent in these transactions. This is widely regarded as the most reliable privacy in any cryptocurrency, and it is one of the best things in Zcash.
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