About Zcash

Zcash is a cryptocurrency designed with a strong emphasis on privacy, utilizing advanced zero-knowledge proofs to facilitate fully encrypted transactions while ensuring the integrity and transparency of the blockchain. As the first cryptocurrency to implement zero-knowledge encryption for private peer-to-peer payments, Zcash addresses the privacy limitations inherent in traditional cryptocurrencies, which often disclose transaction details publicly. With a capped supply of 21 million ZEC and a halving schedule akin to Bitcoin, Zcash enables users to validate transactions without disclosing sensitive information such as wallet balances or participant identities, making it a viable option for everyday transactions, long-term savings, and international remittances where confidentiality is paramount. Operating on its own blockchain, Zcash currently employs a Proof-of-Work consensus mechanism but is transitioning towards a Proof-of-Stake model through the upcoming "Crosslink" upgrade, aimed at improving security, scalability, and energy efficiency. The network allows users to select between transparent public transactions and shielded private transactions via Unified Addresses, accommodating both preferences. With new blocks generated approximately every 75 seconds and transaction fees typically minimal, Zcash offers a faster and more cost-effective alternative to Bitcoin. The adoption of privacy features has notably increased, with over 30% of the total ZEC supply currently residing in fully shielded pools, reflecting a growing demand for financial privacy in the digital age.