Zcash
Zcash Price
4605.43
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Market Cap Rank
28
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Total Supply
-
Circulating Supply
9601650
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24h Low
4563.84
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24h High
4715.03
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24h Vol
22813008934
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What is Zcash ?
Zcash is a cryptocurrency that grew out of the Zerocoin project, It aimed at improving anonymity for Bitcoin users. Zcash payments are published on a public blockchain, but users are able to use an optional privacy feature to conceal the sender, recipient, and amount being transacted. Zcash affords private transactors the option of 'selective disclosure', allowing a user to prove payment for auditing purposes. One such reason is to allow private transactors the choice to comply with anti-money laundering or tax regulations. 'Transactions are auditable but disclosure is under the participant's control.'
History of Zcash ?
Zcash was set to launch on the 28th of October 2016 and has a hefty heavy weight team working on it and backing it. These include names such as Roger Ver and Barry Seibert as well as Pantera Capital. The code is open source which is unusual as the Company - run by Zooko Wilcox, a 41 year old cryptographer - will expect to give 10% of the coins for funding costs and 1% for nonprofit organisations. On April 4, 2017, Zcash entered the top 10 cryptocurrencies by market cap.
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