Zcash
| Zcash | |
|---|---|
|
|
| symbol | ZEC |
| Publishing year | 2016 |
| founder | Zcash Foundation |
| Start date | October 28, 2016 |
| Maximum supply | 21,000,000 |
| Mining | Equihash |
| Website | www.z.cash |
Zcash is a crypto-currency , which aims cryptography to be used to the privacy of its users compared to other crypto currencies like Bitcoin to improve.
Like Bitcoin, Zcash has a total volume of Zcash 21 million.
Transactions can be "transparent" and similar to Bitcoin transactions, in which case they are controlled by a t-addr, or they can be some kind of zero-knowledge evidence called zk-SNARKs; the transactions are then considered "shielded" and are controlled by a z-addr. Zcash coins are either in a transparent pool or in a screened pool; As of December 2017, only about 4% of Zcash coins were in the shielded pool, and at that point most crypto wallets, as well as web-based wallets, did not support z-addrs. The shielded pool of zCash coins was further analyzed for security and it was found that the anonymity set was based on heuristics identifiable usage patterns can be significantly reduced.
Zcash offers private transaction partners the option of "selective disclosure", which enables a user to prove the payment for verification purposes. One such reason is to give private funders the choice of complying with anti-money laundering or tax regulations. "Transactions are auditable, but disclosure is under the control of the participant." The company has held virtual meetings with law enforcement agencies in the US to clarify these basics and has stated on record that "they did not develop the currency to facilitate illegal activity".
See also
Web links
Individual evidence
- ↑ Nathaniel Popper: Zcash, a Harder-to-trace Virtual Currency, Generates Price Frenzy. In: The New York Times . October 31, 2016, accessed July 13, 2020 .
- ↑ George Kappos, Haaroon Yousaf, Mary Maller, Sarah Meiklejohn: An Empirical Analysis of Anonymity in Zcash. 2018, pp. 463–477 , accessed on July 13, 2020 (presentation at the 27th USENIX Security Symposium. August 15–17, 2018 • Baltimore, MD, USA , available as PDF and presentation).
- ↑ Lalita Clozel: How Zcash Tries to Balance Privacy, Transparency in Blockchain. In: American Banker. October 31, 2016, accessed on July 13, 2020 .
- ↑ Nathaniel Popper: Zcash, a Harder-to-trace Virtual Currency, Generates Price Frenzy. In: The New York Times. October 31, 2016, accessed July 13, 2020 .