(ZEC) Zcash News

Zcash (ZEC) is similar to Bitcoin (BTC) in that it allows users to transact value through the use of blockchain technology. However, unlike Bitcoin, Zcash includes offers anonymity — allowing users to choose how privately they wish to transact. To achieve this, Zcash provides each of its users with two types of address: transparent and shielded. Transparent addresses are used for public transactions when privacy is not a concern, whereas shielded addresses are used when transaction privacy is more important than confirmation time. Zcash was the first cryptocurrency to implement a new type of cryptographic proof known as zk-SNARKS — providing a way for transactions to be verified without revealing any sensitive information whilst simultaneously preventing double spends.

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